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, ...

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...

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...

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...

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 ...

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...

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...

'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...

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...

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...

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...

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...

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...

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 ...

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...

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 ...

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...

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...

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...

LANDS & AGRICULTURE

Zimbabwe bans maize imports

The government has with immediate effect banned all maize imports and the issuance or renewal of import licences for maize has also been stopped forthwith.After reviewing the state of maize deliveries...

TRANSPORT & TOURISM

New Zimbabwe tourism attractions on cards

Zimbabwe is set to develop new and unexplored tourism attractions to enhance its chances of making the sector a $5 billion economy by 2020.The initiative is part of the National Tourism Master Plancra...

TELECOMS & TECHNOLOGY

NetOne eyes new investment initiatives

ZIMBABWE'S second largest mobile network operator by subscriber numbers, NetOne, is set to embark on new investment initiatives running into hundreds of millions of dollars upon completion of its $219...

Tito Mboweni resigns from PPC Board

South African cement producer Portland Pretoria Cement (PPC), which is the parent company of PPC Zimbabwe, has advised its shareholders that Mr Tito Mboweni, an independent non-executive director, and...

INDUSTRIALS & ENERGY

Zimbabwe shoe company eyes Sadc market

Bulawayo shoe manufacturing company, Millennium Footwear, is exploring export opportunities in the Southern African Development Community (Sadc) region following the collapse of the local consumer bas...

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...