CONSTRUCTION & PROPERTY

Vakayi Capital makes first investment in Zimbabwe

Vakayi Capital, a venture capital firm, has availed about $400 000 to Homelux Property Development which will go towards the development of residential stands in Tynwald Harare.Vakayi is an SME-focuse...

TELECOMS & TECHNOLOGY

Potraz to roll out multi-million dollar project

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

LANDS & AGRICULTURE

Maize deliveries hit 450,000 tonnes

Grain deliveries to the Grain Marketing Board for the 2016 /17 farming season have tripled to 450 000 tonnes compared to the corresponding period, a senior Government has said. Farmers started deliver...

BUSINESS NEWS

Southern Granite invests $1.9m in machinery

Granite rock processor, Southern Granite (Pvt) Ltd has invested $1,9 million in machinery, which will double its production. In an interview on the sidelines of a factory tour by Industry and Commerce...

BUSINESS NEWS

Zimra surpasses July revenue target by 11%

The Zimbabwe Revenue Authority (Zimra) continues to enjoy the benefits of various initiatives it has been implementing to increase revenue collection with gross collection for July surpassing the $286...

BUSINESS NEWS

RBZ raises travel allowance to $2,000

THE Reserve Bank of Zimbabwe (RBZ) has increased the amount of foreign currency an individual can carry outside the country to $2 000 with immediate effect. RBZ had put the limit at $1 000 on May 5 la...

BUSINESS NEWS

Zimbabwe courts private investors

ECONOMIC Planning and Investment Promotion minister Obert Mpofu yesterday said the government is working towards more private sector involvement in the funding of the implementation of the Sustainable...

MINING & RETAIL

Zim asks court to compulsory acquire Zimplats land

Zimbabwe has filed a court application to enforce a previous notice to seize more than half of platinum producer Zimplats' mining land, the company said on Wednesday.Zimplats, which is majority contro...

BUSINESS NEWS

Zimra engages MPs in fighting corruption

The Zimbabwe Revenue Authority (Zimra) called upon Parliamentarians to enact laws that will help in curbing corruption.Speaking at a Parliamentarians Workshop which the Authority hosted in Harare on t...

BUSINESS NEWS

Donkeys used to smuggle cars into Zimbabwe

Police in South Africa have foiled an attempt to smuggle a stolen luxury car into Zimbabwe using donkeys to pull it across the Limpopo river.The suspects fled into the bushes towards Zimbabwe after th...

ZSE TODAY

Market Commentary 02 August 2017

INDUSTRIALSThe Industrial Index went up by a further 0.67 points (0.33%) to settle at 205.10 points. CFI (CFI.zw) gained $0.0250 to close at $0.4720, SEEDCO (SEED.zw) put on $0.0105 to $0.2910 while ...

TELECOMS & TECHNOLOGY

MTN expects to report positive numbers

Africa's largest telecoms company, MTN, expects to report positive numbers in its interim financial results for the six months to end-June 2017.The telecommunications provider projects basic headline ...

WATCH: Africa's richest man talk to Al Jazeera

The continent's wealthiest businessman talks about job creation, success and the opportunities Africa provides. ...

ZIMBABWE

South African exports to Zimbabwe fall

South Africa is feeling the pinch of the tight import controls gazetted by the Zimbabwean government with statistics indicating the volume of exports have registered a 10 percent drop since January.Zi...

EUROPE

Facebook to launch TV shows

Facebook will debut its first original TV shows in mid-August, according to a Bloomberg report, citing people familiar with the matter. The new TV service was originally expected to be released in Jun...

TELECOMS & TECHNOLOGY

Iflix Africa, Kwesé team up

Iflix Africa and Econet media team up to bring subscription video on demand (SVOD) services to sub-Saharan Africa. Iflix is the world's leading Internet TV service for emerging markets and Econet Med...

TRANSPORT & TOURISM

Miss Tourism Zim on fastjet's Magazine cover

fastjet's reimagined in-flight magazine Places this month features Miss Tourism Zimbabwe 2016 Ashley Morgen on the cover. Dressed by celebrated South African designer Khosi Nkosi and photographed by ...

MINING & RETAIL

Zimplats' revenue rise 9%, production up 17%

Zimbabwe Platinum Mines (Zimplats) increased its revenue by 9% from the previous quarter mainly due to the 16% increase in 4E metal sales volumes, which was partly offset by a general decrease in meta...

MINING & RETAIL

TM Pick N Pay job cuts will not affect Zimbabwe

TM Pick N Pay Zimbabwe says the 3 500 job cuts from South Africa's Pick N Pay retail giant will not affect Zimbabwean operations.Pick N Pay South Africa is cutting jobs after the retailer flagged down...

POLITICS

Mugabe, Mbeki in private talks

FORMER South African leader Thabo Mbeki flew into Harare early on Monday for "consultations" with President Robert Mugabe, as Zimbabwe teeters on the brink of implosion over the 93-year-old Zanu-PF le...

BUSINESS NEWS

Education Ministry faces eviction

THE Mining Industry Pension Fund (MIPF) has taken the Ministry of Primary and Secondary Education to court seeking an eviction order over a debt of more than $270 000 in unpaid rentals and other opera...

BUSINESS NEWS

CZI congress, investment forum kicks off

THE Confederation of Zimbabwe Industries (CZI) annual congress and international investment forum kicks off in Victoria Falls today.The three-day event, which runs under the theme, "Growing manufactur...

FINANCIAL SERVICES

DPC sues failed banks' executives

THE Deposit Protection Corporation (DPC) has started taking legal action against shareholders and directors of banks whose institutions failed due to poor corporate governance.DPC chief executive offi...

OPINION

Early childhood financial literacy

THE best way to grasp a concept is when one is young. Children have the ability to throttle concepts better than adults. It is in the best interest of society to catch the children young and incalcula...

BUSINESS NEWS

Staff shortage cripples Mpilo Cancer unit operations

SHORTAGE of staff is crippling the smooth running of Mpilo Central Cancer Unit which was opened in April this year.The unit, which has since rolled out nuclear medicine, does not have the required num...