Bob Diamonds' Atlas Mara Co-Nvest is set to acquire for cash or shares, ABC Holdings shares representing 50.1% of the total shares issued at a price of 82c per share or the equivalent in Atlas Mara sh...
By Staff reporter | Published: 31 March 2014
Pioneer Corporation's revenue is expected to increase by at least $21 million in 2014 after the incorporation of the business assets and liabilities of Unifreight Limited in December 2013, group actin...
By Staff reporter | Published: 31 March 2014
The successful courting of an investor by Allied Bank Limited will have a significant bearing on its operations and continuation as a going concern.Allied Bank is among seven banks being monitored by ...
By Staff reporter | Published: 31 March 2014
Listed engineering firm ZECO Holdings has remained stuck in the red after posting a loss of $3,3 million for the year ended December 31 2013 due to high operating costs.The $3,3 million loss was the s...
By Staff reporter | Published: 31 March 2014
Hwange Colliery Company experienced a huge dive in profits as the company continues to sag under huge debts which it is failing to pay off.For the year to December 31 2013 the company recorded a loss ...
By Staff reporter | Published: 31 March 2014
Metbank is seeking to introduce mortgage finance as the bank seeks to revive the bank's profitability.The bank's chairman Wilson Manase said the new business line would be launched in the latter part ...
By Staff reporter | Published: 31 March 2014
African Consolidated Resources, which is on the verge of beginning what it terms the country's largest open cast gold operation, recently fired its chief executive officer, Craig Hutton, under unclear...
By Staff reporter | Published: 31 March 2014
National Blankets Limited is slowly emerging out of the woods as it has managed to acquire adequate raw materials to underpin its three-month turnaround programme. The blanket maker was placed under j...
By Staff reporter | Published: 31 March 2014
Dawn Properties Limited, which has gradually come under the orbit of new investors under the Brainworks banner, has put some of its prime properties - Great Zimbabwe Hotel, Hwange Safari Lodge and the...
By Staff reporter | Published: 31 March 2014
First Mutual Holdings Limited (First Mutual) has declared its first dividend of $0,01 per share since dollarisation in 2009.This comes as most companies have struggled to pay dividends following adopt...
By Staff reporter | Published: 31 March 2014
THE $100 million interbank loan facility granted to Zimbabwe by the Africa Export and Import Bank (Afrexim Bank) will not solve Zimbabwe's liquidity challenges, economists say.Analysts said recapita...
By Staff reporter | Published: 31 March 2014
Turnall Holdings Limited recently managed to tie up $8 million worth of deals with South African construction companies, raising expectations that the firm will be able to dig itself out of the curre...
By Staff reporter | Published: 31 March 2014
RIO Zim gold unit, the Cam & Motor will start operations in the second half of the year after signing an engineering procurement and construction contract, the company said. "A new mining op...
By Staff reporter | Published: 31 March 2014
CFI HOLDINGS says trading performance deteriorated in the 5 months ended 28 February with revenue declining by 9 percent to $39,4 million, a company official has said. Goup chief executive officer Mr ...
By Staff reporter | Published: 31 March 2014
Padenga Holdings, a Zimbabwe Stock Exchange listed company, will double the sale of alligator skins in this financial year at its American operation, Lone Star, and at the same time focus on increasin...
By Staff reporter | Published: 31 March 2014
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
Mutodi apologises to Guvamatanga 
South African ambassador falls to death from Paris hotel room 
India dumps US Treasury bills 
Zimbabwe's dollar stock exchange surges 45% 
Gold edges up as traders await guidance 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
