TELECOMS & TECHNOLOGY

Vodacom ordered to withdraw 'best network' claim

THE Advertising Standards Authority's Advertising Industry Tribunal of South Africa has told Vodacom that it may no longer claim in marketing and advertising material that it has South Africa's best m...

By Staff reporter | Published: 07 June 2018

LANDS & AGRICULTURE

'Tobacco set for record outturn,' says Equity Axis

ZIMBABWE's tobacco output is poised for a record outturn, with produce that has so far gone through the sales floors reaching 73 percent of target, an advisory firm has said.Equity Axis, one of the co...

By Staff reporter | Published: 07 June 2018

CONSTRUCTION & PROPERTY

CBD exodus haunts property sector

MASHONALAND Holdings Limited (Masholds) has started engaging local authorities in Zimbabwe to find a lasting solution to heightened exodus from central business districts (CBDs) by companies fleeing a...

By Staff reporter | Published: 07 June 2018

CONSTRUCTION & PROPERTY

Occupancy levels at First Mutual Properties recover

FIRST Mutual Properties (FMP) revenue for the first four months of the year to April increased significantly compared to the same period last year.The company attributed the increase to a growth of oc...

By Staff reporter | Published: 07 June 2018

TRANSPORT & TOURISM

Tough times made Unifreight 'sterner'

UNIFREIGHT Africa says the tough times which it went through over the past few years have made it more focused.The logistics, freight and passenger transport services provider's chief executive office...

By Staff reporter | Published: 07 June 2018

LANDS & AGRICULTURE

Poultry meat sector improves

AN aggressive restocking of breeder birds by the poultry industry since the outbreak of Avian Influenza (AI) last year has seen an increase of pre-laying broiler breeder birds from 130 000 in Septembe...

By Staff reporter | Published: 07 June 2018

TELECOMS & TECHNOLOGY

Mobile transactions decline to $2,4 billion

THE total value of transactions processed through the National Payment Systems (NPS) amounted to $2,45 billion during the week ending May 24  down from $2,70 billion recorded the previous week.Ac...

By Staff reporter | Published: 07 June 2018

MINING & RETAIL

ZCDC to invest $400m by 2025

The Zimbabwe Consolidated Diamond Company (ZCDC) plans to invest $400 million under its massive Vision2025 investment blueprint, The Financial Gazette revealed.ZCDC chief executive officer Morris Mpof...

By Staff reporter | Published: 07 June 2018

TRANSPORT & TOURISM

SAA seeks diplomacy to recover millions from Zim

SOUTH African Airways (SAA) says it will be switching to diplomacy to recover millions of dollars that have been not been repatriated from Zimbabwe.Zimbabwe and Angola are said to owe SAA a combined $...

By Staff reporter | Published: 07 June 2018

FINANCIAL SERVICES

EcoCash investigates unscrupulous agents

Econet is investigating claims that some EcoCash agents are offering cash outs at a premium.In a statement yesterday, Econet said it routinely did security checks on its agents to clamp down on the pr...

By Staff reporter | Published: 07 June 2018

FINANCIAL SERVICES

Interest caps hit POSB income

POSB's net interest income declined by 9,84% to $11,02 million in the financial year ending December 31, 2017, which it blamed on the interest caps put in by the central bank last year.Net interest in...

By Staff reporter | Published: 07 June 2018

INDUSTRIALS & ENERGY

Conveyer belt traps Arenel worker

AN EMPLOYEE at Arenel Sweets and Biscuits in Bulawayo allegedly lost an arm yesterday morning after he was trapped by a conveyer belt during maintenance.Mr Goodluck Muleya (24) who sustained multiple ...

By Staff reporter | Published: 07 June 2018

TRANSPORT & TOURISM

Goods train derails in Hwange

THE National Railways of Zimbabwe (NRZ) passenger train between Bulawayo and Victoria Falls was on Tuesday delayed for about 10 hours after a goods train derailed and blocked the railway line in Hwang...

By Staff reporter | Published: 07 June 2018

MINING & RETAIL

Zim readies for lithium battery production

ZIMBABWE Lithium Company is negotiating with RioZim to upgrade the Empress Nickel Refinery (ENR) and position it for battery grade lithium production.Lithium has become a much-sought after mineral not...

By Staff reporter | Published: 07 June 2018

MINING & RETAIL

Colliery adopts new business model

HWANGE Colliery Company has adopted a new integrated business management system meant to enhance competitiveness on the global market while ensuring safe working conditions for its workers.Speaking du...

By Staff reporter | Published: 07 June 2018

INDUSTRIALS & ENERGY

Sable to raise $200m for coal bed methane project

SABLE Chemical Industries, the country's sole producer of Ammonium Nitrate, is set to embark on a project to set up a $200 million fertiliser manufacturing plant which uses Coal Bed Methane (CBM).Spea...

By Staff reporter | Published: 07 June 2018

LANDS & AGRICULTURE

$400 million worth of tobacco sold

NEARLY $400 million worth of tobacco has so far been sold at the auction floors since the beginning of the marketing season in March, official figures show.The Tobacco Industry and Marketing Board (TI...

By Staff reporter | Published: 07 June 2018

MINING & RETAIL

Hwange eyes 300 000 tonnes

HWANGE Colliery Company Limited (HCCL) is expected to haul 300 000 tonnes of coal beginning this month, as the coal miners eyes a return to profitability.This was said here yesterday by HCCL board mem...

By Staff reporter | Published: 07 June 2018

TELECOMS & TECHNOLOGY

OneMoney reaches 1million subscribers

THE country's second largest mobile network service provider by subscriber base, NetOne, says up to one million subscribers are now transacting through its OneMoney mobile money platform.Chief executi...

By Staff reporter | Published: 07 June 2018

TELECOMS & TECHNOLOGY

TelOne modifying all telephone numbers

STATE-owned telecommunications company, TelOne, is changing all area codes and modifying telephone numbers as the implementation of the $98 million national broadband project nears completion.In a sta...

By Staff reporter | Published: 07 June 2018

FINANCIAL SERVICES

Women's Bank opens Tuesday

The much-awaited women's bank is set to open next Tuesday after the Reserve Bank of Zimbabwe (RBZ) authorised its operations and issued it with a licence, a Cabinet minister said yesterday.Women Affai...

By Staff reporter | Published: 07 June 2018

FINANCIAL SERVICES

FML seeks 100% of NicozDiamond

First Mutual Holdings Limited (FMHL) will increase its stake in NicozDimond Insurance Limited (NDIL) to 100 percent if shareholders approve the proposal at a meeting to be held at the end of this mont...

By Staff reporter | Published: 07 June 2018

MINING & RETAIL

Zimbabwe forecasts surge in diamond output

Zimbabwe's rough-diamond production will more than triple to 11 million carats in 2025, according to the nation's state-owned mining operation. Output will grow at an average of 21% per year from 3 m...

By Rapaport News | Published: 06 June 2018

MINING & RETAIL

Zimplats hands over 24,000 hectares to govt

ZIMBABWE'S largest platinum miner, Zimplats, has agreed to release to the Zimbabwe Government land measuring 23  903 hectares within Zimplats' mining lease area in support of the Government's eff...

By Ngoni Shenjere | Published: 06 June 2018

FINANCIAL SERVICES

Zim bank profits surge as economy dies

Zimbabwe's banks are posting startling profits that are buttressing economists and investors' belief that revenues from electronic transactions charges were reinvigorating the long-struggling financia...

By Staff reporter | Published: 06 June 2018
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