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TRANSPORT & TOURISM

Beitbridge investment not recoverable - NSSA

THE National Social Security Authority (NSSA) might never fully recover millions of dollars worth of investment into Beitbridge Hotel, now a white elephant after former tenant Rainbow Tourism Group va...

By Staff reporter | Published: 12 September 2017

MINING & RETAIL

Bindura Mine bosses vanish with $2.7m

Police have launched a manhunt for two senior officials from a local company, ASA Resource Group Plc, on allegations of defrauding Bindura Nickel Corporation Mine (Trojan Nickel Mine) in Bindura of mo...

By Staff reporter | Published: 12 September 2017

LANDS & AGRICULTURE

GMB threatens private millers with unfair costing

The Grain Marketing Board's commercial milling division is threatening the viability of private millers amid revelations the parastatal is not paying for grain drawn from the strategic reserves. In a ...

By Staff reporter | Published: 12 September 2017

BUSINESS NEWS

Sabonabona residential project under construction

CRAFT Properties, the largest real estate company in Kadoma, says work has commenced in earnest at its agro-residential plots project. The agro-residential plots are situated at Mandalay of Sabonabona...

By Staff reporter | Published: 12 September 2017

BUSINESS NEWS

Fidelity, clients conflict spills to Parliament

A FIERCE clash between Fidelity Life (Fidelity) and hundreds of its customers over contractual differences at the company's South View Park project has escalated to cabinet level amid information a gr...

By Staff reporter | Published: 12 September 2017

BUSINESS NEWS

CIPF to construct shopping mall in Norton

THE Construction Industry Pension Fund has plans to construct a state of the art shopping mall in Harare's western satellite town of Norton. CIPF has already opened the tendering process whose adjudic...

By Staff reporter | Published: 12 September 2017

BUSINESS NEWS

Chinese firm to build NUST hostels

A CHINESE firm has been awarded the tender to construct National University of Science and Technology (NUST) student hostels, the Infrastructural Development Bank of Zimbabwe (IDBZ) has said.In a stat...

By Staff reporter | Published: 12 September 2017

BUSINESS NEWS

Zimbabwe set to end power deficit

Zimbabwe has 16 power projects at various stages of construction with a potential of generating 6 000 megawatts of power when complete which is significant towards ending the power deficit within the ...

By Staff reporter | Published: 11 September 2017

POLITICS

Watchdog zooms in on Zim's missing $15 billion

Zimbabwe's ruling elite has diverted the country's vast diamond riches to help fund repression by dodging sanctions and raising money for security forces, an anti-corruption campaign group alleged Mon...

By Agencies | Published: 11 September 2017

POLITICS

Grace Mugabe attacked with a knife?

First Lady Grace Mugabe has reportedly denied that she assaulted a young South African model Gabriella Engels, 20, after she allegedly found her with one of her two sons Bellarmine Chatunga at a hotel...

By Staff reporter | Published: 11 September 2017

TELECOMS & TECHNOLOGY

Apple set to launch iPhones 'X'

In celebration of the tenth anniversary of the iPhone, leaks point strongly to Apple launching a new premium smartphone called the “iPhone X” at an event on Tuesday.It is believed the 'X' - standi...

By Staff reporter | Published: 11 September 2017

ZSE TODAY

Market Commentary 11 September 2017

INDUSTRIALSThe Industrial Index extended the gains adding 14.40 points (5.02%) to settle at 301.03 points. INNSCOR (INN.zw) put on $0.1420 to end at $1.0125, NATIONAL FOODS (NTFD.zw) was up by $0.0973...

By zse | Published: 11 September 2017

OPINION

Sadc must de-escalate Zim-SA row

The increasingly threatening rhetoric between Zimbabwe and South Africa over the legacy of Nelson Mandela - who guided his country from the shackles of apartheid to multi-racial democracy - risks trig...

By Gift Phiri | Published: 11 September 2017

BUSINESS NEWS

Mugabes' Alpha & Omega brand suffers

First Lady Grace Mugabe has pleaded with her detractors to stop smearing the image of President Robert Mugabe's Alpha Omega Dairy (Pvt) Ltd saying it is negatively affecting business.The business came...

By Staff reporter | Published: 11 September 2017

INDUSTRIALS & ENERGY

Zanu-PF rallies earn Mugabe's dairy big money

The on-going Zanu-PF youth rallies have been a windfall to Alpha Omega Dairy Private Limited owned by President Robert Mugabe's family as the youth league is reportedly buying from it all dairy produc...

By Staff reporter | Published: 11 September 2017

FINANCIAL SERVICES

Moonlight pours $100,000 into parlour upgrade

MOONLIGHT Funeral Services yesterday officially opened a newly refurbished wing at its Gweru branch where it has invested $100 000.The company is rolling out a refurbishment exercise across its branch...

By Staff reporter | Published: 11 September 2017

BUSINESS NEWS

Companies begin to draw down $600m nostro stabilisation facility

COMPANIES will this week start drawing down the $600 million nostro stabilisation facility that the Reserve Bank of Zimbabwe (RBZ) successfully negotiated from the African Export Import Bank.In the 20...

By Staff reporter | Published: 11 September 2017

CONSTRUCTION & PROPERTY

IDBZ to roll out massive housing projects

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has mobilised $8.1 million through private placement of housing bonds and would before the end of the year roll out massive housing development p...

By Staff reporter | Published: 11 September 2017

CONSTRUCTION & PROPERTY

NBS builds 3,000 houses

THE National Building Society (NBS) has constructed 3 000 houses so far this year through its housing mortgage scheme.The building society, which is wholly owned by the National Social Security Author...

By Staff reporter | Published: 11 September 2017

BUSINESS NEWS

India to invest $4 million in Zimbabwe SMEs

INDIAN companies are set to invest $3,9 million towards supporting Small to Medium Enterprises, as part of efforts to forge co-operation with local businesses and creating avenues to markets for their...

By Staff reporter | Published: 11 September 2017

MINING & RETAIL

Tanzania to nationalise seized Petra gems

Tanzania said on Saturday it planned to nationalise diamonds whose value it put at $29.5 million belonging to a mine majority owned by London-listed Petra Diamonds after it accused the miner of under-...

By Staff reporter | Published: 11 September 2017

FINANCIAL SERVICES

Microfinance industry confidence levels rise

ZIMBABWE'S microfinance industry appears to be gaining public confidence if latest statistics are anything to go by.Despite being blemished by a culture of usurious interest rates and repossession of ...

By Staff reporter | Published: 11 September 2017

ZIMBABWE

ZSE hits fresh high as rally continues

THE Zimbabwe Stock Exchange continued to rally unabated with total market capitalisation reaching fresh highs of $8 billion last Friday.The mainstream Industrials Index recorded the year's biggest one...

By Staff reporter | Published: 11 September 2017

BUSINESS NEWS

Govt, farmers at loggerheads over rentals

Some beneficiaries of the land programme resettled under models A1 and A2 in Masvingo are set for a collision course with Government, as they have vowed not to pay land rentals pegged by the State cit...

By Staff reporter | Published: 11 September 2017

ZIMBABWE

'SECZ to oversee listed companies'

THE Securities Act is being amended to give the Securities Exchange Commission of Zimbabwe (SECZ) powers to regulate listed companies.SECZ chief executive officer, Tafadzwa Chinamo said it was an anom...

By Staff reporter | Published: 11 September 2017

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