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
PLATINUM miner Mimosa faces a wave of strikes over plans to cut up to 700 jobs. The Zvishavane-based miner is also mulling wage cuts citing operational challenges.Top management from Implats and Aquar...
By Staff reporter | Published: 05 November 2013
Islamic group Orischart says it is in negotiations with monetary authorities in Zimbabwe to introduce Islamic banking in the country.Ashirai Mawere, an Orischart official, told businessdaily that the...
By Staff reporter | Published: 05 November 2013
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The Zimbabwe Energy Regulatory Authority (ZERA) is concerned with the slow pace at which some licensed Independent Power Producers (IPP's) are implementing their projects.ZERA has in recent years lic...
By New Ziana | Published: 04 November 2013
The Grain Marketing Board (GMB) said on Sunday it now owed wheat and maize farmers at least $3.2 million after paying part of the debt owed to them.Government recently released at least $9 million to ...
By New Ziana | Published: 04 November 2013
The Industrial Development Corporation (IDC) is still hunting for an investor to take over its 49 percent shareholding in Bulawayo based manufacturing firm, Zimbabwe Grain Bag (ZGB).The company was ...
By New Ziana | Published: 04 November 2013
One thousand Zimbabwean smallholder farmers are set to benefit from a $3 million Food and Agriculture Organisation (FAO) project meant to improve and sustain households, and national food and nutritio...
By Staff reporter | Published: 04 November 2013
The African Development Bank (AfDB) says there is a need for local fertiliser manufacturers to devise ways of boosting production to stem increasing imports of the commodity into the country.Citing th...
By New Ziana | Published: 04 November 2013
THE Cold Storage Company (CSC) is $22 million in the red and could have its property attached to settle the debt, it has emerged.Sources close to the operations of the parastatal revealed that the deb...
By Staff reporter | Published: 04 November 2013
ECONET Wireless is on the verge of concluding negotiations with Cell Insurance to underwrite its new insurance product as the mobile phone firm turns to value-added products to grow revenue, sources c...
By Staff reporter | Published: 04 November 2013
Government must prioritise the recapitalisation of the Reserve Bank of Zimbabwe (RBZ) in the forthcoming 2014 National Budget to help ease liquidity challenges in the country, the Bankers Association ...
By Staff reporter | Published: 04 November 2013
Bikita West MP Munyaradzi Kereke has charged that EcocashSave was illegal and violated the country's constitution and banking laws.Kereke distributed a document: Advisory Memorandum to Econet Wireless...
By newsday | Published: 03 November 2013
Market analysts say Zimbabwe is poised to become a major force in the global platinum trade given the challenges facing South Africa's platinum sector.With the high cost of production and recent job ...
By Staff reporter | Published: 02 November 2013
The mining sector has maintained its position as Zimbabwe's main export earner after raking $1,3 billion in the past eight months.Official data released shows that despite the limited inflows from Zim...
By Staff reporter | Published: 02 November 2013
The dispute between Meikles stores and its employees has taken a new twist following the giant retail company's refusal to adhere to the outcome of the judgment from the National Retrenchment Board.Me...
By Staff reporter | Published: 01 November 2013
Mnangagwa promotes son to senior army rank 
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 
Mupita's MTN pay surges 53% to R99.3m 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
