FINANCIAL SERVICES

BAZ castigates Zibawu

The Bankers Association of Zimbabwe (BAZ) has taken a swipe at the current collective job action and picketing by the Zimbabwe Banks and Allied Workers Union saying that the trade union is in breach o...

By Staff reporter | Published: 27 September 2013

MINING & RETAIL

Zimbabwean appointed to Dubai diamond exchange board

Former Mines and Mining Development permanent secretary Prince Mupazviriho has been appointed to the board of the Dubai Diamond Exchange (DDE), one of the world leading precious stones trading platfor...

By Staff reporter | Published: 27 September 2013

MINING & RETAIL

Angloplats strike update

Anglo American Platinum confirmed on Friday that members of the Association of Mineworkers and Construction Union (Amcu) at its operations in Rustenburg and the North of the Pilanesburg have embark...

By Staff reporter | Published: 27 September 2013

CONSTRUCTION & PROPERTY

Masimba Holdings engages govt on products movement in the region

Masimba Holdings Limited CEO Canada Malunga told an analyst briefing yesterday that the Group is engaging the government on products movement in the region as the group is facing stiff competition fro...

By Staff reporter | Published: 27 September 2013

TELECOMS & TECHNOLOGY

Vodacom to buy R5bn stake in Neotel

Johannesburg - Vodacom Group [JSE:VOD] is in talks to buy Tata Communications' stake in South African telecoms operator Neotel for more than R5bn, Bloomberg reported on Friday, citing a person familia...

By Reuters | Published: 27 September 2013

TRANSPORT & TOURISM

Emirates voted the Best International Airline by Zimbabwe Travel Agents

Emirates, which flies daily from Harare to Lusaka and Dubai, has been voted the Best International Airline at the Association of Zimbabwe Travel Agents (AZTA) Awards held in Harare last week (Septembe...

By Staff reporter | Published: 27 September 2013

FINANCIAL SERVICES

THI Insurance selects Agilis Core General Insurance software

Agile Financial Technologies, a leading software provider for insurance, banking and financial services sectors, announced that it has won the contract to deploy Agilis Core General Insurance software...

By Business reporter | Published: 27 September 2013

CONSTRUCTION & PROPERTY

Respectable results from Zimre

ZIMRE reported a respectable set of results as operating profit significantly increased to $1.6m from a loss of $1.1m in the prior period. Profit before tax for the group improved from a loss of $1.4...

By Staff reporter | Published: 27 September 2013

LANDS & AGRICULTURE

Star Africa to conclude disposals by 30 November 2013

Pursuant to the passing of the Scheme of Arrangement, Starafrica has published an update. Negotiations with potential buyers of Starafrica's investment in Tongaat Hulett Botswana and Bluestar Logistic...

By Staff reporter | Published: 27 September 2013

CONSTRUCTION & PROPERTY

Masimba Holdings report a set of flat numbers

Masimba Holdings Limited reported a set of flat numbers with revenue going up 2.2% to $44m on the back of a 66% contribution from Construction and 34% contribution from Manufacturing. Compared to the ...

By Staff reporter | Published: 27 September 2013

FINANCIAL SERVICES

CBZ Holdings offers a nil cost dealing facility

CBZ Holdings is offering a Nil Cost Dealing Facility (NCDF) to shareholders with shareholding not exceeding 5,000 shares. The facility is targeting 9,888 shareholders and 7,710,510 shares. The NCDF w...

By Staff reporter | Published: 27 September 2013

MINING & RETAIL

Mineral revenue forecast to net $5 billion by 2018

Zimbabwe's mining sector has a the potential to boost national economic activity given that it has grown by 35 percent in the period 2009 to 2011 with its contribution to Gross Domestic Product risin...

By Staff reporterq | Published: 26 September 2013

TELECOMS & TECHNOLOGY

TelOne introduces one stop shops

TelOne has embarked on the transformation of its service centres countrywide into one stop convenient shops.Speaking to journalists on the sidelines of the official opening of TelOne's first one stop ...

By Staff reporter | Published: 26 September 2013

INDUSTRIALS & ENERGY

RBZ disposes Astra stake to Kansai Plascon

Reserve Bank of Zimbabwe has disposed 49 percent of its 63 percent stake in the Astra industries to a Japanese paint manufacturing giant Kansai Plascon in a deal worth $5,5million.The disposal is part...

By Staff reporter | Published: 26 September 2013

LANDS & AGRICULTURE

Padenga's sale of alligator skins to more than double

Padenga CE Gary Sharp told an analyst briefing this morning that the Group will focus on increasing throughput at the skinning service plant and the meat plant while sale of alligator skins will more ...

By Staff reporter | Published: 26 September 2013

INDUSTRIALS & ENERGY

Zimpapers grows revenue by 14% to $22 milliom

Zimpapers released a decent set of results with a 14% growth in revenue to $22.4m. The gross profit increased by 21% to $16.5m on efficient purchasing of critical raw materials mainly newsprint and i...

By Staff reporter | Published: 26 September 2013

LANDS & AGRICULTURE

Padenga release a muted set of financials

Padenga Holdings Limited posted a muted set of financials as the culling of the Niloticus was delayed in order for the operation to realise best quality skins. Nonetheless, the business fundamentals ...

By Staff reporter | Published: 26 September 2013

LANDS & AGRICULTURE

Dendairy invests $6m in plant

KWEKWE based dairy concern, Dendairy, has invested $6 million in the purchase of a tetrapak plant which will see the company becoming the first local dairy firm to introduce long shelf-life milk on th...

By Staff reporter | Published: 26 September 2013

MINING & RETAIL

'Zim needs FDI in mining,' says Chidhakwa

Zimbabwe needs to implement friendly policies to attract investors in the capital intensive sectors, newly appointed Mines minister Walter Chidhakwa has said.Chidhakwa told delegates attending the 5t...

By Staff reporter | Published: 26 September 2013

MINING & RETAIL

EU lifts ZMDC trade sanctions

THE European Union officially lifted its trade embargo on the Zimbabwe Mining Development Corporation (ZMDC) with effect from yesterday, paving way for the export of diamonds from Marange Diamond Fiel...

By Staff reporter | Published: 26 September 2013

TRANSPORT & TOURISM

Air Zimbabwe rot exposed

Fresh details of the leadership crisis at Air Zimbabwe have emerged, with forensic auditors exposing possible manipulation of aviation insurance policies by past and present bosses, which could have p...

By Staff reporter | Published: 26 September 2013

FINANCIAL SERVICES

Fears of conflict of interest at NMB

There is potential for conflict of interest at NMB arising from the fact that one of the major shareholders sits on its board of directors despite having a vested interest in some of the transactions...

By Staff reporter | Published: 26 September 2013

FINANCIAL SERVICES

Short-term non-life insurance records growth

Zimbabwe's short-term non-life insurance industry has recorded a 7.56% increase in gross premiums to $117. 8 million for the 6  months ended June 30, 2013 due to growth in volumes of business gen...

By Staff reporter | Published: 26 September 2013

MINING & RETAIL

New Dawn to delist from Toronto bourse

Canada-based New Dawn Mining Corporation plans to delist from the Toronto Stock Exchange and move its operations in the tax haven of Cayman Islands as part of on-going attempts to cut costs. The Zimba...

By Business Reporter | Published: 25 September 2013

MINING & RETAIL

Zimbabwe pledges investor-friendly mining sector policies

The government has assured existing and potential investors in the mining sector that it will continue to pursue investor friendly policies which seek to increase foreign direct investment and sustain...

By Staff reporter | Published: 25 September 2013

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