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BUSINESS NEWS

CZI congress roars into life

The Confederation of Zimbabwe Industries congress roars into life today in Mutare with several manufacturing company executives expected to congregate for brainstorming on the future of industry. The ...

By Conrad Mwanawashe | Published: 30 July 2014

ZSE TODAY

ZSE in marginal increases

The equities markets let up slightly on its negative run adding on 0,42 percent as several heavy weight counters experienced gains.The industrial index was up 0.77 points to close trade at 184.37 poin...

By Staff reporter | Published: 29 July 2014

BUSINESS NEWS

Zim street vendors to pay $1 a day State levy

It has been reported that the Zimbabwe government is planning to step up its revenue collection efforts with a crackdown on all informal traders.According to TechZim, this blitz will also rope in the ...

By TechZim | Published: 29 July 2014

MINING & RETAIL

Mwana Africa to sustain Zim operations

London Stock Exchange listed mining giant Mwana Africa PLC says it will continue operating in Zimbabwe despite unfriendly operating environment for businesses."The single biggest challenge to operate ...

By Ventures Africa | Published: 29 July 2014

MINING & RETAIL

$100m loan facility for small-scale miners

The government has secured a $100 million credit facility from a Chinese company to support small scale miners, Mines and Mining Development minister Walter Chidhakwa said last week.In a speech read o...

By Staff reporter | Published: 29 July 2014

INDUSTRIALS & ENERGY

Declining consumption hits OK sales

OK Zimbabwe net sales for the quarter ending June 30 2014 declined by 3,5% attributed to declining consumption and falling product prices.In a statement by OK Zimbabwe last week, OK Zimbabwe chief exe...

By Staff reporter | Published: 29 July 2014

INDUSTRIALS & ENERGY

Zera adopts new tariff methodology

THE Zimbabwe Energy Regulatory Authority (Zera) has adopted a new tariff determination methodology aimed at attracting new investors into the country's struggling power generation industry.Zimbabwe is...

By Staff reporter | Published: 29 July 2014

INDUSTRIALS & ENERGY

Sales decline spur Pelhams $3,3m losses

LOSSES of retail household furniture and appliance concern Pelhams Limited widened to $3,3 million for the year ended March 31 2014 due to a sales decline, attributed to liquidity constraints.In the s...

By Staff reporter | Published: 29 July 2014

BUSINESS NEWS

Egodini shopping complex deal to be finalised

LAWYERS representing Bulawayo Council and a South African contractor are meeting to finalise the $60 million deal to upgrade the Basch Street Terminus into a state-of-the-art shopping complex and regi...

By Patrick Chitumba | Published: 29 July 2014

INDUSTRIALS & ENERGY

Innscor pours $1,5m into southern region expansion

INNSCOR'S fast foods division will in the next 12 months spend more than $1,5 million on expanding its operations in the southern region, a development expected to boost employment levels.The division...

By Oliver Kazunga | Published: 29 July 2014

BUSINESS NEWS

Chinamasa, Chidhakwa in Russia to court investors

Finance and Economic Development Minister Patrick Chinamasa and Mines and Mining Development Minister Walter Chidhakwa are in Moscow to court investors for  the mining sector.The visit is in resp...

By Staff reporter | Published: 29 July 2014

FINANCIAL SERVICES

RM Insurance to rebrand to Old Mutual

RM Insurance is set to be rebranded to Old Mutual Zimbabwe as part of a strategy to align its subsidiaries to the main Old Mutual brand, The Herald Business reported.Old Mutual group's short term insu...

By Staff reporter | Published: 29 July 2014

TELECOMS & TECHNOLOGY

Court orders Telecel to hand over minutes

The High Court has ordered Telecel Zimbabwe to handover copies of resolutions passed by its board and minutes of all meetings held since March 2010 to its suspended acting chairperson Dr Jane Mutasa.D...

By Staff reporter | Published: 29 July 2014

INDUSTRIALS & ENERGY

Soft drink workers get salary raise

Arbitrators in the salary dispute between the soft drink manufacturing employees union and manufacturing employers association have awarded a 10 percent wage increase to workers.However, the employers...

By Staff reporter | Published: 29 July 2014

ZIMBABWE

ZSE listing rules ready by January 2015

Mr Chirume said that new listing rules for the Zimbabwe Stock Exchange should be ready by January next year.ZSE is seeking to compel listed firms to, among a host of other new regulatory requirements,...

By Staff reporter | Published: 29 July 2014

ZIMBABWE

Stock exchange to set up SMEs fund

The Zimbabwe Stock Exchange is mulling establishing a revolving facility that will be used by small to medium enterprises wishing to undertake a primary listing on the impending SMEs bourse.Chief exec...

By Golden Sibanda and Tinashe Makichi I The Herald | Published: 29 July 2014

OPINION

Let's support 'buy Zimbabwe' initiative

Despite the economic challenges, Zimbabwe has remained resilient and continues to move forward.That is part of the national DNA. The adoption of the multi-currency system that includes the United Stat...

By Vandudzai Zirebwa Buy Zimbabwe | Published: 29 July 2014

BUSINESS NEWS

Zimbabwe goods too expensive, says CZI

The strong US dollar adopted in 2009 and the depreciation of the South African rand in recent years has made local products 25 percent more expensive and less competitive compared to imported goods, t...

By Golden Sibanda | Published: 29 July 2014

INDUSTRIALS & ENERGY

BAT Zimbabwe declares dividend

British American Tobacco Zimbabwe has declared a $0,30 per share interim dividend for the six months to June.The interim dividend includes $0,04 to be paid from historical earnings.The dividend comes ...

By Conrad Mwanawashe | Published: 29 July 2014

BUSINESS NEWS

Mine Entra attracts fewer exhibitors

A TOTAL of 218 exhibitors have participated at this year's edition of Mine Entra expo occupying 93 percent of the space that the organisers of the event targeted to sell.The three-day trade showcase t...

By Staff reporter | Published: 29 July 2014

INDUSTRIALS & ENERGY

PPC gets $18m for new plant

PPC Zimbabwe has secured about $18 million for the construction of a new cement plant in Harare. The cement company says construction of the new plant is the "main priority" at the moment."Preliminary...

By Tinashe Makichi | Published: 29 July 2014

INDUSTRIALS & ENERGY

Nissan loses local franchise

Nissan Zimbabwe lost its local Nissan franchise on June 30th, 2014 as Nissan Motor Corporation decided not to renew the distribution agreement following the acquisition of the local dealership by a co...

By Clara Mawere and Nhlanhla Dube | Published: 29 July 2014

LATEST PUBLISHED REPORTS

PELH | Unaudited results for FY ended 31 Mar 14

Financial Highlights:- Revenue: $ 3 737 180- Gross profit: $ 1 629 770- Operating loss: $ (2 566 656)- Loss before tax: $ (3 527 337)- Loss for the year: $ (3 330 090)- Dividend: Nil- Total comprehens...

By PELH | Published: 29 July 2014

LATEST PUBLISHED REPORTS

BAT | Unaudited results for HY ended 30 Jun 14

Financial Highlights:- Revenue: $ 20 334 000- Gross profit: $ 13 804 000- Operating profit: $ 7 005 000- Profit before income tax: $ 7 026 000- Profit for the period: $ 5 329 000- Dividend: $ 0.30- To...

By BAT | Published: 29 July 2014

OPINION

Breaking your investment fears

Young people are afraid of investment...Most people born in the early 1990’s and who are entering the real world after studies and graduation have only experienced recession and negative news about ...

By Regenesys | Published: 29 July 2014

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