Latest News

TRANSPORT & TOURISM

NRZ discovers new niche market

THE National Railways of Zimbabwe (NRZ) says it has discovered a new niche market in chartered steam locomotives, which have proved to be a hit among foreign tourists and a revenue source.NRZ spokespe...

By Staff reporter | Published: 28 July 2017

FINANCIAL SERVICES

Mobile, plastic accounts for 80% of retail transactions

The Confederation of Zimbabwe Retailers (CZR) says the use of mobile and plastic money has risen to account for 80 percent of transactions in the retail sector.Addressing delegates at the 'Cash challe...

By Staff reporter | Published: 27 July 2017

MINING & RETAIL

Zimbabwe based junior miner to list on NYSE

Canadian junior miner Caledonia Mining Corporation says it has received approval for the listing of its common shares on the New York Stock Exchange (NYSE).The listing should accrue benefits for the ...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

Zimbabwe, South Africa to meet over imports ban

Industry and Commerce Ministry officials will meet their South African counterparts as part of the ongoing dialogue over the importation of goods from the neighboring country.The ministerial meetings ...

By Staff reporetr | Published: 27 July 2017

EDUCATION

Zim education loan facility fund on the cards

All those who graduated from public institutions starting with the University of Zimbabwe from 1980 to 2006 and received government grants would be required to pay US$1000 that will go towards a revol...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

Zim crisis deepens as cash deposits dwindle

COMMERCIAL banks held just $65 million physical cash foreign currency, bond notes and coins at the end of May, central bank data shows, highlighting a mounting cash crisis that has wracked the economy...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

NocZim defaults on debt despite levying motorists

ZIMBABWE has defaulted on the National Oil Company (NocZim) debt, incurring nearly $90 million in penalties last year, despite raising an average $40 million annually through a fuel levy introduced to...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

Zimbabwe's Auditor General fired

PRESIDENT Robert Mugabe has sacked Auditor General, Mildred Chiri, more than two years before the expiry of her contract signed in 2013, The Financial Gazette reported.Although Chiri has been in her ...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

Western billions flow into Mugabe's Zimbabwe

ZIMBABWE has received over $3 billion in aid from Western governments since 2012, official data shows, despite a two-decade-long diplomatic fall out and sanctions targeted at President Robert Mugabe a...

By Staff reporter | Published: 27 July 2017

ZSE TODAY

Market Commentary 27 July 2017

INDUSTRIALSThe Industrial Index inched up 0.01 points (0.005%) to close at 201.22 points. TSL LIMITED (TSL.zw) went up by $0.0085 to trade at $0.2410, ECONET (ECO.zw) added $0.0020 to end at $0.3810 w...

By zse | Published: 27 July 2017

MINING & RETAIL

ZMDC gold mine fend off debtors

JENA Gold Mines, owned by the State's Zimbabwe Mining Development Corporation (ZMDC), got a reprieve from debtors when the High Court ordered a creditors' meeting to consider a moratorium on claims.Je...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

Harare building inspection fees up 100%

THE Harare City Council (HCC) has hiked residential and commercial building inspection fees by 100 percent.City fathers said the increase in charges was needed to cover administrative costs of inspect...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

'Biogas projects will address councils' waste challenges'

Energy and Power Development minister Samuel Undenge yesterday urged all urban municipalities to adopt and develop biogas projects.Speaking during a tour of the Mbare biogas project, Undenge said the ...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

Mine Entra urges organisers to reduce exhibiting charges

EXHIBITORS at the just-ended Mining, Engineering and Transport (Mine Entra) expo have called on organisers of the event to reduce exhibiting charges to avoid chasing away potential exhibitors.Running ...

By Staff reporter | Published: 27 July 2017

ZIMBABWE

Bond notes to account for 50% of money in circulation

BOND notes are likely to end up accounting for 50% of the money in circulation by year-end given their current dominance in a both the formal and informal markets, a local economist has said.Ashok Cha...

By Staff reporter | Published: 27 July 2017

FINANCIAL SERVICES

Treasury Bills, loans give RBZ governor headache

RESERVE Bank of Zimbabwe (RBZ) governor says he is worried about the creation of money through the issuance of Treasury Bills and loans which is causing a mismatch between local RTGS balances and nost...

By Staff reporter | Published: 27 July 2017

POLITICS

Mphoko named in forex scandal

Vice President Phelekezela Mphoko has been sucked into a dispute between Bulk Cash and Carry Wholesale (BCCW) and one of its employees who has made a report to the police, accusing the company of exte...

By Staff reporter | Published: 27 July 2017

MINING & RETAIL

ZMDC appoints new general manager

THE Zimbabwe Mining Development Corporation has appointed Demand Gwatinetsa as the general manager who is expected to spearhead the turnaround of the group.ZMDC is a mining entity with a statutory man...

By Staff reporter | Published: 27 July 2017

TELECOMS & TECHNOLOGY

TelOne introduces 'Alert Me' service

TelOne has introduced "Alert Me" service for all their broadband customers, where customers will now be able to receive updates on their data balance and get reminders for recharging.This is part of t...

By Staff reporter | Published: 27 July 2017

CONSTRUCTION & PROPERTY

UK firm to invest in Zimbabwe

A UNITED Kingdom construction company has set its eyes on setting up business in Zimbabwe saying the country is a good investment destination.Parry Building Products Limited also seeks to engage the G...

By Staff reporter | Published: 27 July 2017

TELECOMS & TECHNOLOGY

DStv quashes Zimbabwe exit rumours

MULTI-Choice Zimbabwe has assured its subscribers that its digital satellite TV (DStv) will not be suspended contrary to rumours circulating that the Sub-Saharan Africa pay TV will soon stop operating...

By Staff reporter | Published: 27 July 2017

MINING & RETAIL

KFC gets ready for new Zimbabwe outlet opening

INTERNATIONAL fast food chain Kentucky Fried Chicken (KFC) is putting final touches on its Bradfield Bulawayo outlet ahead of opening slated for next month.KFC Bulawayo will be the fifth branch of th...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

Zimra to swoop on land barons

FINANCE minister Patrick Chinamasa has warned that the Zimbabwe Revenue Authority (Zimra) will soon swoop on land barons and launch lifestyle audits on them, even though they are using their membershi...

By Staff reporter | Published: 27 July 2017

LANDS & AGRICULTURE

Zim maize production up 286% from a low base

The 2016/17 agricultural season registered a 280 percent increase in average household maize production from the previous year, the latest Zimbabwe Vulnerability Assessment Committee (ZimVAC) report r...

By Staff reporter | Published: 27 July 2017

FINANCIAL SERVICES

Stanbic Bank pours $273m into tobacco farming

STANBIC Bank Zimbabwe says it has channelled $273.2 million towards financing the tobacco industry this year.The bank's head of corporate and investment banking, Mr Rhett Groves, said yesterday the su...

By Staff reporter | Published: 27 July 2017

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