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BUSINESS NEWS

NSSA land puzzle solved

Chegutu Municipality sold land to Dr Philip Chiyangwa's Gabroc Enterprises in 2001 which went on to sell the property to the National Social Security Authority (NSSA) two years later, documents show.T...

By Staff reporter | Published: 19 July 2017

FINANCIAL SERVICES

Econet in court over Ecosure premiums

Zimbabwe Development Party (ZDP) president, Kisinoti Munodei Mukwazhi has dragged global telecommunication giant Econet Wireless to the High Court seeking $500 000 in damages for loss of business due...

By Staff reporter | Published: 18 July 2017

POLITICS

Businessman seeks Minister Chombo's arrest

Mutare businessman Tendayi Blessing Mangwiro has once again approached the High Court seeking the arrest of Home Affairs Minister, Dr Ignatious Chombo over his non compliance with court orders.Mangwir...

By Staff reporter | Published: 18 July 2017

FINANCIAL SERVICES

Cash flood Zimbabwe streets

The public has raised concern over poor monitoring mechanisms by monetary authorities as cash is flooding streets instead of it being in financial institutions.Illegal cash dealers are experiencing a ...

By Staff reporter | Published: 18 July 2017

BUSINESS NEWS

Harare to issue $100m bond for city projects

HARARE City Council is planning to issue a $100 million bond to finance projects with a bias towards housing schemes as the local authority moves to reduce the national housing gap.Harare Mayor Counci...

By Staff reporter | Published: 18 July 2017

Business analyst

CLICK >>> HERE to APPLY3Job DescriptionProducing a brief analysis report on projects background for funding approval to ensure informed decision makingEvaluating reports to assess the viabili...

By CV | Published: 18 July 2017

LANDS & AGRICULTURE

RBZ unveils $50m export facility

Local financial institutions have been implored to assist indigenous tobacco players to access the $50 million export facility set aside by the Reserve Bank of Zimbabwe to boost production of forex ge...

By Staff reporter | Published: 18 July 2017

BUSINESS NEWS

Zimra sets $3.7 billion target

The government's tax collector, Zimbabwe Revenue Authority (ZIMRA) says Zimbabwe's revenue inflows are expected to reach a US$3.7 billion mark this year owing to an improved tax compliance monitoring ...

By Staff reporter | Published: 18 July 2017

Fitter: Hwange colliery company limited

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By Hwange | Published: 18 July 2017

Electrician: Hwange colliery company limited

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By Hwange | Published: 18 July 2017

TELECOMS & TECHNOLOGY

EOH share price plummet on corruption allegations

Technology group EOH's share price plummeted more than 12% at one point on the Johannesburg Stock Exchange on Tuesday as investors took fright at the resurfacing of corruption allegations involving a ...

By Staff reporter | Published: 18 July 2017

MINING & RETAIL

AECI expects 30% rise in earnings

South Africa's explosives and specialty chemicals group AECI advised its shareholders that it expects to report a 30% to 35% increase in its headline earnings per share (HEPS) for the six months ended...

By Staff reporter | Published: 18 July 2017

TELECOMS & TECHNOLOGY

Vodacom minorities vote in favour of Safaricom transaction

The proposed acquisition by Vodacom Group of an effective 35% stake in Safaricom, Kenya's leading integrated communications company, cleared an important hurdle today when Vodacom minority shareholder...

By Agencies | Published: 18 July 2017

MINING & RETAIL

Amplats to report R2.2 billion impairments

South Africa's Anglo American Platinum (Amplats) on Tuesday advised its shareholders to expect a sharp fall in earnings of between 67% and 45% for the six months to June 30.  Amplats will release...

By Staff reporter | Published: 18 July 2017

ZSE TODAY

Market Commentary 18 July 2017

INDUSTRIALSThe Industrial Index retreated by 0.65 points (0.33%) to close at 197.90 points. Losses were seen in the seed producer SEEDCO (SEED.zw) which dropped $0.0825 to close at $1.2525 and MEIKLE...

By zse | Published: 19 July 2017

LANDS & AGRICULTURE

Fires burn 120 tonnes of maize

An estimated 120 tonnes of maize has reportedly been burnt at Burnbank Farm near Mubaira.The incident was a result of a veld fire, according to farm owner Alderman Audrey Hativagone.She told reporters...

By Staff reporter | Published: 18 July 2017

FINANCIAL SERVICES

Govt increases online payment limits

Zimbabwe has increased the limit of the amount of money consumers can use in online payment platforms amid an explosion of online and mobile payment transactions."In line with the goal to encourage th...

By Staff reporter | Published: 18 July 2017

BUSINESS NEWS

Mobile money insured, says DPC

THE Deposit Protection Corporation says funds in mobile money transactions are covered under the country's regulations allaying fears on the market.In a question and answer session at a DPC workshop l...

By Staff reporter | Published: 18 July 2017

'Fake' Vacancy Adverts

It has come to our attention that some people in Zimbabwe are receiving Whats -App messages purportedly from the SADC Council of NGOs (SADCCNGO) informing them of vacancies /job opportunities within t...

By NANGO | Published: 18 July 2017

BUSINESS NEWS

Govt moves to scrap POS tax

Government is moving to scrap off a five percent tax presently being levied on Point of sale and electronic transactions, as efforts to promote the use of cash-lite payments are intensified, said Acti...

By Staff reporter | Published: 18 July 2017

BUSINESS NEWS

RBZ to inject more bond notes

Government is set to inject more bond notes into the system in what is likely to significantly ease the cash crisis with negotiations for a top-up of the initial $200 million facility now at an advanc...

By Staff reporter | Published: 18 July 2017

MINING & RETAIL

Retail shop in soup for not banking cash

TOP managers at DCK Supermarket's Gweru branch appeared in court yesterday charged with failing to bank their daily cash receipts in contravention of the Reserve Bank of Zimbabwe's (RBZ) Bank Use Prom...

By Staff reporter | Published: 18 July 2017

FINANCIAL SERVICES

Barclay's Zim sale subject to RBZ approval

THE board of Barclays Bank Zimbabwe (BBZ) says the sale of its local unit to First Merchant Bank of Malawi is subject to statutory regulation and approval by the Reserve Bank of Zimbabwe.In June, Bar...

By Staff reporter | Published: 18 July 2017

MINING & RETAIL

Choppies champions online shopping

CHOPPIES Zimbabwe has partnered with Variable Solutions to champion an innovative online shopping system that enables customers to order goods using the internet.The platform was developed by Kamelee...

By Staff reporter | Published: 18 July 2017

TRANSPORT & TOURISM

ZTA partners models to promote Zim tourism

THE Zimbabwe Tourism Authority (ZTA) has partnered with models whom they believe are the best tourism ambassadors to market the country's destinations locally and internationally.Last week, the touri...

By Staff reporter | Published: 18 July 2017

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