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ZIMBABWE

Heavyweights drive industrial gains

The Zimbabwe Stock Exchange's mainstream Industrial Index surged by 2.81 points to close at 217.90 in a rally across the board.Heavyweight counters dominated the session as cigarette-maker BAT Zim ros...

By Staff reporter | Published: 23 August 2017

MINING & RETAIL

Zimplats' parent company expects FY loss

Impala Platinum, the parent company of Zimbabwe's largest platinum producer Zimplats, says its headline loss per share for the year ended June 30, 2017 is expected at between 125 and 150 cents per sha...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

Supa to open Customer Service Symposium

Information, Communication, Technology and Courier Services Minister Supa Mandiwanzira will headline this year's edition of the Zimbabwe Customer Experience and Service Delivery Symposium.The symposi...

By Staff reporter | Published: 23 August 2017

FINANCIAL SERVICES

NMBZ records half-year profit

NMBZ Holdings, NMB Bank's holding company, recorded a profit before tax of $4 838 174 for the half-year ended June 30, 2017, resulting in total comprehensive income of $3 556 915.This was an increase ...

By Agencies | Published: 23 August 2017

BUSINESS NEWS

Safeguard warns of increase in armed robberies

Safeguard Security has warned of a noticeable increase in crimes involving firearms, particularly in remote areas, and of an increase in break-ins in Harare's northern suburbs. It has urged those with...

By Agencies | Published: 23 August 2017

LANDS & AGRICULTURE

Stockfeed prices yet to go down

THE Zimbabwe Poultry Farmers' Association (ZPFA) says stockfeed prices are yet to go down despite the bumper harvest realised this year.Following the good rains that the country received in the previo...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

CZI to complete manufacturing survey in October

THE Confederation of Zimbabwe Industries (CZI) says this year's manufacturing sector survey would be completed in October with the results expected in November.CZI president Mr Sifelani Jabangwe said ...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

Business welcomes local content policy

Business has called for urgency in the crafting of the local product content policy so that political will to increase production and consumption of local goods become a reality.Implementation monitor...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

Zim-Singapore sign Special Economic Zones MoU

Zimbabwe and Singapore economic ties are expected to strengthen after the signing of a memorandum of understanding (MOU) on special economic zones.Singapore Co-Operation Enterprise Director for Africa...

By Staff reporter | Published: 23 August 2017

MINING & RETAIL

Zimbabwe diamond output hits 1.25m carats

Diamond output has hit 1.25 million carats in the last seven months with the Zimbabwe Consolidated Diamond Company (ZCDC) eyeing to reach the 2 million carats target for this year.The production figur...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

SA investors target capital investments in Zim

 Zimbabwean diaspora investors in South Africa have earmarked investment in the manufacturing, transport and energy sectors with the final conclusions expected before year end.Significant interes...

By Staff reporter | Published: 23 August 2017

FINANCIAL SERVICES

ICZ to raise awareness on insurance industry

The Insurance Council of Zimbabwe (ICZ) will conduct awareness campaigns on how the insurance industry works as well as review the Insurance and Pension Commission Act to address some of the challenge...

By Staff reporter | Published: 23 August 2017

TELECOMS & TECHNOLOGY

Zimbabwe dismiss Kwese TV licence claims

The Broadcasting Authority of Zimbabwe (BAZ) wishes to advise the public that the authority has not issued a licence to Kwese TV to operate in Zimbabwe.This follows media reports suggesting that Kwese...

By Staff reporter | Published: 23 August 2017

ZSE TODAY

Market Commentary 23 August 2017

INDUSTRIALSThe Industrial Index surged by 2.81 points (1.31%) to close at 217.90 points in a rally across the board. Heavyweight counters dominated the session as BRITISH AMERICAN TOBACCO (BAT.zw) ros...

By zse | Published: 23 August 2017

LANDS & AGRICULTURE

Zim poultry sector sends SOS to govt

THE poultry industry is faced with chick and egg shortages as one of the big breeders has been hit with bird flu, and the sector was requesting assistance from the government.Zimbabwe Poultry Associat...

By Staff reporter | Published: 23 August 2017

CONSTRUCTION & PROPERTY

Zimre's Bulawayo $10m projects to begin soon

ZIMRE Property Investments Limited has set aside about $20 million for the development of its construction projects in Bulawayo and Victoria Falls that are expected to begin soon.The projects comprise...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

Millers club threatens to stop payments to farmers

THE Grain Millers Association of Zimbabwe might stop paying farmers for maize produced under Command Agriculture if Government insists on fortification implementation. GMAZ has a standing agreement wi...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

Climate fund avails $1,5m to Zimbabwe

The Zimbabwe Reconstruction Fund has disbursed $1,5 million to Government for programmes aimed at strengthening the country's capacity to integrate climate change considerations into development activ...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

RBZ in drive to grow forex earnings

Reserve Bank of Zimbabwe Governor Dr John Mangudya is making frantic efforts to grow Zimbabwe's foreign currency earnings across industry in a bid to address foreign currency shortages that resulted i...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

Convert Grand Reef into international commercial airport

THE Hospitality Association of Zimbabwe (HAZ) Manicaland chapter has called on the government to transform the military-owned Grand Reef Airport into an international commercial airport to make the pr...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

Cross-border loan facility registers low uptake

Zimbabwe Cross-Border Traders Association (ZCBTA) is going around the country marketing the $15 million credit facility which was availed by the central bank in March, amid low uptake of the loan faci...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

Retailers cry foul over exorbitant mobile money charges

RETAILERS have called on mobile money service providers to lower transaction charges so as to accommodate more consumers, particularly in rural areas.Confederation of Zimbabwe Retailers (CZR) chairper...

By Staff reporter | Published: 23 August 2017

BUSINESS NEWS

Zera closes in on illegal fuel imports

THE Zimbabwe Energy Regulatory Authority has moved closer to ending smuggling of fuel into Zimbabwe following the close of window yesterday for submission of private tenders for marking of all importe...

By Staff reporter | Published: 23 August 2017

INDUSTRIALS & ENERGY

Delta loses $761 000 to employees

Three Delta Beverages employees yesterday appeared at the Harare Magistrates' Court facing fraud charges involving $761 616 after they allegedly manufactured fictitious expense claims and processed p...

By Staff reporter | Published: 23 August 2017

MINING & RETAIL

PPC Zim reports double digit volume growth

Cement producer PPC Zimbabwe posted its highest monthly volumes during the first quarter ended June 30, 2017, its parent company PPC South Africa has reported."PPC Zimbabwe also saw double digit volu...

By Staff reporter | Published: 22 August 2017

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