Meikles Limited will start mining operations next month after completing negotiations with the Government, a company official has saidMeikles limited went into a mining joint venture with a Mauritius ...
By Staff reporter | Published: 11 November 2013
A new gem miner, Rera Diamonds said on Saturday it is set to commence exploration in Chimanimani, Manicaland province.Government has in the last few years licensed over six companies including Mbada D...
By Staff reporter | Published: 11 November 2013
GOVERNMENT plans to establish school development programmes by rolling out OneWallet agents throughout the country that will make it easier for parents to pay school fees.Speaking at the OneWallet rel...
By Staff reporter | Published: 11 November 2013
FBC BANK has secured a new $10 million line of credit from a US bank with view of supporting local industry, the group chief executive, Mr John Mushayavanhu, has said.The line of credit will be extend...
By Business Reporter | Published: 11 November 2013
Growing sugar demand in the country is expected to offset the planned phasing - out of export quotas to the European Union (EU) by Tongaat Hulett's Zimbabwean unit, Hippo Valley.The country's per-capi...
By Staff reporter | Published: 07 November 2013
Motorola Solutions is considering expanding its operations in Zimbabwe as it targets to benefit from the anticipated economic recovery.Motorola Solutions is a different entity from cellphone manufactu...
By New Ziana | Published: 07 November 2013
A diamond mine at Murowa diamond mine in Zvishavane, has been named the "most valuable diamond" by Rio Tinto during a "Specials" tender showcasing the finest, large rough diamonds from the company's t...
By Staff reporter | Published: 07 November 2013
Zimplow Holdings today announced the disposal of 100% of its shareholding in Bulawayo Steel Products (Private) Limited trading as Tassburg, effective 1 November 2013 to members of the management team...
By Staff reporter | Published: 07 November 2013
SeedCo recorded a first half loss of $12.8m compared to $8.9m in the prior year. This is as per SeedCo tradition. Group Chief Executive Officer Morgan Nzwere said the company was looking forward to...
By Staff reporter | Published: 07 November 2013
TRUST HOLDINGS is on the verge of concluding a placement with a South African firm MOGS to raise $20 million to comply with minimum capital requirements and enhance liquidity in its banking unit.Acc...
By Staff reporter | Published: 07 November 2013
STEWARD Bank has reported massive write downs in its operations, with swelling expenses and declining incomes during the half year to August 31, 2013 highlighting the challenge that its new owner, Eco...
By Staff reporter | Published: 07 November 2013
ZIMBABWE'S banks have reneged on a pact with the Reserve Bank of Zimbabwe (RBZ) aimed at lowering borrowing costs for the country's struggling industrial sector and encouraging domestic savings.Banks ...
By Staff reporter | Published: 07 November 2013
The Grain Marketing Board (GMB) has missed the target of commissioning its stock-feeds manufacturing plant in Norton in September due to delays in the shipment of critical components required to finis...
By Staff reporter | Published: 06 November 2013
Chinese mobile phone maker, Huawei Technologies, has entered the Zimbabwean market through a partnership with Econet Wireless which will give dominant brands such as Samsung, Nokia and Apple a run for...
By Staff reporter | Published: 06 November 2013
African Distillers Limited MD Cecil Gombera told the AGM that the company recorded a 6% growth in volumes in the first quarter (July- September 2013) of the financial year as the group focuses on grow...
By Staff reporter | Published: 06 November 2013
Private Equity investment firm Brainworks Capital is set to make a mandatory offer to all listed African Sun shareholders. This is after the group recently completed an acquisition of 36.51% of the to...
By Staff reporter | Published: 06 November 2013
Chief executive of food and beverages manufacturing concern Cairns Foods Ltd Mr Silas Gweshe has resigned ahead of the completion of the acquisition of a controlling stake in the company by Vasari Gl...
By Business Reporter | Published: 06 November 2013
THE Reserve Bank of Zimbabwe has given local banks the go ahead to individually apply for permission to join the Sadc Integrated Regional Electronic Settlement System after the banks successfully test...
By Staff reporter | Published: 06 November 2013
The Supreme Court has ordered the Zimbabwe Allied Banking Group (ZABG) to reinstate its former Head of Compliance section Stella Nhari who was unlawfully dismissed by the financial institution in 2008...
By Staff reporter | Published: 05 November 2013
Impala platinum says it is on course to complete the Zimplats Phase 2 expansion project which is expected to increase the country's annual platinum output to 430 000 ounces.Implats, which is a major ...
By Staff reporter | Published: 05 November 2013
The Shipping and Forwarding Agencies of Zimbabwe (SFAAZ) has raised concern of the delays by the National Railways of Zimbabwe (NRZ) in delivering cargo to various parts of the country especially Hara...
By Staff reporter | Published: 05 November 2013
Meikles department stores has reversed its decision to retrench 55 of its workers after the retrenchment board ordered it to pay out almost $1 million in retrenchment packages.Meikles department store...
By Staff reporter | Published: 05 November 2013
GOVERNMENT says it will review mining royalties and rates of taxation with a view to reduce the cost from mining charges to ensure optimal exploitation of minerals, Deputy Minister of Mines and Mining...
By Staff reporter | Published: 05 November 2013
Metallon Gold Zimbabwe group chief executive officer Mr Allan Mashingaidze has resigned barely a year after his two predecessors also resigned. In a telephone interview, Metallon corporate affairs m...
By Staff reporter | Published: 05 November 2013
HOTEL group African Sun Limited has reduced its short-term debt by more than 30 percent following the disposal of some shares in property firm, Dawn Properties. As at 31 March, ASL's short-term debt s...
By Business Reporter | Published: 05 November 2013
Minister faces court over labour reform delay 
South African ambassador falls to death from Paris hotel room 
India dumps US Treasury bills 
ZSE and VFEX recover after weak 1st half 
Gold edges up as traders await guidance 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
