THE International Finance Corporation has snapped about 10,3 percent stake in ABC Holdings after exercising an option to convert a 78 million pula (US$9,2 million) loan to the banking group into equi...
By Business Reporter | Published: 10 June 2013
ZIMBABWE is losing over $50 million worth of gold every month to smuggling activities, according to the Minerals Marketing Corporation of Zimbabwe (MMCZ).Owing to the inability of government to finan...
By Business reporter | Published: 10 June 2013
Jericho Advertising was honoured tonight at South Africa's prestigious AdReview Awards Ceremony in Johannesburg, walking away with the Africa Advertising Agency of The Year Award.Jericho CEO, Denf...
By Own correspondent | Published: 10 June 2013
The Bon Marche supermarket chain in Harare, Zimbabwe, held its fourth Aerobathon on Saturday the 23rd of March 2013. The aim was to promote a healthy lifestyle for Bon Marche customers in a fun and f...
By OK Zimbabwe | Published: 10 June 2013
The OK supermarket chain in Zimbabwe celebrated the opening of its new Wynne Street branch in Harare on Thursday the 9th May 2013. OK's valued partner suppliers were on hand to provide a carnival atm...
By Staff reporter | Published: 10 June 2013
Air Zimbabwe has taken delivery of an Airbus A320 which is expected to ply the Johannesburg route.The plane, which was going under routine maintenance and safety checks Thursday at the Harare Interna...
By Staff Reporter | Published: 10 June 2013
SeedCo is seeing more cash being generated by the business as the stock holding levels are being reduced, Chief Executive Officer Morgan Nzwere told analysts at a briefing yesterday.The group's sale...
By Business reporter | Published: 10 June 2013
Turnall saw a rebound in sales and demand in the month of April and grew sales for that month to bring volume deficit down from the 16% in Q1 to 6% for the year to April 2013, MD John Jere told the A...
By Business reporter | Published: 10 June 2013
Lafarge's performance in the first 4 months was unchanged with revenue of $21.7 million, almost the same figure posted in the comparative period, MD Jonathan Shoniwa told the AGM this morning. "...
By Business reporter | Published: 10 June 2013
NetOne Cellular (Private) Limited lost thousands of dollars to its customer care service officer who allegedly converted US$84 900 worth of airtime to his own use.Reuben Langton Mujuru (29) was a sal...
By Court reporter | Published: 10 June 2013
NicozDiamond's profitability in the 4 months to April is in line with budget expectations with the Gross Premium Written improving by 31.25% to $10.5 million as at 30 April 2013, group MD Grace Murad...
By Business reporter | Published: 10 June 2013
Luxury bus firm City Link Coaches fears a court order compelling it to pay close to a million dollars in debt will cripple its operations.According to court papers, the lawsuit emanated from a luxury...
By Staff reporter | Published: 10 June 2013
Barclays Bank Zimbabwe recently launched Cashsend, a simple money transfer solution that enables a Barclays customer with any Barclays debit card to send money to anyone in Zimbabwe. The recipient re...
By Business reporter | Published: 10 June 2013
UNITED STATES private equity firm Equator Capital is nearing a deal to acquire a 10 percent shareholding in Zimbabwe Stock Exchange-listed financial group, FBC Holdings, sources familiar with the dea...
By Business reporter | Published: 10 June 2013
At least 30 estate agents have so far this year failed to renew their licences for various reasons, an official said last week.Estate Agents Council of Zimbabwe registrar Mr Bennias Gweme told New Zi...
By New Ziana. | Published: 10 June 2013
Global electronics manufacturer LG Electronics has partnered with Edgars in distributing its products as it continues to increase its market footprint in the country. Demand planner and assistant p...
By Staff reporter | Published: 10 June 2013
Delta's revenue and margins for the year ending 31 March 2013 were driven by premiumisation in lager beer and soft drinks and price correction in Chibuku, CEO Pearson Gowero told an analyst briefing...
By Business reporter | Published: 10 June 2013
The country's fixed telecommunications network operator, Tel*One is understood to have been rocked by a scandal involving the diversion of employee benevolent funds to a microfinance institution, pre...
By Business reporter | Published: 10 June 2013
At least 33 Zimbabwean companies yesterday received awards from a South African-based consultancy firm, PMR Africa. The awards were based on points that the companies accrued in a survey that PMR ca...
By Staff Reporter | Published: 10 June 2013
Delta Corporation Limited, ZImbabwe's brewing giant, posted another punchy set of results showing a solid 39% growth in net income to $102.5m, beating analyst estimates of $96.0m for the final resu...
By Mafu Sithabile | Published: 10 June 2013
New Dawn Mining said its operations and development plans in Zimbabwe could be impacted by various factors, including, for example, increased taxes and royalties, mining fees, power and labor costs,...
By Mafu Sithabile | Published: 10 June 2013
Employers and employees will pay more pension contributions to the National Social Security Authority (NSSA) after the raising of pension fund by one percent.The development, to be effected in June, ...
By Staff Reporter | Published: 10 June 2013
Government is to sign an agreement with Green Fuel this week to pave way for the issuance of a five percent mandatory blending licence.The agreement will see government owning a 51 percent share.The...
By Staff Reporter | Published: 10 June 2013
Innscor Africa faces a penalty from the Competition and Tariff Commission for not giving notice of its intent to acquire a majority stake in National Foods. The commission noted during a stakeholder...
By Business reporter | Published: 10 June 2013
MBCA Bank and Mukuru.com have partnered in providing instant money transfer service to MBCA and non-MBCA customers.MBCA Bank said it is pleased to be in partnership with Mukuru.com in the provision o...
By Staff reporter | Published: 10 June 2013
Zimbabwe govt pledges timely wheat payments 
Jabulani Khumalo banks on captured ConCourt to unseat Zuma 
China sanctions two EU banks 
ZSE pushes for another equities tax cut to boost selloffs 
2030: Zimbabwe will be using domestic currency 
Zimbabwe labs struggle with a surge in mineral samples 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
