General Beltings Limited plans to acquire a $3 million steel cord conveyor belt manufacturing plant as the company angles to increase its market share that is being threatened by the influx of cheap i...
By Staff reporter | Published: 31 March 2014
Trust Bank was on Friday thrown a life line after the High Court ruled that an order placing it under liquidation was defective and lacked any legal force. The bank was placed under provisional liquid...
By Staff reporter | Published: 31 March 2014
CFI's 5 months revenue declined by 9% while margins eased by 1% due to the impact of restrained margins in the poultry and specialized divisions, CE Steve Kuipa told the AGM today.He said the Poultry ...
By Staff reporter | Published: 28 March 2014
First Mutual Holdings group CE Douglas Hoto yesterday reiterated, during an analysts briefing, the need by the company to strengthen its risk management process as part of the transformation process.H...
By Staff reporter | Published: 28 March 2014
Padenga Holdings is targeting strategic cost reduction in the year and is also targeting 80% onward sales as finished skins to the first tier market, group CE Gary Sharp told analysts yesterday."The g...
By Staff reporter | Published: 28 March 2014
NMBZ group CE James Mushore told an analyst briefing yesterday that the group will be pursuing a cautious lending approach in 2014."We will be focusing more on growth sectors. Agriculture due to the g...
By Staff reporter | Published: 28 March 2014
Astra will focus on cost containment strategies in the year to December 2014 and expects the integration with Kansai Plascon's supply chain will save at least 10% of production costs, finance director...
By Staff reporter | Published: 28 March 2014
The Deposit Protection Corporation has so far paid 220 Trust Bank Limited (Trust) depositors following closure of the financial institution last December.However, the compensated account holders repre...
By Staff reporter | Published: 28 March 2014
PEARL Properties intends to spend as much as $100 million on the development of land it recently bought in Mt Pleasant in the medium term, a company official said yesterday.The company paid $9,6 milli...
By Business Reporter | Published: 28 March 2014
NMBZ Holdings says it has put in place measures to manage non-performing loans which affected its bank's performance, resulting in a record a loss of $3,3 million for the year to December 31, 2013.Gro...
By Conrad Mwanawashe | Published: 28 March 2014
Astra Industries, the country's leading paint manufacturer recorded a marginal 11 percent increase in profit for the year ended December 31, 2013 due to the company's cost containment strategies.Profi...
By Business Reporter | Published: 28 March 2014
Bindura Nickel Corporation could turn its smelter and refinery into precious metals refinery with a few modifications and refurbishment, managing director Mr Batirai Manhando said.Mr Manhando said the...
By Golden Sibanda | Published: 28 March 2014
Standard Chartered bank Zimbabwe recorded a 47 percent decline in their profit before tax for the year end 31 December 2013 which as at $13,2 million a drop from 2012 same period's profit of $23,5mill...
By Staff reporter | Published: 27 March 2014
Rader Holdings Limited recorded a 30 percent rise in the profit for the year end December 31, 2013 from the previous period profit of $229 000 to the period under review profit which stands at $299 00...
By Staff reporter | Published: 27 March 2014
Zimbabwe could become the world's first country to have vehicles that run entirely on ethanol, parliamentarians heard today.Green Fuel general manager Graeme Smith told the parliamentary portfolio com...
By Staff reporter | Published: 27 March 2014
African Banking Corporation will be focusing on raising capital for its various subsidiaries and improve loan book management, group CE Doug Munatsi told an analyst briefing yesterday."We are actively...
By Staff reporter | Published: 27 March 2014
Masimba Holdings is determined to see a profitable construction and growth at Proplastics after recording a 9% drop in sales volumes ,group CEO Canada Malunga told an analyst briefing yesterday."We ar...
By Staff reporter | Published: 27 March 2014
VUMBACHIKWE Gold mine in Gwanda has been forced to cease operations amid revelations the mine failed to comply with an order from the Environmental Management Agency (EMA) to protect the environment S...
By Staff reporter | Published: 27 March 2014
CHOPPIES Enterprises Limited has taken over Solomons Supermarket in Bulawayo as it continues to expand its supermarket chain, in a deal expected to create more jobs particularly for the city's unemplo...
By Staff reporter | Published: 27 March 2014
ZIMBABWE is courting China Power Investment Corporation to invest in the $2,2 billion Sengwa Thermal Power Station in Gokwe, Finance Minister Patrick Chinamasa has said."We have held meetings with CPI...
By Business Reporter | Published: 27 March 2014
Listed construction firm Masimba Holdings Ltd is strengthening its presence in the region and aiming to double its exports this year.Masimba chief executive officer Canada Malunga told analysts this a...
By Staff reporter | Published: 26 March 2014
Zimbabweans do not understand how banking systems work hence they usually get a raw deal from bankers who take advantage of their ignorance.Addressing parliamentarians recently, Bankers Association of...
By Staff reporter | Published: 26 March 2014
The Tobacco Industry and Marketing Board says more than 28 million kilogrammes of tobacco have been delivered to all the country's auction floors since the beginning of the marketing season, a 16 perc...
By Staff reporter | Published: 26 March 2014
ABC Holdings (ABCH) seeks $360 million to capacitate it to be lender-of-last-resort to its banking subsidiaries.This comes as last year the group secured $135 million in lines of credit out of which $...
By Staff reporter | Published: 26 March 2014
Newly appointed Reserve Bank of Zimbabwe governor John Mangudya must stick to central bank's advisory role to government and regulation of the financial sector, economists say. They said apart from fa...
By Staff reporter | Published: 26 March 2014
Chiwenga takes fresh swipe at Wicknell Chivayo 
Mnangagwa delivers stark warning 
Goodyear shutters multiple global plants 
ZSE pushes for another equities tax cut to boost selloffs 
Zimbabwe's forex receipts jump 23% 
Unifreight shifts focus towards cross-border 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
