Shoe manufacturing company, Bata, shut down with effect from yesterday in what company officials say is phase one of the annual shutdown, meant to address the operational challenges besetting the firm...
By Business reporter | Published: 06 August 2013
CRESTA Sprayview Hotel in the resort town of Victoria Falls has reopened after undergoing a $1,7 million refurbishment ahead of the United Nations World Tourism Organisation (UNWTO) general assembly, ...
By Victoria Falls Reporter | Published: 06 August 2013
Bloomberg News reports that most Zimbabwean banks stopped making new loans because of concern over the policies President Robert Mugabe will pursue after he won an election described by his main rival...
By Bloomberg News | Published: 06 August 2013
Mwana Africa has written off Bindura Nickel Corporation's non-current assets on concerns over viability of the subsidiary’s operations, plunging the AIM-listed group into a humongous loss. In a stat...
By Business reporter | Published: 06 August 2013
Beverages group, Delta Corporation has launched a promotion to push sales volumes of its quart and magnum beers on the market. Faced with a four percent slump in sales, Delta is hoping that the $150 0...
By Business Reporter | Published: 06 August 2013
AIR France KLM Group says it has signed an agreement with Air Zimbabwe to ensure the national airline's recently acquired two aircraft receive necessary support.The Government recently leased two 150-...
By Business Reporter | Published: 05 August 2013
Air Zimbabwe is set to resume flights to London in November this year, nearly two years after the national carrier stopped flights owing to viability problems. The airline stopped flights to London in...
By Business reporter | Published: 05 August 2013
Zimbabwe's largest platinum miner, Zimplats, has recorded a 66% decline in operating profit to $22.5 million in the second quarter ended June 31, 2013 due to a drop in sales and a decrease in metal pr...
By Business reporter | Published: 05 August 2013
ZIMPLATS, the country's largest platinum miner, has spent about US$50 million in three months to June this year on procurement of goods from local firms, the company has said. This was 16 percent high...
By Business Reporter | Published: 05 August 2013
Hwange Colliery's bid to bar its business partner, a Chinese-owned firm, Hwange Coal Gasification Company, from selling coal stocks and coking oven battery hit a snag recently after High Court judge J...
By Business reporter | Published: 01 August 2013
TOTAL banking sector loans and advances increased by 5,56 percent from $3,401 billion in January to $3,59 billion in May.According to the 2013 mid-term fiscal policy statement presented by Finance Min...
By Business Reporter | Published: 01 August 2013
BINDURA Nickel Corporation warned of potential material uncertainty on its status as a going concern if it fails to obtain short-term bridging finance and execute a revised mining plan. Africa's only ...
By Business Reporter | Published: 01 August 2013
THE Postal and Telecommunications Regulatory Authority of Zimbabwe last week cancelled internet service provider Valley Technologies' operating licence for failing to meet the regulator's requirements...
By Business Reporter | Published: 01 August 2013
With just two days to go before Zimbabwe's crucial elections, the country’s two major mobile service providers have still not resolved a standoff over licensing. that has left millions of their cu...
By Staff reporter | Published: 30 July 2013
Astra Industries is awaiting approval from the Competition and Tariff Commission following the acquisition of a controlling stake in the company previously owned by the Reserve Bank. Astra yesterday a...
By Business reporter | Published: 30 July 2013
Cairns Holdings judicial manager Reggie Saruchera says none of the potential investors who submitted bids to acquire the Reserve Bank's stake in the company had indicated plans to lay off workers. Thi...
By Business reporter | Published: 30 July 2013
Zimbabwe Newspapers will next month commission a US$2,2 million highly digitalised and efficient printing press, chief executive Justin Mutasa has said. Technicians from TPH, an Indian firm, have fini...
By Staff reporter | Published: 30 July 2013
Celsys said discussions with a local investment group led by Mr Lovemore Chihota regarding the offer for the acquisition of all the assets of its Blueberry International subsidiary had since been comp...
By Business reporter | Published: 30 July 2013
ALTERNATIVE Investment Market-listed Cambria Africa Plc has withdrawn its offer to Celsys Limited minority shareholders in what also effectively puts off its plans to list on the Zimbabwe Stock Exchan...
By Staff reporter | Published: 30 July 2013
COMMERCIAL lawyer Mr Addington Chinake has been appointed chairman of Astra Industries following the acquisition of the company's 63 percent by a local firm, Hemistar Investments.Former chairman Dr Ch...
By Business Reporter | Published: 30 July 2013
Air Zimbabwe has added another new route to ferry passengers between Johannesburg and the resort town of Victoria Falls. Initially the flights will be offered twice a week on Fridays and Sundays with...
By Business reporter | Published: 30 July 2013
GERMANY-HEADQUARTERED logistics company DHL International will this week increase the number of flights to Zimbabwe from three to five due to an increase in the volumes of business in the country, an ...
By Business Reporter | Published: 29 July 2013
African paint manufacturer, Kansai Paint, has partnered with the management and staff of Zimbabwean group Astra Industries to buy a 63.25 percent interest in the company from the Finance Trust of Zim...
By Business reporter | Published: 29 July 2013
The government says it has held discussions with mobile network operators Econet and Telecel to resolve their interconnection dispute through its regulator Postal and Telecommunications Regulatory Au...
By Staff reporter | Published: 27 July 2013
Zimbabwe's economic growth for 2013 has seen a slight improvement from last year, offering scores of opportunities to South African based property companies.The rapid Gross Domestic Product growth and...
By SA Commercial Prop News | Published: 26 July 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
