Star Africa Corporation Limited (Star Africa)'s shareholders have approved the group's plan to dispose of its 33,3 percent stake in Tongaat Hulett (Tongaat) Botswana as part of strategies to raise cap...
By Business reporter | Published: 23 July 2013
TELONE, the country's sole telephone landline service provider, has started taking legal action against hundreds of its customers to recover thousands of dollars in unpaid telephone bills. A majority ...
By Business reporter | Published: 23 July 2013
EMPOWERMENT Corporation will soon increase its shareholding in Telecel Zimbabwe to 60 percent after Government directed controlling shareholder Telecel International to surrender 20 percent of its sta...
By Business reporter | Published: 23 July 2013
While the 2013 tobacco selling season officially ended on July 5 after 99 days of trading, contract sales continue to trickle in taking the funds realised by farmers to $598m. Market watchers contend ...
By Business reporter | Published: 23 July 2013
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Belgian-based financial consultancy and investment firm deVere Group (deVere) plans to strengthen its foothold in Zimbabwe after cutting ties with Tetrad Investment Bank. Last week, the group, with an...
By Business reporter | Published: 23 July 2013
About 114 disgruntled workers at Lynx Mine in Karoi last week staged a 3-day underground strike as they demanded the axing of senior managers they accused of being insensitive to their plight. The str...
By Staff reporter | Published: 22 July 2013
New Dawn Mining Corporation has threatened to divest from Zimbabwe if its planned cost-reduction measures fail and the international gold price continues to fall.The gold miner - operating five mines ...
By Business reporter | Published: 22 July 2013
Just as there was drama and intrigue when Masawara acquired the former BP & Shell assets in 2010, last week's disposal of the same assets continues to court controversy after a Mauritian joint ve...
By Business reporter | Published: 22 July 2013
DRUG manufacturing company CAPS Pharmaceuticals has collapsed after the firm's factory premises in Harare's Southerton industrial area was last week auctioned for US$1,5 million cash.This was after t...
By Business reporter | Published: 22 July 2013
OK Zimbabwe achieved revenue of $123.1 million which was a growth of 5.1% over same quarter of F13. Management says this was slightly below its rather aggressive budget which took into account anticip...
By Business reporter | Published: 19 July 2013
OK Zimbabwe achieved revenue of $123.1 million which was a growth of 5.1% over same quarter of F13, CEO Willard Zireva told the AGM this morning. "This was slightly below our rather aggressive bu...
By Business reporter | Published: 19 July 2013
Mobile and internet based transactions have for the first time surpassed card payments after registering a 28.3% growth in the month of May as more account holders turn to the convenience of mobile ba...
By Business reporter | Published: 19 July 2013
TELECEL Zimbabwe has started regularising its lopsided shareholding, a precondition for the renewal of its expired mobile licence, after emissaries of its shareholders met Government officials t...
By Business Reporter | Published: 19 July 2013
ZIMBABWE Stock Exchange-listed agri-industrial firm Aico Africa Ltd is set to dispose of a 20 percent shareholding in Seed Co to a United Kingdom seed company, Limagrain, sources familiar with the mat...
By Business Reporter | Published: 19 July 2013
MBCA Bank has secured US$75 million from majority shareholder, Nedbank Group of South Africa, to provide lines of credit to Zimbabwean companies.MBCA managing director, Charity Jinya, last week told T...
By Business reporter | Published: 19 July 2013
Fixed telephone operator TelOne, has launched a high speed Internet connection known as Asymmetric Digital Subscriber Line (ADSL) Broadband in Masvingo. The new package is targeted at home users and o...
By Business reporter | Published: 18 July 2013
New Dawn Mining reported consolidated gold production for the quarter ended June 30, 2013 of 9,986 ounces as compared to consolidated gold production for the quarter ended June 30, 2012 of 9,536 ounce...
By Business reporter | Published: 17 July 2013
A TEAM from Orascom Telecom Company, Telecel Zimbabwe's parent company, will this week engage Ministry of Transport, Communication and Infrastructural Development officials in a bid to renew the mobi...
By Business reporter | Published: 17 July 2013
THE National Railways of Zimbabwe is courting potential investors to build a railway line that will link the country to Kafue in Zambia and the Democratic Republic of Congo, the general manager, Air ...
By Business reporter | Published: 17 July 2013
Pretoria Portland Cement says it is on track with a feasibility study to set up a new cement plant in Mashonaland.The company last year announced plans for a massive investment in Mashonaland for a n...
By Business reporter | Published: 17 July 2013
AIM-listed African Consolidated Resources requires $15.7 million to fund the introduction of a four-month preproduction ore stockpile, for the Pickstone Peerless gold project in Zimbabwe as it moves ...
By Business reporter | Published: 17 July 2013
Telecel is now offering smart phones and iPads on credit combined with any one of its Telecel Red packages.The mobile devices are available on credit on 11 month or 24 month contracts for subscribers...
By Business reporter | Published: 17 July 2013
Babcock, the importer and distributor of DAF trucks in Southern Africa, has delivered five XF truck-tractors and two rigid XF trucks to Mutare Bottling, the Manicaland Coca-Cola and Schweppes franchi...
By Staff reporter | Published: 17 July 2013
INDUSTRY and Commerce minister Welshman Ncube says government's steel production partnership with Essar Africa Holdings (Essar) will not be affected by a change in government ahead of general election...
By Staff reporter | Published: 16 July 2013
A unit of Australia Stock Exchange listed Prospect Resources has invested in Zimbabwe's gold mining sector after the Zimbabwe Investment Authority approved the acquisition of a majority shareholding o...
By Business reporter | Published: 16 July 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
