MINING & RETAIL

Gold deliveries slump 44%

SMALL-scale miners have called on Government to consider paying 100 percent of gold deliveries in hard currency after deliveries to Fidelity Printers and Refineries (FPR) for November plummeted by 44 ...

By Staff reporter | Published: 06 December 2018

INDUSTRIALS & ENERGY

Fair valuation boosts Seed Co profit

SEED CO posted a $69,03 million profit after tax for the half-year ended September 30, 2018 following a fair valuation of its subsidiary, Seed Co International Limited.The fair valuation was undertake...

By Staff reporter | Published: 05 December 2018

TRANSPORT & TOURISM

Zimbabwe hotel occupancy up 60% in 10 months

ZIMBABWE'S hotel occupancy level grew to 61% in the 10 months to October compared to 59% during the same period last year, with industry officials attributing the trend to government's stance on impro...

By Staff reporter | Published: 05 December 2018

INDUSTRIALS & ENERGY

National Foods switches off wheat milling machines

ONE of the biggest millers in the country, National Foods Limited (NFL) says it will today switch off its wheat milling machines, citing non-payment of its foreign suppliers, with the country facing p...

By Staff reporter | Published: 05 December 2018

INDUSTRIALS & ENERGY

Datlabs embarks on $4,5m upgrade

PHARMACEUTICAL and personal care products manufacturer, Datlabs Limited, has embarked on a $4,5 million plant and equipment upgrade as it seeks to improve operational efficiency. Briefing Industry and...

By Staff reporter | Published: 05 December 2018

FINANCIAL SERVICES

CABS introduces prepaid MasterCard

THE Central Africa Building Society (CABS) has introduced a prepaid MasterCard as part of efforts to bring international transactional convenience to the market. Managing director, Simon Hammond, said...

By Staff reporter | Published: 05 December 2018

MINING & RETAIL

Puma Energy partners Chicken Hut

FAST food outlet, Chicken Hut has entered into a partnership deal with Puma Energy that will see the food outlet open outlets at every Puma service station across the country. The deal will see more t...

By Staff reporter | Published: 05 December 2018

FINANCIAL SERVICES

Zimnat introduces hard currency payment option

Zimnat General Insurance has introduced a hard currency insurance payment option to enable its clients to retain the value of their insured assets in the event of their sustaining a loss and making an...

By Staff reporter | Published: 05 December 2018

INDUSTRIALS & ENERGY

Seed Co in tax avoidance dispute

Zimbabwe's special court for income tax appeal has dismissed with costs a long list of preliminary points made by Zimbabwe Stock Exchange-listed seed manufacturer Seed Co Limited (Seed Co) in its appe...

By Staff reporter | Published: 04 December 2018

MINING & RETAIL

Van Hoogstraten opens up on Hwange Colliery

BRITISH businessman Nicholas van Hoogstraten yesterday opened up to journalists on the demise of Hwange Colliery Company Limited, saying it was being run down by corruption and financial mismanagement...

By Staff reporter | Published: 04 December 2018

BUSINESS NEWS

Zimbabwe can fix corruption scourge, says Munyeza

Prominent businessman Shingi Munyeza says Zimbabwe has the ability to fix the endemic corruption that has brought the economy to its knees.Speaking at the AMH conversations series titled Tackling the ...

By Staff reporter | Published: 04 December 2018

MINING & RETAIL

Simbisa makes executive changes

FAST food chain, Simbisa Brands, has appointed Mr Baldwin Guchu as the group's new finance director effective from December 1, 2018. He replaces Mr Salim Eceolaza who has been assigned the position of...

By Staff reporter | Published: 04 December 2018

MINING & RETAIL

Van Hoogstraten opposes Hwange reconstruction

British businessman Nicholas van Hoogstraten, says he is going to challenge the reconstruction of Hwange Colliery Company Limited (HCCL). Van Hoogstraten holds a 31 percent shareholding in HCCL. In Oc...

By Staff reporter | Published: 04 December 2018

BUSINESS NEWS

Busisa Moyo re-ignites rand debate

Industrialist Busisa Moyo has re-ignited the rand adoption debate by saying Zimbabwe can encourage "the wider circulation of the South African currency under its multi-currency system".This also comes...

By Staff reporter | Published: 03 December 2018

TELECOMS & TECHNOLOGY

Zimbabwe telecoms sector on growth path, revenues exceed $1billion

Zimbabwe's telecoms sector generated revenue in excess of $1 billion and contributed 7,2 % to the country's gross domestic product (GDP) in 2017, the industry regulator has said.Postal and Telecommuni...

By Staff reporter | Published: 03 December 2018

CONSTRUCTION & PROPERTY

Victoria Falls mall 65% complete

ZIMRE Property Investment (Zimre) has so far spent $9,2 million on its shopping mall in Victoria Falls which is now 65% complete.Providing above 5 000 square metres of lettable space, the $13 million ...

By Staff reporter | Published: 03 December 2018

FINANCIAL SERVICES

CABS is the top bank

FINANCE minister Mthuli Ncube has urged banks to diversify and develop business models tailored to meet special requirements of the unbanked and underserved segments of the population.Ncube was speaki...

By Staff reporter | Published: 03 December 2018

INDUSTRIALS & ENERGY

ZPC to recruit +100 workers

THE Zimbabwe Power Company (ZPC) intends to recruit more than 100 workers on a fixed term contract of up to 36 months for the Hwange Thermal Power Station expansion project.In March this year, Preside...

By Staff reporter | Published: 03 December 2018

TRANSPORT & TOURISM

Shearwater acquires up-market cruise boat

SHEARWATER Adventures has acquired a 100-seater up-market cruise boat to cater for executives.The two-deck boat was manufactured by a Bulawayo company at a total cost of about $500 000 and is now in V...

By Staff reporter | Published: 03 December 2018

TELECOMS & TECHNOLOGY

Shareholders approve Cassava demerger, separate listing

SHAREHOLDERS of Econet Wireless have approved the demerger of Cassava SmarTech from Econet Wireless Zimbabwe Limited, paving the way for the listing of a new diversified technology business called Cas...

By staff reporter | Published: 03 December 2018

TRANSPORT & TOURISM

25% tourism jump in Zimbabwe

The Zimbabwe Parks and Wildlife Management Authority (Zimparks) has registered a 25 percent jump in tourist arrivals at its resorts for the period January to October 2018, compared to the same period ...

By The Sunday Mail | Published: 03 December 2018

INDUSTRIALS & ENERGY

Nampak reports profit jump

Zimbabwe Stock Exchange listed packaging company Nampak Zimbabwe (Nampak) profit for the year up to September  jumped 89,3 percent to $14,5 million from $7,6 million in the prior period despite d...

By Staff reporter | Published: 03 December 2018

MINING & RETAIL

Mashonaland East revels in lithium mine

Minister of State for Mashonaland East Provincial Affairs Appolonia Munzverengi has applauded the new dispensation's "Zimbabwe is Open for Business" mantra, saying it is yielding positive results in h...

By Staff reporter | Published: 03 December 2018

MINING & RETAIL

Fidelity Printers issues 21 gold buying licences

THE country's sole gold buyer and exporter, Fidelity Printers and Refiners (FPR) has issued 21 gold buying licences to the Zimbabwe Miners Federation (ZMF) as part of its concerted efforts to mop up t...

By Staff reporter | Published: 02 December 2018

MINING & RETAIL

No change for Zimbabwe platinum, diamond ownership rules

Zimbabwe does not plan to change its ownership rules for diamonds and platinum, Mines and Mining Development Minister, Winston Chitando, said on Monday. Although some miners are hoping the country wil...

By Reuters | Published: 30 November 2018
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