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INDUSTRIALS & ENERGY

Delta Beverages closes Victoria Falls depot

DELTA Beverages, the country's largest beverages manufacturer is closing its Victoria Falls depot, as part of a rationalisation exercise, the company has confirmed.Delta corporate affairs director, Al...

By Staff reporter | Published: 26 July 2017

MINING & RETAIL

Zim explores for gemstones in Karoi

GOVERNMENT has dispatched a technical team to Karoi in Mashonaland West to explore gemstones, a Minerals Marketing Corporation of Zimbabwe (MMCZ) official has revealed."I want to touch briefly on the ...

By Staff reporter | Published: 26 July 2017

INDUSTRIALS & ENERGY

Bakers Inn to open $2m factory in Bulawayo

Simbisa Brands' bakery unit, Bakers Inn, says it has invested about $2 million in a new factory in the country's second largest city - Bulawayo - as it moves to drive its 450 000 loaves per day output...

By Staff reporter | Published: 26 July 2017

MINING & RETAIL

Zimasco making way to the top

THE Zimbabwe Mining and Smelting Company, once the largest ferrochrome producer in the country and a force to reckon with in Africa, is slowly making its way up to the top again, rising from a debt ov...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Bill to curb corruption at Zim parastatals

A BILL that will curb corruption at State enterprises and parastatals (SEPs) and hefty salaries of chief executive officers is now before Parliament.Clerk of Parliament Kennedy Chokuda on Monday invit...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Gwanda businesspeople seek partnership

A GROUP of businesspersons has championed an initiative to engage potential local and foreign partners in harnessing investment for Gwanda Town.Operating under the Gwanda Investment and Economic Devel...

By Staff reporter | Published: 26 July 2017

MINING & RETAIL

Chrome exports generate $22.6m

ZIMBABWE has generated about $22.6 million from 153 000 tonnes of chrome ore exported through toll arrangement since last year, an official has said.Speaking during a small-scale miners' conference in...

By Staff reporter | Published: 26 July 2017

INDUSTRIALS & ENERGY

Bata to increase Pata Pata, Sandak production

THE country's biggest shoe manufacturer, Bata Shoe Company, plans to increase production of its Pata Pata and Sandak brands in response to increasing market demand.Bata last year sold about 1,2 millio...

By Staff reporter | Published: 26 July 2017

TRADE & INDUSTRY

Petra Schools fall on hard times

PRIVATE schools in the country are facing hard times with some of them coming up with drastic measures to save their institutions from collapse due to financial challenges.Petra Schools Trust in Bulaw...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Moves to enhance Zim's industry

INDUSTRY and Commerce Minister, Dr Mike Bimha, has appointed the inaugural National Competitiveness Commission board, which is expected to come up with strategies to improve local industry competivene...

By Staff reporter | Published: 26 July 2017

LANDS & AGRICULTURE

Wattle Company employees down tools

OVER 100 Wattle Company employees last week downed tools and footed a 40km journey from the company's timber estate in Vumba to its headquarters in Mutare in protest over non-payment of their salaries...

By Staff reporter | Published: 26 July 2017

OPINION

Understanding financial innovation

Financial innovation can be defined as the act of creating and then popularising new financial instruments.This implies advances over time in the financial instruments and payment systems used in the ...

By Sanderson Abel | Published: 26 July 2017

TRANSPORT & TOURISM

Govt reverses backdated tourism VAT

Finance and Economic Development Minister Patrick Chinamasa has waived the backdated Value Added Tax (VAT) accruing on food and beverages offered by the tourism industry as part of packaged accommodat...

By Staff reporter | Published: 26 July 2017

POLITICS

Chombo fights 'imminent' arrest

HOME Affairs Minister Ignatius Chombo says his arrest and civil imprisonment for defying court orders was now imminent and has instructed his lawyers to file an urgent application to stop the Sheriff ...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Housing scheme divides civil servants' unions

THE government's recent offer to provide housing units for its employees has left civil servants' unions sharply divided, with the Progressive Teachers' Union of Zimbabwe (PTUZ) rubbishing the scheme ...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Zim govt finally pays bonuses

GOVERNMENT has paid the last tranche of civil servants' 2016 bonuses four months before the end of another year, when it is expected to honour the same obligation.President Robert Mugabe's administrat...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

New committee to spearhead Udcorp

THE Urban Development Corporation (Udcorp) board has set up a committee to spearhead its transformation, as it seeks to place itself as the leader in the provision of low-income houses after receiving...

By Staff reporter | Published: 26 July 2017

POLITICS

'Bigwigs extort protection fees from white farmers'

ZANU-PF youth in Manicaland province have accused ruling party bigwigs of receiving 10% of farm produce sold by white commercial farmers in the area as protection fee.Speaking at an inter-district mee...

By Staff reporter | Published: 26 July 2017

TRANSPORT & TOURISM

Air Zimbabwe, CAAZ in departure fees deal

The national flag carrier Air Zimbabwe and the Civil Aviation Authority of Zimbabwe's fight over passenger service fees is set to be a thing of the past with the two entities agreeing on the setting u...

By Staff reporter | Published: 25 July 2017

MINING & RETAIL

'NRZ must pursue SA mineral claims'

National Railways of Zimbabwe (NRZ) board and management must actively pursue the mineral claims in South Africa as they could provide an important source of leverage in sourcing funding, Parliament h...

By Staff reporter | Published: 25 July 2017

ZSE TODAY

Market Commentary 25 July 2017

INDUSTRIALSThe Industrial Index retreated 0.31 points (0.15%) to close at 200.15 points. BARCLAYS (BARC.zw) shed $0.0065 to trade at $0.0360, FIDELITY LIFE (FIDL.zw) eased $0.0025 to end at $0.1375 wh...

By zse | Published: 25 July 2017

INDUSTRIALS & ENERGY

BAT completes acquisition of Reynolds

British American Tobacco said it is pleased to announce today the completion of the acquisition of the remaining 57.8% of Reynolds American the Company did not already own.The acquisition creates a st...

By Ngoni Shenjere | Published: 25 July 2017

AFRICA NEWS

Zuma, Gupta to testify at Eskom inquiry

Thursday August 17 is D-day for Duduzane Zuma and Ajay Gupta, who are due to testify at the parliamentary inquiry into Eskom.The inquest into the state of affairs at the power utility officially start...

By Staff reporter | Published: 25 July 2017

EDUCATION

UZ Research Week begins

The University of Zimbabwe (UZ) has opened its doors for the inaugural Research Week, which began this Monday to the 30th of July, where students and their staff are showcasing their scope of work and...

By Staff reporter | Published: 25 July 2017

INDUSTRIALS & ENERGY

Zim to become regional power hub by 2021

With an aim to become a regional power distribution hub by 2021, Zimbabwe has announced that it will construct a 1,000km regional power line in 2018 in partnership with stakeholders from Mozambique a...

By Staff reporter | Published: 25 July 2017

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