After concluding an agreement with ZETDC last month to ensure continuous power supply to the factory, Starafrica Corporation intends to recover 10% of production lost by accelerating export sales in t...
By Staff reporter | Published: 28 September 2019
Foreign currency earnings, which constituted 45% of revenue, helped African Sun post a 765% increase in the bottom-line for the half year to June 30. This is in spite of a drop in occupancy leve...
By Staff reporter | Published: 28 September 2019
Global Credit Rating (GCR) has revised Zimnat General Insurance's national scale financial strength rating to A+(zw) Stable Outlook, from its previous rating of A-(zw).The financial strength rating (f...
By Staff reporter | Published: 27 September 2019
CALEDONIA Mining Corporation, which owns Blanket Mine in Matabeleland South province, targets to increase gold output to 75 000 ounces in 2021 as the mine has begun focusing on increasing output. &nbs...
By Staff reporter | Published: 27 September 2019
THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it will conduct another diamond auction before the end of the year targeting to sell between 400 000 and 500 000 carats. A fortnight ago, MMC...
By Staff reporter | Published: 27 September 2019
TelOne lost about $500 000 over the weekend when small-scale miners vandalised network infrastructure while panning for gold in Mashonaland West Province. The $500 000 was lost in restoring services a...
By Staff reporter | Published: 27 September 2019
Chinese tech giant Xiaomi just revealed on Tuesday a new 5G concept smartphone called the Mi Mix Alpha. It has a screen that wraps almost all the way around the phone, and it looks utterly incredible....
By Staff reporter | Published: 27 September 2019
Old Mutual Zimbabwe Group says it was not involved in buying foreign currency on the local foreign currency markets, in view of significant cash outflows that was notable during the half-year to June ...
By Staff reporter | Published: 27 September 2019
ZIMBABWE'S tour operators have alleged unfair business practices by their Botswana counterparts, whereby they bring their clients straight to the country instead of letting them do that on their behal...
By Staff reporter | Published: 27 September 2019
The value of the Zimbabwe dollar yesterday plunged against the United States dollar after stabilising at the weekend following the Reserve Bank of Zimbabwe (RBZ)'s decision to freeze bank accounts of ...
By Staff reporter | Published: 27 September 2019
ONE of the country's largest ferrochrome producers, African Chrome fields (ACF), has shut down its mining operations in Kwekwe, laying off over 500 workers.The company is owned by South African busine...
By Staff reporter | Published: 27 September 2019
MOZAMBIQUE'S Hidroelectrica de Cahora Bassa (HCB) will this week feed 100 megawatts into the country's power grid, a move likely to ease power shortages in Zimbabwe, Zim Morning Post reported.The late...
By Staff reporter | Published: 27 September 2019
RETAILERS, who stand accused of profiteering, have attributed the relentless price increases to currency instability and the rising cost of doing business. In an interview, Confederation of Zimbabwe R...
By Staff reporter | Published: 27 September 2019
LOCAL Information Communication and Technology (ICT) company, Axis Solutions, has introduced a new electronic fiscal device which is affordable and safe from power cuts called the RevMax.Zimbabwe has ...
By Staff reporter | Published: 27 September 2019
The Zimbabwe Energy Regulatory Authority (Zera) has processed 39 solar power projects that have capacity to generate up 1 151,87MW, as the country moves towards renewable energy to contain shortages. ...
By Staff reporter | Published: 27 September 2019
The Central Mechanical and Equipment Department (CMED) has set up a control room at its headquarters in the city to monitor the movement of all Government vehicles and collecting information on vehicl...
By Staff reporter | Published: 27 September 2019
Cassava Smartech yesterday launched a $10 million chakachaya pasasai promotion that will be open for all active Sasai application users. The promotion which will run for over 10 weeks starting from to...
By Staff reporter | Published: 27 September 2019
A FAULTY electricity cable that supplies power to the National Railways of Zimbabwe signals grid has disrupted local and regional train movement between South Africa and Zimbabwe through Beitbridge.So...
By Staff reporter | Published: 27 September 2019
COKE making firm, ZimCoke Private Limited, says it is geared to commence production once it completes renovations on its ovens. ZimCoke took over coke ovens within the defunct steel giant Zisco ...
By Staff reporter | Published: 27 September 2019
INCREASED investment towards tapping digital opportunities remains the anchor for the growth of Zimpapers (1980) Limited, the country's leading integrated media group, as it seeks to diversify operati...
By Staff reporter | Published: 27 September 2019
Zimbabwe will today celebrate the World Tourism Day at Matobo National Park.The day is set aside to raise awareness of the socio-economic benefits that are derived globally through travel and tourism ...
By Staff reporter | Published: 27 September 2019
STRUGGLING beef processor, Cold Storage Commission (CSC) has temporarily ceased operations and is sending workers on forced leave to allegedly allow for "retooling and refurbishments".Southern Eye has...
By Staff reporter | Published: 27 September 2019
THE Zimbabwe Power Company (ZPC) has been sued for Z$2,6 million for disrupting electricity connections at a Mazowe farm, resulting in losses.Kukohwa Kurima (Pvt) Ltd (Kukohwa Kurima) has cited ZPC in...
By Staff reporter | Published: 27 September 2019
THE National Railways of Zimbabwe (NRZ) has expressed satisfaction with progress made towards concluding the US$400 million recapitalisation deal with the Diaspora Infrastructure Development Group (DI...
By Staff reporter | Published: 24 September 2019
Zimbabwe Stock Exchange listed cement producer, PPC, has appointed Roland van Wijnen, a former Lafarge Holcim executive as its new CEO. Van Wijnen, originally from Netherlands will be replacing Johan ...
By Staff reporter | Published: 24 September 2019
Court rebukes RBZ, lifts US$7m freeze 
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 
Mutapa Gold Resources CEO quits 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
