FBC recorded a 20 percent increase in after tax profit to $8.3 million during the financial period ending June 30, 2013 as it continues to be well placed to exploit the new business environment.The pr...
By Business reporter | Published: 21 August 2013
Rainbow Tourism Group's growth strategy, which includes cost reduction and boosting of revenue, has begun paying dividends with the group achieving a 4 percent growth in revenue to $13,2 million durin...
By Business reporter | Published: 21 August 2013
Industrialists have called upon the government to make substantial investments in power generation and the adoption of renewable energy to boost industrial capacity utilisation.The call for the invest...
By Business reporter | Published: 21 August 2013
Econet Wireless's fairly new Chief Commercial and Customer Services Officer, Stan Henning announced today that Econet's LTE (commonly referred to as 4G) service has been officially switched on and ...
By Business reporter | Published: 21 August 2013
NATIONAL CARRIER Air Zimbabwe says its passenger patronage per flight is set to increase to between 90 and 95% courtesy of its on-going promotion which has seen a reduction in airfares by more than ha...
By Business reporter | Published: 21 August 2013
The cost of producing an ounce of gold under the World Gold Council's new all-in cost metric is $1 500/oz, says Gold Fields CEO Nick Holland.Holland, who addressed the Gordon Institute of Business Sc...
By Creamer Media Reporter | Published: 21 August 2013
LOCAL pharmaceuticals manufacturer MedTech Holdings has completed disposal of its subsidiary, Zimbabwe Pharmaceuticals, closed in November last year due to its continuous loss-making and viability con...
By Business reporter | Published: 21 August 2013
Mobile phone subscribers have criticised the country's telecoms regulator for ordering Econet to revert to old tariffs barely a week after the operator had slashed the rates by up to 60%. The Postal a...
By Business reporter | Published: 21 August 2013
STATE-OWNED Zimbabwe Mining Development Corporation (ZMDC) has spent $4 million in an effort to operationalise its exploration arm, more than six months after missing the initial deadline.ZMDC genera...
By Business reporter | Published: 21 August 2013
ZIMBABWE Stock Exchange listed conglomerate Meikles Limited has said its new foreign-based mining partner, Centar Mining, is ready to invest up to $500 million as the group spreads its tentacles into ...
By Business reporter | Published: 21 August 2013
Telecel is lighting up the Victoria Falls bridge between Zimbabwe and Zambia as part of its contribution to the United Nations World Tourism Organisation General Assembly being hosted by the two count...
By Business reporter | Published: 21 August 2013
POTRAZ has today directed Econet to revert to the old punitive pricing of 25 cents per minutes for calls. This is the first time POTRAZ has reacted publicly to the tariff wars."POTRAZ has order...
By Staff reporter | Published: 20 August 2013
Meikles Limited has agreed the rate of interest to be accrued on the funds held on deposit with the RBZ, Executive Chairman John Moxon told the AGM this morning. "The rate of interest to be acc...
By Business reporter | Published: 20 August 2013
South African retail giant Pick n Pay is expanding its presence in Zimbabwe through its partnership with TM Supermarkets, a subsidiary of Meikles Limited, by investing US$25-million to upgrade the ch...
By Business reporter | Published: 20 August 2013
Stakeholders in the construction industry are pinning their hopes on the availing of mortgage finance by financial institutions to boost their operational capacity to at least 60 percent.The construct...
By Business reporter | Published: 20 August 2013
Zimbabwe Platinum Mines Limited (Zimplats)' major shareholder Impala Platinum (Implats) has warned of a huge drop in its annual earnings due out end of August.The group - holding an 87 percent stake i...
By Business reporter | Published: 20 August 2013
Workers at a gold mine, the centre of a wrangle between Jamson Rushwaya and businessman Patterson Timba, have downed tools over an alleged outstanding $1,2 million wage bill.More than 300 employees of...
By Business reporter | Published: 20 August 2013
TN Mart, a unit of Lifestyle Holdings, has embarked on a massive downsizing exercise after the retailer closed four outlets in Harare last month, NewsDay reported.Lifestyle Holdings majority sharehol...
By Business reporter | Published: 20 August 2013
Insurance company Aon Holdings Limited will rebrand to Minerva Holdings following the successful acquisition of the company by Masawara Mauritius Limited. A source close to the development said follow...
By Business reporter | Published: 20 August 2013
Hwange Colliery Company Limited has acquired new equipment from China as the company targets to raise production, the company's spokesperson said yesterday. The coal mining company would receive the f...
By Business reporter | Published: 20 August 2013
The Zimbabwe Energy Regulatory Authority (ZERA) has given fuel dealers two months to comply with 5% mandatory blending following the licensing of the $600 million Chisumbanje ethanol plant under Green...
By Business reporter | Published: 19 August 2013
The Chamber of Mines says Zimbabwe's gold mining industry requires US$60 million annually to recapitalise operations.A survey carried out by the Chamber of Mines estimates that the gold mining industr...
By Business reporter | Published: 19 August 2013
ABC Holdings' board has appointed a sub-committee of independent directors to oversee evaluation of the business in order to appropriately advise minority shareholders to sell or keep their shares.The...
By Business reporter | Published: 19 August 2013
ONE miner was killed on Wednesday at Blanket Mine after he was trapped by his shifting chain, while two others were injured and rushed to Mater Dei Hospital with serious injuries, when the ground they...
By Staff reporter | Published: 19 August 2013
THE number of people dying in work-related accidents slightly declined to 38 in the first half of this year compared to 43 fatalities during same period last year, the National Social Security Authori...
By Business reporter | Published: 19 August 2013
Mliswa flees to South Africa? 
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
