TELECOMS & TECHNOLOGY

Borrowdale telephone numbers to change

The country's sole fixed telephone operator, TelOne is currently in the process of digitalizing its network, in a move that will unlock new capacity as well as introduce more technologies and increase...

By Ngoni Shenjere | Published: 21 July 2017

FINANCIAL SERVICES

Zim banking sector growth to slow down

Zimbabwe's financial sector growth is anticipated to slow down to 1,7 percent after bankers smiled all the way to the bank and recorded a 42 percent profit surge last year, data from the World Bank sh...

By Staff reporter | Published: 21 July 2017

FINANCIAL SERVICES

CBZ appoints Board Chairman

The board announces the appointment of Mr. Noah Manomano Matimba as Chairman of CBZ Holdings Board with effect from 18 July 2017. Matimba, an accountant by training, holds amongst other qualifications...

By Ngoni Shenjere | Published: 21 July 2017

TRANSPORT & TOURISM

NRZ suitor offers $2.5bn bid

ONE of the bidders for the National Railways of Zimbabwe (NRZ) recapitalisation programme has pledged to secure up to $2.5 billion towards turning around the parastatal.NRZ board chairman, Mr Larry Ma...

By Staff reporter | Published: 21 July 2017

MINING & RETAIL

Mineral exports exceed $1bn mark

ZIMBABWE'S total mineral export earnings in the first half of the year have exceeded the $1 billion mark as Government and miners move to grow the sector from a $2 billion to a $3 billion a year expo...

By Staff reporter | Published: 21 July 2017

INDUSTRIALS & ENERGY

Tycoons in nasty CFI control battle

When Zimre Holdings Ltd (ZHL)'s Stalap Investments announced its offer to buy out CFI minorities last Friday, an all-out war between British tycoon Nicholas Van Hoogstraten and the Rudland brothers - ...

By Staff reporter | Published: 21 July 2017

TELECOMS & TECHNOLOGY

Econet in Zimbabwe Best Buy Award survey

The ICERTIAS Best Buy Award 2017/2018 survey has shown that Zimbabwe citizens recognise the companies and brands that offer the best price-quality ratio, with the likes of Toyota, Dairibord, OK, KDV, ...

By Agencies | Published: 20 July 2017

TRADE & INDUSTRY

PSMAS directors paid $602 000 last year

PREMIER Medical Aid Society (PSMAS) paid its directors a combined $602 000 last year, making its board better remunerated than listed heavyweights such as Delta Corporation, OK Zimbabwe and Innscor Af...

By Staff reporter | Published: 20 July 2017

FINANCIAL SERVICES

Treasury Bills outstrip banks' equity

THE value of Treasury Bills (TBs) has outstripped bank equity capital by 1,7 times, a new report indicated this week, raising questions over the financial sector's ability to continue absorbing the pa...

By Staff reporter | Published: 20 July 2017

TRANSPORT & TOURISM

Air Zimbabwe set to recruit

AIR Zimbabwe (AirZim) is expected to launch a recruitment drive to replace staff retrenched a fortnight ago, sources said this week.The airline retrenched 200 of its staff two weeks ago under a restru...

By Staff reporter | Published: 20 July 2017

FINANCIAL SERVICES

Barclays shares shoot up after FMB deal

BARCLAYS Bank of Zimbabwe's share price has risen 27 percent since the announcement of its imminent takeover by FMB Capital of Malawi.Britain's Barclays Plc announced the sale of its Zimbabwe unit to ...

By Staff reporter | Published: 20 July 2017

INDUSTRIALS & ENERGY

'Powerspeed on a growth trajectory'

ZIMBABWE stock exchange-listed electrical goods manufacturer and retailer, Powerspeed Electrical, has failed to declare a dividend to shareholders since 2003. The company's chief executive officer Hil...

By Staff reporter | Published: 20 July 2017

INDUSTRIALS & ENERGY

Coca Cola terminates Delta's bottling deal

Delta Beverages yesterday issued a further cautionary statement advising that negotiations with The Coca-Cola Company (TCCC) regarding TCCC's intention to terminate the Bottlers' Agreements with Delta...

By Ngoni Shenjere | Published: 20 July 2017

'Accumulate Zimplow,' says Imara Stockbrokers

Zimplow Holdings Limited released an improved set of numbers showing revenue growth of 77% to $14.7 million for an operating profit of $0.2 million compared to a loss of $1.3 million in the first half...

By Ngoni Shenjere | Published: 20 July 2017

TRANSPORT & TOURISM

NRZ identifies partner

NATIONAL Railways of Zimbabwe (NRZ) has identified an investor to recapitalise the parastatal following the completion of the adjudication process last week where six companies submitted their bids t...

By Staff reporter | Published: 20 July 2017

MINING & RETAIL

Unki output up 10%

PRODUCTION at the country's third largest platinum producer, Unki Mine, increased 10% to 19,500 ounces in the second quarter of 2017, up from 17,800 ounces in the prior comparable period.However, on a...

By Ngoni Shenjere | Published: 20 July 2017

TELECOMS & TECHNOLOGY

Vodacom revenue rises 3.9%

Vodacom's first-quarter revenue grew 3.9% as Africa's largest carrier by market value invested in its network and increased sales of smartphones in South Africa. South Africa revenue growth accelerate...

By Staff reporter | Published: 20 July 2017

TELECOMS & TECHNOLOGY

Taking care of you is our priority

Customer service excellence is and will always remain one of the competitive advantages for any business, more so for us here at ZOL.Our priority is to serve our customers. They are our most important...

By Staff reporter | Published: 20 July 2017

TRANSPORT & TOURISM

CAAZ plans to break-even by 2018

The Civil Aviation Authority of Zimbabwe will aggressively pursue revenue growth initiatives and cost reduction measures with a view to breaking even at the operating level by 2018.This comes after th...

By Staff reporter | Published: 20 July 2017

INDUSTRIALS & ENERGY

Command Agriculture boosts Delta volumes

Delta Corporation lager volumes have stemmed the declining trend in preceding quarters after they recorded a 12 percent growth in the first quarter to June above the comparative period last year.This ...

By Staff reporter | Published: 20 July 2017

TRANSPORT & TOURISM

NRZ targets $3,5 million freight this year

The National Railways of Zimbabwe (NRZ) is targeting to move freight worth $3,5 million and 387 000 passengers this year, a Parliamentary Portfolio Committee has said."In 2017 NRZ said it would transp...

By Staff reporter | Published: 20 July 2017

MINING & RETAIL

Zim small scall miners to surpass 12t gold target

SMALL-scale miners have said they will surpass the 12 tonne gold production target set for this year on the back of increased support from the Government.The mining sector is on a rebound as shown by ...

By Staff reporter | Published: 20 July 2017

LANDS & AGRICULTURE

Milk production to double by 2022

The Zimbabwe Association of Diary Farmers (ZADF) anticipates to double milk production by 2022.This came out at the 4th annual general meeting currently underway in Nyanga.ZADF national chairman Mr Em...

By Staff reporter | Published: 19 July 2017

TRANSPORT & TOURISM

Parly asks Govt to assume NRZ debt

GOVERNMENT must assume the $90 million debt owed to National Railways of Zimbabwe (NRZ) employees by end of September this year, a parliamentary portfolio committee has said.The Parliamentary Portfoli...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Mine Entra kicks-off

Zimbabwe's premier mining exhibition, Mine Entra, has begun in Bulawayo, with a number of issues affecting the industry coming under the spotlight.The mining exhibition began with a Women in Mining Br...

By Staff reporter | Published: 19 July 2017

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