MINING & RETAIL

Govt engages two firms to evaluate SMM dumps

GOVERNMENT has engaged two foreign firms to evaluate dumps at Shabanie Mashava Mines (SMM) as part of efforts to extract asbestos fibre and other minerals.Early this year SMM invited expressions of in...

MINING & RETAIL

Caledonia to regain 80% stake in Blanket Mine

AIM-listed Caledonia Mining Corporation says employees at its Blanket Mine and the Gwanda community, from which it operates, will retain their shares as the firm plans to increase its stake in the Mat...

LANDS & AGRICULTURE

Govt urged to realign Stop Order Act

GOVERNMENT has been urged to revisit the Farmers Stop Order Act, in order to protect contractors and all financial institutions against small scale tobacco farmers who are side-marketing their crops.C...

MINING & RETAIL

Hwange boss denies resignation claims

A SHOWDOWN is looming between suspended Hwange Colliery Company Ltd managing director Thomas Makore and the board after he denied claims he had resigned.It has emerged Eng Makore only agreed to resign...

FINANCIAL SERVICES

Mudavanhu appointed new CBZ Holdings CEO

CBZ Holdings Limited has appointed ormer Bancabc acting chief, Doctor Blessing Mudavanhu, as its new group chief executive officer.Dr Mudavanhu's appointment is with effect from June 1, 2018.He takes...

FINANCIAL SERVICES

NMBZ's 2018 performance likely to be even better

NMBZ Holdings expects its 2018 performance to be even better than last year's, its chief executive, Mr Ben Washaya, told the group's annual general meeting last Thursday (May 24).He said already the o...

TELECOMS & TECHNOLOGY

Telecel saga takes new twist

The topsy-turvy 40 percent ownership saga of Telecel Zimbabwe's shares, which are held by Empowerment Corporation (EC) has taken a new twist amid claims and counterclaims between the local grouping's ...

MINING & RETAIL

Zimbabwe gold producers upbeat

Zimbabwe gold producers say the yellow-metal subsector has potential to rake in millions of dollars in export receipts, but requires a lot of capital to recapitalise operations.The southern African co...

LANDS & AGRICULTURE

Ariston back in the black

Zimbabwe Stock Exchange-listed agricultural concern Ariston Holdings is slowly emerging out of the woods after the company posted a $28 500 profit in the half year to March 31, 2018 compared to a $2 m...

MINING & RETAIL

Hwange managing director resigns

The troubled Hwange Colliery Company Limited managing director Stenjwa Thomas Makore has resigned following a spate of accusation of corruption allegedly involving him.According to a statement by the ...

FINANCIAL SERVICES

Old Mutual Private Equity buys 50% of Medhold

OLD Mutual Private Equity (OMPE) has announced it acquired a 50% interest in South African healthcare firm Medhold Group Proprietary Limited (Medhold) for a yet undisclosed amount, pending approval by...

MINING & RETAIL

ZimAlloys faces $2m lawsuit

AT least 229 employees of the now-defunct Gweru- based ferro-chrome producers, ZimAlloys (Pvt) Ltd, have approached the High Court seeking a court order to institute legal proceedings against their pa...

INDUSTRIALS & ENERGY

Govt, cooking oil firms in talks

Oil processing companies are in negotiations with Government for them to buy soya beans at import parity price of $400 per tonne in a bid to maintain the price of cooking oil and other related product...

FINANCIAL SERVICES

NMB income rose 53%

NMB Bank Zimbabwe operating income rose 53 percent to $19,2 million for the four months to April 30, 2018 driven by growth in interest and non-interest income. Chief executive Benefit Washaya told sha...

FINANCIAL SERVICES

Steward Bank partners Net Guardian to curb card cloning

STEWARD Bank has partnered with Net Guardian fraud monitoring experts for banks worldwide, to implement a fraud monitoring system to ensure security of transactions, in the wake of increased card clon...

MINING & RETAIL

'Mines not opposed to ZSE listing'

Mining firms in Zimbabwe are not opposed to proposals to list their stock on the Zimbabwe Stock Exchange (ZSE), but have stayed away because the bourse is currently 'too thin' to mobilise the kind of ...

TELECOMS & TECHNOLOGY

Zimbabwe lags in innovation, technology

Zimbabwe is lagging in terms of technology after the country only made a paltry 28 patent applications, latest data from the United Nations has shown.The patent applications made by people living in ...

FINANCIAL SERVICES

Zimbabwe courts New York fund managers

The Zimbabwe is open for business mantra has opened economic avenues for the country and to buttress this, the Office of the President and Cabinet (OPC) through its Special Advisor Ambassador Christop...

LANDS & AGRICULTURE

Chamisa to cancel Mnangagwa's command agric

The president of the MDC Alliance Advocate Nelson Chamisa has criticised the Mnangagwa's command agriculture programme saying his government will do away with the scheme and adopt new technologies of ...

LANDS & AGRICULTURE

Zimbabwe to re-launch bubbly production in 2019

AFRICA has always been the continent of the brave and one brave producer is looking to bring back the golden era of Zimbabwe wines, after years of the country being in a depression.The verdant Winelan...

BUSINESS NEWS

Zimbabwe banks go paperless

Like ducks to water, Zimbabwean retail banks are embracing technology to the point of doing away with paper transactions in their banking halls.This week, CABS became the latest institution to ditch p...

Zim's warrant of arrest haunts Chinese tycoon

Chinese national Yat Hoi Ning, who is accused of ripping off a mining company listed in London of US$2,76 million, has scored a lucrative deal from the South African government.In September last year,...

MINING & RETAIL

Cornered Hwange boss negotiates exit package

HWANGE Colliery Company Limited (HCCL)'s suspended managing director Thomas Makore has reportedly opened negotiations for an exit package after the board shelved plans for him to face disciplinary act...

MINING & RETAIL

Chrome output up in first quarter

ZIMBABWE'S chrome ore production increased six fold to 139 562,34 tonnes in the first four months of the year compared to 18 701,70 tonnes produced during the same period last year, official figures s...

TRANSPORT & TOURISM

NRZ narrows salary arrears

THE National Railways of Zimbabwe (NRZ) is now paying its workers 90 percent of their full salaries up from 50 percent in recent months driven by improved business operational efficiency.The parastata...