MINING & RETAIL

Cheers for small scale miners

GOVERNMENT has finalised effecting amendments to the Mines and Minerals Amendment Bill, which will see small scale miners getting recognition at law, as Government steps up efforts to grow the sector ...

By Staff reporter | Published: 15 July 2018

TRANSPORT & TOURISM

Fly Africa set to lose property over debt

Fly Africa is set to lose property over a $17 295 debt owed to a former employee who recently obtained a writ of execution against the airline, following a court order issued by High Court judge Justi...

By Staff reporter | Published: 14 July 2018

INDUSTRIALS & ENERGY

AB InBev yet to receive US$70m Delta dividends

Delta, the largest company on the ZSE by market capitalisation, last month recorded a 12% decline in annual profit.Anheuser-Busch Inbev (AB InBev) - the world's largest brewer - is yet to receive a to...

By Staff reporter | Published: 13 July 2018

TELECOMS & TECHNOLOGY

Potraz probes NetOne data

POSTAL and Regulatory Authority of Zimbabwe (Potraz) is investigating why state-owned mobile network operator - NetOne - submitted data that does not tally following a compulsory clean up exercise of ...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

RTG completes US$1 million hotel renovation

HOTELING concern Rainbow Tourism Group has completed its US$1 million refurbishment of the 88-room Victoria Falls Rainbow Hotel as it seeks to increase its market share.This follows the refurbishment ...

By Staff reporter | Published: 13 July 2018

TELECOMS & TECHNOLOGY

Potraz in telemedicine initiative

Telecommunications regulator Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) is supporting local health facilities to access specialist services through its innovative tele-med...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Delta bemoans forex shortages

Beverages giant, Delta Corporation Limited has said foreign currency shortages continue to have a knock on effect on its business especially packaging material, although earnings were positive in the ...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Delta revenue sparkles

DELTA Corporation Limited has reported a 40% increase in revenue as a result of an upsurge in all its beverage categories which was driven by higher consumer demand during the first quarter of the yea...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

Air Namibia's planes to be impounded over $1m

High Court judge Justice Tawanda Chitapi has issued a court order, authorising the Sheriff or his Deputy to impound Air Namibia's planes and attach office equipment at Joina City in Harare, pending an...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Zesa acquitted of violating salary agreement

A High Court judge has acquitted Zesa Holdings on charges of violating a 2012 agreement to adjust the salaries of its employees in a move which could result in the power utility company saving over $1...

By Staff reporter | Published: 13 July 2018

FINANCIAL SERVICES

'Ecobank in Zimbabwe to stay'

ECOBANK Transnational Incorporated says it will provide a platform for the local bank to access global finance, as it seeks to stay in Zimbabwe for the long haul.Ecobank group chief executive officer ...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

RTG douses fire outbreak claims

THE Rainbow Tourism Group (RTG) has refuted claims on social media that a fire that broke out at the Rainbow Towers Hotel in Harare on Wednesday engulfed a huge portion of the hotel as it only covered...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

'Nurture youths in tourism'

TOURISM and Hospitality Industry minister Prisca Mupfumira says there is need to nurture youths in order to get them to develop society through different platforms such as tourism.Mpfumira was speakin...

By Staff reporter | Published: 13 July 2018

BUSINESS NEWS

Tobacco fails to deliver Zim forex relief

IH Securities says the economy is yet to feel the impact of the tobacco export proceeds despite being over 90 days into the season.In IH Securities outlook for the month released recently, the local f...

By Staff reporter | Published: 13 July 2018

INDUSTRIALS & ENERGY

Sugar prices up 18%

THE price of sugar has increased by about 18% to $2,25 per 2 kg pack over the past few days due to rising costs of production as well as cost of money, NewsDay has reported.Confederation of Zimbabwe R...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

ZTA postpones cultural fiesta

ZIMBABWE Tourism Authority (ZTA) has been forced to move this year's edition of the annual Harare International Carnival, which had been set for July 17 to 21, to the first week of October, as it has ...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

Air Zimbabwe to secure technical partner

Cabinet is expected to make a major pronouncement on Air Zimbabwe, amid indications that an inter-ministerial task-force put together to find a lasting solution to the problems dogging the national fl...

By Staff reporter | Published: 13 July 2018

MINING & RETAIL

Blanket Mine produces 12,567 ounces of gold

AIM-LISTED Caledonia Mining Corporation has produced approximately 12,657 ounces of gold at its Blanket Mine subsidiary in Gwanda during the second quarter ended 30 June 2018 compared to 12,924 ounces...

By Staff reporter | Published: 13 July 2018

FINANCIAL SERVICES

Nyaradzo snaps up biggest market share

DIVERSIFIED insurance group, Nyaradzo Life Assurance Company, says its market share has grown to more than 70 percent owing to the introduction of a number of corporate social responsibility programme...

By Staff reporter | Published: 13 July 2018

BUSINESS NEWS

ZITF clarifies Mine-Entra exhibition date shift

THE Zimbabwe International Trade Fair (ZITF) Company says the shift in dates for the 2018 Mining, Engineering and Transport (Mine-Entra) exhibition from July to October has been necessitated by wide m...

By Staff reporter | Published: 13 July 2018

TRANSPORT & TOURISM

Zim Radisson Blu hotel construction begins

One of the world's largest hospitality groups, Carlson Rezidor in partnership with local hospitality firm, Streamwalk, has started construction of a Radisson Blu Hotel along Samora Machel Avenue in Ha...

By Staff reporter | Published: 12 July 2018

MINING & RETAIL

Zimbabwe firms cut $3m deals in DRC

Zimbabwean Resources companies have cut deals worth $3 million plus with DRC corporations after participating at a mining exhibition in the central African country. The firms are working with large mi...

By Staff reporter | Published: 12 July 2018

TRANSPORT & TOURISM

Zupco ownership shocker

Diversified insurance giant Zimre Holdings has been identified as government's sleeping partner in the troubled public bus company Zupco. Account general Daniel Muchemwa says government was equally sh...

By Staff reporter | Published: 12 July 2018

FINANCIAL SERVICES

Nedbank offers $75m offshore finance facility

NEDBANK Zimbabwe has availed a $75 million line of credit facility through its mother company, Nedbank South Africa under which pre-and post-shipment offshore finance will be offered to exporters.Spea...

By Staff reporter | Published: 12 July 2018

TELECOMS & TECHNOLOGY

'HIT best to understand blockchain tech'

THE Zimbabwe Information and Communication Technology Division (ZICT) says Harare Institute of Technology (HIT) has some of the best brains in understanding blockchain technology used to develop crypt...

By Staff reporter | Published: 12 July 2018
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