Meikles Limited released a depressed set of results showing a worsening in the adjusted loss before tax (excluding non-trading income of $42.7m) to $5.5m.The poor performance was due to increased fin...
By Staff reporter | Published: 03 December 2013
The Bankers Association of Zimbabwe says reports that a whopping $700 million left the domestic banking sector to perceived safer offshore havens soon after the harmonised elections held on July 31, w...
By Business Reporter | Published: 03 December 2013
Mining companies operating in Africa are benefiting more from natural resources and remitting little in taxes and royalties to their host governments which is drawing back the value chain linkages th...
By Business Reporter | Published: 03 December 2013
FIXED telecommunications operator Tel-One has completed writing off more than $79 million from about $276 million that it is owed by its customers. In October, the parastatal said it would embark on ...
By Business Reporter | Published: 03 December 2013
The government has expressed concern over reports of exorbitant rentals and other charges being demanded by property owners and has challenged the operators to comply with the laws of the country.The ...
By Staff reporter | Published: 02 December 2013
Mining companies operating in Zimbabwe and the main labor union in the industry have reached a deadlock in pay talks for 2014 after the workers group demanded that wages be more than doubled, two peo...
By Bloomberg | Published: 02 December 2013
Local dairy farmers are set to benefit from the setting up of a new $7 million milk processing plant in Kwekwe.The dairy plant, which has the capacity to process 3 million litres of milk products per ...
By Staff reporter | Published: 02 December 2013
Zimbabwe has increased the mandatory blending of ethanol with unleaded petrol from 10 percent (E10) to 15 percent (E10) with effect from last Saturday.Gloria Magombo, Zimbabwe Energy Regulatory Author...
By Staff reporter | Published: 02 December 2013
THE once-troubled national airliner, Air Zimbabwe (AirZim)'s star continues to shine after it was given a thumbs-up for promoting the growth of tourism in the country's tourist destinations, especiall...
By Staff reporter | Published: 02 December 2013
Lafarge Cement Zimbabwe last week announced that Johnathan Shoniwa, currently the managing director, will take over from Muchadeyi Ashton Masunda at the end of the year.Bulawayo born Masunda, who has ...
By Staff reporter | Published: 02 December 2013
Afrasia Kingdom Zimbabwe Limited (AKZL) shareholders have approved the group's $100 million capitalisation exercise despite initially raising concerns over the bank's bad loan book and name change.Spe...
By Staff reporter | Published: 02 December 2013
Global company Samsung Electronics will delay plans to establish a manufacturing plant in the country because of the limited variety of products and solutions offered in the country but will set up a...
By Business Reporter | Published: 02 December 2013
The future looks bright for Zimbabwe Stock Exchange-listed building and piping products manufacturer Turnall Holdings Limited with financial analysts predicting revenue and earnings growth.In its Nov...
By Staff reporter | Published: 02 December 2013
Aico Africa Limited is set for a top management shake-up as part of ongoing unbundling, with the chief executive and finance director expected to be on their way out.Chief executive Mr Pat Devenish a...
By Staff reporter | Published: 02 December 2013
Tetrad Holdings Limited intends to dispose of its 27 percent stake in agriculture and mining implements company Zimplow Holdings to raise capital for its banking division, Tetrad Investment Bank.The ...
By Staff reporter | Published: 02 December 2013
The government is set to review downwards the 15 percent sales tax on rough diamonds and to extend the tenure of diamond cutting and polishing licences as a way of promoting beneficiation as well as e...
By Staff reporter | Published: 01 December 2013
Shareholders in AfrAsia Kingdom Zimbabwe Limited (AKZL), the parent company of Kingdom Bank, on Friday voted for the repurchase of shares indirectly held by an investment vehicle linked to Nigel Chan...
By Staff reporter | Published: 01 December 2013
The Cotton Company of Zimbabwe will earn $50 million from the imminent unbundling of Aico Ltd, its parent company, with the amount set to be channelled towards recapitalisation.Cottco managing direct...
By Business Reporter | Published: 01 December 2013
Modern-day smartphones have been designed to be "smart". A smartphone is a clever gadget that is more than a phone.You can send and receive e-mail and access the web with ease. There is even a full k...
By Staff reporter | Published: 01 December 2013
Zimbabwe Stock Exchange listed platinum miner, Zimplats has earmarked $469 million for the opening of a new mine that is set to replace one of its three mines currently operating, a senior company off...
By Staff reporter | Published: 29 November 2013
Refurbishment of the New Zimsteel plant in Redcliff is progressing well with government promising operations will resume before the end of this year.Government says engineers working on the New Zimste...
By Staff reporter | Published: 29 November 2013
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By Securico | Published: 29 November 2013
ELECTRICITY users should brace for tough times as the national power utility Zimbabwe Electricity Transmission and Distribution Company (ZETDC) plans to hike tariffs barely three months after it slash...
By Staff reporter | Published: 29 November 2013
Zimplats yesterday said it held successful negotiations with government on the establishment of a refinery.Speaking on the sidelines of a tour of the Zimplats Mine in Ngezi by the Mines and Mining Dev...
By Staff reporter | Published: 29 November 2013
South Africa-based Pretoria Portland Cement (PPC) says it is finalising a feasibility study on the construction of a $200 million clinker production plant in Zimbabwe.The group, which owns local unit...
By Staff reporter | Published: 29 November 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
