Latest News

MINING & RETAIL

Vast Resources ramps up gold production

London-listed mining firm Vast Resources says gold production at its Zimbabwean unit went up by 36 percent to 4 037 ounces in the second quarter to June 2017.Vast Resources owns Pickstone-Peerless gol...

By Staff reporter | Published: 06 September 2017

MINING & RETAIL

Zim retailers raise alarm on food shortages

Retailers in Zimbabwe want the central bank to put a speedy end to foreign payment bottlenecks for suppliers of goods and commodities to shops in the country. This comes as shortages have started to e...

By Staff reporter | Published: 06 September 2017

INDUSTRIALS & ENERGY

Shepco's unit eyes 40% capacity by December

SHEPCO Group's bolt manufacturing division - Shepco BMA Fasteners - seeks to increase its capacity utilisation by 19,3% by December this year as it continues consolidating its market share, an officia...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Econet unveils youth empowerment initiative

Zimbabwe's largest mobile network operator Econet Wireless Zimbabwe (Econet) yesterday unveiled a youth empowerment initiative, Elevate Virtual Agent Programme (Evap), which is expected to create 25 0...

By Staff reporter | Published: 06 September 2017

MINING & RETAIL

Chrome miner says fuel duty-free status above board

Africa Chrome Fields (Pvt) Ltd, a subsidiary of South African mining company Fanshawe Mining Holdings, which recently came under the spotlight after Government, through the Ministry of Transport and I...

By Staff reporter | Published: 06 September 2017

INDUSTRIALS & ENERGY

Merlin pins revival hopes on SEZs initiative

DEFUNCT textile firm, Merlin is set to tap into the Special Economic Zones model following its proposal to establish a ginnery expected to add impetus to the firm's survival when it re-opens.Under the...

By Staff reporter | Published: 06 September 2017

TELECOMS & TECHNOLOGY

Businessman loses airtime row against Econet

A Bulawayo businessman has been ordered to pay Econet Wireless more than $94 000 for the airtime recharge cards advanced to his company on credit.In addition, Mr Clifford Manungo lost a stand measurin...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

NSSA to invest $18 million in CSC

CABINET has approved investment of $18 million towards the revival of the Cold Storage Company (CSC) by the National Social Security Authority (NSSA).Deputy Minister of Agriculture, Mechanisation and ...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Millers sue Zim govt over food fortification

THE Grain Millers Association of Zimbabwe (GMAZ) has filed an application at the High Court seeking to block the Government from implementing the recently introduced mandatory food fortification.In th...

By Staff reporter | Published: 06 September 2017

INDUSTRIALS & ENERGY

Paper Mills blows thousands on imports

KADOMA Paper Mills, a division of the Zimbabwe Stock Exchange-listed ART Corporation is losing thousands of dollars per month importing waste paper among other raw materials from South Africa and Bots...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Binga anthrax outbreak under control

THE country has contained an anthrax outbreak that killed one person and infected 56 in April this year when villagers in Binga ate meat from infected dead hippos. According to the Ministry of Health ...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Workers drag NSSA to court over bonus

NEARLY 600 National Social Security Authority (NSSA) employees have taken the authority to the High Court seeking to compel it to pay them their annual bonus for 2016.Last year, NSSA did not pay out b...

By Staff reporter | Published: 06 September 2017

TELECOMS & TECHNOLOGY

High Court withholds ruling on Kwese TV

The High Court yesterday withheld ruling on whether an application by Econet Group's pay television service, Kwese TV, in which it is challenging the Broadcasting Authority of Zimbabwe (Baz) over an o...

By Staff reporter | Published: 06 September 2017

OPINION

Zimbabwe is the hottest stock market of 2017

The Zimbabwe Industrial Index, which is the main index on the exchange that contains every company except for a handful of mining stocks, is up almost 64% on the year in USD terms. The next best stock...

By investmentfrontier.com | Published: 05 September 2017

MINING & RETAIL

Zimplats competes Ngezi Phase 2 expansion project

ZIMBABWE'S largest platinum producer, Zimplats, says Ngezi Phase 2 expansion project is almost complete and is expected to start production next year.Implats' Zimbabwe unit said $458 million has been ...

By Staff reporter | Published: 05 September 2017

MINING & RETAIL

SMM complete report on Gaths Mine reopening

EXECUTIVE management at Shabanie Mashava Mines (SMM) has completed a report detailing financial and technical requirements for revival of the closed Gaths Mine in Mashava, which holds huge deposits of...

By Staff reporter | Published: 05 September 2017

ZIMBABWE

RTGs money drives ZSE

THE sustained rally on the Zimbabwe Stock Exchange is due to huge amounts of RTGs money that has been released into the economy by Government through debt assumption, the Securities Exchange Commissio...

By Staff reporter | Published: 05 September 2017

LANDS & AGRICULTURE

Zimbabwe targets 170,000ha for maize

GOVERNMENT says nearly 40 000 farmers have registered to grow maize during the 2017/17 farming season with over 170 000 hectares of land targeted for the crop.A total of 39 714 farmers, including inst...

By Staff reporter | Published: 05 September 2017

AFRICA BUSINESS

Rand weaker ahead of GDP figures

The Rand weakened against the dollar yesterday ahead of second-quarter gross domestic product (GDP) numbers and as safe-haven assets gained after a nuclear test by North Korea.At 5pm, the rand was bid...

By Staff reporter | Published: 05 September 2017

OPINION

Why do investors love equity income?

The pull of dividend income has become a very powerful one and there is no sign of any decline in its popularity. In this short guide, we explore why companies that pay dividends are in such demand, w...

By CNN | Published: 05 September 2017

TELECOMS & TECHNOLOGY

Masiyiwa's Kwese TV launches in Botswana

Pan-African pay-television network Kwese TV has launched its satellite broadcasting service in Gaborone, reports Mmegi. Kwese Free Sport was first introduced to viewers in Botswana in March but now th...

By Staff reporter | Published: 05 September 2017

ZSE TODAY

Market Commentary 5 September 2017

INDUSTRIALSThe Industrial Index continued in the positive trend gaining 7.35 points (3.02%) to settle at 251.07 ground. OLD MUTUAL (OML.zw) gained $0.2721 to trade at $4.5934, AFDIS (AFDS.zw) went up ...

By zse | Published: 05 September 2017

BUSINESS NEWS

Zimra set to surpass 2017 annual target

The Zimbabwe Revenue Authority (ZIMRA) is confident of surpassing the 2017 annual target as the robust revenue enhancement measures being implemented are bearing fruit, with net collections for the mo...

By Staff reporter | Published: 05 September 2017

BUSINESS NEWS

Healthcare stakeholders ponder healthcare ecosystem

The Healthcare Ecosystem and Quality of Life is the theme of this year's Association of Healthcare Funders of Zimbabwe (AHFoZ) Annual Stakeholders' Conference, which takes place at the Kingdom Hotel i...

By Mike Hamilton | Published: 05 September 2017

AFRICA BUSINESS

SA exits recession with 2.5% GDP growth

South Africa's gross domestic product has rebounded with 2.5% growth for the second quarter of the year.This is an improvement from the contraction reported for two consecutive quarters. GDP declined ...

By Staff reporter | Published: 05 September 2017

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