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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

MINING & RETAIL

Aquarius engages Zimbabwe over platinum tax

Aquarius Platinum Limited (Aquarius) - a 50 percent shareholder in Zimbabwe's second-largest platinum producer, Mimosa Mining Company (Mimosa) - says it has engaged government over the recently-impose...

By Staff reporter | Published: 16 February 2015

ECONOMC INDICATORS

Zimbabwe inflation drops again

Zimbabwe's inflation has dropped to -1,28 percent with calls for the government to focus on price stability policies.Data released by the Zimbabwe National Statistics Agency (Zimstat) today shows that...

By Staff reporter | Published: 16 February 2015

MINING & RETAIL

Govt lifts ban on 5 gold mines

The government has lifted a ban on five out of 11 gold mines after complying with stipulated regulations.Information obtained from the Ministry of Mines and Mining Development shows that the lifting o...

By Staff reporter | Published: 16 February 2015

BUSINESS NEWS

EU extends $270 million to Zimbabwe

The European Union remains a crucial development partner to Zimbabwe which has contributed immensely towards poverty eradication and economic transformation of the country, a Cabinet Minister said on ...

By New Ziana | Published: 16 February 2015

INDUSTRIALS & ENERGY

Delta expects beer sales to remain flat

Beverage manufacturer Delta Corporation says it did not increase production of sorghum this year since it does not anticipate a substantial rise in beer sales mainly due to the economic challenges the...

By New Ziana | Published: 16 February 2015

ZSE TODAY

Meikles suspended from ZSE

The Zimbabwe Stock Exchange has suspended Meikles Limited from trading with effect from today.The bourse announced without immediately giving reasons for the suspension.However, sources have said the ...

By Staff reporter | Published: 16 February 2015

LANDS & AGRICULTURE

Tobacco sales to begin next month

The Tobacco Industry and Marketing Board (TIMB) says the 2015 marketing season will begin on March 4 this year at auction floors, while contract sales commence the following day.The tobacco marketing ...

By Staff reporter | Published: 16 February 2015

MINING & RETAIL

Low head grade negatively impacts Mwana Africa

Mwana Africa's Freda Rebecca recorded a 14 percent decline in production for the third quarter ending December 2014 as the average feed grade fell 16 percent below the second quarter.Although tonnes m...

By Staff reporter | Published: 16 February 2015

ZSE TODAY

Equities opens week higher

The equities market opened the week on a higher note in thin trading with the industrial index adding 0.66 points to close at 169.02 points.Delta and Zimplow were up a cent each at 116 cents and 7.50 ...

By Staff reporter | Published: 16 February 2015

FINANCIAL SERVICES

Zimbabwe licenses first Microfinance Bank

Zimbabwe's first ever microfinance bank (MFB) will soon open its doors to the public after it was licensed to operate by the Reserve Bank mid-last month, an official has said.The microfinance bank, na...

By New Ziana | Published: 16 February 2015

LATEST PUBLISHED REPORTS

ZBFH | Unaudited results for HY ended 30 Jun 14

Financial Highlights:- Total income: $ 26 857 963- Operating income: $ (2 072 266)- Loss before taxation: $ (1 466 031)- Income tax credit: $ 91 540- Loss for the period: $ (2 627 622)- Dividend: Nil-...

By ZBFH | Published: 29 August 2014

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