NATIONAL Blankets Limited has cleared about $2 million it owed to Capital Bank, the textile company's judicial manager, Phillip Ndlovu, has said.In a report presented during a creditors and members ...
By Business Reporter | Published: 17 December 2013
ZIMBABWE Stock Exchange-listed Innscor Africa was found guilty of not following proper regulatory procedures in its acquisition of a majority stake in National Foods Limited (NatFoods) and could be l...
By Business Reporter | Published: 16 December 2013
ABC Holdings directors are part of minority shareholders that have made irrevocable undertakings that they will not accept the buyout offer by majority shareholder ADC Financial Services. ADC, a cont...
By Business Reporter | Published: 16 December 2013
ECONET Wireless Zimbabwe has launched a $500,000 premium customers' shop in Bulawayo as the firm moves a gear up in ensuring the needs of high value clients are identified and met.The outlet located a...
By Business Reporter | Published: 16 December 2013
JERICHO Advertising Zimbabwe has, for the second year running, now, been the only non-South African advertising agency listed by Adfocus, the prestigious South African Advertising and Marketing Annua...
By Staff reporter | Published: 16 December 2013
African Development Corporation (ADC) has launched a mandatory offer for all outstanding BancABC shares.ADC announced its firm intention to make a mandatory offer to all minority shareholders of its m...
By Staff reporter | Published: 13 December 2013
Zimbabwe is expected to have a new tourism policy next year aimed at boosting tourists' receipts to over $5 billion in six years.The country's tourism revenue declined to $1 billion last year from $2,...
By Staff reporter | Published: 13 December 2013
ZB Bank Limited (ZB) has unveiled a $1 million loan facility targeted at boosting the informal sector's capacity.The "Informal Trader" scheme comes on the back of the institution's recent introduction...
By Staff reporter | Published: 13 December 2013
A committee of made up of tourism ministers from, Zimbabwe, Zambia, South Africa, Mozambique, and Malawi were named to oversee the restructure transition of the Regional Tourism Organisation for South...
By Staff reporter | Published: 13 December 2013
Zimbabwe bank customer loyalty is very low; banks still need to build their trusts in customers but this is entirely based on the way the banks serve their customers.According to a survey conducted by...
By Staff reporter | Published: 13 December 2013
MUTARE-based miner DTZ-OZGEO (Pvt) Limited (DTZ-OZGEO) says it has found conglomerate deposits capable of producing 2,5 million carats of top quality diamonds in the province's Chimanimani area.The co...
By Staff reporter | Published: 13 December 2013
Leading precast wall manufacturer Durawall Private Limited (Durawall) is undergoing liquidation, the company owner confirmed to the Daily News yesterday.Durawall has already laid off about 240 employe...
By Staff reporter | Published: 13 December 2013
Powerspeed Electrical Managing Director Hilton Macklin told an analysts briefing yesterday that the Group has transformed itself into a supplier of general hardware and is already seeing benefits of t...
By Staff reporter | Published: 13 December 2013
African Sun Chief Executive Dr Shingi Munyeza told analysts yesterday that the Group is targeting a pre-tax return of 20% in FY14 after experiencing improved foreign arrivals this year. The compa...
By Staff reporter | Published: 13 December 2013
MOTOROLA Solutions, a provider of mission-critical communication solutions and services, is enhancing its presence in Zimbabwe, where it has launched new enterprise mobility products, including the la...
By Staff reporter | Published: 13 December 2013
Barclays Bank (Zimbabwe) is one of four foreign-owned banks operating in Zimbabwe and the only one listed on the domestic bourse. The bank has been critical in mobilising credit lines to boost Zimbabw...
By Staff reporter | Published: 13 December 2013
BANKS are once again up in arms with Econet Wireless over the mobile phone operator's refusal to give them access to its network platform to freely roll out their financial products.This comes as Zimb...
By Staff reporter | Published: 13 December 2013
Mines and Mining Development Minister Walter Chidhakwa yesterday dissolved boards of three institutions under his ambit, namely the Zimbabwe Mining Development Corporation (ZMDC), Minerals Marketing A...
By New Ziana | Published: 12 December 2013
The Zimbabwe Diamond Technology Centre (ZDTC) set up in 2010 to help locals add value locally to the country's rough diamonds, will soon start diamond beneficiation in Harare, according to reports.The...
By Diamond World | Published: 12 December 2013
THE application for the liquidation of the country's sole manufacturer of knitting yarn, Karina Textiles (Pvt) Ltd was approved last Thursday. Karina Textiles shareholders had applied for liquidation ...
By Staff reporter | Published: 12 December 2013
FBC Holdings Limited (FBCH)'s mortgage subsidiary is targeting $5 million-plus from its international financiers to expand its housing projects next year as it seeks to continue impacting on Zimbabwe'...
By Staff reporter | Published: 12 December 2013
Celsys Limited released a depressed set of results recording an attributable loss of $0.6m. Administrative expenses decreased by 15% while labour costs continue to burden the company increasing by 9% ...
By Staff reporter | Published: 12 December 2013
THE country's property sector is not likely to experience significant growth in 2014 as default rates and the amount of voids continue to rise unabated. Default rates have remained as high as 50 to ...
By Staff reporter | Published: 12 December 2013
Fifteen thousand first time home - seekers are set to benefit from Old Mutual's housing developments across the country in the next five years.The insurance giant has set aside $62 million towards fun...
By Staff reporter | Published: 12 December 2013
ECONET Wireless Zimbabwe walked away with four prestigious awards at the Marketers Association of Zimbabwe 2013, Super Brand annual awards plus the prestigious overall business Super- brand 2013 award...
By Business reporter | Published: 12 December 2013
Mnangagwa to officiate at Mine Entra 
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
