Air Zimbabwe (Airzim) has, with immediate effect, retrenched 200 workers as part of its ongoing restructuring exercise to bring the national airline back to viability.Out of 28 managers, only 12 were ...
By Staff reporter | Published: 12 July 2017
RIOZIM Limited has decided not to honour an ostensible $4,5 million debt owed to AfrAsia Bank, which is presently in liquidation, after it emerged the financial institution could have unfairly bloated...
By Staff reporter | Published: 12 July 2017
SECONDHAND clothing continues to flood the Zimbabwean market, taking a significant share of the clothing market and leaving local manufacturers teetering on the brink of collapse, an industry official...
By Staff reporter | Published: 12 July 2017
LISTED Turnall Holdings Limited is yet to secure an investor to give a lifeline to its operations, with revelations the firm's debt restructuring exercise will be completed by the end of August.The co...
By Staff reporter | Published: 12 July 2017
The Reserve Bank of Zimbabwe (RBZ) has revised downwards registration fees for bureaux de change operators to enhance the ease of doing business and foster financial inclusion.Concerned with the limit...
By Staff reporter | Published: 12 July 2017
The local motor industry is reeling under serious challenges which have forced most assembling firms to scale down operations.The influx of grey imports is proving to be a major challenge for the indu...
By Staff reporter | Published: 11 July 2017
LOCAL detergent dealer, ZimKings Trading, says it plans to commission a $15 million washing powder plant in the next two months in a move likely to significantly reduce the country's import bill.ZimKi...
By Staff reporter | Published: 11 July 2017
THE INSURANCE and Pension Commission (Ipec) says the proposed Insurance Bill, set to harmonise the Insurance and Pensions Commission Act with the Insurance Act and the Pensions as well as the Providen...
By Staff reporter | Published: 11 July 2017
BULAWAYO City Council (BCC) has turned down a joint venture housing project proposed by FBC Building Society for the development of residential stands to ease the housing backlog, latest council minut...
By Staff reporter | Published: 11 July 2017
Zimbabwe is poised to become one of the largest lithium producers in the world due to increased global demand.The investment-starved country produced 900 tonnes of lithium in 2015, with top producer A...
By Staff reporter | Published: 11 July 2017
SPAR Zimbabwe plans to open three supermarkets before the end of this year, bringing the number of new operations it opened during the year to five.According to Spar Zimbabwe managing director, Terren...
By Staff reporter | Published: 07 July 2017
Dubai-based Albwardy Investment (Albwardy) group has abandoned its plans to take over diversified Zimbabwean hospitality group, Meikles Limited.Discussions for the possible takeover had been going on ...
By Staff reporter | Published: 07 July 2017
The latest Land Rover Discovery unveiled in Harare last week is a vehicle which over the last four generations has given a new meaning to adventure. Premier Auto Services, a local Land Rover dealer as...
By Staff reporter | Published: 07 July 2017
Former Industry and International Trade minister Nkosana Moyo has resigned from South Africa's Impala Platinum, the world's second largest platinum producer and Zimplats' parent company, as an indepen...
By Ndou Paul | Published: 07 July 2017
Econet Wireless Zimbabwe has moved to effectively remove roaming charges through Econet Plus, a new product that allows Econet customers to make calls from anywhere in the world at local call charges....
By Staff reporter | Published: 06 July 2017
Kumba Iron Ore Limited today announced the appointment of Mr Bothwell Mazarura as Chief Financial Officer and Executive Director, effective 1 September 2017.Bothwell holds a Bachelor of Accounting Sci...
By Staff reporter | Published: 06 July 2017
Beverages manufacturer Mutare Bottling Company (MBC) has retrenched 61 employees.Managing director Allen Lang said MBC was cutting back on staff at the main plant and at its Rusape depot as it stream...
By Staff reporter | Published: 06 July 2017
THE Joe Mutizwa-led board of starafricacorporation (starafrica) appears to be finally turning the corner in its quest to transform the fortunes of the beleaguered business, which has reported signific...
By Staff reporter | Published: 06 July 2017
SIMBISA Brands, the Africa-focused fast foods business, is focusing on Zimbabwe and Kenya in its expansion drive, according to the London-based research firm, Exotix Capital, which recently held disc...
By Staff reporter | Published: 06 July 2017
ZIMRE Property Investments (ZPI) suffered a 15 percent revenue decline and 10 percent projects income dip during the first quarter of 2017 compared to the prior period the previous year, as the Zimba...
By Staff reporter | Published: 06 July 2017
ZIMRE Holdings Limited (ZHL) has begun rebranding its reinsurance unit to bring its regional operations under Emeritus International, a Botswana-based holding company, the Financial Gazette can repor...
By Staff reporter | Published: 06 July 2017
ZIMBABWE Stock Exchange (ZSE) listed gold miner, Falcon Gold Zimbabwe, says the future of its remaining two mines in the country is uncertain due to a deteriorating economic environment, characterised...
By Staff reporter | Published: 06 July 2017
NATIONAL Building Society (NBS) managing director, Ken Chitando, has been sent on three months forced leave to pave way for an audit into the bank's financial accounts, after indications that the one...
By Staff reporter | Published: 06 July 2017
LOW-COST airline fastjet has acquired all intellectual property rights associated with the fastjet brand from the easyGroup with effect 29 June 2017 as the airline seeks to consolidate its presence in...
By Staff reporter | Published: 06 July 2017
Zimbabwe's second largest mobile network operator by subscriber numbers, NetOne, has engaged creditors with a view to restructuring its legacy loans which are choking the business, the company has sai...
By Staff reporter | Published: 06 July 2017
Zimra imposes US$2m penalty on OK Zimbabwe 
South Africa ripe for a coup 
India dumps US Treasury bills 
Zimbabwe's dollar stock exchange surges 45% 
Gold edges up as traders await guidance 
fastjet introduces Bulawayo-Victoria Falls flights 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
