MINING & RETAIL

Hwange Colliery scheme of arrangement on course

Hwange Colliery Company Limited (HCCL) says it has been paying monthly instalments to its employee creditors since December, 2017, and it will continue until the $70 million arrears are paid in full.T...

By Staff reporter | Published: 12 May 2018

TRANSPORT & TOURISM

Zimbabwe Airways circus continues

The circus behind the country's new national airline, Zimbabwe Airways, has reached fever-pitch with the government now moving to remove former president Robert Gabriel Mugabe's initials from one of t...

By Staff reporter | Published: 12 May 2018

MINING & RETAIL

Mujuru mine application hits a snag

THE liquidator of Limpopo Mining Resources, also known as River Ranch Mine, previously linked to the late army general Solomon Mujuru, has opposed an application by the mine's majority owners, Rani In...

By Staff reporter | Published: 12 May 2018

TRANSPORT & TOURISM

Air Zim engineers moonlighting for ZimAirways

TENSIONs between senior Air Zimbabwe officials, the Transport ministry and Zimbabwe Airways (ZimAirways) are mounting after minister Jorum Gumbo recently blocked the convening of a disciplinary hearin...

By Staff reporter | Published: 12 May 2018

TELECOMS & TECHNOLOGY

Mnangagwa's govt mulls Telecel 100% takeover

GOVERNMENT, which has 60% shareholding at Telecel Zimbabwe, has made a decision not to sell part of its stake to investors interested in the telecommunications company, but instead buy off the minorit...

By Staff reporter | Published: 12 May 2018

TELECOMS & TECHNOLOGY

'Set up Cyber Security and Internet Court'

Zimbabwe Information and Communication Technologies (ZICT) has called for the set up of a Cyber Security and Internet Court.ZICT - a division of the Zimbabwe Institution of Engineers - said there was ...

By Staff reporter | Published: 12 May 2018

MINING & RETAIL

Exploration for diamonds in Masvingo looms

Exploration work to establish the presence of kimberlite is set to be carried out in Masvingo's Mwenezi district.This follows the citing of suspected kimberlite rock in the area.Officials from the Zim...

By Staff reporter | Published: 12 May 2018

FINANCIAL SERVICES

Zim banks banned from trading in crypto currency

The Reserve Bank of Zimbabwe has, in the interest of public trust in the financial system, banned local banks from trading in crypto currency.The central bank issued local banks with a 60 days ultimat...

By Staff reporter | Published: 12 May 2018

TRANSPORT & TOURISM

Zimbabwe tourism players bullish

Zimbabwean tourism industry players attending the on-going Africa Travel Indaba in Durban, South Africa are optimistic of a better future following positive signs pointing to a better performance.The ...

By Staff reporter | Published: 11 May 2018

TELECOMS & TECHNOLOGY

SA firm sweats to recover NetOne debt

South Africa telecommunications consultant company, Megawatt Energy (Private) Limited, has sought government intervention to recover the $4 million it is owed by NetOne and Huawei Technologies.Through...

By Staff reporter | Published: 11 May 2018

MINING & RETAIL

Picketing Hwange workers' wives vow to stay put

WOMEN rights groups in Harare yesterday demonstrated in solidarity with spouses of Hwange Colliery workers, who have been picketing at the company premises since January over their husbands' unpaid sa...

By Staff reporter | Published: 11 May 2018

MINING & RETAIL

Monthly gold output glitters

ZIMBABWE'S gold output for the month of April increased to 2,9 tonnes from 2,7 tonnes the previous month driven by a rise in deliveries from small-scale miners, Fidelity Printers and Refineries (FPR) ...

By Staff reporter | Published: 11 May 2018

TRANSPORT & TOURISM

Tourism sector gets salary increase

EMPLOYERS in the tourism sector have offered a five percent basic salary increase, which will see the lowest paid grade earning $128 per month excluding other perks.The increase followed protracted co...

By Staff reporter | Published: 11 May 2018

MINING & RETAIL

Forex shortages derail SMM turnaround plan

SHABANIE Mashava Mines' (SMM) turnaround efforts have been hampered by foreign currency shortages as the company seeks to acquire de-watering equipment at its mines in Mashava and Zvishavane.The asbes...

By Staff reporter | Published: 11 May 2018

MINING & RETAIL

ZimAlloys deal still alive

Indian firm Balasore Alloys said yesterday the deal to acquire 70 percent shareholding in Zimbabwe Alloys Limited was still on despite claims by judicial manager Reggie Saruchera this week that he had...

By Staff reporter | Published: 11 May 2018

FINANCIAL SERVICES

Zimpost scoops gold award at ZITF 2018

The newly branded Zimpost scooped a gold medal at the just ended Zimbabwe International Trade Fair held from April 23 to 28 2018 in Bulawayo. Zimpost came first in the Best Exhibit: Packaging, Plastic...

By Staff reporter | Published: 11 May 2018

TELECOMS & TECHNOLOGY

Schools defy Govt on mobile money transfers

SOME schools in Mutare are resisting fees payments through mobile money transfers despite a directive by the parent ministry that they acquire merchant codes and cushion parents from the cash crisis, ...

By Staff reporter | Published: 11 May 2018

TRANSPORT & TOURISM

Tensions mount over Air Zimbabwe saga

Tensions between senior Air Zimbabwe officials, the Transport ministry and ZimAirways are mounting after minister Jorum Gumbo recently blocked the convening of a disciplinary hearing against three eng...

By Staff reporter | Published: 11 May 2018

TELECOMS & TECHNOLOGY

Govt mulls Telecel 100% takeover

Government which has 60% shareholding at Telecel Zimbabwe, has made a decision not to sell part of its stake to investigators interested in the telecommunications company, but instead, buy off the min...

By Staff reporter | Published: 11 May 2018

FINANCIAL SERVICES

New rules to shake up insurance sector

Players in the local insurance industry will in three years' time be required to adopt a new version of the International Financial Reporting Standard 17 issued by the IASB. The new rules are expected...

By Staff reporter | Published: 11 May 2018

INDUSTRIALS & ENERGY

Delta, Coca-Cola still negatiating over notice of termination

Zimbabwe Stock Exchange (ZSE) listed blue chip counter Delta Beverages says negotiations are still ongoing with the Coca-Cola Company following a notice issued last year to terminate its bottling agr...

By Staff reporter | Published: 11 May 2018

INDUSTRIALS & ENERGY

Delta Corporation posts profit up 27%

Zimbabwe's largest brewer Delta Corporation reported a 27 percent jump in full-year profit to $89 million on Wednesday, after strong sales of beer and soft drinks in the second half of its financial y...

By Reuters | Published: 10 May 2018

FINANCIAL SERVICES

Mswaka named Stockbrokers Association chair

VETERAN stockbroker, Bartholomew 'Bart' Mswaka, has been announced as the Stockbrokers Association of Zimbabwe's new chairperson.Mswaka takes over from FBC Stockbroking managing director Ben Gasura.Ba...

By Ngoni Shenjere | Published: 10 May 2018

FINANCIAL SERVICES

New accounting rules set to shake up banking sector

NEW accounting rules introduced in January this year to force banks to estimate future credit losses are likely to have a significant impact on the country's financial institutions, accountants have n...

By Staff reporter | Published: 10 May 2018

TELECOMS & TECHNOLOGY

Data usage grows by 89.8%

DATA usage increased by 89,8 percent to 15,4 million megabytes (MB) in 2017 from 8,1 million MB in 2016, the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has revealed.POTRAZ...

By Staff reporter | Published: 10 May 2018
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