MINING & RETAIL

Implats finally gives up 51% of Zimplats

IMPALA Platinum Limited is expected to sign the terms of the sale of a majority shareholding in its local unit, Zimbabwe Platinum Mines, today, a Cabinet minister has announced. Youth Development, I...

By Business reporter | Published: 10 June 2013
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TRANSPORT & TOURISM

Three local airlines get operating licences

THE Government has issued operating licences to three local companies that are expected to fly before the end of the  year.In an interview yesterday, Permanent Secretary in the Ministry of Tran...

By Staff reporter | Published: 10 June 2013
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TELECOMS & TECHNOLOGY

Cafca reports a 25% rise in turnover

Turnover for the twelve months was 25% up on the corresponding nine month period resulting in an operating profit of $2.382 million which was 19% greater than the nine month period reflecting a sta...

By Business reporter | Published: 10 June 2013
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FINANCIAL SERVICES

Banks are ready to lower lending rates

ZIMBABWEAN banks are prepared to lower lending rates and bank charges but are unlikely to meet recommendations by fiscal  and monetary authorities. Banking sources said while no agreement had y...

By Staff Reporter | Published: 10 June 2013
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TELECOMS & TECHNOLOGY

Econet plans to acquire the entire shareholding in TN Bank

ECONET Wireless Zimbabwe is proceeding with its plans to acquire the entire shareholdings in TN Bank through a share swap deal, the company said yesterday. Econet, which currently holds 45 percentsh...

By Business Reporter | Published: 10 June 2013
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TELECOMS & TECHNOLOGY

Powerspeed building its business around retailing, says MD

Powerspeed has been building its business around retailing, through the Electrosales brand, as the operating environment has been difficult for manufacturing, MD Hilton Macklin told an analyst brie...

By Staff Reporter | Published: 10 June 2013
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INDUSTRIALS & ENERGY

Zesa prepaid meter project slow

ZESA Holdings has installed 55 000 prepaid meters in domestic premises countrywide since August last year as it snails towards covering all its 600 000 customers in the next five months. The power u...

By Staff Reporter | Published: 10 June 2013
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TELECOMS & TECHNOLOGY

EcoCash transferring nearly $100 million monthly to rural areas

AT least $100 million monthly is being transferred from the country's urban centres to rural areas through Econet Wireless mobile money transfer EcoCash resulting in a significant impact on the rura...

By Staff Reporter | Published: 10 June 2013
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TRANSPORT & TOURISM

Emirates Upgrades Lusaka and Harare Service

Airline to increase capacity by 50% with larger aircraftHARARE - Emirates, one of the world's fastest growing international airlines, will add more than 1,600 seats a week on its Lusaka and Harare ...

By Bhebhe Mandla | Published: 10 June 2013
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INDUSTRIALS & ENERGY

Zesa tariff increase approved

ZESA Holdings has won a minute 0,3 percent increase in average electricity tariffs with the Zimbabwe Energy Regulatory Authority approving an increase of US9,86c kilowatt per hour from US9,83c.Zesa ...

By Staff Reporter | Published: 10 June 2013
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MINING & RETAIL

Zim's platinum output expected to reach 395 000 ounces

Zimbabwe's platinum output is this year expected to reach 395 000 ounces due to massive exploration of the commodity by mining companies.Despite the fluctuations in global prices for the white metal...

By Business reporter | Published: 10 June 2013
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FINANCIAL SERVICES

Banks first deadline lapses

THE deadline for banks to raise $25 million of the new minimum capital requirements lapsed yesterday amid indications that a number of foreign and local banks had managed to raise the requisite fund...

By Business reporter | Published: 10 June 2013
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Business Daily Zimbabwe

Latest News

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  5. 5 BAT injects US$8.1 million into Zim economy
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