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MINING & RETAIL

Decriminalisation of gold possession looms

THE new Mines and Minerals Amendment Act is expected to create a favourable operating environment for small-scale miners, who are currently bearing the brunt of a punitive colonial law that criminalis...

By Staff reporter | Published: 21 August 2017

BUSINESS NEWS

Jericho appointed DStv media agent

LOCAL advertisers can now book advertising space across multiple channels on DStv for the first time following the appointment of Jericho and The Jupiter Drawing Room (South East Africa) as the popula...

By Staff reporter | Published: 21 August 2017

TRANSPORT & TOURISM

Air Zimbabwe, SAA tiff resolved

Zimbabwe yesterday cleared all South African Airways (SAA) and British Airways (BA) flights that sought to land in the country following fruitful engagement among the concerned aviation authorities, T...

By Staff reporter | Published: 21 August 2017

INDUSTRIALS & ENERGY

Turnall eyes Govt, NSSA projects

TURNALL Holdings Limited is targeting government and NSSA business as it works toward a break even position by year end, acting managing director Roselyn Chisveto told shareholders at the annual gener...

By Staff reporter | Published: 21 August 2017

BUSINESS NEWS

Gold panners threaten Runde River

ILLEGAL gold panning along Runde River is threatening its existence and urgent action must be taken to arrest the situation, Runde Rural District Council chief executive officer Mr Gorden Moyo has sai...

By Staff reporter | Published: 21 August 2017

BUSINESS NEWS

$45m Nostro account backlog hampers bakers

THE National Bakers' Association of Zimbabwe (NBAZ) has appealed to the Reserve Bank to clear over $45 million in Nostro account balances to ensure the bakers import raw materials on time.Since last y...

By Staff reporter | Published: 21 August 2017

ZIMBABWE

ZSE ends week on high note

TRADING on the Zimbabwe Stock Exchange (ZSE) last week ended on a high note driven by the rise in share prices of industrial stocks.Data from the ZSE showed that the industrial index closed the week o...

By Staff reporter | Published: 21 August 2017

ZSE TODAY

Market Commentary 18 August 2017

INDUSTRIALSThe Industrial Index closed the week higher at 213.15 points after putting on 1.46 points (0.69%) on the back of subdued trading. MEIKLES (MEIK.zw) was up by $0.0107 to trade at $0.2200, CF...

By zse | Published: 21 August 2017

ZSE TODAY

Market Commentary 17 August 2017

INDUSTRIALSThe Industrial Index extended by a further 0.50 points (0.24%) to close at 211.69 points.   SIMBISA (SIM.zw) added $0.0173 to close at $0.3101, NATIONAL FOODS (NTFD.zw) strengthen...

By zse | Published: 21 August 2017

OPINION

Deciding labour matters on technicalities

WHILE a lot has been written about problems related to deciding labour matters on technicalities, many workers who go on to lose cases over-rely on technicalities as a basis for appeals.In one of my r...

By Davies Ndumiso Sibanda | Published: 17 August 2017

BUSINESS NEWS

ZIA targets local authorities partnerships

THE Zimbabwe Investment Authority (ZIA) is set to partner local authorities to enhance the ease of doing business and promote investment in their respective localities.ZIA chief executive officer Mr R...

By Staff reporter | Published: 17 August 2017

BUSINESS NEWS

Supreme Brands making impact

IN 2010, a 27-year-old graduate conceived an idea to start a toilet paper-making business in Harare.Little did Mr Faraimose Kutadzaushe, now 33, know that less than 10 years down the line, his busines...

By Staff reporter | Published: 17 August 2017

BUSINESS NEWS

Nando's Bulawayo readies to re-open?

THERE seems to be activity at the Nando's Bulawayo outlet that collapsed in February this year as contractors have been spotted working on the structure, whetting the appetite of the city's foodies af...

By Staff reporter | Published: 17 August 2017

BUSINESS NEWS

'Focus more on engineering sector'

THE Zimbabwe Institute of Engineers (ZIE) has called on the Government to put more focus on recapitalisation of the engineering sector to foster growth of the industry.ZIE is a multi-disciplinary inst...

By Staff reporter | Published: 17 August 2017

ECONOMC INDICATORS

Zimbabwe inflation decreases

THE country's year-on-year inflation shed 0.17 percentage points to 0.14 percent in July, figures from the Zimbabwe National Statistics Agency (Zimstat) show.Month-on-month inflation also fell from -0...

By Staff reporter | Published: 17 August 2017

TELECOMS & TECHNOLOGY

NetOne registers 2.9% slump in airtime revenue

ZIMBABWE'S second largest mobile network NetOne registered a 2,9 percent slump in airtime revenues for the year ended December 2016 to $70,1 million down from $72,2 million.Airtime revenues are mainly...

By Staff reporter | Published: 17 August 2017

BUSINESS NEWS

IDC in the market for $100 million

The Industrial Development Corporation of Zimbabwe is looking at raising $100 million seed capital to kick-start its development financing operations.IDC is currently in advanced talks with the Indust...

By Staff reporter | Published: 17 August 2017

FINANCIAL SERVICES

Agribank lines up $98m agric, export facilities

AGRIBANK has lined up agriculture and export facilities totalling $98 million and about $20 million has so far been snapped up as the bank steps up efforts to play its key mandate of financing agricul...

By Staff reporter | Published: 17 August 2017

AFRICA BUSINESS

Regional industrialisation core on Sadc indaba agenda

The SADC Council of Ministers meeting, which kicked off on Tuesday has placed regional industrialisation at the centre of its agenda. In a media briefing, South African Minister of International Relat...

By Staff reporter | Published: 17 August 2017

BUSINESS NEWS

'Zimbabwe most hackable country'

ZIMBABWE was listed as the most hackable country in the world out of 183 countries on the back of having many internet protocol (IP) addresses that are still using an outdated protocol leaving firms s...

By Staff reporter | Published: 16 August 2017

FINANCIAL SERVICES

Barclays Zim divesture to be completed in 2H

Barclays Plc, parent company for Barclays Zimbabwe expects to complete its divestiture from the local operation during the second half of 2017 as the banking firm eyes maintaining profitability going ...

By Staff reporter | Published: 16 August 2017

FINANCIAL SERVICES

Short-term deposits continue to affect lenders

THE country's broad money supply continues to be dominated by short-term deposits, a factor that constrains the local financial services sector's capacity to lend to critical sectors of the economy on...

By Staff reporter | Published: 16 August 2017

LANDS & AGRICULTURE

Zimbabwe milk production up

Milk production for the month of July rose 6,2 percent to 5 810 176 litres compared to 5 471 113 litres in the period a year ago. This is the highest milk production achieved so far as the sector is b...

By Staff reporter | Published: 16 August 2017

AFRICA BUSINESS

SA banks sued for R60bn in home repossession case

More than 225 applicants, mostly from Gauteng townships, have launched a suit in the Constitutional Court, claiming damages from the big banks for home repossession abuse.The applicants are claiming R...

By Staff reporter | Published: 16 August 2017

INDUSTRIALS & ENERGY

Bakers lament foreign currency payment delays

The National Bakers Association of Zimbabwe's production is being hampered by the outstanding US$16 million in foreign payments for the acquisition of raw materials for the bread industry.The local ba...

By Staff reporter | Published: 16 August 2017

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