FINANCIAL SERVICES

Gono cancels Barbican Bank licence

THE Reserve Bank of Zimbabwe (RBZ) has cancelled the registration of Barbican Bank after it failed to commence banking business within the required time frame, the apex bank said on Friday.In a not...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Zimbabwe to announce reduced mining fees

Government is expected to announce reduced mining fees and levies this month, The Sunday Mail Business has established. Negotiations between Government, the Zimbabwe Chamber of Mines and the Zimbabw...

By Staff reporter | Published: 10 June 2013

MINING & RETAIL

Zimplats give 30 days to appeal land grab

Zimplats has been given 30 days to appeal a government directive that miner give up nearly 28ha of land believed to contain significant mineral claims, reported Business Day.Nearly 28ha of land leas...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Zim govt finalises repossession of platinum reserves

Government has finalised the repossession of the 28 000 hectares of ZIMPLATS reserves following the gazetting of General Notice 123 of 2013 giving effect to the compulsory acquisition of the plat...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

TelOne wins $16 million case

The Supreme Court has upheld a decision by an arbitrator ordering Gold Driven Investments to pay US$16,4 million to TelOne in settlement of a debt accrued in some tobacco selling deals between the p...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Ingwebu set to re-open most of its beer outlets

INGWEBU Breweries is set to re-open most of its beer outlets closed at the height of economic challenges as it completes the leasing of facilities under a franchise model.In an interview, Ingwebu Br...

By Staff Reporter | Published: 10 June 2013

MINING & RETAIL

Zimbabwe Mining Development Corporation in bid to revive Shabanie Mashava Mine

Government's mining arm, the Zimbabwe Mining Development Corporation (ZMDC) says it has intensified the search for a strategic partner for the resuscitation of Shabanie Mashava Mine (SMM).The para...

By Staff Reporter | Published: 10 June 2013

FINANCIAL SERVICES

Vunani buys Purpose Asset Management

Financial services group Vunani is positioning itself to spread its operations across the southern African continent, a message that came through an acquisition in Zimbabwe.The JSE-listed Vunani ann...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

CBZ projects total income growth of 10%

CBZH is expecting another good year in F13 with total income growth of 10% and further growth in assets of 19.5% on the back of diversified income and increased credit lines, CEO John Mangudya told...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

CBZ records another solid set of financial results

CBZ HOLDINGS has posted yet another solid set of financial results in the full year to December 31, 2012, as profit after tax vaulted 48,4 percent to US$45 million, compared with US$30,3 million ove...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Government cedes 49% in Agribank

The government has approved the disposal of a 49% stake in Agribank, paving the way for private investors to inject fresh capital.In a move expected to result in Agribank increasing its capital leve...

By Business reporter | Published: 10 June 2013

TRANSPORT & TOURISM

AirZim still riddled with financial challenges

Air Zimbabwe Acting Chief Executive Officer Innocent Mavhunga says his company is still riddled with financial challenges and will continue staggering its workers’ salaries.The national airline, w...

By Staff Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Dubai group to build 5-star hotel in Zimbabwe

Dubai based property firm Joz Group plans to build a multi-million dollar 5-star hotel in Zimbabwe. Muhammad Nabeel, Joz's CEO, was recently in Harare scouting for site to build the hotel. Sources c...

By Staff reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Knight Frank set to refurbish Bulawayo Centre

Knight Frank an international property management firm that oversees Bulawayo Centre shopping mall, plans to embark on the second phase of the mall at an estimated cost of $10 mln. The second phase,...

By Staff Reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Dairibord relocating equipment from its Bulawayo factory to other cities

ONE of the country's biggest manufacturer and marketer of food and beverage products Dairibord Holdings Limited is relocating equipment from its Bulawayo factory to other cities citing viability cha...

By Stff reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Businessman sues Innscor for US$1,5m

Diversified Zimbabwe Stock Exchange-listed concern Innscor Africa looks headed for a showdown with an indigenous businessman who has slapped its associate company and four of its directors with a US...

By Staff Reporter | Published: 10 June 2013

FINANCIAL SERVICES

Zim banking sector set for major reforms

Zimbabwe's banking industry is set for major reforms in line with new banking regulations that are expected to be operational next month.In terms of amendments to the Banking Act, shareholders of fi...

By Business Reporter | Published: 10 June 2013

FINANCIAL SERVICES

Insurance workers gets a 34% pay hike

THE least paid workers in the insurance sector have been awarded a 34 percent salary hike for the period January to December 2013, after a compromise agreement that will see the lowest paid worker g...

By Business Reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Cafca turnover up 14% in 4 months to January

Cafca's four months to January turnover is up 14%, managing director Rob Webster told the AGM this afternoon. He also said margins for the period are down as they are selling more aluminum tha...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Pastel launches cloud computing for small businesses in Zimbabwe

Pastel Software Zimbabwe will on March 12 launch Sage Pastel My Business Online, a cloud based accounting programme designed for start-up and small businesses that enables them to do their accounts ...

By Chengetayi Chinembiri | Published: 10 June 2013

FINANCIAL SERVICES

Aon to exit Zimbabwe after 66 years

Aon Plc, the world's second-largest insurance broker by market value, agreed to sell Aon Zimbabwe after the unit's license was revoked by the the Zimbabwean authorities.Aon Zimbabwe has been operati...

By Business reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Zimplow expecting lower profits

THE Zimbabwe Stock Exchange-listed Zimplow has issued a profit warning advising that its results for the year ending 31 December 2012 would be lower than those achieved the previous year. Company se...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Stanbic Bank sign up to EcoCash

Econet Wireless has announced that Stanbic Bank is now offering its customers full access to EcoCash.Stanbic Bank becomes the first international bank in the country to get connected to EcoCash. Th...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecel offers contract packages with bonus benefits

Telecel has introduced a new fixed payment platform and is offering existing and potential customers new attractive fixed payment contract packages that allow unlimited local calls and bonus text me...

By Staff Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe readies for Airbus flights

AIR Zimbabwe has engaged South African Airways (SAA) to carry out some maintenance check on one of its Airbus aircraft as the airline readies itself to re-launch regional and international flights n...

By Staff reporter | Published: 10 June 2013

Latest News

Latest Published Reports

Latest jobs