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BUSINESS NEWS

Zim secures $242m for next farming season

THE Government has secured $242 million from the European Union (EU) and the Food and Agriculture Organisation to support the agriculture sector in the 2017/18 farming season.According to the Common M...

By Staff reporter | Published: 27 July 2017

INDUSTRIALS & ENERGY

Power imports surge 260%

ZIMBABWE's electricity imports rose 260 percent last year as the power utility, Zesa Holdings, moved to avert shortages and cuts, which would have crippled business and industrial operations.Zimbabwe'...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

Govt sets targets for SEZ board

The Minister of Industry and Commerce, Dr Mike Bimha has implored the Special Economic Zones board to work hard in mobilising investment to the country, saying failures of the past should not be repe...

By Staff reporter | Published: 26 July 2017

INDUSTRIALS & ENERGY

Eskom threatens to switch off ZESA

South African power utility, Eskom has threatened to switch off ZESA Holdings by the end of this month if it fails to adhere to the agreed payment plan.The government through ZESA Holdings agreed to p...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Zimra, CVR synchronise vehicle data bases

The Zimbabwe Revenue Authority (ZIMRA) says the synchronisation of vehicle registration between ZIMRA and the Central Vehicle Registry  (CVR) is expected to curb rampant smuggling of vehicles.Th...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Investors target Zimbabwe diaspora community

Securities and investment firms are targeting to harness potential from the 4 million Zimbabwean diaspora community base to promote appetite towards capital market investments.Capital markets in Zimba...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Zim women make breakthrough in boards

The Institute of Directors Zimbabwe (IDZ) is recording progress on the initiative to promote a 50 percent women representation in company boards.The programme started last year to redress the skewed s...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Cash hoarding worsen liquidity challenges

The retail sector has raised concern over poor monitoring mechanisms by monetary authorities as some companies are not banking their cash for circulation purposes.As the cash crisis increases, the ret...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Mike Ndudzo appointed Auditor-General

Industrial Development Corporation General Manager Mr Mike Ndudzo has been appointed Auditor-General, taking over from Mrs Mildred Chiri who is stepping down following the expiry of her tenure.Mr Ndud...

By Staff reporter | Published: 27 July 2017

INDUSTRIALS & ENERGY

BAT Zimbabwe announce 27% jump in profit

Cigarette manufacturer, British American Tobacco Zimbabwe (BAT Zim) on Wednesday announced a 27 percent jump in after tax profit to $4,6 million for the half-year ended June 2017.The jump in profit, d...

By Staff reporter | Published: 26 July 2017

EDUCATION

Zimbabwean scientists unravel El Nino origins

A new study by two Zimbabwean climate science experts could make it possible to predict El Nino Southern Oscillation (ENSO) ENSO several months before its occurrence.Climate experts say ENSO is one of...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Zimbabwe urged to remove US$-Bond Note parity

Monetary authorities should let the market determine the true value of the bond note currency to curb its externalization and in turn reduce cash shortages, a leading economist has said.Zimbabwe intro...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Net closing in on Zimbabwe tax evaders

The Government is working round the clock to catch tax evaders including land barons, Finance and Economic Development Minister Patrick Chinamasa has said.Speaking at the handover of residential stand...

By Staff reporter | Published: 26 July 2017

LANDS & AGRICULTURE

Hippo Valley stock pumps 141% since January

In a 2015 investors report, Pan-African stock analysts Imara Edwards Securities projected that Zimbabwe Stock Exchange-listed sugar processor Hippo Valley Estates Limited's share price was significant...

By Staff reporter | Published: 26 July 2017

AFRICA

Rand remains near R13/$

The rand oscillated around the 13 to the dollar mark on Wednesday morning, reflecting generally subdued price action across the currency markets.The dollar was in a relatively stable range, after fall...

By BusinessLive | Published: 26 July 2017

CONSTRUCTION & PROPERTY

Govt urged recapitalise engineering sector

The government has been advised to recapitalise the engineering sector and effectively utilise its broad-based skills to harness revenue for the potential growth of the industry.Lack of investment and...

By Staff reporter | Published: 26 July 2017

TRANSPORT & TOURISM

New Zupco board announced

The government has appointed a new board at the Zimbabwe United Passenger Company (ZUPCO) tasked with the mandate to restore the viability of the parastatal into a vibrant and competitive entity.The p...

By Staff reporter | Published: 26 July 2017

ZSE TODAY

Market Commentary 26 July 2017

INDUSTRIALSThe Industrial Index rebounded 1.06 points (0.53%) to settle at 201.21 points. BRITISH AMERICAN TOBACCO (BAT.zw) led the movers with a $0.0500 increase to close at $18.0500, SEEDCO (SEED.zw...

By zse | Published: 26 July 2017

LATEST PUBLISHED REPORTS

BAT.zw | Unaudited Financial Results HY17

Financial Highlights:– Revenue $16 698 000– Profit before income tax $ 6 520 000– Operating profit $ 6 520 000– Profit for the period $ 4 617 000– Basic earnings per share (US$) 0.22– Dilu...

By BAT | Published: 26 July 2017

BUSINESS NEWS

Zimra closes in on churches

The Zimbabwe Revenue Authority (Zimra) says it is looking into the country's churches with the view of establishing clearer taxing boundaries, amid indications most pastors are failing to remit all th...

By Staff reporter | Published: 26 July 2017

LANDS & AGRICULTURE

Zim govt cranks up CSC revival

AFTER years of going back and forth on Cold Storage Company (CSC)'s revival, government believes it has finally found that missing link which could do the trick - Command Livestock.Command Livestock i...

By Staff reporter | Published: 26 July 2017

EUROPE

UK to ban new diesel and petrol vehicles

New diesel and petrol cars and vans will be banned in the UK from 2040 in a bid to tackle air pollution, the government is set to announce.Ministers will also unveil a £255m fund to help councils tac...

By BBC | Published: 26 July 2017

POLITICS

Mugabe here to stay, says Sekeramayi

A few days after President Robert Mugabe railed at top guns in his party who are jostling to succeed him, Defence minister Sydney Sekeramayi has weighed in, saying there was no vacancy at State House....

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

'150% duty for second-hand vehicles into Zim'

SPEAKER of the National Assembly Jacob Mudenda wants the Zimbabwe Revenue Authority (Zimra) to charge 150% in customs duty on second-hand vehicles, claiming Zimbabwe has become Japan's largest warehou...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

'Zim parastatal boards lack quality'

Finance minister Patrick Chinamasa has conceded there is lack of quality in parastatal boards, saying Cabinet has committed to rectifying this issue after gazetting the Public Entities Corporate Gover...

By Staff reporter | Published: 26 July 2017

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