Impala Platinum (Implats)' Zimbabwean unit Zimplats has lost its High Court challenge of a $29,6 million additional profits tax (ATP) bill imposed by the country's revenue collector.Alex Mhembere, Zim...
By Staff reporter | Published: 07 June 2015
Royal Bank Zimbabwe Limited (Royal)'s directors could face prosecution after the defunct institution's creditors on Wednesday approved a plan to institute legal proceedings against the ex-board for ab...
By Staff reporter | Published: 07 June 2015
Zimbabwe is engaging Germany to settle a $739 million debt owed to the European country, a move meant to thaw frosty relations and pave way for Foreign Direct Investment (FDI).Finance minister Patrick...
By Staff reporter | Published: 07 June 2015
Jersey-listed Masawara Plc (Masawara) has fully-acquired TA Holdings Limited (TA) after minority shareholders yesterday accepted the investment company's $0,25 share buyout offer price, businessdaily ...
By Staff reporter | Published: 07 June 2015
Steward Bank has won a labour dispute against 11 of its workers, who were seeking a court order barring the financial institution from withholding their salaries and benefits pending retrenchment.Nisb...
By Staff reporter | Published: 07 June 2015
Zimbabwe's largest sugar producer Tongaat Hulett (Tongaat) says government must review the indigenisation policy and consider empowerment credits for business sustenance in favour of compulsory acquis...
By Staff reporter | Published: 07 June 2015
Foreign Direct Investment (FDI) in Zimbabwe declined from $400 million in 2013 to $372,6 million last year, as investors continue to shun the country amid a worsening economic crisis.According to the ...
By Staff reporter | Published: 07 June 2015
Shingai Mutasa's Masawara Plc (Masawara) has increased its offer to TA Holdings Limited (TA) minority shareholders by $0.05 to $0.25, as the investments group seeks to wholly takeover the latter.Recen...
By Staff reporter | Published: 07 June 2015
Zimbabwe's largest sugar producer Tongaat Hulett (Tongaat) says it is seeking $20 million from various financial institutions earmarked for the development of 4 000 hectares it was recently allocated ...
By Staff reporter | Published: 07 June 2015
Listed milk-processor Dairibord Holdings Limited (Dairibord) says it plans to invest $10 million in capital expenditure this year to boost operational efficiencies.Dairibord chief executive, Anthony M...
By Staff reporter | Published: 07 June 2015
The Zimbabwe Stock Exchange (ZSE) has challenged the $50 million lawsuit that was filed against the local bourse by diversified conglomerate Meikles Limited (Meikles), businessdaily has learnt.Alban C...
By Staff reporter | Published: 07 June 2015
The Zimbabwe Stock Exchange this week plunged to one if its lowest trades in six years with a paltry $53 576 worth of shares changing hands on Monday, as investors continue to shun the country's "dyin...
By Staff reporter | Published: 07 June 2015
Rio Tinto (Rio) and Russia's DTZ Ozgeo are yet to agree on Zimbabwe's mandatory merger of diamond firms, with the two seeking clarity on the proposal.This comes as a week ago, Mines minister Walter Ch...
By Staff reporter | Published: 07 June 2015
Zimbabwe plans to cancel independent power producers (IPPs) licences -with a capacity to generate 5 000 megawatts (MW) - including Essar Africa (Essar)'s.Gloria Magombo, the Zimbabwe Energy Regulatory...
By Staff reporter | Published: 07 June 2015
National airline Air Zimbabwe (Airzim) is seeking new partners as part of its turnaround strategies.Its acting-chief executive Edmund Makona told Parliament on Monday that the national flag carrier - ...
By Staff reporter | Published: 07 June 2015
Zimbabwe's annual inflation rate decreased by 0,12 percentage-points on the January rate of -1,28 percent to -1,40 percent in February, the Zimbabwe National Statistics Agency (Zimstats) said on Frida...
By Staff reporter | Published: 07 June 2015
Telecel International (TI) executives are in Zimbabwe to discuss the fate of its local unit following government threats to shut down the mobile operator.This also comes as two of Empowerment Corporat...
By Staff reporter | Published: 07 June 2015
Banking group ABC Holdings Limited (ABCH) has secured a $50 million multi-currency loan from the African Development Bank (AfDB) for on-lending to small-to-medium enterprises (SMEs).The loan, with a s...
By Staff reporter | Published: 07 June 2015
Lafarge Cement Zimbabwe Limited (Lafarge)'s short-term borrowings ballooned by 380 percent to $4,8 million in the year to December 2014 from $1 million in prior comparable period as the company battle...
By Staff reporter | Published: 07 June 2015
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says banks must not attach defaulting debtors' properties, but restructure bad debts instead.This comes on the back of a wave of property auctions...
By Staff reporter | Published: 07 June 2015
Zimbabwean products are expensive as "companies have failed to leave the Zimbabwe dollar mentality" of charging high prices, central bank governor John Mangudya said.He said the scenario has made loca...
By Staff reporter | Published: 07 June 2015
Broke Zimbabwe government is making paltry ‘token' payments of $150 000 monthly to the International Monetary Fund (IMF) to clear its $124 million debt, Finance minister Patrick Chinamasa has said.Z...
By Staff reporter | Published: 07 June 2015
Zimbabwe has been ranked among the most unattractive mining destinations, with the country lagging behind the Democratic Republic of Congo, Mozambique and South Africa, according to a latest survey by...
By Staff reporter | Published: 07 June 2015
Finance minister Patrick Chinamasa says Zimbabwe has come up with a strategy to settle its nearly $10 billion debt, with multilateral lenders being paid first as they are owed the most.The Treasury bo...
By Staff reporter | Published: 07 June 2015
The Infrastructure Development Bank of Zimbabwe (IDBZ) says it awaits finalisation of the Banking Act amendments before it can recapitalise in line with Reserve Bank of Zimbabwe requirements.This come...
By Staff reporter | Published: 07 June 2015
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
