Econet Wireless Zimbabwe Limited (EWZL) posted a loss after-tax of ZWL$106,4 million in the year ended February 28, 2019, from a profit after-tax of ZWL$132,3 million recorded in 2018 following the un...
By Staff reporter | Published: 02 July 2019
POWER utility Zesa could soon embark on massive disconnections in an effort to recover over $1,2 billion owed to it by defaulting customers, most of whom are Cabinet ministers and top civil servants.E...
By Staff reporter | Published: 02 July 2019
The Agricultural Development Bank (Agribank) has declared a US$5,5 million dividend to Government after recording a 63 percent growth in profit to $13 million in the year to December 2018, breaking aw...
By Staff reporter | Published: 02 July 2019
Government yesterday confirmed paying US$10 million to South African power utility, Eskom, to service the debt to the power utility - and the money was set to be in the receiver's bank by end of day y...
By Staff reporter | Published: 02 July 2019
"Replacing the multi-currency regime anchored in the United States dollar by the South African rand as the sole transaction currency would help reduce over-valuation and stimulate exports and growth. ...
By Lisa Tazviinga | Published: 01 July 2019
There was drama when police from Nembudzia Police Station fought and disarmed their counterparts from the Criminal Investigations Department (CID) in Gokwe after they tried to arrest an officer implic...
By Staff reporter | Published: 01 July 2019
Smartech Zimbabwe Limited (CSZL) says debentures held by the company's local shareholders will be valued in the local currency in line with recent monetary policy developments.In a statement accompany...
By Staff reporter | Published: 01 July 2019
THE Zimbabwe Electricity Supply Authority (Zesa) is insolvent with its liabilities outstripping its assets by over US$92 million, a report by the Auditor General Mrs Mildred Chiri reveals. The report ...
By Staff reporter | Published: 01 July 2019
The Civil Aviation Authority of Zimbabwe is saddled with a $400 million debt emanating from overdue foreign and domestic obligations. This was said by Auditor-General Mildred Chiri in her annual repor...
By Staff reporter | Published: 01 July 2019
FIXED telecoms giant, TelOne, extended its streak as one of only a few shining beacons among usually poor performing State-owned enterprises after untaxed profit jumped 125 percent to $1 million in th...
By Staff reporter | Published: 01 July 2019
Fidelity Life Assurance says the increase in the costs of basic goods against stagnant wages reduced spending on insurance products.The company's chief executive officer, Reuben Java, told shareholder...
By Staff reporter | Published: 27 June 2019
Plans to resuscitate ferrochrome producer ZimAlloys have been scuttled as the ongoing legal wrangle between the company's judicial manager and Indian investor Balasore rages on, it has been establishe...
By Staff reporter | Published: 20 June 2019
PAYNET Zimbabwe (Paynet), a salary payment software vendor, has offered companies a free service to wire salaries to their employees using EcoCash until August 1 2019, escalating a simmering row with ...
By Staff reporter | Published: 20 June 2019
PEPSI Zimbabwe, the local unit of Varun Beverages, says production capacity at its manufacturing and bottling plant in Harare has increased by 200% due to huge demand of its product, local and abroad....
By Staff reporter | Published: 20 June 2019
REGIONAL sugar producer, Tongaat Hulett (THL), has deferred publishing of its periodic financial results to October 2019 pending conclusion of its financial review and associated forensic investigatio...
By Staff reporter | Published: 20 June 2019
Controversial businessman Wicknell Chivhayo is in the eye of a storm as it emerged this week he could have misled the Zimbabwe Power Company (ZPC) into making payments for earthmoving equipment worth ...
By Staff reporter | Published: 14 June 2019
One of Zimbabwe's major chrome producers, African Chrome Fields (ACF), has temporarily suspended operations as the company embarks on a restructuring exercise.Information at hand shows ACF produced 10...
By Staff reporter | Published: 14 June 2019
Seed Co Limited posted an after-tax-profit of US$90,7 million in the year ended March 31, up from US$21,4 million recorded in the prior year, driven by an increase in revenue.Revenue was up 16% to US$...
By Staff reporter | Published: 14 June 2019
ARISTON Holdings Limited (AHL) says Cyclone Idai damaged the company's plantations in the Eastern Highlands, with early indications suggesting that the damage could be worth US$1,5 million."In March 2...
By Staff reporter | Published: 14 June 2019
LISTED manufacturer and distributor of farming implements, Zimplow, says its revenue grew by 86% to $29,8 million in the first five months of 2019, driven by an improvement in volumes across the group...
By Staff reporter | Published: 14 June 2019
THERE was mayhem at Agribank Mvurwi and Voedesel Tobacco Company on Wednesday afternoon after tobacco farmers failed to access their hard-earned money supposedly transferred into their bank accounts b...
By Staff reporter | Published: 14 June 2019
DEFUNCT steel manufacturer, Ziscosteel, is set to get a new board of directors after Government retired the entire old board that had been in office for more than a decade. Industry and Commerce Minis...
By Staff reporter | Published: 14 June 2019
LISTED hospitality group, African Sun (Pvt) Limited, says its business has been growing since last year in response to positive business sentiment under the new dispensation. The group was estab...
By Staff reporter | Published: 14 June 2019
GOVERNMENT plans to improve the interconnectivity of the National Railways of Zimbabwe with other countries in the region to improve the parastatal's market share and revenue, a Cabinet Minister said ...
By Staff reporter | Published: 14 June 2019
PAYNET, a subsidiary of Mauritian financial services provider Payserv Africa, has suspended all local financial institutions from its transacting platform after they refused to pay in foreign currency...
By Staff reporter | Published: 14 June 2019
Zimbabwe sets deadline for company re-registration 
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 
Unifreight reports 231% revenue growth 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
