FINANCIAL SERVICES

FBC Building Society to expand land bank

FBC Holdings' mortgage unit, FBC Building Society (FBCBS), is in the market for land to replenish its depleted land bank, with a bias towards high density land.Group chief executive officer, John Mush...

By Staff reporter | Published: 31 August 2017

MINING & RETAIL

Zim consults Oxfam on mine indigenisation

GOVERNMENT has engaged Oxfam to support the National Indigenisation and Economic Empowerment Board (NIEEB) in renegotiating its indigenisation agreement with Blanket Mine.Blanket Mine, which is owned ...

By Staff reporter | Published: 31 August 2017

LANDS & AGRICULTURE

High risk affects Zimbabwe agriculture funding

HEIGHTENED risk, coupled with the attendant high cost of funds and lack of collateral have resulted in a huge funding gap for Zimbabwe's key agricultural sector, a joint policy brief by government and...

By Staff reporter | Published: 31 August 2017

TELECOMS & TECHNOLOGY

Icasa, Cell C at war over recapitalisation

Earlier this month Cell C and Blue Label Telecoms concluded a recapitalisation of the network operator that was two years in the making, htxt reported.But now the Independent Communications Authority ...

By Staff reporter | Published: 31 August 2017

TELECOMS & TECHNOLOGY

Cell C responds to ICASA

We refer to the Media Release issued by ICASA on 30 August 2017 regarding the transaction for the recapitalisation of Cell C.Cell C is in the process of submitting extensive information to ICASA and i...

By Cell C | Published: 31 August 2017

TELECOMS & TECHNOLOGY

ICASA raises red flags on Cell C deal

The Independent Communications Authority of South Africa (ICASA) hereby confirms that it has received a notification from Cell C (Pty) Ltd (Cell C) regarding the change of licensee information i.e. ch...

By ICASA | Published: 31 August 2017

MINING & RETAIL

Edgars hit by foreign payment delays

CLOTHING retailer, Edgars Zimbabwe (Edgars), says it now owes international suppliers close to $2 million due to the country's foreign payment delays.The group's chain director, Vusa Mpofu, said Edgar...

By Staff reporter | Published: 31 August 2017

MINING & RETAIL

New Beitbridge coal mine to create 250 jobs

A NEW coal mine is set to open in Beitbridge district in the next few weeks creating 250 jobs.The company's director Mr Tinashe Kamuriwo said 70 percent of the employees would be locals from the distr...

By Staff reporter | Published: 31 August 2017

INDUSTRIALS & ENERGY

'Adhere to quality standards'

INDUSTRY and Commerce Deputy Minister Chiratidzo Mabuwa has challenged manufacturing companies to ensure their products adhere to quality standards set by regulatory bodies.Speaking during the Bulaway...

By Staff reporter | Published: 31 August 2017

LANDS & AGRICULTURE

Zim to introduce 12 tobacco varieties

ZIMBABWE plans to unveil at least 12 new pest and disease resistant tobacco varieties by end of next year as part of efforts to improve productivity, the Tobacco Research Board has said.Ongoing resear...

By Staff reporter | Published: 31 August 2017

INDUSTRIALS & ENERGY

Ziscosteel, Chinese firm agreement will not collapse

THE Government has given assurance that the $1 billion Zisco/R and F Company resuscitation deal will not collapse as due diligence procedures were done before the winning bidder was selected.Industry ...

By Staff reporter | Published: 31 August 2017

LANDS & AGRICULTURE

More farmers to grow tobacco

Tobacco farmers have sown a seed bed area enough to cover over 34 400 hectares for the 2017 /18 cropping season, as communal and A1 farmers continue to join the sector due to lucrative prices and an o...

By Staff reporter | Published: 31 August 2017

MINING & RETAIL

RBZ mulls increasing gold producers funding

THE Reserve Bank of Zimbabwe is considering increasing funding support to small-scale producers beyond the $40 million initially allocated under the Gold Development Initiative for the miners owing to...

By Staff reporter | Published: 31 August 2017

LANDS & AGRICULTURE

Tobacco floors to decentralise

SEVERAL tobacco companies have expressed interest in setting up buying facilities outside Harare as authorities seek to decongest the existing auction floors.Tobacco Industry and Marketing Board chief...

By Staff reporter | Published: 31 August 2017

INDUSTRIALS & ENERGY

SPB intervenes in ZPC tender wrangle

THE Zimbabwe Power Company (ZPC) has sought permission from the State Procurement Board to cancel the $113 million contract for re-powering of Munyati Power Station awarded in 2015 to an Indian compan...

By Staff reporter | Published: 31 August 2017

MINING & RETAIL

Sunbird to invest $200m in ethanol plant

SUNBIRD Zimbabwe, owned by Sunbird Bioenergy Africa, is set to invest a total $200 million over three years in a sustainable bio-ethanol cassava plant that will also produce power, executive chairman ...

By Staff reporter | Published: 31 August 2017

TELECOMS & TECHNOLOGY

TelOne rewards whistle-blowers

In a drive to fight crime and vandalism, TelOne has initiated an anti-vandalism campaign to bring to an end theft of copper cables and telecommunications equipment.Since the beginning of the year, Tel...

By Staff reporter | Published: 31 August 2017

MINING & RETAIL

Hwange Colliery reduces coal prices

Zimbabwe's biggest coal miner, Hwange Colliery Company, has slashed prices in a bid to combat massive deforestation around the country. Prices have been slashed by eight percent from $65 to $59 per to...

By Staff reporter | Published: 31 August 2017

INDUSTRIALS & ENERGY

Govt receives $2.9m dividend from NOIC

The government has received a US$ 2.9 million dividend from one of its entities, the National Oil Infrastructure Company of Zimbabwe (NOIC).The Permanent Secretary in the Ministry of Energy and Power ...

By Staff reporter | Published: 30 August 2017

FINANCIAL SERVICES

BancABC Zimbabwe's 1HFY17 profits rise to $3.2m

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

MINING & RETAIL

Sibanye Stillwater dragged down by gold mines

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

INDUSTRIALS & ENERGY

Supply local foundries, metal producers told

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

MINING & RETAIL

Gold output increases

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

INDUSTRIALS & ENERGY

Oil producers to buy local soya bean

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

TRANSPORT & TOURISM

Tourism and Security Conference postponed

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

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