FINANCIAL SERVICES

Cash shortage to persist

Zimbabwe's liquidity challenges are set to persist until after the country's July 30 polls with financial institutions heavily exposed to political risks, an international think tank has said. Fitch G...

By Staff reporter | Published: 29 June 2018

MINING & RETAIL

Eureka Gold Mine went cheap, says UK firm

The acquisition of the Eureka Gold Mine by global mining group, Vast Resources' was an "exceptionally cheap acquisition", according to a United Kingdom-based independent research company, Equity Devel...

By Staff reporter | Published: 29 June 2018

INDUSTRIALS & ENERGY

Zanu-PF orders Proton to employ youths

ZANU-PF youths in Marondera have ordered Proton Bakeries to employ at least 100 party supporters.This was revealed by provincial youth executive member Ozin Chitani at a rally in Marondera on Wednesda...

By Staff reporter | Published: 29 June 2018

MINING & RETAIL

Blythdale Mining sues supplier for $26,000

BULAWAYO-BASED mining company, Blythdale Mining Services, has approached the High Court seeking an order compelling Kwekwe-based Sheafta Mining to reimburse it for equipment which the latter failed to...

By Staff reporter | Published: 29 June 2018

LANDS & AGRICULTURE

Sugar output to increase by 17%

Zimbabwe's sugar production is projected to increase by 17% to 460 000 metric tonnes in the 2018/19 season, mainly due to higher volumes of better quality sugarcane available for crushingDepartment of...

By Staff reporter | Published: 29 June 2018

TRANSPORT & TOURISM

FlyAfrica given 90 days to regularise status

CAAZ cracks whip on FlyAfricaThe Civil Aviation Authority of Zimbabwe (CAAZ) has given Fly Africa 90 days to sort out its operating status or risk revocation of their licence, documents at hand sugges...

By Staff reporter | Published: 29 June 2018

TRANSPORT & TOURISM

Herbert Nkala retires

Herbert Nkala has retired as chairman of African Sun Limited after more than three years at the helm, with the hospitality group expected to announce his successor in the coming days.Speaking at Afric...

By Staff reporter | Published: 29 June 2018

CONSTRUCTION & PROPERTY

Dawn revenue up 27%

Property concern Dawn Properties Limited revenue for the five months to May 2018, increased 27 percent to $2,2 million compared to same period last year. Property income from hotels and timeshares was...

By Staff reporter | Published: 29 June 2018

MINING & RETAIL

PPC Zimbabwe demands land back

Original owner of Arlington Estate, Portland Holdings (Private) Limited, now PPC Zimbabwe, has written a letter to the Local Government ministry demanding a reversal of the acquisition of the property...

By Staff reporter | Published: 28 June 2018

FINANCIAL SERVICES

OM opens ZSE trading at 450c

OLD Mutual Limited shares closed at 450 cents on Tuesday, the stock's first day of trading on the Zimbabwe Stock Exchange (ZSE).Trading in the stock, which represents a relisting of Old Mutual plc fol...

By Staff reporter | Published: 28 June 2018

FINANCIAL SERVICES

Mnangagwa ally leaves IPEC

Insurance and Pension Commission head of prudential services Pupurai Togarepi has left the organisation to pursue a career in politics.The Zanu PF national youth chairperson, who has vast knowledge an...

By Staff reporter | Published: 28 June 2018

TRANSPORT & TOURISM

Zim cash crisis threatens fastjet survival

Shares in African budget airline Fastjet collapsed on Wednesday after warning it could go bust unless it obtains new funding.The airline, set up by easyJet founder Sir Stelios Haji-Ioannou, flies in s...

By BBC | Published: 28 June 2018

INDUSTRIALS & ENERGY

Miller seeks $90,000 for equipment

BULAWAYO-BASED milling company, Buntu Foods Private Limited, said it was seeking $90 000 for equipment and raw material purchases.The company's operations director, Godfree Ndlovu-Mgumba, told NewsDay...

By Staff reporter | Published: 28 June 2018

FINANCIAL SERVICES

Zimbabwe is critical for AfDB

The African Development Bank (AfDB) mission in Zimbabwe is here for business as the country is critical for the institution, the bank's top official said yesterday.Abdu Mukhtar, director of Industrial...

By Staff reporter | Published: 28 June 2018

FINANCIAL SERVICES

OM listing on JSE boon for Zimbabwe

OLD Mutual Zimbabwe Limited group chief executive officer Jonas Mushosho said the parent company will begin to unlock value now that its primary listing was moved to the Johannesburg Stock Exchange (J...

By Staff reporter | Published: 28 June 2018

TELECOMS & TECHNOLOGY

Film competition unearths talent

ORGANISERS of the Zimbabwe International Film Festival Trust (ZIFFT) said the Smartphone Short Film Competition, launched two months ago, have unearthed rich untapped filmmaking talent among youths fr...

By Staff reporter | Published: 28 June 2018

FINANCIAL SERVICES

BancABC parent ups stake in Nigerian bank

BANCABC parent, Atlas Mara, has increased its stake in a Nigerian bank to 49%, as it seeks to cement its foothold in Africa's largest economy.In a notice on Tuesday, Atlas Mara said it has agreed to a...

By Staff reporter | Published: 28 June 2018

TRANSPORT & TOURISM

Ex-employee sues NRZ over $40k unpaid benefits

National Railways of Zimbabwe has been dragged to court by a former employee who is seeking $40 000 in outstanding retirement benefits.George Tshabangu filed his application for summary judgment at th...

By Staff reporter | Published: 28 June 2018

MINING & RETAIL

Zimbabwe to treble gold output

Zimbabwe will treble gold output to 100 tonnes in 12 years on the back of recapitalisation in the gold sector, the Chamber of Mines has said.Gold output is projected at 30 tonnes this year after the i...

By Staff reporter | Published: 28 June 2018

INDUSTRIALS & ENERGY

General Beltings' revenue up 23%

THE country's leading manufacturer of conveyor belts - General Beltings Holdings' revenue for the five months to May 2018 grew 23 percent on increased volumes across board.In a trading update volumes ...

By Staff reporter | Published: 28 June 2018

BUSINESS NEWS

United Refineries Limited adopts food fortification

GIANT agro-processor United Refineries Limited (URL) has adopted food fortification as part of its long term business model in keeping with the country's nutrition policy and global trends.Food forti...

By Staff reporter | Published: 28 June 2018

MINING & RETAIL

Zimbabwe gold production up

Zimbabwe's gold production is on an upward trend with 2.2 tonnes coming from small-scale miners whilst 1.2 tonnes coming from large-scale miners to give a total output of 3.4 tonnes for the month of M...

By Staff reporter | Published: 27 June 2018

CONSTRUCTION & PROPERTY

Construction firms, workers clash

Construction firms are on collision course with workers, who are threatening to strike and take legal action over a wage hike. The workers accuse the employers of reneging on an agreement reached in...

By Staff reporter | Published: 27 June 2018

INDUSTRIALS & ENERGY

Tongaat Hulett full-year revenue drops 8%

SUGAR manufacturing giant Tongaat Hulett's Hippo Valley Estates has reported an eight percent revenue decrease to $137 million in the full-year period to 31 March 2018 compared to $148,5 million in th...

By Staff reporter | Published: 27 June 2018

FINANCIAL SERVICES

Life assurance sector assets rise to $2,5bn

ASSETS in the life insurance industry have grown by 68 percent to $2, 52 billion in the past four years to 2017 on the back of a bull run experienced last year.Figures from the Insurance and Pension C...

By Staff reporter | Published: 27 June 2018
Pages:
38
...

Latest News

Latest Published Reports

Latest jobs