TELECOMS & TECHNOLOGY

Econet launches platform for free education websites

Mobile telecommunications company Econet Wireless on Tuesday launched a platform that provides free access to over 50 educational websites.The company, which has invested millions in support of educat...

By New Ziana | Published: 05 March 2014

INDUSTRIALS & ENERGY

Innscor changes share transfer secretaries

ZSE-listed Innscor Africa Limited has transferred its share transfer secretarial services to Corpserve Registrars Limited.The change is with effect from March 1 2014. A share transfer secretary is res...

By Staff reporter | Published: 05 March 2014

LANDS & AGRICULTURE

Zimplow pleased with restructuring

Zimplow CE Zondi Kumwenda told an analysts briefing today that they are pleased by the group's structure which emerged after the restructuring last year and they are "now focused on the businesses the...

By zfn | Published: 05 March 2014

INDUSTRIALS & ENERGY

Truworths' in-store card boosts sales

Truworths' in-store card which was launched in October 2013 has boosted the group's sales and contributed to cash generation, CE Themba Ndebele told an analysts briefing yesterday.Retail sales and gro...

By Staff reporter | Published: 05 March 2014

FINANCIAL SERVICES

CABS to lend $100 million for mortgage financing

CABS says it will lend $100 million in mortgaging financing this year and has doubled the repayment period in a boost for the property sector.Responding to questions from NewsDay, CABS managing direct...

By Staff reporter | Published: 05 March 2014

FINANCIAL SERVICES

Old Mutual to acquire 12% PG stake

Old Mutual Assurance Zimbabwe Limited (OM) is set to acquire another 11,7 percent stake in hard-pressed building materials manufacturer, PG Industries (PG), after a bailout deal.The insurance group wi...

By Staff reporter | Published: 05 March 2014

LANDS & AGRICULTURE

$16m tobacco auctioned

Zimbabwe has auctioned tobacco worth $16 million since the opening of the 2014 selling season mid-February.The figure, according to statistics from Tobacco Industry and Marketing Board (Timb), is up f...

By Staff reporter | Published: 05 March 2014

MINING & RETAIL

'Zimbabwe platinum output to rise 21%'

Zimbabwe's platinum output is expected to rise 21,5 percent to 13 tonnes this year from 10, 2 tonnes produced in 2013, according to the Zimbabwe Economic Analysis and Research Unit (Zeparu).In its rep...

By Staff reporter | Published: 05 March 2014

INDUSTRIALS & ENERGY

Reckitt Benckiser auctions plant

Distressed hygiene and health products maker, Reckitt Benckiser Zimbabwe (RB), is auctioning its plant and equipment, signalling a total collapse of the company.The assets are set to go under the hamm...

By Staff reporter | Published: 05 March 2014

INDUSTRIALS & ENERGY

Cooking oil producer to install new plant

COOKING oil manufacturer, Surface Investments plans to install a new refinery within the next two years to triple production from the current three million litres a month, an official said yesterday.T...

By New Ziana. | Published: 05 March 2014

FINANCIAL SERVICES

Zim banks start opening yen, yuan accounts

SOME local banks have started opening accounts for transacting in the Japanese yen, Chinese yuan, Australian dollar and Indian rupee following the expansion of the country's foreign currency basket by...

By Staff reporter | Published: 05 March 2014

TRANSPORT & TOURISM

African Sun to reduce debt

African Sun has entered into a sale agreement for Dawn Properties' linked units with Lengrah Investments, a related party. This will result in the hotel group disposing of 406 466 976 Dawn Properties'...

By Staff reporter | Published: 05 March 2014

INDUSTRIALS & ENERGY

Olivine seeks $32 million funding

Olivine Industries Limited requires about $32 million to increase capacity and retool its plant. The fast foods consumer goods manufacturer's production capacity plunged by 82% from about 202 330 tonn...

By Staff reporter | Published: 05 March 2014

MINING & RETAIL

Pickstone Gold declares 16.6Mt reserves

African Consolidated Resources plc has declared an ore reserve estimate of 16.6Mt, containing 1.02Moz at 1.9g/t, and an updated resource of 62.0Mt containing 3.56Moz at 1.8g/t - both in accordance wi...

By Staff reporter | Published: 05 March 2014

MINING & RETAIL

Implats still seeing growth in Zimbabwe

Despite all its economic and political drawbacks, Zimbabwe still offers Impala Platinum (Implats) its most attractive growth prospects as the group's mainstream operations in South Africa are hammere...

By Staff reporter | Published: 04 March 2014

TELECOMS & TECHNOLOGY

New Voice SMS for Zimbabwe telecoms

News gathered from a regional tech website has it that it has a VAS offering, Voice SMS, which is set to hit the local market before the end of the year through a yet to be identified service provider...

By TechZim | Published: 04 March 2014

INDUSTRIALS & ENERGY

Schweppes eyes Beitbridge firm

SCHWEPPES Zimbabwe Limited has moved to acquire Beitbridge Juicing, based in the similarly named border town, in a bid to consolidate its position in the non-carbonated beverage market.Schweppes, a ma...

By Staff reporter | Published: 04 March 2014

FINANCIAL SERVICES

CBZ to engage govt over farmers loans

CBZ Holdings (CBZ) is in talks with the government to ensure farmers can use their land as security to access advance loans for agriculture operations.Some farmers hold 99-year lease agreements from t...

By Staff reporter | Published: 04 March 2014

INDUSTRIALS & ENERGY

Lobels courts three investors

The Commercial Bank of Zimbabwe (CBZ), which is the current majority shareholder in bread maker, Lobels says about three investors have expressed interest to buy the company.CBZ Group chief executive...

By Staff reporter | Published: 04 March 2014

INDUSTRIALS & ENERGY

Cairns to open Bulawayo pasta plant by year-end

Cairns, the agro-processing firm, currently under judiciary management, plans to revive its Bulawayo pasta producing plant before year-end, subject to availability of investment funds, a senior compan...

By Staff reporter | Published: 04 March 2014

TELECOMS & TECHNOLOGY

EcoCash to offer credit lines to SMEs

EcoCash Services chief operating officer Japhet Aritho says the Ecocash Payroll system will offer access to credit lines to small to medium enterprises and companies using the platform depending on t...

By Staff reporter | Published: 04 March 2014

INDUSTRIALS & ENERGY

Grindrod acquires 51% stake in United Refineries

GRINDROD Trading has acquired a 51 percent stake in Bulawayo-based fast moving consumer goods manufacturer United Refineries Ltd, managing director Mr Busisa Moyo said. "We have just concluded the tra...

By Staff reporter | Published: 04 March 2014

TELECOMS & TECHNOLOGY

Econet gives in to banks

ZIMSWITCH has broken the impasse with Econet Wireless Zimbabwe over restricted access to its mobile money transfer system, unstructured supplementary service data, with the latter's banking unit now c...

By Staff reporter | Published: 04 March 2014

LANDS & AGRICULTURE

AICO Africa rebrands to Cottco Holdings

The Zimbabwe Stock Exchange listed firm AICO Africa Lt has rebranded to Cottco Holdings Ltd with effect from today.The company said shareholders had approved the name change. "The Board of directors a...

By Staff reporter | Published: 03 March 2014

BUSINESS NEWS

Zimbabwe hit by severe power cuts

Zimbabwe has been hit by severe electricity outages following a breakdown at a power plant that accounts for about half its national production, state utility ZESA said on Thursday. Homes and business...

By Reuters | Published: 03 March 2014

Latest News

Latest Published Reports

Latest jobs