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
MBCA Bank, a unit of South Africa's Nedbank, has positioned itself to take advantage of opportunities that may be presented by the political and economic environment after the harmonised elections.Ba...
By Business reporter | Published: 19 August 2013
A cash-rich Malaysian-based private equity fund has snapped more than a tenth of CBZ issued shares in a special bargain deal worth $8.3 million. Close sources said Safari Quantum bought 55.67 million...
By Staff reporter | Published: 19 August 2013
MEIKLES Limited has secured funding for its capital projects as it reported strong interims for the period ended June 30 with most divisions showing growth. "The group has secured long term funding f...
By Business reporter | Published: 19 August 2013
MOBILE telecommunications giant Econet Wireless says it has slashed the cost of calls to other mobile phone operators' networks by 60 percent in what seems a direct reaction to growing competition.Ec...
By Business reporter | Published: 19 August 2013
Toronto Stock Exchange-listed New Dawn Mining is considering disposing of 2 of its 5 mines in Zimbabwe as part of efforts to raise additional capital. This comes as the Zimbabwe focused gold miner's ...
By Staff reporter | Published: 19 August 2013
Old Mutual plc is consolidating its foothold in Africa as it seeks to leverage on growing opportunities emerging from the continent. The group, which recorded a robust operational performance in the...
By Staff reporter | Published: 19 August 2013
Meikles Stores says it will lay off 55 workers in Harare and Gweru as the retail giant continues making losses since the advent of dollarisation four years ago. But the process could run into problem...
By Staff reporter | Published: 19 August 2013
Tobacco growers have earned US$609 million from the sale of 165,5 million kg flue cured tobacco with the contract floors selling more than double the volume of tobacco sold through the auction floors....
By Business reporter | Published: 15 August 2013
THE tank 3-rebuild programme at Freda Rebecca is now complete paving the way for an increase in production.The tank sustained damages in a leach tank incident that occurred in February.According to Mw...
By Business reporter | Published: 15 August 2013
Progress has been made in getting better terms on the Meikles funds held on deposit with the RBZ, according a Meikles interim management report published today. "The discussions are nearing concl...
By Business reporter | Published: 15 August 2013
A Zimbabwe-based firm, Oxygen Group, with interests in venture partnerships and business advisory, has partnered a Swiss company Meeco Group to promote and develop the use of solar energy in the count...
By Business reporter | Published: 15 August 2013
The Competition and Tariffs Commission has approved the acquisition of Aon Holdings Limited majority stake by Masawara Mauritius Limited. Masawara is a diversified investment company with direct inter...
By Business reporter | Published: 15 August 2013
CALEDONIA Mining Corporation, which is listed on the Toronto Stock Exchange, expects Blanket Mine to exceed targeted annual gold output by 10 percent after production in the second quarter came in ah...
By Business reporter | Published: 14 August 2013
Zimbabwe army warns public over fake recruitment 
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 
Zimbabwe mobile sector grows as data usage surges 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
