FINANCIAL SERVICES

'Banking sector not sick'

FINANCE and Economic Development Minister Patrick Chinamasa yesterday said local financial institutions were in a sound state despite the liquidity crunch that has affected some of the banks.Minister ...

By Staff reporter | Published: 23 January 2014

INDUSTRIALS & ENERGY

PSMAS faces closure over debts

ALL public sector workers - including teachers, nurses, police officers and soldiers - may go without medical aid as the government has yet to renew the operating licence for Premier Service Medical A...

By Staff reporter | Published: 22 January 2014

TRANSPORT & TOURISM

ZTA, SAA strike deal

The Zimbabwe Tourism Authority (ZTA) has struck a deal with South Africa Airways (SAA) which will see the airline facilitating travel arrangements for tour operators and journalists to promote the loc...

By Staff reporter | Published: 22 January 2014

INDUSTRIALS & ENERGY

Duty reduction excite pharmaceuticals sector

The local pharmaceuticals industry is optimistic that the proposed reduction of duty on raw materials as outlined in the 2014 national budget will be implemented, thereby aiding the recovery of the se...

By Staff reporter | Published: 21 January 2014

INDUSTRIALS & ENERGY

Ethanol project enters phase 2

The Agricultural and Rural Development Authority (ARDA) says work on the second phase of the multi-million dollar Chisumbanje ethanol project has resumed with an investment of $260 million.The multi-m...

By Staff reporter | Published: 21 January 2014

TRANSPORT & TOURISM

UK tourist delegation in the country

A 12-member tourism delegation from the United Kingdom is in the country to try and restore confidence of western tourists on Zimbabwe as a tourist destination.The delegation, which consists of tour o...

By BH24 | Published: 21 January 2014

INDUSTRIALS & ENERGY

National Foods reopens Mutare maize mill

Zimbabwe Stock Exchange listed grain processor, National Foods, yesterday reopened its Mutare Maize mill to complement operations at the Harare and Bulawayo plants in order to meet increased demand.T...

By Staff reporter | Published: 21 January 2014

TELECOMS & TECHNOLOGY

TelOne recovers $90m debts

Zimbabwe's sole landline network operator, TelOne, says it collected $90 million out of a targeted $300 million last year under its debt recovery programme.Prior and following the introduction of the ...

By Staff reporter | Published: 21 January 2014

FINANCIAL SERVICES

Texton acquires Vunani Asset Management business

Vunani Property Investment Fund (VPIF), an office dominated JSE-listed property fund announced that both its unitholders and board have approved the sale of the asset management business from Vunani P...

By David A. Steynberg | Published: 21 January 2014

LANDS & AGRICULTURE

Poultry producers welcome surtax

The re-introduction of surtax on chicken and other goods to promote local producers has revived the local poultry industry with experts predicting further growth after imports declined significantly.L...

By Staff reporter | Published: 21 January 2014

INDUSTRIALS & ENERGY

Schweppes eyes regional market

A local beverages manufacturer, Schweppes Zimbabwe says it will expand into the neighbouring countries following high demand for its products on the regional market.In an interview, Schweppes Zimbabwe...

By Staff reporter | Published: 21 January 2014

TELECOMS & TECHNOLOGY

Zimpost automates

Zimbabwe Post (Zimpost) has so far automated 51 offices as the postal services company moves to computerize its over the counter services.The postal company's automation project is nearing completion ...

By Business reporter | Published: 21 January 2014

MINING & RETAIL

Lancashire Steel set to re-open

THE government has started moves to re-open tube and wire manufacturer Lancashire Steel ahead of resumption of operations at NewZim Steel, a senior official has said.Government announced in October la...

By New Ziana | Published: 21 January 2014

TRANSPORT & TOURISM

Vic Falls Safari Lodge opens six suites

THE Victoria Falls Safari Lodge has opened six safari suites following a recent increase in occupancy rate at the property.Chief executive officer of the award-winning Africa Albida Tourism (AAT), Ros...

By Staff reporter | Published: 21 January 2014

INDUSTRIALS & ENERGY

Ingwebu Breweries sales improve

INGWEBU Breweries recorded a 10 percent increase in sales during the festive season when the company was  running a promotion to celebrate its 100 years of service and excellence.Speaking at the ...

By Staff reporter | Published: 21 January 2014

INDUSTRIALS & ENERGY

Tanzanian firm to invest in BRI

A TANZANIAN firm, Bakhresa Group, is set to inject between $25 million and $40 million into grain milling and food processing entity, Blue Ribbon Industries, to revive the once vibrant company. Blue R...

By Staff reporter | Published: 21 January 2014

MINING & RETAIL

Freda Rebecca register a decline in output

Mwana Africa's cash cow, Freda Rebecca, registered a decline in output after a total of 13 072 ounces were produced during the quarter, representing a decrease of 25 percent over the previous quarter....

By Staff reporter | Published: 21 January 2014

MINING & RETAIL

Trojan Mine production up 76%

Mwana Africa's Nickel production rose 76 percent to 2 651 tonnes at Trojan Mine, a unit of Mwana Africa's 75,4 percent owned Zimbabwe Stock Exchange listed Bindura Nickel Corporation, compared to the ...

By Business reporter | Published: 21 January 2014

LANDS & AGRICULTURE

Tongaat Hulett under scrutiny

South African-based Tongaat Hulett, which wholly owns Triangle Limited - a company that was recently granted a temporary licence to deliver ethanol to the local market to shore up supplies - has court...

By Staff reporter | Published: 20 January 2014

MINING & RETAIL

Mines submit plans for Zim refinery

Major platinum miners in Zimbabwe have met a government deadline to agree and submit plans to build a major refinery in the country by the end of 2016, state media reported on Sunday.President Robert ...

By Reuters | Published: 20 January 2014

FINANCIAL SERVICES

Govt to restructure IDC

Government plans to restructure the Industrial Development Corporation (IDC) as part of efforts to revive the country’s ailing industry. The corporation, wholly owned by government, plays a role of ...

By Staff reporter | Published: 20 January 2014

TELECOMS & TECHNOLOGY

TelOne to invest $90m in new project

Fixed telecommunications operator, Telone will invest $90 million in new projects particularly in data, managing director Mrs Chipo Mtasa said.Mtasa said the money was part of the company's budget set...

By Staff reporter | Published: 20 January 2014

TELECOMS & TECHNOLOGY

Econet deal not good for Banks

Econet Wireless Zimbabwe is under pressure to revise its position regards to the opening up of USSD gateway amid indications banks are planning not to transact with its banking unit Steward Bank on th...

By Staff reporter | Published: 20 January 2014

TELECOMS & TECHNOLOGY

Econet acquires Altron's 8.6% in Liquid Telecom

Econet Wireless Global has acquired the 8.6% in its subsidiary Liquid Telecom held by JSE listed technology company Altron. In a statement to the Johannesburg Stock Exchange (JSE), Altron, which ...

By Staff reporter | Published: 17 January 2014

MINING & RETAIL

Zimbabwe platinum refinery deadline expires

Zimbabwe's deadline for the world's biggest platinum producers to submit plans for the construction of a refinery expired yesterday as it confirms its decision to ban raw exports of the metal by year ...

By Bloomberg | Published: 17 January 2014

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