FINANCIAL SERVICES

RTGS transactions in sharp deadline

The value of Real Time Gross Settlement transactions through the NPS declined 21 percent from $1.3 billion in the week ending June 7 2017, data from the central bank shows. In its weekly report for th...

By Staff reporter | Published: 19 July 2017

LANDS & AGRICULTURE

AMA to float $80 million bills for maize purchase

THE Agricultural Marketing Authority (AMA) plans to float $80 million worth of bills to finance the buying of local maize for the 2017 season.During the same period last year, AMA floated an additiona...

By Staff reporter | Published: 19 July 2017

MINING & RETAIL

Mining firms urged to finance share trusts

A parliamentary committee has recommended the amendment of Zimbabwe's indigenisation law to insert a requirement that compels mining firms to contribute at least 25 percent of pledges to community sha...

By Staff reporter | Published: 19 July 2017

LANDS & AGRICULTURE

Govt reduces soya bean imports

GOVERNMENT has put in place measures to control soya bean imports to create a market for local producers of the raw material widely used in the production of edible oils.The move, which took effect la...

By Staff reporter | Published: 19 July 2017

MINING & RETAIL

Zim's reputation on global chrome market at risk

There are fears that Zimbabwe's reputation on the global chrome market could be at risk amid revelations that some miners failed to deliver about 100 000 tonnes of the mineral pre-financed by external...

By Staff reporter | Published: 19 July 2017

FINANCIAL SERVICES

AfrAsia challenges court's decision on RioZim

AfrAsia Bank has filed an appeal at the Supreme Court challenging the High Court's decision to nullify the deed of settlement signed between the bank and mining company RioZim.This comes as the bank l...

By Staff reporter | Published: 19 July 2017

FINANCIAL SERVICES

Econet in court over Ecosure premiums

Zimbabwe Development Party (ZDP) president, Kisinoti Munodei Mukwazhi has dragged global telecommunication giant Econet Wireless to the High Court seeking $500 000 in damages for loss of business due...

By Staff reporter | Published: 18 July 2017

FINANCIAL SERVICES

Cash flood Zimbabwe streets

The public has raised concern over poor monitoring mechanisms by monetary authorities as cash is flooding streets instead of it being in financial institutions.Illegal cash dealers are experiencing a ...

By Staff reporter | Published: 18 July 2017

LANDS & AGRICULTURE

RBZ unveils $50m export facility

Local financial institutions have been implored to assist indigenous tobacco players to access the $50 million export facility set aside by the Reserve Bank of Zimbabwe to boost production of forex ge...

By Staff reporter | Published: 18 July 2017

TELECOMS & TECHNOLOGY

EOH share price plummet on corruption allegations

Technology group EOH's share price plummeted more than 12% at one point on the Johannesburg Stock Exchange on Tuesday as investors took fright at the resurfacing of corruption allegations involving a ...

By Staff reporter | Published: 18 July 2017

MINING & RETAIL

AECI expects 30% rise in earnings

South Africa's explosives and specialty chemicals group AECI advised its shareholders that it expects to report a 30% to 35% increase in its headline earnings per share (HEPS) for the six months ended...

By Staff reporter | Published: 18 July 2017

TELECOMS & TECHNOLOGY

Vodacom minorities vote in favour of Safaricom transaction

The proposed acquisition by Vodacom Group of an effective 35% stake in Safaricom, Kenya's leading integrated communications company, cleared an important hurdle today when Vodacom minority shareholder...

By Agencies | Published: 18 July 2017

MINING & RETAIL

Amplats to report R2.2 billion impairments

South Africa's Anglo American Platinum (Amplats) on Tuesday advised its shareholders to expect a sharp fall in earnings of between 67% and 45% for the six months to June 30.  Amplats will release...

By Staff reporter | Published: 18 July 2017

LANDS & AGRICULTURE

Fires burn 120 tonnes of maize

An estimated 120 tonnes of maize has reportedly been burnt at Burnbank Farm near Mubaira.The incident was a result of a veld fire, according to farm owner Alderman Audrey Hativagone.She told reporters...

By Staff reporter | Published: 18 July 2017

FINANCIAL SERVICES

Govt increases online payment limits

Zimbabwe has increased the limit of the amount of money consumers can use in online payment platforms amid an explosion of online and mobile payment transactions."In line with the goal to encourage th...

By Staff reporter | Published: 18 July 2017

MINING & RETAIL

Retail shop in soup for not banking cash

TOP managers at DCK Supermarket's Gweru branch appeared in court yesterday charged with failing to bank their daily cash receipts in contravention of the Reserve Bank of Zimbabwe's (RBZ) Bank Use Prom...

By Staff reporter | Published: 18 July 2017

FINANCIAL SERVICES

Barclay's Zim sale subject to RBZ approval

THE board of Barclays Bank Zimbabwe (BBZ) says the sale of its local unit to First Merchant Bank of Malawi is subject to statutory regulation and approval by the Reserve Bank of Zimbabwe.In June, Bar...

By Staff reporter | Published: 18 July 2017

MINING & RETAIL

Choppies champions online shopping

CHOPPIES Zimbabwe has partnered with Variable Solutions to champion an innovative online shopping system that enables customers to order goods using the internet.The platform was developed by Kamelee...

By Staff reporter | Published: 18 July 2017

TRANSPORT & TOURISM

ZTA partners models to promote Zim tourism

THE Zimbabwe Tourism Authority (ZTA) has partnered with models whom they believe are the best tourism ambassadors to market the country's destinations locally and internationally.Last week, the touri...

By Staff reporter | Published: 18 July 2017

LANDS & AGRICULTURE

Zimbabwe lures cotton growers with cash

The Cotton Ginners Association of Zimbabwe (CGAZ) has welcomed the Reserve Bank of Zimbabwe's (RBZ) decision to provide $40 cash to seed cotton growers for each bale of cotton they deliver to the Cott...

By Staff reporter | Published: 18 July 2017

INDUSTRIALS & ENERGY

Manyere re-emerges behind six-figure portfolio

George Manyere, the former Brainworks Capital chief executive, has re-emerged in the investment finance field as the controlling shareholder of Johannesburg Stock Exchange-listed Ecsponent group.Ecspo...

By Staff reporter | Published: 18 July 2017

INDUSTRIALS & ENERGY

'Banks propel importation of finished products'

ZIMBABWEAN banks have been accused of allocating foreign currency for the importation of finished garments instead of raw materials, thereby pushing local clothing manufacturers further towards the ed...

By Staff reporter | Published: 18 July 2017

MINING & RETAIL

Zimasco, retrenchees on collision course

Close to 40 former Zimasco (Pvt) Ltd employees in Mutorashanga face eviction from company premises after their ex-employer reneged on a pledge to sell the houses to them.The ex-employees recently accu...

By Staff reporter | Published: 17 July 2017

INDUSTRIALS & ENERGY

Challenges facing the healthcare industry in Africa

Access to basic healthcare services and products remains a challenge throughout significant portions of the world. When many people think of a lack of healthcare and/or the consequences that follow it...

By Agencies | Published: 17 July 2017

MINING & RETAIL

Chrome prices tumble

Tumbling chrome prices have left local miners clutching at hopes of attracting huge investment in the value-addition process of the commodity which requires over half a billion dollars.Small-scale chr...

By Staff reporter | Published: 17 July 2017

Latest News

Latest Published Reports

Latest jobs