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
...
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
Zimbabwe is willing to let foreign-owned platinum mining firms own majority shares in their local operations if they build a refinery in the country, the mines minister said on Thursday.The southern A...
By Reuters | Published: 29 November 2013
INTERNATIONAL diamond players, including Botswana registered company First Element Diamond Services (First Element), are flocking to Zimbabwe for opportunities to exploit the country's vast diamond de...
By businessdigest | Published: 29 November 2013
The Reserve Bank of Zimbabwe has made an about-turn on the issue of bank charges, giving banks the green-light to review their charges, effectively revoking a memorandum of understanding (MoU) with ba...
By Staff reporter | Published: 29 November 2013
MANAGEMENT changes are looming at cement producer Lafarge amid revelations incumbent managing director Mr Johnathan Shoniwa will be moved to chair the group with an unnamed appointee from Egypt replac...
By Staff reporter | Published: 29 November 2013
OLIVINE Industries is struggling to attract investors and its parent company, AICO Africa has been advised to sell its interest in the fast moving consumer goods firm even at a loss. AICO owns 51 perc...
By Staff reporter | Published: 29 November 2013
TRUCK owners contracted by Lobel's Bread to deliver bread in Bulawayo are alleging that the firm has gone for two months without paying them for their services. Some of the contractors who preferred n...
By Business Reporter | Published: 29 November 2013
LEADING telecommunications company Econet has been named employer of choice by university students and graduates, a survey of students has shown. The survey was conducted by Datasol Zimbabwe and CV Pe...
By Business Reporter | Published: 29 November 2013
AICO Africa Limited has written down $30,2 million from the value of two of its units to reflect the decrease in their carrying amounts after a poor financial performance in the interim period to 30 S...
By Staff reporter | Published: 28 November 2013
Barclays Plc is planning to launch its smartphone mobile banking app, Pingit in Zimbabwe and other African countries within the next few months.This follows the launch of the application in Kenya. The...
By BH24/Techzim | Published: 28 November 2013
Local refrigerator manufacturer, Imperial and Commercial Refrigeration is expecting to realise over $600 000 by March next year following a big order from beverages manufacturer Coca-Cola company for...
By Staff reporter | Published: 28 November 2013
Truworths Limited group CE Themba Ndebele told an AGM this morning recorded a 5.9% turnover growth for the four months ending October 13.Truworths launched a 36 months In-store Credit Card facility fo...
By Staff reporter | Published: 28 November 2013
Dawn Properties Limited released an improved set of results recording a 4% growth in revenue to $2.9m (2012: $2.8m). Reported operating profit increased by an impressive 185% mainly because of the rat...
By Staff reporter | Published: 28 November 2013
Israeli mining investor Yaron Yamin - in conjunction with his local partners - is on the verge of tying a deal with the Zimbabwean government to mine diamonds at Chiadzwa, businessdaily revealed.The G...
By Staff reporter | Published: 28 November 2013
Aico Africa is facing foreclosure and possible sequestration of its 50% SeedCo stake for loan guarantees it pledged on behalf of its subsidiary companies. The group guaranteed loans advanced to the Co...
By Staff reporter | Published: 28 November 2013
NORMALCY had returned at most banks in Harare yesterday with people withdrawing their cash without hiccups.A snap survey yesterday afternoon showed that people were withdrawing their money without has...
By Staff reporter | Published: 28 November 2013
Court rebukes RBZ, lifts US$7m freeze 
Mugabe son paid shooting victim R400k, court told 
Trump admin launches $166B tariff refund portal 
Gold-backed ETF set for VFEX debut 
Fuel shock drives Zimbabwe inflation higher 
Court ruling exposes deep cracks in Zimbabwe's gold trade 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
