BancABC Zim posted a significant rise in profit after tax to $3, 2 million for the first half of this year from $200 000 in the prior comparable period.The profit bump was on the back of cost-containm...
By Staff reporter | Published: 30 August 2017
Sibanye, which has changed its name to Sibanye Stillwater, swung deep into the red in the half-year to end-June, a result that had been widely flagged ahead of its results presentation on Wednesday.It...
By Staff reporter | Published: 30 August 2017
INDUSTRY and Commerce Deputy Minister Chiratidzo Mabuwa has ordered local metal producers to desist from exporting scrap metal at the expense of domestic foundries.Speaking during a scrap metal indaba...
By Staff reporter | Published: 30 August 2017
ZIMBABWE's gold output for the first seven months of the year has reached 12 tonnes up from 10 tonnes produced during the same period last year.The improved gold output is due to the incentives the Re...
By Staff reporter | Published: 30 August 2017
Oil producers have agreed to buy soya bean produced locally at $500 per tonne as part of efforts to promote local production, Oil Expressers Association of Zimbabwe president Busisa Moyo said yesterda...
By Staff reporter | Published: 30 August 2017
THE inaugural Tourism and Security Conference, which was scheduled to be held tomorrow has been postponed to a date to be announced, The Office of the President and Cabinet advised yesterday.The confe...
By Staff reporter | Published: 30 August 2017
Some errant banks could be diverting to other uses, foreign currency allocated to companies by the Reserve Bank of Zimbabwe (RBZ) towards procurement of critical imports, Confederation of Zimbabwe Ind...
By Staff reporter | Published: 30 August 2017
FORMER National Railways of Zimbabwe (NRZ) employees are yet to be fully paid their dues, two years after their retrenchment.The 450-plus workers were laid off following the late Chief Justice Godfrey...
By Staff reporter | Published: 30 August 2017
The plan to revive operations at the largest integrated steel plant, Ziscosteel, has been touted as an investment milestone which is strategic in the economic turnaround of the country.The visit by th...
By Staff reporter | Published: 29 August 2017
Mines and Mining Development Minister Walter Chidhakwa on Thursday appealed to the Reserve Bank of Zimbabwe to prioritise crucial external payments for the mining sector.Zimbabwe, which is using the U...
By Staff reporter | Published: 29 August 2017
Zimbabwe has so far exported 82,7 million kilograms of tobacco worth $363, 3 million, down from $320, 3 million recorded in the same period last year, statistics from the industry regulator shows.Toba...
By Staff reporter | Published: 29 August 2017
A Zimbabwe Women's Bank is expected to start operations in October as the Reserve Bank of Zimbabwe (RBZ) edges closer in granting an operating permit to the institution.The Women in Business Forum hel...
By Staff reporter | Published: 29 August 2017
Spirits and winemaker African Distillers Limited (Afdis) has declared a $750 807 dividend for the year ended June 2017 buoyed by increased volumes and production.Afdis chairperson, Pearson Gowero, sai...
By Staff reporter | Published: 29 August 2017
OLD Mutual says it will scale up investments in infrastructure development across the country as part of it's investment policy.Group chief executive officer Jonasi Mushosho said this during the commi...
By Staff reporter | Published: 29 August 2017
The lowest average price of a new house (42 square metres) built by a private developer in Zimbabwe jumped to $18 000 from $10 000 between 2010 and 2015, according to findings of a survey by the Centr...
By Staff reporter | Published: 29 August 2017
Econet Wireless' Kwese TV has never applied for a licence to distribute foreign television content in Zimbabwe, and players in the industry are baffled where discussions around that matter are coming ...
By Staff reporter | Published: 29 August 2017
COAL mining firm, Zambezi Gas Zimbabwe (Pvt) Ltd, has been dragged to court by NR Barber (Pvt) Ltd over a $3,885 million debt for services rendered at Ithuba Mine in Hwange, a few years ago.Through it...
By Staff reporter | Published: 29 August 2017
THE Government has secured a $1 billion investment for the revival of the country's largest steel maker, the Zimbabwe Iron and Steel Company (Ziscosteel), from a Chinese company, that will see one mil...
By Staff reporter | Published: 29 August 2017
A LOCAL commercial bank, Metbank has acquired investment properties worth $6.8 million through the settlement of various loan exposures.In a financial statement for the half year ended June 30, 2017, ...
By Staff reporter | Published: 29 August 2017
PRESIDENT Mugabe yesterday said Zimbabwe has a lot to offer in terms of tourism as he invited international and local guests to sample the country's resorts.Officiating at the ongoing 67th World Healt...
By Staff reporter | Published: 29 August 2017
LOCAL engineering firm, White Site Engineering is struggling to make a breakthrough as a result of high rentals and lack of affordable working capital.Management made an appeal for assistance to Gover...
By Staff reporter | Published: 29 August 2017
THE Zimbabwe Energy Regulatory Authority (Zera) has said players who have the capacity to do mandatory blending should apply for licences, as the regulations were open for more players.Zera chief exec...
By Staff reporter | Published: 29 August 2017
DEFUNCT textile firm Merlin Limited has expressed readiness to resume operations on a joint venture basis and hopes to exit judicial management within 12 months of operations.The Bulawayo-based entity...
By Staff reporter | Published: 29 August 2017
Ex-Dimension Data chairman Andile Ngcaba is taking his former paymaster to the Commission for Conciliation, Mediation and Arbitration over alleged "discrimination and unfair remuneration practices".A...
By Staff reporter | Published: 28 August 2017
Railway infrastructure development is an important building block to improving trade across the Southern Africa Hinterland Territories, which comprises three landlocked countries; Malawi, Zimbabwe and...
By Agencies | Published: 28 August 2017
'Zimbabwe does not need IMF' 
South Africa ripe for a coup 
India dumps US Treasury bills 
Zimbabwe's dollar stock exchange surges 45% 
Gold edges up as traders await guidance 
fastjet introduces Bulawayo-Victoria Falls flights 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
