INDUSTRIALS & ENERGY

DANDY Zimbabwe to expand operations

Chewing gum manufacturer, Dandy Zimbabwe is working on a recapitalisation package to boost capacity from 30 percent to 60 percent by year end.Dandy Zimbabwe managing director Mr Peter Morgansen said ...

By Staff reporter | Published: 25 September 2013

INDUSTRIALS & ENERGY

General Beltings fails to turn around

Conveyor belt manufacturer, General Beltings Holdings (GBH) said on Tuesday it failed to return to profitability despite accessing $1 million from the Distressed and Marginalised Areas Fund (Dimaf) to...

By Staff reporter | Published: 25 September 2013

MINING & RETAIL

Trojan mine recovery on course

Bindura Nickel Corporation subsidiary Trojan Mine has so far produced around 1 800 tonnes of concentrate from over 253 392 tonnes of ore since it resumed production early this year, an official has sa...

By Staff reporter | Published: 25 September 2013

TRANSPORT & TOURISM

Meikles $8,5 million refurbishment complete

Meikles Hospitality says the $8,5 million refurbishment of its hotel's north wing is now complete and guests are already being booked into the new rooms.The refurbishment drive, which started in April...

By Staff reporter | Published: 25 September 2013

MINING & RETAIL

Zimbabwe mining growth jumps 35%

THE mining sector has grown by an astonishing 35 percent in the period 2009 to 2011 with its contribution to Gross Domestic Product rising from 4 percent to 16 percent, industry data shows.According t...

By Staff reporter | Published: 25 September 2013

CONSTRUCTION & PROPERTY

Dawn Properties revenue up 3%

Dawn Properties' Chief Executive Justin Dowa told the AGM earlier today that revenue for the 4 months to July 2013 grew by 3% to $1.8 million with rental income remaining flat. Trading conditions...

By Staff reporter | Published: 25 September 2013

TELECOMS & TECHNOLOGY

Econet begins EcoCash expansion

Econet Wireless is undertaking a multi-million dollar expansion of its mobile money service, EcoCash, in response to its dramatic and unexpected growth since its launch in September 2011.The expansion...

By Own correspondent | Published: 25 September 2013

FINANCIAL SERVICES

Zibawu petitions Barclays

The Zimbabwe Banks and Allied Workers Union (ZIBAWU) has petitioned the Barclays bank to refrain from the alleged refusal to negotiate in good faith with employees on working conditions.The bank worke...

By Staff reporter | Published: 24 September 2013

TELECOMS & TECHNOLOGY

Telecel extends Mega Bonus Reloaded promotion

Telecel Zimbabwe has extended until the end of October its popular Mega Bonus Reloaded promotion, which was introduced in June this year and had been due to end on August 31. The Mega Bonus Reloa...

By Chengetai Chinembiri | Published: 24 September 2013

TELECOMS & TECHNOLOGY

Microsoft launches Office 365 in Zimbabwe

Microsoft Corporation yesterday announced the commercial launch of its latest offering, the Microsoft Office 365 in Zimbabwe. This is the newest cloud based service tailor made for all businesses of a...

By Staff reporter | Published: 24 September 2013

TELECOMS & TECHNOLOGY

NetOne disconects over 100 000 unregistered clients

State-owned mobile phone network provider NetOne said on Monday it has disconnected over 100 000 unregistered subscribers as it complies with a Postal and Telecommunications Regulatory Authority of Z...

By Staff reporter | Published: 24 September 2013

TRANSPORT & TOURISM

Indian investors to invest in Zimbabwe tourism

More than 36 Indian investors have expressed an interest in investing in the country's tourism industry, an incentives analyst has said.According to the analyst Mr Glen Byrom, who was part of a delega...

By Staff reporter | Published: 24 September 2013

MINING & RETAIL

Zimbabwe mining Indaba opens tomorrow

THE Zimbabwe Mining and Infrastructure Indaba opens in Harare tomorrow with the ultimate objective to further entrench the country's position as a premier destination for foreign direct investment.Acc...

By Staff reporter | Published: 24 September 2013

LANDS & AGRICULTURE

Zimplow secures $5m

Zimplow Limited will tomorrow seal a $5 million line of credit from Brazil in what is expected to boost volumes at the group's tractor manufacturing division.Group chief executive Mr Zondo Kumwenda sa...

By Business reporter | Published: 24 September 2013

INDUSTRIALS & ENERGY

Aaroh Mart opens doors in Bulawayo

AAROH Mart, the latest retail branch operated by Bulawayo business mogul Raj Modi, yesterday officially opened its doors to the public.The latest entrant in the supermarket retail business situated at...

By Staff reporter | Published: 24 September 2013

INDUSTRIALS & ENERGY

MARS workers strike

ABOUT 60 employees at a privately-owned emergency health service provider, Medical Air Rescue Services (MARS), staged a sit-in at the firm's Harare branch yesterday and handed in a petition demanding ...

By Staff reporter | Published: 24 September 2013

TRANSPORT & TOURISM

Emirates spread its wings across the Atlantic

Emirates, which flies daily from Harare to Lusaka and Dubai, is to launch a further transatlantic link with the start of flights to Boston from March 10, 2014.This will be the airline's 8th route into...

By Staff reporter | Published: 23 September 2013

INDUSTRIALS & ENERGY

ZETDC urges consumers to pay bills

Zimbabwe Electricity Transmission and Distribution Company has urged consumers to pay their bills to ensure uninterrupted supplies.ZESA slashed domestic debts by $160 for every household while writing...

By New Ziana | Published: 23 September 2013

INDUSTRIALS & ENERGY

NTS to focus on revenue growth

NTS Chief Operating Officer Tafadzwa Choto told the AGM on Friday that NTS will continue to focus on revenue growth buttressed by volume growth, focused cost management and management of collections, ...

By Staff reporter | Published: 23 September 2013

CONSTRUCTION & PROPERTY

Chinese take over Zimbabwe construction industry

PLAYERS in the construction sector have called on the new government to put in place policies and laws that protect local contractors and help revive the sector.Local contractors are facing stiff comp...

By Staff reporter | Published: 23 September 2013

MINING & RETAIL

Unki Platinum mine under investigation

South African-based producer of platinum group metals Anglo American Platinum (Amplats) has launched an investigation into its wholly owned local subsidiary Unki Platinum Mine over a multi-million-do...

By Staff reporter | Published: 23 September 2013

LANDS & AGRICULTURE

New strategy needed for GMB, says Sipepa-Nkomo

Samuel Sipepa-Nkomo, shadow minister of Agriculture, Land and Water Development, has urged government to give priority to other potential areas of investment than continuously pumping money into the...

By Staff reporter | Published: 23 September 2013

INDUSTRIALS & ENERGY

TN on recruitment drive

Household furniture manufacturer and retail company TN Harlequin Luxaire Limited has embarked on a recruitment drive to enrol agents that distribute its products countrywide. TN Harlequin chief execut...

By Staff reporter | Published: 23 September 2013

MINING & RETAIL

Mining companies stock market participation still low

The participation of mining companies on the ZSE is still low accounting for less than 2% of the total market capitalisation 5 years after the country introduced multi-currencies. Statistics from ...

By Staff reporter | Published: 23 September 2013

FINANCIAL SERVICES

Industry calls for joint credit bureau

Plagued by high non-performing loan and debtors books, banks and retailers are pushing for the creation of a credit bureau, businessdigest reported.This comes as it emerged banks and retailers are con...

By Staff reporter | Published: 20 September 2013

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