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ZIMBABWE

ZSE demutualisation exercise done

THE Zimbabwe Stock Exchange (ZSE) has effectively completed its demutualisation exercise after it held its first meeting as a private company last Friday. However, it reported a US$1,1 million loss fo...

By Staff reporter | Published: 12 July 2016

MINING & RETAIL

Chihota takes control of RioZim operations

RioZim Ltd chairman Lovemore Chihota has taken over the day-to-day management of the mining group amid indications he now has an office and works closely with external managers, the Zimbabwe Independe...

By Staff reporter | Published: 12 July 2016

BUSINESS NEWS

Financial meltdown looms

ZIMBABWE'S economy is edging towards the precipice amid growing fears of a looming financial crisis as banks currency holdings continue to dwindle and cash shortages worsens.Financial executives and e...

By Staff reporter | Published: 12 July 2016

BUSINESS NEWS

Australia, Zimbabwe business council launched

THE Australia-Zimbabwe Business Council (AZBC) was launched on February 23 in Wollongong, Sydney, Australia, to strengthen bilateral trade and foster business relations and investment between the two ...

By Staff reporter | Published: 24 June 2015

MINING & RETAIL

Zim miners deny evading taxes

Zimbabwe mining companies say they are not evading taxes but distribute their earnings legitimately among various stakeholders in line with the country's laws.Isaac Kwesu, the Zimbabwe Chamber of Mine...

By Staff reporter | Published: 24 June 2015

INDUSTRIALS & ENERGY

Innscor unbundling forges ahead

Innscor Africa Limited (Innscor) has tasked its executive director for corporate finance, John Koumides, to lead an advisory committee implementing the separate listing of the group's fast-food busine...

By Staff reporter | Published: 24 June 2015

ZSE TODAY

ZSE in sixth consecutive loss

Equities recorded their sixth consecutive loss after the industrial index lost 0.47 (or 0,31 percent) to close at 150.08 in today's trades.Delta was a cent lower at 101 cents, CFI eased 0,49 cents to ...

By Staff reporter | Published: 24 June 2015

LANDS & AGRICULTURE

CSC tannery improves operations

Meat processor Cold Storage Company says it has registered an increase in hides processed at its tannery following the imposition of an export levy on raw hides by Government.Government introduced a 7...

By Staff reporter | Published: 24 June 2015

INDUSTRIALS & ENERGY

General Belting's turnover up 47%

Listed conveyor belts maker General Beltings has recorded a 47 percent upturn in turnover for the first five month of the year, on the back of a Government initiative last year to protect a number of ...

By Tawanda Musarurwa | Published: 24 June 2015

BUSINESS NEWS

Kadenge is new ICSAZ president

The Institute of Chartered Secretaries and Administrators in Zimbabwe has elected Mr Lovemore Kadenge as its new president, Bulawayo24.com reported.Mr Kadenge, who was vice-president of the institute ...

By Byo24News | Published: 24 June 2015

MINING & RETAIL

'Renewed interest in Zimbabwe's chrome sector'

There is renewed interest by investors in the chrome sector following the lifting of a ban on unprocessed ore exports, a cabinet minister has said.Government two weeks ago reversed a four-year chrome ...

By New Ziana | Published: 24 June 2015

INDUSTRIALS & ENERGY

Innscor's bread sales improve

Innscor Africa Limited's bread making subsidiary, Baker's Inn, has recorded a 36 percent increase in sales volumes to 340 000 driven by price reductions.Chief executive Mr Toni Fourie said the jump in...

By Staff reporter | Published: 24 June 2015

TELECOMS & TECHNOLOGY

Econet launches mobile extension service

Mobile telecommunications firm Econet Wireless last Friday launched a service that allows farmers to access extension services from experts through the phone.Dubbed "Dial-a-Mudhumeni", the service has...

By New Ziana | Published: 24 June 2015

MINING & RETAIL

4 firms bid for Hwange Colliery coke oven facelift

HWANGE Colliery Company Ltd has received bids from four companies interested in rebuilding its coke oven battery as it moves to increase regional exports.The battery, which converts coking coal into ...

By Martin Kadzere | Published: 24 June 2015

LANDS & AGRICULTURE

Govt orders CSC forensic audit

Government has ordered a forensic audit of State-owned meat processor Cold Storage Company's (CSC) operations before approving an $80 million injection from a Botswana investor.CSC used to play a lea...

By Tinashe Makichi | Published: 24 June 2015

POLITICS

Zimbabwe owes diplomats about R122m in salary arrears

The cash-strapped Zimbabwe government is battling to pay salaries on time to diplomatic staff deployed to its 43 embassies across the world, a senior official said Tuesday.Willard Manungo, secretary f...

By AFP | Published: 23 June 2015

AFRICA NEWS

South Africa 'must get out of ICC'

The International Criminal Court "is dangerous" and South Africa should withdraw from it, ANC secretary-general Gwede Mantashe said yesterday.Mantashe was defending the government's decision not to ar...

By Reuters | Published: 23 June 2015

ZSE TODAY

Heavyweights keep equities market down

The equities market extended losses on the back losses in a number of heavyweight counters led by beverages giant Delta.The industrial index retreated 1.30 (or 0,86 percent) to settle at 150.55 after ...

By Staff reporter | Published: 23 June 2015

AFRICA BUSINESS

Amplats job cuts on cards in mine shake up

JOHANNESBURG - The world's No. 1 platinum producer Anglo American Platinum plans to overhaul a number of its South African mines to make them more profitable in the face of depressed prices.Amplats, r...

By Reuters | Published: 23 June 2015

LANDS & AGRICULTURE

CSC seeks approval for strategic partner

Meat processor Cold Storage Company says it has secured an investor willing to inject $80 million into the company but Government is yet to approve its turnaround strategy which paves the way for the ...

By Rumbidzayi Zinyuke | Published: 23 June 2015

BUSINESS NEWS

'Cement' batteries, disguised palm oil entering Zim's borders

Automotive batteries filled with cement or broken glass and palm oil disguised as soya-bean oil are some of the shoddy imports making their way through the country's porous borders, in contravention o...

By Tawanda Musarurwa | Published: 23 June 2015

TRANSPORT & TOURISM

Victoria Falls airport runway near completion

The Civil Aviation Authority of Zimbabwe (CAAZ) will be conducting test flights at the beginning of August to ascertain if the new Victoria Fall Airport runway meets international aviation standards.T...

By Staff reporter | Published: 23 June 2015

POLITICS

Joseph Chinotimba accused of fraud

ZANU-PF Buhera South National Assembly representative Joseph Chinotimba is up in arms with the Zimbabwe Urban and Rural Council Workers' Union who accuse him of siphoning funds from the labour body wh...

By Abigail Mawonde | Published: 23 June 2015

MINING & RETAIL

Zim not going back on diamond merger

Government will proceed with plans to consolidate diamond mining operations in the country despite facing resistance from certain diamond mining companies who up to now are still to make a decision o...

By Tinashe Makichi | Published: 23 June 2015

FINANCIAL SERVICES

Zimbabwe banking sector profits decline

The Reserve Bank of Zimbabwe says the banking sector's capitalisation though largely in compliance with minimum capital requirements, remains under threat from losses being recorded by a few banking i...

By Staff reporter | Published: 23 June 2015

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