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ZSE TODAY

ZSE equities market retreat

The equities market shed yesterday's gains to retreat slightly in today's trades.The Industrial index was down 0.29 points to close at 168.73 points. The cement maker PPC lost 10 cents to trade at 190...

By Staff reporter | Published: 17 February 2015

BUSINESS NEWS

SMEs 'brave sector' that requires strategic support

The Zimbabwe Association of Microfinance Institutions (Zamfi) says small and medium scale enterprises (SMEs) require strategic guidance and financial support to be able to play a bigger and effective ...

By New Ziana | Published: 17 February 2015

BUSINESS NEWS

Zimbabwe moves to repay EIB loan

Government has started paying back loans it acquired from the European Investment Bank (EIB) as it moves to restore ties with the institution, a cabinet Minister said on Monday.The EIB suspended lendi...

By New Ziana | Published: 17 February 2015

MINING & RETAIL

RioZim forecasts further losses in FY14

RioZim Limited says it expects to report a bigger loss for the full year to December due to lower tonnage at its Renco Mine combined with the low gold prices in the fourth quarter of last year.In a st...

By Staff reporter | Published: 17 February 2015

LANDS & AGRICULTURE

Tobacco exports exceed $190 million

Zimbabwe's tobacco exports for the period 1 January to 13 February 2015 reached $193,8 million up from only $36,4 million recorded during the same time last year.According to figures from the Tobacco ...

By Staff reporter | Published: 17 February 2015

FINANCIAL SERVICES

Bank interest rates decline

Lending rates at commercial banks for individuals and corporate clients declined from 14.16 percent to 14.08 percent and 9.66 percent to 9.47 percent respectively.Weighted lending rates at merchant ba...

By Rumbidzayi Zinyuke | Published: 17 February 2015

TELECOMS & TECHNOLOGY

Econet Zimbabwe plans overlay services

Econet Wireless says it will focus on developing value added services (VAS) in 2015 to capitalise on the network infrastructure it has invested in over the years. CEO Douglas Mboweni said the company,...

By Staff reporter | Published: 17 February 2015

MINING & RETAIL

Imara Stockbrokers downgrades Bindura

Bindura Nickel Corporation released a subdued set of numbers for their Q3 trading update, as nickel concentrate production declined by 30% from 1,989 tonnes in Q2 to 1,383 tonnes. This was on the bac...

By Staff reporter | Published: 17 February 2015

EUROPE

UK watchdog to tackle HSBC on standards

HSBC is facing searching questions from regulators over the quality of its internal checks and culture after the Financial Conduct Authority said it was looking into recent revelations that its Swiss ...

By FT | Published: 17 February 2015

EUROPE

UK watchdog to tackle HSBC on standards

HSBC is facing searching questions from regulators over the quality of its internal checks and culture after the Financial Conduct Authority said it was looking into recent revelations that its Swiss ...

By FT | Published: 17 February 2015

EUROPE

Gold rally extends to 4th day as Greek talks break down

Gold extended gains to a fourth straight session on Tuesday, underpinned by safe-haven bids after talks between Greece and its creditors broke down. Spot gold rose 0.1 percent to $1,232.50 an ounce by...

By Reuters | Published: 17 February 2015

ASIA PACIFIC

Oil prices rise further but analysts expect downward correction

Oil markets opened stronger on Tuesday, continuing a rally that has seen Brent crude futures soar 8 percent since mid-January, yet analysts are increasingly saying that price rises have been overblown...

By Reuters | Published: 17 February 2015

FINANCIAL SERVICES

Zimbabwe banks adopt new code of practice

The Bankers Association of Zimbabwe has adopted a new code of banking practice which all members of the association will be obligated to comply with in a move aimed at fostering customer confidence in...

By herald | Published: 17 February 2015

INDUSTRIALS & ENERGY

Delta Beverages in $8m PET plant upgrade

Delta Beverages has moved to address its cost inefficiencies by relocating the PET plant with new additions to the main factory at Graniteside. The move will result in a 31 percent reduction in manufa...

By Business reporter | Published: 17 February 2015

INDUSTRIALS & ENERGY

Bata employees win wage increment case

Bata Shoe Company employees yesterday left the Supreme Court on cloud nine after their employer's appeal against an order to award a wage increase was thrown out by the judges of appeal. The court, co...

By newsday | Published: 17 February 2015

BUSINESS NEWS

Threat of a catastrophic flood hangs over the Zambezi

ENGINEERS have started on a R3.3bn rescue marathon to prevent the "catastrophic failure" of the Kariba Dam. According to a World Bank special report on the beleaguered structure - one of the biggest m...

By Tom Nevin | Published: 17 February 2015

BUSINESS NEWS

Four-step plan to revive Bulawayo industries

INDUSTRIALISTS in Bulawayo have identified four strategic intervention areas that require urgent government attention and financing to guarantee the successful revival of industries and job creation.O...

By Prosper Ndlovu | Published: 17 February 2015

BUSINESS NEWS

ZIA approves $1.14bn projects

THE Zimbabwe Investment Authority (ZIA) approved investment projects worth $1.14 billion in 2014, a 66.6 percent increase from $685.9 million worth of projects approved in 2013.ZIA chairman Nigel Chan...

By Charity Ruzvidzo | Published: 17 February 2015

FINANCIAL SERVICES

Former ZB Financial Holdings CEO dies

TOP banker, Elisha Nyikadzino Mushayakarara has died.He was born on 8 April 1943.  A BSc (Econ) graduate from (London) University College of Rhodesia & Nyasaland. Mushayakarara left his post...

By Staff reporter | Published: 16 February 2015

AFRICA

SA stocks up on Greece hopes

Johannesburg -SA stocks edged up on Monday after scaling fresh record peaks earlier, tracking global shares which hit five-months highs, with Woolworths extending its rally spurred by solid earnings.W...

By news24 | Published: 16 February 2015

OPINION

Make the most of that qualification!

Education doesn't come cheap! For education to prove an investment, one needs to have a clear vision of what one wants to gain out of it. And it will prove to be as useful as you want to make it.A pie...

By Regenesys | Published: 16 February 2015

BUSINESS NEWS

RBZ relaxes foreign remittances controls

The Reserve Bank of Zimbabwe (RBZ) is set to introduce relaxed controls on international remittances by April this year, as part of its measures to boost inflows and ease liquidity constraints.John Ma...

By Staff reporter | Published: 16 February 2015

TELECOMS & TECHNOLOGY

Telecel, is technically insolvent

Zimbabwe's third largest telecommunications company, Telecel, is "technically insolvent" and needs about $300 million to stay afloat, businessdaily has learnt.This is at least according to information...

By Staff reporter | Published: 16 February 2015

BUSINESS NEWS

RBZ urges banks to lower charges

The Reserve Bank of Zimbabwe (RBZ) has implored financial institutions to lower bank charges and peg new accounts opening at $5 as a way of promoting financial inclusion in the country.John Mangudya, ...

By Staff reporter | Published: 16 February 2015

TRANSPORT & TOURISM

Air Zimbabwe commercialises technical services

Air Zimbabwe (AirZim) has commercialised its technical and engineering services as part of measures to broaden revenue streams.The airline, which advertised the services recently, is targeting the tra...

By Staff reporter | Published: 16 February 2015

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