A proposed 15 percent levy on Zimbabwe's platinum exports equated to a "punishment" that threatened the industry, the country's mining lobby said this week.In December last year the government propose...
By Bloomberg | Published: 03 March 2014
Diversified South African construction company, Group Five, says it is targeting concessions opportunities in Zimbabwe.This was said by CEO Mike Upton while presenting the company's results for the si...
By Staff reporter | Published: 03 March 2014
Art reported a nominal decrease of 7% in its turnover to $10.6 million in the first 4 months of its current financial year, CE Richard Zirobwa told the AGM earlier today."Our trading hasn't been too g...
By Staff reporter | Published: 03 March 2014
THE Associated Mine Workers' Union of Zimbabwe (AMWUZ) and the Chamber of Mines have reached a deadlock in the 2014 wage negotiations after the chamber refused to award a Poverty Datum Line- linked in...
By Staff reporter | Published: 03 March 2014
FINANCE and Economic Development Minister Patrick Chinamasa has summoned senior management of an international bank in the country to provide explanation on why the bank has drastically cut its lendin...
By Staff reporter | Published: 03 March 2014
Government is probing Air Zimbabwe's leasing of an Embraer 50-seat plane, amid fears the embattled airline has lost millions of dollars through a huge fixed monthly rental for the jet.Impeccable sourc...
By Richard Chidza | Published: 03 March 2014
The Reserve Bank of Zimbabwe has barred mobile money agents from entering into exclusive agreements with individual mobile cash payment system operators, saying the move was meant to curb monopolies i...
By Staff reporter | Published: 03 March 2014
The National Railways of Zimbabwe plans to set up two manufacturing plants in Bulawayo at a combined cost of $14 million to revive its comatose operations laid low by debt, undercapitalisation and mis...
By Staff reporter | Published: 03 March 2014
The African Development Bank (AfDB) is set to strengthen its foothold in Zimbabwe by constructing its offices in the country.The regional financier's Zimbabwe Field Office, which is currently housed ...
By Staff reporter | Published: 03 March 2014
AfriAsia Zimbabwe Holdings posted a profit of $174 862 for the half year ended 31 December 2013. This was a 91 percent decline from the prior comparable profit of $1,9 million.The figures in the stat...
By Staff reporter | Published: 03 March 2014
Profits of Impala Platinum Holdings-owned Zimplats jumped 237% to R246m for the interim period to February 2014.As a result, Zimplats contributed 28.6% to Impala’s total profits.Impala CEO Terence ...
By fin24 | Published: 03 March 2014
Mashonaland Holdings' 4 months to January 2014 revenue declined by 4% to $2.5 million, CE Manfred Mahari told the AGM earlier today.However, he said this was 9% ahead of financial plan of $2.3 millio...
By Staff reporter | Published: 03 March 2014
CBZ Holdings recorded write off totalling $32 million for the year ended 31 December 2013 as the firm continues to mobilise long term funding, CEO John Mangudya told an analyst briefing yesterday.The...
By Staff reporter | Published: 03 March 2014
Zimplats Holdings grew its revenue by 51% to $267 million from the same period last year due to a 62% increase in platinum sales volume from 70 225 ounces to 113 876 ounces. The impact of the increase...
By Staff reporter | Published: 27 February 2014
Public Service minister Nicholas Goche yesterday admitted before Parliament that management at the National Social Security Authority had made some imprudent investments using public funds. Goche made...
By Staff reporter | Published: 27 February 2014
ROAD MOTOR SERVICES (RMS) has failed to pay its workforce their salaries for the past four months as it emerges the company continues to battle a tight liquidity crunch blamed on the prevailing harsh ...
By Staff reporter | Published: 27 February 2014
The government will offload 49% of its holdings in the Agricultural Development Bank of Zimbabwe (Agribank) by year-end through privatisation to recapitalise the institution which urgently requires a ...
By Staff reporter | Published: 27 February 2014
CBZ Holdings Limited (CBZ) has recorded a profit after tax of $36, 7 million for the year to December 31, 2013 despite the economic challenges facing the country.Due to the group's prudence in provid...
By Staff reporter | Published: 27 February 2014
THE National Railways of Zimbabwe is negotiating with a financial institution for the funding of a railway rehabilitation programme, Minister of Transport Obert Mpofu said.In addition, the NRZ may com...
By Business Reporter | Published: 27 February 2014
Powerspeed's turnover in the four months to January was up 9 percent against the same period last year. Gross profit was up 19 percent but there was a 4 percent increase in expenses due to the branch ...
By Staff reporter | Published: 27 February 2014
Listed cement manufacturer, Lafarge Cement is looking at investing $20 million towards the rehabilitation of its cement manufacturing plant in order to boost its volumes.The cement manufacturing compa...
By Staff reporter | Published: 27 February 2014
The High Court has deferred to tomorrow the ruling on the urgency of a case in which South African-based businessman Mr Mutumwa Mawere wants the court to decide whether Shabanie Mashava Mines i...
By Staff reporter | Published: 27 February 2014
CBZ Holdings is set to issue a record $200 million Diaspora bond in April to be guaranteed by the African Export and Import Bank to replace the current $68 million bond which expires the same month. T...
By Staff reporter | Published: 27 February 2014
Allied Timbers Holdings has closed its Botswana business due to the fall in demand of roofing timber material in that country and has instead set sights on the Zambian market, a senior official said y...
By Staff reporter | Published: 27 February 2014
Tobacco auction floors in Karoi opened for trading on Monday, two weeks after the opening of the national selling season, with about 800 bales going under the hammer for prices generally welcomed by f...
By Staff reporter | Published: 27 February 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
