HWANGE Colliery Company Ltd, the country's largest coal miner, expects to turn profitable upon commissioning of new equipment before year-end, an official said.The company has finalised the acquisitio...
By Staff reporter | Published: 02 July 2014
AIR Namibia has introduced a 112 seater Airbus A319 to service its Harare-Windhoek and Harare-Lusaka routes due to increased demand.The Airbus, which offers both Business class and Economy Class servi...
By Staff reporter | Published: 02 July 2014
Zimbabwe's central bank is considering establishing a body to take over local lenders' non-performing loans and make it easier for them to attract new capital, its governor said on Monday.Several ban...
By Reuters | Published: 02 July 2014
African Consolidated Resources PLC Monday said its deal to buy the Dalny mine in Zimbabwe from Falcon Gold Zimbabwe Ltd has been held back to await formal approval by Falcon Gold shareholders, Allianc...
By Alliance News | Published: 30 June 2014
Mobile network operator Telecel Zimbabwe is seeking $200 million to increase its third generation (3G) network coverage and grow subscriber base to 5,5 million by year end.Telecel is the second larges...
By Staff reporter | Published: 30 June 2014
Zimbabwe Stock Exchange-listed composite financial house Zimre Holdings (ZHL)'s shareholders have approved a repurchase of its stock.In terms of the share buyback the maximum number of shares will not...
By Staff reporter | Published: 30 June 2014
Hwange Colliery Company Ltd (HCCL)'s shareholders have turned down the company's proposed share option scheme in what could be interpreted as a victory for Nick van Hoogstraten who once turned down th...
By Staff reporter | Published: 30 June 2014
DELTA Beverages is refusing to pay a former worker more than U$28 000 in back-pay and damages awarded to him in a labour dispute arguing the payment should have been made in Zimbabwe dollars.In an app...
By Fidelis Munyoro | Published: 30 June 2014
THE Zimbabwe National Chamber of Commerce (ZNCC) president Hlanganiso Matangaidze was last week re-elected the chamber's president for another one year term. His vice-president Davison Norupiri was al...
By Staff reporter | Published: 30 June 2014
CHEAP imports, which pay zero percent duty and a poor performance by General Beltings have combined to put pressure on Zimbabwe Stock Exchange-listed GB Holdings' performance.Performance in the year t...
By Staff reporter | Published: 30 June 2014
Zimbabwe has retained the presidency for Federation of Clearing and Forwarding Associations of Southern Africa (FCFASA) following an annual general meeting which was held in Victoria Falls last week. ...
By Thupeyo Muleya | Published: 30 June 2014
Fidelity Life Assurance of Zimbabwe Limited is expecting its $5 million bond issue to be fully subscribed by the end of this month as many investors have expressed interest in the instrument. As...
By Staff reporter | Published: 30 June 2014
MAKOMO Resources, Zimbabwe's second largest coal miner, intends to build a 600 megawatt plant in Hwange as early as next year, adding to the national power grid while work on the Kariba South Power St...
By Martin Kadzere | Published: 30 June 2014
SEED CO will receive the last tranche of capital amounting to $28 million from its US technical partner Limagrain before end of year under an equity deal valued at $40 million.The funding is expected ...
By Staff reporter | Published: 30 June 2014
Mr. Nyasha Matonda was appointed Chief Executive Officer with effect from 1 June 2014. He was confirmed as an Executive Director with effect from 19 June 2014..
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By WILD | Published: 30 June 2014
Barclays Zimbabwe officially launched its recently introduced Point of Sale (POS) acquiring devices last week in Victoria Falls.Barclays Zimbabwe wanted to visibly demonstrate how this product would s...
By Staff reporter | Published: 30 June 2014
Car assembler, Willowvale Mazda Motor Industries (WMMI), says its vehicles are not compatible with E15 fuel blend and does not warranty cars using such fuel should they develop engine or emission syst...
By Staff reporter | Published: 30 June 2014
Two ZB Financial Holdings companies have been let go by the group after low performance with no hope of clear sign of turning profits.Addressing the group's AGM Non-Executive Director Tendai Mafunda s...
By Staff reporter | Published: 27 June 2014
Bottled water and soft drinks manufacturer Schweppes Zimbabwe says its export business is now active and the company has lined up the Angolan and Democratic Republic of Congo as it spreads its wings i...
By Staff reporter | Published: 27 June 2014
Cottco Group Limited has recorded a significant $6,9 million profit less than it recorded the prior year and is now expecting to start seeing profits in two years.Head of finance Dacyl-Ray Rambanepasi...
By Staff reporter | Published: 27 June 2014
Zimbabwe's largest news media house Zimbabwe Newspapers (1980) Limited's re-capitalisation efforts are nearing full circle and the company expects an improved profitability in FY2014.Group chief execu...
By Staff reporter | Published: 27 June 2014
PIONEER Corporation Africa revenues for the five months to May 2014 were stagnant with the group's performance weighed down by poor performance at Pioneer Transport.Chief executive officer Mr Gary Smi...
By Conrad Mwanawashe | Published: 27 June 2014
A STRUGGLING commercial bank owned by transport minister Obert Mpofu has put most of its staff on unpaid leave as it teeters on the brink of collapse, risking sector wide malaise.According to Reuters ...
By Staff reporter | Published: 26 June 2014
Air Zimbabwe has slashed prices which has seen a reduction in airfares by more than half in its 'Winter price Chill' promotion.Air Zimbabwe on Thursday issued an advert for its promotional fare to Joh...
By Staff reporter | Published: 26 June 2014
Fidelity Life Assurance of Zimbabwe foresees little improvement in the value of their shares within the foreseeable future but remain hopeful of a better performance than last year.Fidelity Life mana...
By Staff reporter | Published: 26 June 2014
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
