FINANCIAL SERVICES

'Zimbabwe's banking sector sound'

The Bankers Association of Zimbabwe continues to find the financial sector essentially sound and believes reports of some troubled banks are not a reflection of the status of the sector or of the eco...

By herald | Published: 16 January 2014

MINING & RETAIL

Zimbabwe gold mines face closure

The punitive royalty charges leveled against mining companies is likely to result in the closure of more than 75 percent of gold mines in the country in the next three months, the Zimbabwe Chambers o...

By bh24 | Published: 16 January 2014

TRANSPORT & TOURISM

Emirates connects Zimbabwe to A380 network

Emirates, which flies daily from Harare to Lusaka and Dubai, is offering its passengers from Zimbabwe a growing number of opportunities to connect to the world through its expanding fleet of A380 air...

By Business Daily | Published: 16 January 2014

MINING & RETAIL

SA probes owners of Zim company over 'racist interrogation'

JOHANNESBURG - South Africa's priority crime investigation unit, the Hawks, is investigating the company which owns Bokai Platinum in Zimbabwe following allegations that the emails of senior staff we...

By dailynews | Published: 16 January 2014

MINING & RETAIL

Zim platinum mining to benefit from SA mining woes

LOCAL miners are in a strong position to try and close the platinum supply gap after revelations that South Africa, the top world platinum producer's mining operations are becoming relatively more ex...

By sundaynews | Published: 16 January 2014

MINING & RETAIL

Raji Modi buys back 20% stake in Choppies

BULAWAYO-BASED business mogul Raji Modi has brought back a 20% stake in Choppies Zimbabwe barely six months after selling off his entire Sai Enterprises (Pvt) Ltd business to Botswana's largest retai...

By Southern Eye | Published: 16 January 2014

TELECOMS & TECHNOLOGY

Telecel denies defaulting

The country's second second largest mobile company, Telecel Zimbabwe has denied allegations that the company defaulted on the conditions of its licence renewal.Telecel Zimbabwe General Manager Mrs An...

By Staff reporter | Published: 16 January 2014

TELECOMS & TECHNOLOGY

Zim mobile penetration reaches 100 percent mark

Zimbabwe's mobile penetration rate has reached 103,5 percent as the number of mobile subscribers reached more than 13,5 million by December last year.According to third quarter statistics released by...

By Staff reporter | Published: 16 January 2014

TELECOMS & TECHNOLOGY

Zimbabwe mobile subscribers hit 14 million

Zimbabwe's mobile penetration rate has reached 103,5 percent as the number of mobile subscribers grew to 13,5 million by December last year.According to statistics for the third quarter to December 2...

By herald | Published: 16 January 2014

TRANSPORT & TOURISM

Air Zim records brisk business

NATIONAL airline, Air Zimbabwe enjoyed a fruitful festive season as flights to Victoria Falls, Bulawayo and Johannesburg were increased to deal with an improved number of passengers.In an interview, ...

By chronicle | Published: 16 January 2014

MINING & RETAIL

Caledonia declares first quarterly dividend

Toronto Stock Exchange listed mining company, Caledonia Mining Corporation has declared a dividend of $0,015 per share for the first quarter of its financial year.The declaration of a dividend will ...

By Staff reporter | Published: 16 January 2014

FINANCIAL SERVICES

Bank charges still high

Zimbabwean banks' non interest income constitute on average an estimated 55 percent of their total income. This estimation is based on calculations done by BH24.Banks have been indicating in some rep...

By Staff reporter | Published: 16 January 2014

TRANSPORT & TOURISM

Afsun debt restructuring to be complete by 1H

African Sun CE Shingi Munyeza says the debt restructuring process will be complete before the end of the first half.The group also expects to raise $6 million through a rights offer with the commitme...

By Staff reporter | Published: 16 January 2014

TRANSPORT & TOURISM

Zim listed among leading holiday destinations

ZIMBABWE has been acknowledged by one of the world's leading travel magazines, Condé Nast Traveler, as a destination-to-be this year.Condé Nast Traveler predicted that in 2014, more families will c...

By Staff reporter | Published: 16 January 2014

TELECOMS & TECHNOLOGY

Econet complies with Govt tax policy

Econet has started levying the intermediated money transfer tax on customers for mobile money transfer service in line with the Government's directive.Presenting the 2014 national budget last month, ...

By Staff reporter | Published: 16 January 2014

FINANCIAL SERVICES

ZB to construct industrial park in Ruwa

ZB Building Society is set to fund the construction of a multi-million dollar commercial and industrial park in the town of Ruwa, the Building Society mortgages' supervisor Mr. William Mukarwi reveal...

By Staff reporter | Published: 16 January 2014

TRANSPORT & TOURISM

RTG to open Beitbridge Hotel soon

The Rainbow Tourism Group (RTG) CE Tendai Madziwanyika has indicated the the Group will open its $32 million Beitbridge hotel in mid January ahead of an official launch scheduled for March.Madziwanyi...

By Staff reporter | Published: 16 January 2014

MINING & RETAIL

Kaukonde set to increase Innscor shareholding

ZANU-PF's Mashonaland East provincial chairperson and businessman Ray Kaukonde is set to increase his shareholding in Innscor Africa as part of the group's indigenisation plan.Through his investment ...

By Staff reporter | Published: 16 January 2014

INDUSTRIALS & ENERGY

United Refineries back on track

UNITED Refineries LTD, a Bulawayo-based fast moving consumer goods company, is on a firm recovery following its acquisition by a JSE-listed firm Grindrod Ltd for an undisclosed amount.Grindrod bought...

By Staff reoporter | Published: 20 December 2013

FINANCIAL SERVICES

Ecobank to expand its footprint in Zimbabwe

ECOBANK Zimbabwe plans to expand its footprint in the country next year by opening additional two more branches in Harare, Gweru and Masvingo amongst other key cities and towns to ensure countrywide c...

By Business reporter | Published: 20 December 2013

MINING & RETAIL

'Zim govt done with Zisco,' says Bimha

GOVERNMENT says it has fulfilled outstanding obligations that have been stalling the revival of Zisco and awaits new majority shareholder Essar Africa to meet its end of the bargain.Industry and Comme...

By Business Reporter | Published: 20 December 2013

INDUSTRIALS & ENERGY

Funeral companies gross premiums up by 46%

Funeral companies in Zimbabwe wrote gross premiums amounting to $24 million in the third quarter of the year, a 46 percent growth from figures reported in same period last year, according to figures ...

By Staff reporter | Published: 20 December 2013

MINING & RETAIL

Zim diamonds rake in $10,5m at Antwerp

The first sale of diamonds from Marange in a trial tender held at Antwerp, Belgium this week attracted an overwhelming response, achieving total sales of almost $7,6 million  ($10,5m) after 279 7...

By Staff reporter | Published: 20 December 2013

INDUSTRIALS & ENERGY

Art Corp seeks $15m capital to retool operations

HARARE- Art Corporation CE Richard Zirobwa told analysts yesterday that the Group is seeking $15 million capital to fund its operations over the next five years, adding that one of the shareholders ha...

By Staff reporter | Published: 19 December 2013

MINING & RETAIL

Chinese company plans $2bn Zim investment

China Africa Sunlight Energy (Caseco) plans a $2 billion investment in the country over the next 12 years.Caseco is a joint venture between Chinese Shandong Taishan Sunlight Investment Company and Zim...

By Staff reporter | Published: 19 December 2013

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