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BUSINESS NEWS

'Liquidity crisis a temporary setback'

THE prevailing liquidity challenge in the economy is a temporary phase that should not distract industry focus on improving productivity.Industry and Commerce Deputy Minister Chiratidzo Mabuwa said th...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

New pay structure for parastatal bosses

THE Office of the President and Cabinet has drafted a new pay structure that sets benchmarks on salaries earned by chief executive officers of parastatals and State enterprises.Figures of the new sala...

By Staff reporter | Published: 28 August 2017

INDUSTRIALS & ENERGY

Pump and Steel in expansion drive

BULAWAYO-headquartered Pump and Steel Supplies Company has spread its wings to Harare where it has opened a new branch as part of its expansion drive.The firm's human resources manager, Mr Ernest Jack...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Experts question exclusion of Masiyiwa from SEZs

The Government should allocate specific funding in the national budget and establish a secretariat to facilitate speedy implementation of Special Economic Zones (SEZs), economic experts say.Zimbabwe h...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

PPC spends $2.5m on environmental compliance

GIANT cement maker PPC Zimbabwe says it has spent $2.5 million to curb high stack emissions in the last two years at its Colleen Bawn plant in line with the environmental compliance regulations.The pl...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Normal to below normal rains expected this season

SOUTHERN African countries have been urged to prepare for the worst for the 2017/18 rainfall season, after a regional forecast released over the weekend showed there will be a drought in the first hal...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

PPC threatens to shut Collen Bawn plant

The country's largest cement producer, PPC Zimbabwe has hinted on a possibility to shut down its Collen Bawn plant in Gwanda citing pressure from cheap imported clinker by other producers and smuggled...

By Staff reporter | Published: 28 August 2017

LANDS & AGRICULTURE

Dairy industry struggling, says Stanger

Manicaland's dairy industry is operating below capacity due to high and unsustainable production costs.Zimbabwe has for more than a decade failed to produce enough milk and has resorted to importing f...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

Nicoz Diamond PAT down in 1H

NICOZ DIAMOND Insurance Limited saw its profit after tax declining by 0,5% to $1,2 million in the six months ended June 30, 2017 after the group incurred retrenchment costs at its unit in Malawi.In th...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Arda Transau expects bumper wheat harvest

EIGHTY-SIX families resettled at ARDA Transau from Chiadzwa in 2010 are expecting a bumper wheat harvest from 40 hectares of land which they planted under Government's Command Wheat programme.Chairper...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

$80m invested in mini hydro power stations

At least $80 million has been invested by private players in mini hydro power stations in Manicaland in recent months and more new such stations are expected to come on line following the liberalisati...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Govt sets aside $5m for retrenched workers

Government is creating a database of thousands of workers affected by the 2015 retrenchments, with a view to offer them loans to start income generating projects, Public Service, Labour and Social Wel...

By Staff reporter | Published: 28 August 2017

FINANCIAL SERVICES

Stanbic revamps home loans facilities

Stanbic Bank Zimbabwe has revamped its home loans offering in a bid to encompass both existing and prospective home owners.In an interview, the bank's acting head of personal and business banking Pats...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

'Healers can start own medical aid schemes'

Government has given traditional healers the green light to start their own medical aid societies after revelations that over 80 percent of Zimbabweans prefer their services. Speaking during the Minis...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Bid to block Zinara probe backfires

FOUR senior public officials, including two directors in the Ministry of Transport and Infrastructural Development, have been suspended for trying to block investigations into the abuse of State fund...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Govt lures private players in energy sector

Government is finalising the Renewable Energy Policy and Independent Power Producer (IPP) framework which is set to enhance private sector participation in the sector, Energy and Power Development min...

By Staff reporter | Published: 28 August 2017

TRANSPORT & TOURISM

NRZ relishes recapitalisation move

The National Railways of Zimbabwe (NRZ) is positioning itself to reclaim its market share following its milestone partnership with a private firm that will see a US$400 million recapitalisation. 2017...

By Staff reporter | Published: 28 August 2017

TRANSPORT & TOURISM

Hospitality sector tops customer satisfaction index

The hospitality industry is leading in terms of satisfying customers after scoring top marks in a recent survey conducted by the Chartered Institute of Customer Management.     Ou...

By Staff reporter | Published: 28 August 2017

ZIMBABWE

ZSE ends week on a high note

The Zimbabwe Stock Exchange has ended the week on a higher note on the back of gains by the industrial listed counters.The industrial index closed the week on a higher note after putting on 1.83 poin...

By Staff reporter | Published: 28 August 2017

MINING & RETAIL

ZCDC to mine conglomerate diamonds next year

The Zimbabwe Consolidated Diamond Company (ZCDC) is targeting to generate more revenue from mining conglomerate diamonds with the initiative expected to be fully operational by next year.Since its es...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Zim Economic Zones Authority on the cards

The establishment of the special economic zones will witness the emergence of a regime within a government as some laws that operate in the country like the indigenisation and economic empowerment act...

By Staff reporter | Published: 28 August 2017

LATEST PUBLISHED REPORTS

NICO.zw | Unaudited Financial Results HY17

Financial Highlights:– Earned premium $ 13,082,928– Total revenue $ 13,786,577– Operating profit $ 1,559,926– Profit before tax $ 2,098,938– Profit for the period $ 1,204,110– Dividend Nil...

By NICO | Published: 27 August 2017

AFRICA BUSINESS

White Zim farmers take on Nigeria's challenges

Farming in Nigeria is not for the fainthearted.Intermittent electricity means generators are needed half the time. Chronically potholed roads make transport slow and expensive. Fake fertiliser has pr...

By AFP | Published: 27 August 2017

BUSINESS NEWS

Zim - SA aviation tiff was poorly handled

The wrangle between Zimbabwean and South African aviation authorities, which left thousands of travellers between the two countries stranded over the weekend, could have been handled differently.Thous...

By Staff reporter | Published: 28 August 2017

POLITICS

Mugabe shame ZRP over its roadblocks

President Robert Mugabe yesterday endeared himself to thousands of mourners at the National Heroes Acre and millions of viewers at home, when he shamed the Zimbabwe Republic Police (ZRP) over its ub...

By Staff reporter | Published: 28 August 2017

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