Latest News

LANDS & AGRICULTURE

'GMB silos not yet full'

Despite government claims of a bumper harvest, the Grain Marketing Board (GMB) silos in various provinces are not yet full with the national granary still accepting grain from farmers.This comes amid ...

By Staff reporter | Published: 11 September 2017

MINING & RETAIL

Harare to re-capacitate quarry mining

Harare City Council (HCC) has secured a loan of $4,5 million from a local bank for the re-capacitation of their quarry mine.HCC acting Town Clerk Josephine Ncube said a board to run the affairs of the...

By Staff reporter | Published: 11 September 2017

POLITICS

Angry Grace Mugabe 'buries' Mnangagwa

First lady Grace Mugabe on Saturday yesterday told a bewildered Vice-President Emmerson Mnangagwa that he risked going the same way as his predecessor Joice Mujuru if he did not rein in his supporters...

By Staff reporter | Published: 10 September 2017

TELECOMS & TECHNOLOGY

Kwese TV craze hits Harare

ECONET recorded brisk business in Harare yesterday after its shops started selling accessories for its new television pay-per-view offering Kwese TV following a High Court ruling overturning a governm...

By Staff reporter | Published: 10 September 2017

POLITICS

Mugabe to name preferred successor?

President Robert Mugabe said on Saturday that he may name a preferred candidate to replace him as a bitter succession battle between his wife and the vice-president grinds on.But the 93-year-old liber...

By AFP | Published: 10 September 2017

BUSINESS NEWS

RBZ releases ANOTHER 300 million bond notes

As Zimbabwe's cash crisis worsens, the central bank will in the next two weeks release 300 million dollars' worth of new bond notes.The authorities are now threatening to arrest business people who ho...

By Staff reporter | Published: 10 September 2017

MINING & RETAIL

Esats invests $250k in new shopping complex

ONE of Bulawayo's oldest clothing retailing shop, Esats, has invested about $250 000 in setting up its new mini-shopping complex that will accommodate at least seven other shops.Esats director, Mr Mo...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

Forex shortages hard hit pharmaceutical industry

THE pharmaceutical industry is struggling to import critical medication due to the crippling payments gridlock in the financial services sector, a development which is likely to impact negatively to t...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

CSC revival to boost national economy

THE demise of the Cold Storage Company (CSC) had negative ripple effects to the downstream industries culminating in the closure of hundreds of companies, an official has said.Leather Institute of Zim...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

RBZ ducks bond notes mess

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says he has no power to stop the trading of bond notes on the black market.The bond notes have failed to end the cash shortages that are worsening...

By Staff reporter | Published: 10 September 2017

TELECOMS & TECHNOLOGY

Telecel Zimbabwe takeover inches closer

Government is finalising an offer to buy Empowerment Corporation's 40 percent stake in Telecel Zimbabwe, sources familiar with developments have said."It is now clear that the Government wants to buy ...

By Staff reporter | Published: 10 September 2017

BUSINESS NEWS

Corporate incest at Cimas

Stakeholders in Cimas Medical Aid Society are questioning the seemingly incestuous relationship between board chair Mr Mordecai Mahlangu and the law firm that has been representing the company, Gill, ...

By Staff reporter | Published: 10 September 2017

POLITICS

'Zim election won't be rigged for Zanu-PF'

The head of Zimbabwe's election body has said she has no intentions to rig polls in favour of President Robert Mugabe, 93, who has ruled the former British colony since independence in 1980.Zimbabwe E...

By Staff reporter | Published: 09 September 2017

TRANSPORT & TOURISM

AirZim wet lease deal in limbo

AIR Zimbabwe's proposal to wet lease Malaysia Airlines planes is in limbo despite senior government officials and the national carrier's senior executives frequent sojourns into the Far East country t...

By Staff reporter | Published: 09 September 2017

POLITICS

Mugabe orders new voter registration in Zim

President Robert Mugabe has ordered new voter registration in all wards across the country starting from September 14 and ending on January 15 next year.According to Statutory Instrument 109 of 2017, ...

By Staff reporter | Published: 09 September 2017

BUSINESS NEWS

RBZ moves to implement collateral registry

The Reserve Bank of Zimbabwe (RBZ) has started the process to establish a collateral registry that enables people to come forward with movable property such as cattle, vehicles and house property as c...

By Staff reporter | Published: 09 September 2017

AFRICA NEWS

SA introduces new rules for Zim permit holders

The South African government has announced new regulations for the new four-year, non-renewable permit for nearly 200 000 Zimbabweans working and studying in South Africa.The new permits, known as the...

By Staff reporter | Published: 08 September 2017

JOBS

Vacancy - Compliance Officer

JOB TITLE: COMPLIANCE OFFICERJob Purpose To provide a comprehensive Compliance advisory, controlling, monitoring and education service for Sanlam Capital Markets Limited (SCM), Sanlam Structured Solu...

By SANLAM | Published: 08 September 2017

INDUSTRIALS & ENERGY

Dangote may enter bidding war for PPC

Aliko Dangote, Africa's richest man, is among those considering counteroffers for PPC that could signal a bidding contest for South Africa's largest cement maker, according to people familiar with the...

By Staff reporter | Published: 08 September 2017

MINING & RETAIL

Zim's mining industry forecast maintain growth

ZIMBABWE's mining industry is forecast to maintain its growth trajectory, driven by high production volumes, despite the revenue challenges posed by a downslide in global metal prices across most mine...

By Staff reporter | Published: 08 September 2017

MINING & RETAIL

Parrogate to invest $18m in Alaska chrome smelter

PARROGATE Zimbabwe plans to set up chrome smelters in Mhangura, at an estimated cost of $18 million, with potential to generate $40 million in export earnings annually, managing director Ganediwal sai...

By Staff reporter | Published: 08 September 2017

ZSE TODAY

Market Commentary 8 September 2017

INDUSTRIALSThe Industrial Index closed the week on a higher note gaining 16.07 points (5.94%) to settle at 286.63 points. OLD MUTUAL (OML.zw) led the movers with a $0.1446 increase to trade at $4.9071...

By zse | Published: 08 September 2017

POLITICS

Zimbabwe Prosecutor-General race gets messy

THE process to select a new Prosecutor-General (PG) has run into controversy amid revelations that the short-listed candidates did not score basic minimum percentages or points required, sparking dism...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Beitbridge-Harare dualisation irregularities unearthed

FRESH questions have emerged over the costing of the US$1 billion Beitbridge-Harare highway project amid concerns of cost inflation as several irregularities surface.Government is expected to roll out...

By Staff reporter | Published: 08 September 2017

MINING & RETAIL

Zesa gold tariff reduced by 34%

Zimbabwe's power utility Zesa has reduced its tariff for gold miners by 34% to USc7,87/energy unit following calls from the miners who argued that the charges were hurting their operations.Gold produc...

By Staff reporter | Published: 08 September 2017

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