The People's Own Savings Bank expects to report a profit in the year to December 31 2013, driven by the realignment of cost and revenue structures in the second half of the year. The performance was h...
By Staff reporter | Published: 05 February 2014
Zesa Holdings subsidiary, Zimbabwe Electricity Transmission and Distribution Company, is being sued for $11 million by a local private firm over alleged breach of contract. Sixth Century Contraction h...
By Staff reporter | Published: 05 February 2014
India and Zimbabwe have decided to enhance cooperation in sectors such as pharmaceuticals, infrastructure and health to boost trade and investment between the countries.This was agreed during a meeti...
By Business Standard | Published: 04 February 2014
Zimbabwe is likely to revoke the recent amendment to fiscal law that stops mining companies from claiming royalties for tax purposes.The move to prohibit mining companies from claiming royalties for t...
By Staff reporter | Published: 04 February 2014
At least 51 employees have voluntarily left Alpha Media Holdings, the publishers of NewsDay, The Southern Eye, The Zimbabwe Independent and The Standard newspapers, after the company announced it can...
By Staff reporter | Published: 04 February 2014
AGRIBANK officials say there is a need for Government to recapitalise the bank to guarantee success of the land reform exercise.The bank's chief executive officer Sam Malaba said the $4 million alloca...
By Staff reporter | Published: 04 February 2014
An audit carried out on the wholly State-owned Marange Resources Diamond Company has disclosed that the government was prejudiced of millions of dollars as management raised inflated procurement recei...
By Staff reporter | Published: 04 February 2014
After a decade of economic recession and an ensuing liquidity crunch, a steady growth of sophisticated white collar crimes, corruption, pyramid scams are on the rise.Property and estates fraud among o...
By Staff reporter | Published: 04 February 2014
Medical insurer, Premier Service Medical Aid Society (PSMAS) has appointed renowned industrialist Luckson Zembe as its board chairperson.In a press statement Sunday, PSMAS said it was responding to de...
By Staff reporter | Published: 04 February 2014
Zimbabwe has intensified efforts to mobilise gold in excess of 15 tonnes this year as the country forges ahead with its plans to be readmitted to the London Bullion Market Association. The country's g...
By Staff reporter | Published: 04 February 2014
INTERNATIONAL money transfers received by money transfer agencies (MTAs) and formal banking channels declined by 15% to $1,8 billion last year due to a rise in remittances sent via informal channels.P...
By Staff reporter | Published: 04 February 2014
ZIMBABWE'S largest mobile phone operator by subscription Econet Wireless has registered over 3,5 million subscribers on its EcoCash mobile money platform, a company executive has said.He said the mob...
By Staff reporter | Published: 04 February 2014
The Zimbabwe Fertiliser Company has finally taken delivery of its 12 500 tonnes of ammonium nitrate fertiliser valued at about $7.5 million caught up in congestion at Beira port since December last ye...
By Staff reporter | Published: 04 February 2014
THE number of companies using EcoCash to pay their workers has risen dramatically because of the liquidity problems facing some banks.Econet executives responsible for EcoCash said they had seen a s...
By Staff reporter | Published: 04 February 2014
THE National Social Security Authority's $22 million state of the art hotel in the border town of Beitbridge is now open. The project which was funded by NSSA and constructed as part Government's Nati...
By Staff reporter | Published: 04 February 2014
ZSE listed financial institution, NMB Bank, managed to raise $4 million during the floatation of the first tranche of its two-year $50 million mortgage-backed Small to Medium Enterprises bond issue wh...
By Staff reporter | Published: 04 February 2014
Eight countries in Southern Africa have earned a position among the top 20 "most exciting African mineral jurisdictions".According to an investment guide released on Monday, they are South Africa, Zim...
By Sapa | Published: 03 February 2014
TSL Limited profit rose to $6,8 million for the year ended October 31, 2013 driven by new initiatives that the group embarked on during the period under review.The group's profit stood at $4,9 million...
By Business Reporter | Published: 03 February 2014
Platinum producer Zimplats says Zimra has granted it a reduction in the penalty in its tax dispute from 8% to 5% of principal tax. "The tax authorities have responded to the objection lodged by the c...
By Staff reporter | Published: 03 February 2014
Zimplats revenue decreased by 13% from the previous quarter impacted by lower sales volumes and a reduction in metal prices. Consequently, an operating profit of $20.6 million was realised, 48% lower ...
By Staff reporter | Published: 03 February 2014
The Securities and Exchange Commission of Zimbabwe will this week begin an inspection exercise of asset management companies with a view towards ensuring compliance in presenting audited results. SEC...
By Staff reporter | Published: 03 February 2014
The RBZ has urged financial institutions to provide cheap lines of credit to Small and Medium Enterprises (SMEs) in order to aid their growth.The SMEs sector has been struggling to take off as it face...
By Staff reporter | Published: 03 February 2014
Astra Industries is now focusing on expanding both its local and regional operations after regulatory authorities approved a deal to have local and foreign investors take over the Reserve Bank of Zimb...
By Business Reporter | Published: 03 February 2014
A massive restructuring exercise is looming at the Zimbabwe Mining Development Corporation as government moves in to sanitise the entity which has been sitting on thousands of mining claims countrywid...
By Staff reporter | Published: 03 February 2014
Zimbabwe's hotels will become uncompetitive while recent improvements in tourist arrivals may be reversed if government's plan to extend value added tax to non-residents goes through, industry players...
By Staff reporter | Published: 03 February 2014
Court rebukes RBZ, lifts US$7m freeze 
Mugabe son paid shooting victim R400k, court told 
Trump admin launches $166B tariff refund portal 
Gold-backed ETF set for VFEX debut 
Fuel shock drives Zimbabwe inflation higher 
Court ruling exposes deep cracks in Zimbabwe's gold trade 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
