INDUSTRIALS & ENERGY

Masawara in TA minorities buyout

Jersey-registered and London-listed Masawara is set to extend its control of Zimbabwe's largest holding company, TA Holdings by buying out minority shareholders in the group. Masawara - an investment ...

By Staff reporter | Published: 21 July 2014

BUSINESS NEWS

Coca-Cola empowers Zimbabwe women

Coca-Cola's assistant brand manager Vee Sibanda says at least 1,300 Zimbabwean female entrepreneurs have been empowered under its 5by20 empowerment programme. The programme seeks to address the most c...

By Charity Ruzvidzo | Published: 21 July 2014

MINING & RETAIL

Makomo Resources expects rise in production

MAKOMO Resources Limited has started commissioning its coal washing machine, with production expected to rise three-fold, a senior company official said last week.The coal washing plant is a facility ...

By Martin Kadzere | Published: 21 July 2014

INDUSTRIALS & ENERGY

Soft drink wage dispute reaches deadlock

The wage dispute between the soft drink manufacturing employees union and manufacturing employers association has reached a deadlock on the issue of wage increase forcing the two parties to approach t...

By Tinashe Makichi | Published: 21 July 2014

MINING & RETAIL

TM launch million dollar promotion

Meikles Limited retail arm, TM Supermarkets has launched a promotion worth over $1 million as the supermarket chain seeks to grow revenues and position in the retail sector. The promotion dubbed, TM a...

By Business Reporter | Published: 21 July 2014

TELECOMS & TECHNOLOGY

NetOne courts Zesa to boost subscriber base

Mobile network provider, NetOne says the ZESA pre-paid electricity vending platform through its mobile money service One wallet has potential to grow the subscriber base and push volumes.  In an ...

By Nelson Gahadza | Published: 21 July 2014

INDUSTRIALS & ENERGY

Makomo plans $1,5bn power plant

Makomo Resources (Pvt) Ltd, Zimbabwe's largest coal producer by output, said it plans to spend $1,5 billion on a 600-megawatt power plant and will also start exporting coal to steelmakers in southern ...

By Bloomberg. | Published: 21 July 2014

MINING & RETAIL

Meikles workers to control trust

MEIKLES workers say they are being sidelined in the Employee Share Ownership Trust but the company says the workers will this year take over the scheme following the lapse of the two-year period for t...

By Staff reporter | Published: 21 July 2014

MINING & RETAIL

Pick n Pay spreads to Gweru

ONE of the country's biggest retail chain groups, TM Supermarket, is set to close its Gweru Branch supermarket and reopen at another site under the Pick n Pay brand in the city.Pick n Pay, a South Afr...

By Lovemore Zigara and Timothy Makhohliso | Published: 21 July 2014

TELECOMS & TECHNOLOGY

Econet subscribers pass 9 million mark

Econet grew its subscribers by 4,1 percent in the first quarter of the calendar year to just over 9 million taking its market share to 65,3 percent.However, industry wide, mobile operators' revenue in...

By Business Reporter | Published: 21 July 2014

TELECOMS & TECHNOLOGY

NetOne reincarnates the call box

NetOne has reinvented the old "callbox". This is a public telephone system that used to be operated by the then Post and Telecommunications Corporation, through the introduction of their own network b...

By TechnoMag | Published: 21 July 2014

TELECOMS & TECHNOLOGY

Telecel introduces debit card

Telecel Zimbabwe has become the first mobile phone operator to issue debit cards for its Telecash subscribers after it introduced a debit card which can be used to pay for goods or for withdrawals.The...

By Business Reporter | Published: 21 July 2014

INDUSTRIALS & ENERGY

United Refineries to increase oil production

UNITED Refineries Ltd, a Bulawayo-based agro processor is set to raise cooking oil output due to improved availability of cotton seed while it intends to resume stock feed production.Managing director...

By Staff reporter | Published: 21 July 2014

INDUSTRIALS & ENERGY

David Whitehead to resume operations

TEXTILE firm David Whitehead will resume operations in the next two months after the completion of maintenance work and the procurement of working capital support, the company's judicial manager Knowl...

By Martin Kadzere | Published: 21 July 2014

FINANCIAL SERVICES

New franchise business to add value to FML

FIRST Mutual Life's new franchise business is expected to contribute about 13 percent of budgeted new business to the company's premium income across all lines, an official has said.Launching the inau...

By Business Reporter | Published: 21 July 2014

INDUSTRIALS & ENERGY

Turnall unveils Ravenna concrete tiles

MINISTER of Industry and Commerce, Honourable Mike C Bimha, officially launched the Turnall Ravenna Concrete Tiles and Pavers at an event held at the group's premises in Southerton, Harare last month....

By Staff reporter | Published: 21 July 2014

MINING & RETAIL

Blanket Mine gold production up

CALEDONIA Mining Corp said gold production at its Zimbabwean unit, Blanket Mine, rose in the quarter to June but the group has revised downwards the projected output for 2014.Production at  Blank...

By Business Reporter | Published: 21 July 2014

TELECOMS & TECHNOLOGY

'Jane Mutasa is not a Telecel shareholder'

Telecel Zimbabwe (Private) Limited management has denied claims that its suspended chairperson Jane Mutasa is still a shareholder.This follows a court application by the businesswoman demanding compan...

By Staff reporter | Published: 15 July 2014

MINING & RETAIL

ZMDC mulls oxide ore mining

The Zimbabwe Mining Development Corporation (ZMDC) is considering undertaking feasibility studies to ascertain the viability of open cast oxide ore mining at its Zvishavane-based Sabi Gold Mine at an ...

By Staff reporter | Published: 15 July 2014

INDUSTRIALS & ENERGY

Zesa owed $400 million

Power utility company Zesa Holdings is owed over $400 million with the major chunk of the debt held by domestic consumers who received a blanket amnesty just before the harmonised polls last year, par...

By Staff reporter | Published: 15 July 2014

TRANSPORT & TOURISM

Emirates boosts baggage from Harare

Emirates Airlines has increased its economy class checked baggage allowance by a third, bringing it into line with the business class offering.The generous 40kg economy class baggage allowance, increa...

By Staff reporter | Published: 15 July 2014

MINING & RETAIL

$26m for BNC smelter

Bindura Nickel Corporation (BNC) Limited says it requires about $26 million to restart its smelter project, expected to improve payability and profits.Speaking at an analyst briefing on Monday, BNC fi...

By Staff reporter | Published: 15 July 2014

INDUSTRIALS & ENERGY

Zesa exports 150MW of power to Namibia

Zesa Holdings will for the next 10 months be exporting power to Namibia as part of settling the $40m debt acquired from NamPower in 2009.Zesa Holdings chief executive Josh Chifamba told the parliament...

By Staff reporter | Published: 15 July 2014

INDUSTRIALS & ENERGY

General Motors targets Zimbabwe growth

CAR Manufacturer General Motors South Africa has identified Zimbabwe as one of its key growth markets in Africa as it targets increasing new vehicle sales on the continent.GMSA vice president for oper...

By Arnold Mutemi | Published: 15 July 2014

TRANSPORT & TOURISM

ZTA hails domestic flight resumption

The planned resumption of the Harare-Kariba-Victoria falls flight by Air Zimbabwe is a positive development towards the enhancement of business and internal distribution of tourists, an official has s...

By Charity Ruzvidzo | Published: 15 July 2014

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