LANDS & AGRICULTURE

Tobacco selling season opens

The 2014 tobacco selling season will open today with 47 percent of the crop expected to come from communal farmers. Stakeholders have expressed confidence that the 2014 selling season would surp...

By Staff reporter | Published: 21 February 2014

TRANSPORT & TOURISM

CAAZ prejudiced of landing fees

The Civil Aviation Authority of Zimbabwe lost hundreds of thousands of United States dollars through undercharging landing fees for airlines using Harare, Victoria Falls and Joshua Nqabuko internatio...

By Staff reporter | Published: 21 February 2014

INDUSTRIALS & ENERGY

Improved performance from Chemco

For FY 2013, Chemco posted an improved operating performance following the restructuring of the company. The operating loss reduced by 83% to $153,256. Net gearing deteriorated to an untenable 1...

By Staff reporter | Published: 21 February 2014

TELECOMS & TECHNOLOGY

Zimbabwe to stage e-Tech Africa Expo

Zimbabwe's Ministry of Information Communication Technology (ICT), Postal and Courier Services will stage an e-Tech Africa expo conference and exhibition from 11 - 14 March 2014.The theme for this ye...

By BizTechAfrica | Published: 21 February 2014

TELECOMS & TECHNOLOGY

Telecel denies rumours of disinvestment in Zimbabwe

Global telecoms operator Telecel International has denied rumours that it is pulling out of Zimbabwe. The company on Monday dispelled reports that it was shutting down because it was reluctant to pay...

By BDLive | Published: 21 February 2014

INDUSTRIALS & ENERGY

Meikles warns of Zimbabwe deflationary period

Meikles has warned of a deflationary period in Zimbabwe as it takes legal action against the Reserve Bank of Zimbabwe and Ministry of Finance and Economic Development to recover funds held on deposit...

By stockmarketwire.com | Published: 21 February 2014

LANDS & AGRICULTURE

Ariston anticipates improvement in profits

Ariston is anticipating a substantial improvement in profits from the majority of its business units, namely Claremont Estates which produces pome and stone fruit, Southdown Estates which farms tea, ...

By Staff reporter | Published: 21 February 2014

TELECOMS & TECHNOLOGY

ZBC board chairman's appointment withdrawn

Information, Media and Broadcasting Services Minister Jonathan Moyo has withdrawn Dennis Magaya's appointment as Zimbabwe Broadcasting Corporation board chair for his alleged involvement in salary an...

By Staff reporter | Published: 21 February 2014

MINING & RETAIL

Depressed demand hits Meikles

Meikles Limited says depressed consumer demand in the country has hit its departmental retail stores. Group chairman John Moxon said trading in their supermarkets, particularly in groceries, has...

By Staff reporter | Published: 21 February 2014

TRANSPORT & TOURISM

Zim re-engages Europe, America tourism markets

Zimbabwe seeks to reengage the European and Americas tourism markets as part of efforts to boost depressed tourist receipts. This comes as President Mugabe's administration had in the early 2000...

By Staff reporter | Published: 21 February 2014

FINANCIAL SERVICES

Ecobank seeks capital, pursues acquisitions

Togo-based Ecobank International - owners of Ecobank Zimbabwe Limited (EZL) - plans to embark on a capital raising exercise and could also be considering mergers and acquisitions in the financial sec...

By Staff reporter | Published: 21 February 2014

INDUSTRIALS & ENERGY

Cambria anticipates growth

Zimbabwe-focused London Alternative Investment Market-listed Cambria Africa Plc says it is excited about the prospects at Millchem Holdings and PayServe Africa. In a trading update last month, t...

By Staff reporter | Published: 21 February 2014

MINING & RETAIL

Zim shortlists two firms for platinum refinery

Government will soon announce the winning bidder for the establishment of a platinum refinery in the country, Mines and Mining Development Minister Walter Chidhakwa has said. The plant will see ...

By Staff reporter | Published: 21 February 2014

MINING & RETAIL

Meikles to expand footprint in mining

Meikles Limited is set to expand its footprint into the mining sector after it announced that it had concluded a chrome opportunity and had identified its first gold project. Well placed source...

By Staff reporter | Published: 21 February 2014

MINING & RETAIL

Mimosa eyes increased output

Zvishavane-based platinum miner, Mimosa Mining Company has said it will increase production of the white metal to 110 000 ounces in the full year to June 2014, as it forges ahead with its expansion pr...

By New Ziana | Published: 17 February 2014

TRANSPORT & TOURISM

Tourism $5bn target faces hurdles

Tourism ministry's aim to contribute $5 billion towards the country's gross domestic (GDP) product by 2018 faces new hurdles posed by government's  restrictive policies.Last year, Zimbabwe intro...

By Staff reporter | Published: 17 February 2014

TRANSPORT & TOURISM

Tourism operators rebuke new tax law

Stakeholders in tourism industry  last week called on the ministry of Finance to stop the implementation of the 15% value added tax (VAT) on international arrivals, saying the new measure was cou...

By Staff reporter | Published: 17 February 2014

INDUSTRIALS & ENERGY

Ariston to focus on harvesting, says Spears

Ariston Holdings Limited will focus on a successful harvesting and sale of the substantially increased major produces, CE Paul Spear told the AGM on Friday."We're just at the beginning of a very busy ...

By Staff reporter | Published: 17 February 2014

TELECOMS & TECHNOLOGY

ZBC to miss 2015 digitalisation deadline

STRUGGLING broadcaster, Zimbabwe Broadcasting Corporation (ZBC), will not be able to meet the international digitalisation deadline of 2015 if government does not avail funds, Parliament heard last we...

By Staff reporter | Published: 17 February 2014

BUSINESS NEWS

PSMAS board dissolved

The Premier Service Medical Aid Society board of directors on Friday dissolved itself with immediate effect. Chairperson Luxon Zembe; his deputy Newton Mhlanga; Advocate Moses Mtombeni; Secretary for ...

By Staff reporter | Published: 17 February 2014

INDUSTRIALS & ENERGY

Mushayavanhu bags Zuva Petroleum

Businessman and FBC Holdings group chief executive officer John Mushayavanhu has successfully purchased Zuva Petroleum - former BP & Shell assets - from Masawara. This was after regulatory authori...

By Staff reporter | Published: 17 February 2014

BUSINESS NEWS

Allied Bank to sell shares

ALLIED Bank is considering recapitalising through a placement of shares to potential investors, failure of which it will downgrade its banking license to a deposit taking micro-finance institution."T...

By Staff reporter | Published: 17 February 2014

INDUSTRIALS & ENERGY

Ariston recap pays off

Ariston Holdings says there has been significant uplift in output on all farms with a lot more potential going forward as the group’s rehabilitation programme begins to pay off. Giving an update of ...

By Staff reporter | Published: 17 February 2014

INDUSTRIALS & ENERGY

Sound results for Afdis

African Distillers (Afdis) Limited turnover grew by 11%, whilst volumes declined by 2% in 2013, owing to the tough economic environment, the company said in a commentary accompanying its half year res...

By Business reporter | Published: 17 February 2014

FINANCIAL SERVICES

Remo ruling presents dilemma

A High Court ruling that Interfin Securities (Private) Limited (Interfin) must return Remo Investment Brokers (Private) Limited (Remo)'s shares worth $3,3 million has presented market regulators and Z...

By Staff reporter | Published: 14 February 2014

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