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LANDS & AGRICULTURE

Zim poultry farm hit by avian flu outbreak again

A Zimbabwean poultry farm has reported a second outbreak of highly pathogenic H5N8 bird flu, two months after it first occurred, the state-owned Herald newspaper said on Monday.Lanark farm, a commerci...

By Reuters | Published: 31 July 2017

ZSE TODAY

Market Commentary 31 July 2017

INDUSTRIALSThe Industrial Index opened the week on a higher note after gaining 1.19 points (0.59%) to close at 203.25 points. SIMBISA (SIM.zw) advanced by $0.0250 to trade at $0.2500, ECONET (ECO.zw) ...

By zse | Published: 31 July 2017

INDUSTRIALS & ENERGY

It's Game of Thrones at CFI

The battle for the throne at CFI Holdings (CFI) has escalated with market regulator - the Zimbabwe Stock Exchange (ZSE) - claiming it was unaware that British tycoon, Nicholas Van Hoogstraten's Messin...

By Staff reporter | Published: 31 July 2017

Delta's Coke bottlers agreement runs until May 2018

Delta Corporation says the Bottlers Agreement with The Coca-Cola Company (TCCC) runs until May 2018 and engagements on the intention by Coca-Cola to terminate the agreement are now moving towards a co...

By Staff reporter | Published: 31 July 2017

INDUSTRIALS & ENERGY

NTS profits narrow due to forex challenges

NATIONAL Tyre Services Limited (NTS) profits narrowed from $624 405 to $153 919 during the year ended March 2017, as the company continues to suffer from low consumer demand and foreign currency short...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

Zimra officials tampered with data system

FINANCE minister Patrick Chinamasa, has claimed that some top Zimbabwe Revenue Authority (Zimra) officials had tampered with the revenue collector's data system to cover up their corrupt activities.Ch...

By Staff reporter | Published: 31 July 2017

LANDS & AGRICULTURE

CSC rolls out green pastures programme

THE Cold Storage Company (CSC) has engaged livestock farmers on a programme dubbed "green pastures" meant to enhance development of feedlots for quality production.CSC Marketing director, Mr Isaiah Ma...

By Staff reporter | Published: 31 July 2017

POLITICS

Traders cry foul over Mugabe rally

SMALL-and-medium scale business operators in Chinhoyi yesterday said President Robert Mugabe's Zanu-PF campaign rally on Saturday had cost them heavily, after they were forced to shut down until afte...

By Staff reporter | Published: 31 July 2017

FINANCIAL SERVICES

Cash crisis biggest headache in Zimbabwe

THE prevailing cash challenges are the major problem affecting rural households in the country, the latest Zimbabwe Vulnerability Assessment Committee (ZimVAC) report has said.The 2017 Rural Livelihoo...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

'Slash Zim civil servants allowances,' says Cross

BULAWAYO South MP Eddie Cross has said Government should slash civil servants allowances to reduce Government expenditure.The MP said this in Parliament on Tuesday during a debate on the recently pres...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

Beitbridge's inaugural business conference

BEITBRIDGE Town will host its inaugural business conference this week as part of efforts to promote investment in the border town and improve issues of corporate governance.Beitbridge Business Link is...

By Staff reporter | Published: 31 July 2017

TRANSPORT & TOURISM

NRZ rebrands workshop

THE National Railways of Zimbabwe (NRZ) has rebranded its workshop to offer external equipment repair services to private clients.NRZ public relations manager, Mr Nyasha Maravanyika, said the rebrande...

By Staff reporter | Published: 31 July 2017

MINING & RETAIL

Blanket Mine on track to achieve revised target

CALEDONIA Mining Corporation has expressed optimism that its 49 percent owned Blanket Mine in Matabeleland South is still on track to achieve the 2017 revised production guidance of between 52 000 oun...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

$800m needed to end bank queues

ZIMBABWE needs about $800 million to circulate in the formal economy in order to end cash queues in banks, Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr Kupukile Mlambo has said.Since April last y...

By Staff reporter | Published: 31 July 2017

EDUCATION

Schools management software system launched

THE Minister of Primary and Secondary Education, Dr Lazarus Dokora, has launched a schools management software system to improve the administration of schools, with more than 6 000 institutions expect...

By Staff reporter | Published: 31 July 2017

MINING & RETAIL

OK Zimbabwe records 19% revenue growth

ZIMBABWE'S largest retail group, OK Zimbabwe Limited said revenue for the first quarter of financial year 2018 grew 19 percent on the back of major promotions during the quarter.OK Zimbabwe runs one o...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

Forex shortage hinders RBZ repayment plans

Illegal foreign currency trading on the parallel market has resurfaced, further hindering efforts by the Reserve Bank of Zimbabwe (RBZ) to clear the backlog of foreign payments of close to $200 millio...

By Staff reporter | Published: 31 July 2017

MINING & RETAIL

ASA Resources shares suspended from LSE

Asa Resources Group PLC shares were last Friday suspended from the London Stock Exchange after the company was forced to delay implementing measures to address its dire cash-flow position because it e...

By Staff reporter | Published: 31 July 2017

FINANCIAL SERVICES

EcoCash scales down debit card issuance

LISTED telecoms firm, Econet has scaled down the issuance of new debit cards for its mobile money service, EcoCash, in line with the central bank's directive to monitor foreign expenditure.Local finan...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

Zim receives $6m irrigation equipment

Government has received 80 centre pivots worth over $6 million from Spain to aid irrigation under Command Agriculture, Vice President Emmerson Mnangagwa said.VP Mnangagwa said the centre pivots were c...

By Staff reporter | Published: 31 July 2017

BUSINESS NEWS

ZBC ordered to reinstate top buyer

THE Labour Court has ordered State broadcaster, the Zimbabwe Broadcasting Corporation (ZBC), to reinstate its procurement executive officer, Constantino Tsatsayi, whose contract was terminated last ye...

By Staff reporter | Published: 31 July 2017

MINING & RETAIL

Zimbabwe exploration back on the agenda

THE Mines and Mining Development Ministry has insisted on a combined role for the proposed Minerals Marketing and Exploration Corporation following efforts by legislators to separate the entity's func...

By Staff reporter | Published: 30 July 2017

POLITICS

Sekeramayi's political stock is rising

Defence minister Sydney Sekeramayi's political stock is rising amid indications that neutrals in the do-or-die Zanu-PF war to succeed President Robert Mugabe are pushing for his elevation to occupy th...

By Staff reporter | Published: 30 July 2017

MINING & RETAIL

Sabi targets 25kg monthly gold output

ONE of the biggest gold mines in the Midlands Province, Sabi Gold Mine has set targets to produce an average of 25 kilogrammes of gold per month with effect from September with management expecting to...

By Staff reporter | Published: 30 July 2017

FINANCIAL SERVICES

Banks freeze out ailing companies

THE Directors Protection Council of Zimbabwe (DPCZ) is fighting to save Bulawayo companies sinking in bank debts pleading with financial institutions to transfer their non-performing loans (NPLs) amou...

By Staff reporter | Published: 30 July 2017

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