Latest News

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

TRANSPORT & TOURISM

NRZ signs $460 million DBSA loan

The National Railways of Zimbabwe (NRZ) has agreed to borrow $460 million from the Development Bank of Southern Africa to develop its unprofitable network that relies mainly on rolling stock acquired ...

By Reuters | Published: 24 July 2014

LANDS & AGRICULTURE

Stock-feed producers brace for shortages

Stock Feed Manufacturer Association (SFA) has advised its members to stock up on maize as the local crop is running out and imports are yet to be approved.In a recent meeting of members, the associati...

By Staff reporter | Published: 24 July 2014

ZSE TODAY

ZSE extends losses

The equities maintained a downward trend, dipping 0.36 percent as trading on the bourse remains depressed.Industrial counters that traded in the red out-numbered gainers seven to three as the Industri...

By Staff reporter | Published: 24 July 2014

MINING & RETAIL

ACR, Falgold agree to extend Dalny mine payment date

Zimbabwe-focused multi-commodity resource development company, African Consolidated Resources (ACR) has said it has reached an agreement with Falcon Gold to extend the date for the payment of the outs...

By Staff reporter | Published: 24 July 2014

MINING & RETAIL

Fidelity must charge competitive gold prices

GOVERNMENT will soon ensure that Fidelity Printers and Refiners charges competitive prices on all gold delivered to the buyer to curb smuggling of the mineral, a Cabinet Minister has said.In the 2014 ...

By Staff reporter | Published: 24 July 2014

MINING & RETAIL

Zim banks have no capacity to fund mines, says BAZ

THE banking sector has no capacity to meet financial requirements for the mining industry due to the liquidity crunch facing the economy, the Bankers Association of Zimbabwe president, Sam Malaba, sai...

By Oliver Kazunga | Published: 24 July 2014

TRANSPORT & TOURISM

Mpofu appoints substantive Air Zimbabwe board

The Minister of Transport and Infrastructural Development Obert Mpofu has appointed a substantive board for Air Zimbabwe.The eight member board is chaired by Abdulman Harid who is a former Commissione...

By Staff reporter | Published: 24 July 2014

TELECOMS & TECHNOLOGY

Govt eyes $25m Zupco bus deal

GOVERNMENT is negotiating a $25 million loan agreement with the Eximbank of India to buy 500 buses to revive the Zimbabwe United Passenger Company's operations. Local Government, Public Works and Nati...

By Staff reporter | Published: 24 July 2014

MINING & RETAIL

Mines Ministry restructures

CABINET has approved the restructuring of the Mines and Mining Development Ministry which will see four mining districts replaced by eight mining provinces, an official said. Mining commissioners, who...

By Martin Kadzere and Oliver Kazunga | Published: 24 July 2014

FINANCIAL SERVICES

CABS unveils new corporate identity

CABS is running unsecured payroll lending at $127 million and corporate sector loans amounting to just under $100 million including to the Distressed and Marginalised Areas Fund. Unveiling CABS new co...

By Conrad Mwanawashe | Published: 24 July 2014

MINING & RETAIL

Lupane gas extraction begins

MINES and Mining Development Minister Walter Chidhakwa yesterday said the extraction of coal-bed methane gas in Lupane has begun, describing the development as "historic".Addressing delegates to the o...

By Oliver Kazunga | Published: 24 July 2014

INDUSTRIALS & ENERGY

Sable Chemicals tests coal for gasification

SABLE Chemicals, Zimbabwe's sole producer of ammonium nitrate fertiliser, has taken coal samples from Sengwa in Gokwe to China to test the feasibility of processing the mineral for hydrogen.Gasified c...

By Golden Sibanda | Published: 24 July 2014

FINANCIAL SERVICES

AfrAsia shuts Vic Falls branch

AfrAsia Bank has announced the closure of its Victoria Falls branch as part of the group's efforts to streamline operations.The branch will cease operations on July 31 and all accounts will be transfe...

By Leonard Ncube | Published: 24 July 2014

BUSINESS NEWS

Harare City Council to construct $3m mall in Mbare

HARARE Sunshine Holdings, an investment arm of the City Council, has commenced construction of a $3 million shopping mall in Mbare, along Simon Mazorodze road. The construction project is a joint vent...

By Staff reporter | Published: 24 July 2014

INDUSTRIALS & ENERGY

Nampak to consolidate Zimbabwe businesses

South African packaging company Nampak is seeking to consolidate its Zimbabwe businesses for them to be run under one entity. Nampak wholly owns CarnaudMetal Box (CMB), and has two associates Hunyani ...

By Staff reporter | Published: 24 July 2014

TRANSPORT & TOURISM

Beitbridge Hotel set for September opening

NATIONAL Social Security Authority's 140-room Beitbridge Hotel which is being leased by Rainbow Tourism Group will be officially opened on September 18 this year following completion of all formalitie...

By Staff reporter | Published: 24 July 2014

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