CHENGETEDZAI Depository Company is doing mock-runs ahead of the launch of the Central Securities Depository (CSD).Sources said the system was now live and all the players - the Zimbabwe Stock Exchange...
PAN-African banking group,BancABC, has gone on a restructuring exercise that will see Hashmon Matemera returning to group level after a four-year stint as managing director for the Zimbabwean unit.Mat...
Financial Highlights:- Turnover: $ 65 011 248- Gross profit: $ 35 443 961- Operating profit: $ 17 302 253- Profit before taxation: $ 16 367 258- Dividend: Nil- Profit and total comprehensive income fo...
THE country's sole ammonium nitrate (AN) fertilizer manufacturer, Sable Chemicals, has assured farmers of enough stocks of the commodity for the winter wheat cropping season.Sable Chemicals chief exec...
Platinum mining firms have warned that the 15 percent levy Government imposed on raw platinum exports could lead to a collapse of the strategic industry. The export tariff took effect at the beginning...
THE National Social Security Authority has appointed Deloitte and Touché to process papers for its application for a micro-finance bank licence that will have an initial capital of $50 million. The n...
United States-based Raptor Resources Holdings has finalised its plan to develop its green field nickel and copper mineral claims in Shamva, the company confirmed yesterday. Raptor Resources is a minin...
Nissan South Africa has partnered five local Nissan dealers in a direct to dealer arrangement that will see the company extending its footprints on the local market. The five chosen dealers are set to...
AFRICAN Sun says a 12 percent increase in seats is required to satisfy demand for room nights in peak periods in Victoria Falls hotels as this would help the hospitality group overturn a negative four...
Turnover value on the Zimbabwe Stock Exchange fell by 20 percent to $28,5 million in June as tight liquidity confined investor appetite to mostly heavyweight stocks.Market analysts say that investors ...
Government is keen on resuscitating the Feruka Oil Refinery in the Eastern border city of Mutare, but is incapacitated by the lack of financial resources to undertake the project, Energy and Power Dev...
GREEN Fuel area general manager Mr Graeme Smith, who was at the helm of the Chisumbanje ethanol project management since inception, has stepped down.The company's community projects manager, Ms Nicoll...
The equities market opened Monday 0.19 percent weaker, bucking last week's three-day gains.The industrial index today was lower at 187.09 points after shedding 0.35 points.Losses were recorded in Natf...
The Zimbabwe Mining Development Corporation needs to realign its costs to current production levels to be able to revive its gold mining operations, parliamentarians heard today.Giving oral evidence t...
Hwange Rural District Council is owed more than $2 million in unit tax which has accrued over the past six years as mining houses operating within its area of jurisdiction continue to default, an offi...
Cigarette manufacturer BAT Zimbabwe says it is focusing on building its manufactured cigarette portfolio after stopping semi-processed tobacco exports last year.In an interview, BAT Zimbabwe managing ...
Zimbabwe's exports have taken a knock from the struggling manufacturing sector which is operating at around 37 percent of installed capacity.Latest trade figures from the Zimbabwe National Statistical...
The Government has engaged the private sector in seeking out solutions on how to effectively coordinate the country's Industrial Development Policy (IDP) and the National Trade Policy (NTP).Effective ...
ZIMBABWE is exporting electricity generated during off-peak periods, particularly after 9pm to neighbouring countries at a time when it ironically imports power to offset deficit during the day.Althou...
CHAOS reigns at the Beitbridge Border Post where commercial cargo has been stuck since Friday with truckers and clearing agents blaming the Zimbabwe Revenue Authority (Zimra) for causing delays.Betwee...
THE cost of living for a family of six dropped from $592.97 in May to $588.97 last month, the Consumer Council of Zimbabwe has said.The figures reflect a 0,67 percent decrease due to promotions being ...
Meikles Centar Mining has shelved plans to venture into platinum mining following the withdrawal of a prospective investor who had shown interest in the venture, a company official said.The mining com...
Quest Motors does not require a capital injection but rather Government support through the purchase of the company's wide range of vehicles.Quest Motors Manufacturing Engineering Manager Mr Ezekiel M...
RAINBOW Tourism Group (RTG) says it has set aside at least $400 000 to refurbish the Bulawayo Rainbow Hotel.The refurbishment follows similar exercises at Rainbow Towers and the Kadoma Hotel and Confe...
INDUSTRY and Commerce minister Mike Bimha has revealed that government was reviewing labour laws to make them more flexible and applicable to the current operating environment.Addressing members of th...