TELECOMS & TECHNOLOGY

Econet cuts off calls to unlicenced Telecel

Telecel Zimbabwe subscribers are encountering problems connecting to the Econet network because the company does not have a valid mobile licence,Econet Wireless Zimbabwe said yesterday. Zimbabwe’s b...

By Business Reporter | Published: 26 July 2013

INDUSTRIALS & ENERGY

Board changes loom at Astra Industries

Board changes are looming at Astra Industries Ltd after the company was taken over by a management consortium and a foreign company, Kansai Plascon, businessdigest revealed.Sources close to the deal s...

By Staff reporter | Published: 26 July 2013

FINANCIAL SERVICES

'7 banks face closure,' says Biti

Finance minister Tendai Biti has warned that 7 commercial banks exposed to local authorities may fold following Local Government minister Ignatius Chombo's directive for municipalities across the coun...

By Staff reporter | Published: 26 July 2013

TRANSPORT & TOURISM

Air Zim to resume Vic Falls - Joburg daily flights

National air carrier Air Zimbabwe is set to resume daily flights between Victoria Falls and Johannesburg to cater for an increase in demand on the route. In an interview yesterday, Air Zimbabwe public...

By Staff reporter | Published: 25 July 2013

TELECOMS & TECHNOLOGY

Ex-Telecel CEO seeks reinstatement

FORMER Telecel Zimbabwe chief executive Mr Francis Mawindi is disputing his dismissal as CEO of the company arguing it was not justifiable contrary to the mobile phone operator's claims that he had r...

By Staff reporter | Published: 25 July 2013

TELECOMS & TECHNOLOGY

Econet under probe

The Postal and Telecommunications Regulatory Authority of Zimbabwe has launched an investigation into Econet Wireless Zimbabwe after Telecel Zimbabwe complained about alleged unfair business practice...

By Business reporter | Published: 25 July 2013

TELECOMS & TECHNOLOGY

Telecel still facing problems with connections to Econet

Telecel Zimbabwe has issued the following statement on problems being faced with connectivity to Econet Zimbabwe:Telecel Zimbabwe would like to inform its subscribers that it is currently facing major...

By Mike Hamilton | Published: 24 July 2013

INDUSTRIALS & ENERGY

Delta's lager volumes subdued, says Gowero

Demand for Delta Corporation Limited's lager beer was depressed due to excise duty increases which have resulted in some retailers charging higher than recommended prices to circumvent the problem of...

By Business reporter | Published: 24 July 2013

FINANCIAL SERVICES

Change of name from AFRE to FMHL

Shareholders are advised that the name of Africa First ReNassaince Corporation Limited (AFRE) has been changed to First Mutual Holdings Limited (FMHL). The listing on the ZSE was amended with effect f...

By Business reporter | Published: 24 July 2013

TELECOMS & TECHNOLOGY

Econet postpones AGM

Shareholders are advised that the AGM of the company which was due to be held on Tuesday, 30th July 2013 has been postponed to Tuesday, 17th September 2013. At the time of publication of the AGM noti...

By Business reporter | Published: 24 July 2013

INDUSTRIALS & ENERGY

Delta Beverages increase volumes by 4%

Delta publishes a trading update for the first quarter ending June 30 saying total beverage volumes are up 4% with all categories except lager beer registering growth despite the slackening consumer d...

By Business reporter | Published: 24 July 2013

TELECOMS & TECHNOLOGY

Telecel lodges 'unfair' practice complaint

ZIMBABWE'S second largest mobile phone operator by subscription, Telecel Zimbabwe, has lodged a complaint with the Postal and Telecommunications Authority of Zimbabwe (Potraz) over alleged unfair busi...

By Business reporter | Published: 24 July 2013

Star Africa divests from Tongaat

Star Africa Corporation Limited (Star Africa)'s shareholders have approved the group's plan to dispose of its 33,3 percent stake in Tongaat Hulett (Tongaat) Botswana as part of strategies to raise cap...

By Business reporter | Published: 23 July 2013

TELECOMS & TECHNOLOGY

TelOne takes legal action against defaulters

TELONE, the country's sole telephone landline service provider, has started taking legal action against hundreds of its customers to recover thousands of dollars in unpaid telephone bills. A majority ...

By Business reporter | Published: 23 July 2013

TELECOMS & TECHNOLOGY

Telecel directed to surrender 20% of its stake

EMPOWERMENT Corporation will soon increase its shareholding in Telecel Zimbabwe to 60 percent after Government directed controlling shareholder Telecel International to surrender 20 percent of its sta...

By Business reporter | Published: 23 July 2013

BUSINESS NEWS

Tobacco sales top $598 million

While the 2013 tobacco selling season officially ended on July 5 after 99 days of trading, contract sales continue to trickle in taking the funds realised by farmers to $598m. Market watchers contend ...

By Business reporter | Published: 23 July 2013

FINANCIAL SERVICES

deVere group 'zooms in' on Zimbabwe

Belgian-based financial consultancy and investment firm deVere Group (deVere) plans to strengthen its foothold in Zimbabwe after cutting ties with Tetrad Investment Bank. Last week, the group, with an...

By Business reporter | Published: 23 July 2013

MINING & RETAIL

Mine workers in 3-day underground strike

About 114 disgruntled workers at Lynx Mine in Karoi last week staged a 3-day underground strike as they demanded the axing of senior managers they accused of being insensitive to their plight. The str...

By Staff reporter | Published: 22 July 2013

MINING & RETAIL

New Dawn threatens to pull out of Zimbabwe

New Dawn Mining Corporation has threatened to divest from Zimbabwe if its planned cost-reduction measures fail and the international gold price continues to fall.The gold miner - operating five mines ...

By Business reporter | Published: 22 July 2013

INDUSTRIALS & ENERGY

Sludge in Masawara oil deal

Just as there was drama and intrigue when Masawara acquired the former BP & Shell assets in 2010, last week's disposal of the same assets continues to court controversy after a Mauritian joint ve...

By Business reporter | Published: 22 July 2013

INDUSTRIALS & ENERGY

CAPS Pharmaceuticals has collapsed

DRUG manufacturing company CAPS Pharmaceuticals has collapsed after the firm's factory premises in Harare's Southerton industrial area was last week auctioned for US$1,5 million cash.This was after t...

By Business reporter | Published: 22 July 2013

MINING & RETAIL

OK Zimbabwe grows revenue by 5.1%

OK Zimbabwe achieved revenue of $123.1 million which was a growth of 5.1% over same quarter of F13. Management says this was slightly below its rather aggressive budget which took into account anticip...

By Business reporter | Published: 19 July 2013

MINING & RETAIL

OK Zimbabwe's Q1 revenue growth below budget, says Zireva

OK Zimbabwe achieved revenue of $123.1 million which was a growth of 5.1% over same quarter of F13, CEO Willard Zireva told the AGM this morning. "This was slightly below our rather aggressive bu...

By Business reporter | Published: 19 July 2013

BUSINESS NEWS

Mobile, internet money surpass card payments

Mobile and internet based transactions have for the first time surpassed card payments after registering a 28.3% growth in the month of May as more account holders turn to the convenience of mobile ba...

By Business reporter | Published: 19 July 2013

TELECOMS & TECHNOLOGY

Telecel in negotiations with government over shareholding

TELECEL Zimbabwe has started regularising its lopsided shareholding, a precondition for the  renewal of its expired mobile licence, after emissaries of its shareholders met Government officials t...

By Business Reporter | Published: 19 July 2013

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