Latest News

MIDDLE EAST

Iran could restart nuclear programme

Iran's president has warned that it could restart its nuclear programme "within hours" if the United States imposes any more new sanctions.Hassan Rouhani also said the programme would be more advanced...

By BBC | Published: 15 August 2017

POLITICS

Grace Mugabe due in South Africa court

FIRST lady, Grace Mugabe, is due in court in South Africa following reports of an alleged assault, South Africa's police minister says.Fikile Mbalula said: "She's not under arrest because she co-opera...

By BBC | Published: 15 August 2017

POLITICS

Mugabe, Mnangagwa clash

PRESIDENT Robert Mugabe yesterday disclosed that he had on several occasions clashed with a section of Cabinet ministers led by Vice-President Emmerson Mnangagwa over how to deal with capital punishme...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

First Mutual plans rights issue

First Mutual  Life Holdings Limited (FMHL) last week announced plans to pursue a rights offer to raise $17,25 million, the businessdaily can report.The implementation of the rights offer will dep...

By Staff reporter | Published: 15 August 2017

BUSINESS NEWS

Special Economic Zones Authority hunts for CEO

The Special Economic Zones Authority (Seza) has begun hunting for a new chief executive officer who will spearhead the country's quest for increased foreign direct investment through Special Economic ...

By Staff reporter | Published: 15 August 2017

BUSINESS NEWS

'No power tariff hike yet'

Electricity tariff hikes will only be effected once the review of Zimbabwe Electricity Transmission and Distribution Company (ZETDC)'s supply capacity is completed, the energy industry regulator said....

By Staff reporter | Published: 15 August 2017

TRANSPORT & TOURISM

'NRZ revival set to boost rail traffic'

The revival of the National Railways of Zimbabwe will help boost the country's ailing economy through increased traffic, Diaspora Infrastructure Development Group (DIDG) has said.DIDG, together with i...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

ZB in massive land bank acquisition

Listed financial services group ZB Financial Holdings has embarked on a massive acquisition of land across the country to support strategic growth.The group chief executive officer, Ronald Mutandagayi...

By Staff reporter | Published: 15 August 2017

LANDS & AGRICULTURE

Border Timbers in CSD debut

Zimbabwe Stock Exchange-listed agro-industrial concern, Border Timbers, is set to make its debut on the Central Securities Depository (CSD) next week.The CSD system maintains securities in electronic ...

By Staff reporter | Published: 15 August 2017

POLITICS

MDC-T property auctioned

The Morgan Tsvangirai-led MDC property recently attached over a $108 000 debt owed to the party's former employee - Sally Dura - is set to be auctioned on Friday.Dura, along with 15 other ex-MDC staff...

By Staff reporter | Published: 15 August 2017

BUSINESS NEWS

Intercape Harare-Cape Town service back

A LEADING luxury passenger transport service company, Intercape has re-introduced the Harare-Cape Town service due to public demand as well as the need to give quality service to customers.Speaking du...

By Staff reporter | Published: 15 August 2017

BUSINESS NEWS

BCC seeks investors in accommodation sector

BULAWAYO City Council (BCC) continues to face accommodation challenges and is calling upon potential investors to invest in the sector to address the situation, a senior official has said.The city's h...

By Staff reporter | Published: 15 August 2017

MINING & RETAIL

Hwange Colliery acquires coal extraction machine

HWANGE Colliery Company Limited (HCCL) has secured a coal extraction machine, one of the critical pieces of equipment the miner requires for its underground mining operations.The colliery, which recen...

By Staff reporter | Published: 15 August 2017

INDUSTRIALS & ENERGY

ZPC misses Q1 production target

THE Zimbabwe Power Company (ZPC) has missed its production target for the first quarter by 5.94 percent, generating 1 789.80 Gigawatts per hour against the targeted 1 902.76GWh.ZPC managing director E...

By Staff reporter | Published: 15 August 2017

BUSINESS NEWS

Vehicle sales down 10.4% in 7 months

SALES for new vehicles dropped 10,4% to 1 874 in the first seven months of the year, as people continue to prioritise resources amid low disposable income.Over the same period last year, 2 092 vehicle...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

CBZ bemoans growing rental arrears

LISTED financial services group CBZ Holdings has bemoaned growing rental arrears, restrained rental yields and low occupancy levels obtaining in the commercial property sector for weighing down on ove...

By Staff reporter | Published: 15 August 2017

FINANCIAL SERVICES

ZB sets aside $10m for land bank acquisitions

ZB Financial Holdings says the acquisition of land banks remains a focus area for the group as it believes this to be a source of strategic growth in the future.Speaking at the group's analysts briefi...

By Staff reporter | Published: 15 August 2017

TELECOMS & TECHNOLOGY

Econet sued over $1

Zimbabwe Development Party leader Mr Kisinoti Mukwazhe has taken a local mobile network service provider to the High Court for a dollar that he claims was unprocedurally deducted from his account.Mukw...

By Staff reporter | Published: 14 August 2017

LANDS & AGRICULTURE

Minister blasts Cottco

Agriculture, Mechanisation and Irrigation Development Minister Dr Joseph Made has hit out at Cottco officials for making public statements that distabilise the sector.In an interview, Dr Made said the...

By Staff reporter | Published: 14 August 2017

FINANCIAL SERVICES

Insurance directors under scrutiny

The Insurance and Pension Commission is working on new amendments which if approved would result in significant changes in some insurance company boards and management.While the proposed amendments we...

By Staff reporter | Published: 14 August 2017

BUSINESS NEWS

RBZ to set up collateral registry

The Reserve Bank of Zimbabwe is in the process of setting up a collateral registry in line with the Movable Property Security Act which was recently signed into law by President Mugabe.Speaking at the...

By Staff reporter | Published: 14 August 2017

BUSINESS NEWS

National drug stocks set to improve

The country's national drug stocks are expected to improve in a few weeks following an injection of $4 million every month by Government, specifically for drug procurement, Health and Child Care Mini...

By Staff reporter | Published: 14 August 2017

MINING & RETAIL

Spar Zimbabwe sues packaging company

SPAR Zimbabwe is suing a Bulawayo packaging company for $100 000 in damages for allegedly infringing on its trademark rights by using a trademark similar to theirs.Spar Zimbabwe (Pvt) Ltd, which is re...

By Staff reporter | Published: 14 August 2017

TRANSPORT & TOURISM

Fastjet to introduce fifth Zimbabwe route

LOW-cost airline Fastjet will before the end of the year introduce a new route between Harare and Lusaka.In a statement, the airline's spokesperson Ms Faith Chaitezvi said the proposed route, which wi...

By Staff reporter | Published: 14 August 2017

TRANSPORT & TOURISM

NRZ, investor finalise contract negotiations

THE National Railways of Zimbabwe (NRZ) will this week meet its new investor, Diaspora Infrastructure Development Group (DIDG)/Transnet that has won the parastatal's $400 million recapitalisation tend...

By Staff reporter | Published: 14 August 2017

Latest News

Latest Published Reports

Latest jobs