TELECOMS & TECHNOLOGY

MTN expects to report positive numbers

Africa's largest telecoms company, MTN, expects to report positive numbers in its interim financial results for the six months to end-June 2017.The telecommunications provider projects basic headline ...

TELECOMS & TECHNOLOGY

Iflix Africa, Kwesé team up

Iflix Africa and Econet media team up to bring subscription video on demand (SVOD) services to sub-Saharan Africa. Iflix is the world's leading Internet TV service for emerging markets and Econet Med...

TRANSPORT & TOURISM

Miss Tourism Zim on fastjet's Magazine cover

fastjet's reimagined in-flight magazine Places this month features Miss Tourism Zimbabwe 2016 Ashley Morgen on the cover. Dressed by celebrated South African designer Khosi Nkosi and photographed by ...

MINING & RETAIL

Zimplats' revenue rise 9%, production up 17%

Zimbabwe Platinum Mines (Zimplats) increased its revenue by 9% from the previous quarter mainly due to the 16% increase in 4E metal sales volumes, which was partly offset by a general decrease in meta...

MINING & RETAIL

TM Pick N Pay job cuts will not affect Zimbabwe

TM Pick N Pay Zimbabwe says the 3 500 job cuts from South Africa's Pick N Pay retail giant will not affect Zimbabwean operations.Pick N Pay South Africa is cutting jobs after the retailer flagged down...

FINANCIAL SERVICES

DPC sues failed banks' executives

THE Deposit Protection Corporation (DPC) has started taking legal action against shareholders and directors of banks whose institutions failed due to poor corporate governance.DPC chief executive offi...

MINING & RETAIL

Mines portfolio chair accused of receiving bribes

Norton representative Mr Temba Mliswa yesterday accused chairman of the Portfolio Committee on Mines and Energy Daniel Shumba of receiving bribes from Sakunda Holdings chief executive officer Kudakwas...

FINANCIAL SERVICES

Getbucks $30m issue under subscribed

Financial services provider, GetBucks MicroFinance Limited (GetBucks) said yesterday its pace setting $30 million debt security has been under subscribed forcing the company to adopt another route to ...

SA consortium raise $400m for NRZ recap

A BUSINESS consortium comprising of South Africa's Transnet and the Diaspora Infrastructure Development Group (DIDG) has reportedly won a bid to partner the National Railways of Zimbabwe (NRZ) in a $4...

INDUSTRIALS & ENERGY

BAT faces UK probe over African bribe report

British American Tobacco Plc faces a formal probe by the UK's Serious Fraud Office following reports that the maker of Dunhill cigarettes bribed African government officials to influence tobacco le...

BUSINESS NEWS

Funeral assurance industry net profit up 56%

The funeral assurance sector registered a 56 percent growth in net profit to $2,54 million for the year ended March 2016 as claims dropped, the industry regulator said on Monday.Insurance and Pensions...

FINANCIAL SERVICES

GetBucks shifts to tap issue after slow uptake

GetBucks MicroFinance Bank Ltd says it will now issue the second series of its bond listing by way of a tap issue after low uptake.The second series of its medium-term note listing was aimed at raisin...

LANDS & AGRICULTURE

CZI initiate study on soya-bean value chain

The Confederation of Zimbabwe Industries in conjunction with the Zimbabwe Economic Policy Analysis and Research Unit have begun a study on soya value chain that is expected to ascertain the linkages w...

BUSINESS NEWS

'We notified ZSE,' says Van Hoog

British tycoon Nicholas Van Hoogstraten says his investment vehicle - Messina Investments - notified the Zimbabwe Stock Exchange (ZSE) of its intention to buy out CFI Holdings minorities despite clai...

CONSTRUCTION & PROPERTY

Dangote sales volume increase 12.6%

Dangote Cement, Africa's largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa.  In t...

MINING & RETAIL

RMB, Investec swoop on Choppies-related firms

THE private equity units of Rand Merchant Bank (RMB) and Investec Asset Management are tying up a multi-million-pula deal to buy 10 Botswana companies that are mostly suppliers to the Choppies Group a...

MINING & RETAIL

Govt to dispatch team to resolve chrome disputes

FIERCE jostling over chrome mining claims has gripped the Midlands province as calls intensify for Government to intervene and restore sanity in the sector.With prospects for improved chrome prices on...

INDUSTRIALS & ENERGY

Shepco needs $2m for retooling

A LOCAL mining and industrial equipment manufacturer, Shepco Group, needs about $2 million for retooling so as to expand its operations.The engineering firm operates two divisions - Shepco Industrial ...

MINING & RETAIL

Gold output rises

SMALL-scale miners' gold deliveries to Fidelity Printers and Refiners rose to 1 045 kilogrammes in June 2017 from 874.9kgs in May surpassing monthly output by primary producers for the first time in s...

LANDS & AGRICULTURE

Cotton output to be lower than expected

Zimbabwe's cotton output will be lower than expected this year due to a number of factors including excessive rains, which have made crop management and pest control a challenge.The country was expect...

FINANCIAL SERVICES

RTGS transactions recover

The value of RTGS transactions through the NPS increased by three percent from $1.10 billion to $1.13 billion in the week ending July 14, 207, central bank data shows. In its weekly report for the per...

MINING & RETAIL

Pick n Pay slashes 3500 jobs

Pick n Pay has cut 3500 jobs as part of a voluntary severance programme the retailer started in April to save costs amid a recession.The job cuts - equal to 10% of the retailer's total workforce of 35...

INDUSTRIALS & ENERGY

Delta owes AB InBev more than $40 million

Anheuser-Busch (AB) InBev is owed more than $40m in dividend payments from its Zimbabwean associate Delta Corporation, as the foreign currency crisis in that country worsens.Speaking on the sidelines ...

TELECOMS & TECHNOLOGY

MultiChoice caught up in Zimbabwe crisis

MultiChoice Zimbabwe has been caught up in the country's foreign currency crisis, threatening service provision to DStv viewers in the country. The pay per view subscribers have been struggling to pay...

FINANCIAL SERVICES

IPEC focuses on funeral assurance companies

The Insurance and Pension Commission has come up with a micro-insurance framework which provides for less stringent registration requirements as the commission works on reducing unregistered funeral a...