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BUSINESS NEWS

VTCs to set-up demonstration plots

Cabinet on Tuesday agreed that vocational training centres establish agricultural demonstration plots to help youths benefit from farming, Youth, Indigenisation and Economic Empowerment Minister Patri...

By Staff reporter | Published: 04 August 2017

FINANCIAL SERVICES

WannaCry virus hit Zimbabwe banks

The government says it has identified two banks which were among several institutions affected by the WannaCry virus global attack from May 12 to 15 that affected a cross section of institutions.Speak...

By Staff reporter | Published: 04 August 2017

FINANCIAL SERVICES

Barclays deal under new threat

The takeover of Barclays Bank Zimbabwe by Malawi-based First Merchant Bank has hit a new snag and is under threat from the controversial indigenization policy compelling foreign investment compelling ...

By Staff reporter | Published: 04 August 2017

BUSINESS NEWS

Zimra loses millions to car smugglers

A syndicate of car importers is prejudicing the country of millions in potential tax revenues through the smuggling of vehicles using various intricate methods, which include registering as returning ...

By Staff reporter | Published: 04 August 2017

TELECOMS & TECHNOLOGY

Makamba exits Telecel

Self-exiled businessman James Makamba (right) has sold his stake in Empowerment Corporation, a 40 percent shareholder in Telecel Zimbabwe to a local consortium for an undisclosed amount.However, with ...

By Staff reporter | Published: 04 August 2017

SOCCER

Neymar signs for Paris St-Germain for £200m

Paris St-Germain have signed Brazil forward Neymar for a world record fee of 222m euros (£200m) from Barcelona.The deal for the 25-year-old smashes the previous record set when Paul Pogba returned to...

By BBC | Published: 03 August 2017

BUSINESS NEWS

Rand adoption not necessary

The Reserve Bank of Zimbabwe (RBZ) says the adoption of the South African Rand as the official transacting currency for Zimbabwe is not necessary as it will lead to speculative tendencies, fuel inflat...

By Staff reporter | Published: 03 August 2017

FINANCIAL SERVICES

Banks record $100m profit

Zimbabwean banks have made $100,59 million profit in the half year to June 30, 2017, representing an increase of 47,99 percent from $67,97 million reported in the corresponding period last year, the c...

By Staff reporter | Published: 03 August 2017

LANDS & AGRICULTURE

Brazil to avail 2nd phase of agricultural equipment

Zimbabwe has engaged Brazil to release the second batch of agricultural equipment under the South American country's More Food for Africa Program, an envoy said on Wednesday.Zimbabwe received the firs...

By New Ziana | Published: 03 August 2017

EUROPE

Tech shares crumble after Dow breaks 22,000

World stock markets fell today, led by a tumble in tech shares as investors locked in recent gains after Wall Street's Dow Jones Industrial Average broke the 22,000 barriers for the first time in its ...

By Reuters | Published: 14 August 2017

INDUSTRIALS & ENERGY

Sunbird Energy conducts EIA

Sunbird Bioenergy Zimbabwe has started conducting a full environmental impact assessment for its $150 million bio-ethanol plant in Mashonaland Central Province.The process is in conformity with the En...

By Staff reporter | Published: 03 August 2017

TELECOMS & TECHNOLOGY

Potraz to roll out multi-million dollar USF project

The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) said on Wednesday it will soon be rolling out a multi-million dollar project under the Universal Services Fund (USF) to prov...

By New Ziana | Published: 03 August 2017

BUSINESS NEWS

SADC power generation grows

The improved performance of some power generating units coupled with additional capacity from some of the region's new built projects has resulted in a stable power supply system with a surplus not se...

By Staff reporter | Published: 03 August 2017

POLITICS

Mbeki, Mugabe meet Zimbabwe Security chiefs

Former South African leader Thabo Mbeki attended Tuesday's Cabinet meeting before holding a meeting with the country's security chiefs and President Robert Mugabe amid growing concerns in the southern...

By Staff reporter | Published: 03 August 2017

BUSINESS NEWS

NUST opens DNA testing clinic

The National University of Science and Technology (Nust) has set up a DNA testing facility offering quick and easy tests to determine paternity and other biological connections.Nust's Applied Genetic ...

By Staff reporter | Published: 03 August 2017

POLITICS

Reprieve for Zim Special Permit holders in SA

The South African Cabinet has resolved that migrant Zimbabwean nationals living in the country be given another opportunity to apply for work permits to extend their stay."Cabinet approved that the d...

By Staff reporter | Published: 03 August 2017

LANDS & AGRICULTURE

Tobacco farmers to benefit from empowerment trust

100 tobacco farmers will benefit from the BAT Zimbabwe Tobacco Empowerment Trust which will see indigenous small scale farmers in tobacco regions being capacitated with best agricultural techniques.Th...

By Staff reporter | Published: 03 August 2017

ZIMBABWE

Exports rake in $4.9 billion

Zimbabwe has generated exports worth US$4.9 billion since the introduction of the five percent export incentive scheme in May last year, representing a 14 percent increase on foreign currency receipts...

By Staff reporter | Published: 03 August 2017

EDUCATION

Zim graduates to be absorbed by DISHes

Higher and Tertiary Education, Science and Technology Development Minister Professor Jonathan Moyo speaking at the Hillside Teachers' College graduation ceremonyGraduates who leave universities and co...

By Staff reporter | Published: 03 August 2017

ZSE TODAY

Market Commentary 03 August 2017

INDUSTRIALSThe Industrial Index gained 0.20 points (0.10%) to close at 205.30 points. CFI (CFI.zw) extended the gains by a further $0.0280 to trade at $0.5000, SEEDCO (SEED.zw) advanced by $0.0057 to ...

By zse | Published: 03 August 2017

JOBS

Vacancy - Currency and Equity Derivatives Trader

Lehumo Investments, a derivatives brokerage firm based in Sandton is looking for a bright, intelligent, and reliable Currency & Equity Derivatives Trader.  The successful candidate will disp...

By Vacancy | Published: 03 August 2017

TELECOMS & TECHNOLOGY

Zimbabwe govt guns for 100% stake in Telecel

Minister of Information and Communication Technology, Postal and Courier Services, Supa Mandiwanzira told a mobile money conference in Harare on Thursday that the Zimbabwe government is eyeing to who...

By Staff reporter | Published: 03 August 2017

MINING & RETAIL

Sibanye eyes 7 400 job cuts

The mining bloodbath is continuing, with Sibanye on Thursday announcing a restructuring plan that could see about 7 400 jobs being cut.The miner, which employs 58 000 workers in South Africa, announce...

By Staff reporter | Published: 03 August 2017

MINING & RETAIL

AngloGold, Harmony deal stall on new Mining Charter

Harmony Gold Mining Co.'s long-running talks to buy AngloGold Ashanti Ltd.'s South African assets have stalled because of uncertainty over the country's new mining regulations, according to people fam...

By Bloomberg | Published: 03 August 2017

MINING & RETAIL

RBZ to market platinum, chrome

THE Reserve Bank of Zimbabwe (RBZ) will, with immediate effect take control of the marketing of platinum and chrome, in a move it says will improve transparency and efficient utilisation of foreign cu...

By Staff reporter | Published: 03 August 2017

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