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ZIMBABWE

Chengetedzai runs CSD mock tests

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...

By Staff reporter | Published: 09 July 2014

FINANCIAL SERVICES

BancABC reshuffles executives

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...

By Staff reporter | Published: 09 July 2014

LATEST PUBLISHED REPORTS

BIND | Audited results for FY ended 31 Mar 14

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...

By BIND | Published: 09 July 2014

LANDS & AGRICULTURE

Sable assures farmers

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...

By Lovemore Zigara | Published: 09 July 2014

MINING & RETAIL

Platinum miners decry 15% export levy

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...

By Golden Sibanda | Published: 09 July 2014

FINANCIAL SERVICES

NSSA's new bank to focus on housing

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...

By Conrad Mwanawashe | Published: 09 July 2014

MINING & RETAIL

Raptor Resources finalises plans for Zim nickel mine

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...

By Staff reporter | Published: 09 July 2014

INDUSTRIALS & ENERGY

Nissan SA engages 5 Zimbabwean dealers

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...

By Business Reporters | Published: 09 July 2014

TRANSPORT & TOURISM

African Sun seeks 12% increase in seats

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...

By Staff reporter | Published: 09 July 2014

ZIMBABWE

ZSE record 20% turnover fall

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 ...

By Golden Sibanda | Published: 09 July 2014

INDUSTRIALS & ENERGY

Govt keen on Feruka oil Refinery

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...

By Staff reporter | Published: 09 July 2014

INDUSTRIALS & ENERGY

Graeme Smith quits Green Fuel

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...

By Manica Post. | Published: 09 July 2014

ZSE TODAY

Equities market opens week on bearish trend

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...

By Staff reporter | Published: 07 July 2014

MINING & RETAIL

Fixed costs haunt ZMDC gold operations

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...

By Staff reporter | Published: 07 July 2014

MINING & RETAIL

Coal mining companies owe $2m in tax

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...

By Sunday News. | Published: 07 July 2014

INDUSTRIALS & ENERGY

BAT builds manufacturing portfolio

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 ...

By Staff reporter | Published: 07 July 2014

INDUSTRIALS & ENERGY

Manufactured exports below 9%

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...

By Staff reporter | Published: 07 July 2014

ZIMBABWE

Govt engages private sector on industrial, trade polices coordination

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 ...

By Staff reporter | Published: 07 July 2014

INDUSTRIALS & ENERGY

Zesa exports excess power at night

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...

By Walter Nyamukondiwa | Published: 07 July 2014

BUSINESS NEWS

Truckers stage anti-Zimra protest

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...

By Thupeyo Muleya | Published: 07 July 2014

BUSINESS NEWS

Cost of living drops, says CCZ

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 ...

By Charity Ruzvidzo | Published: 07 July 2014

MINING & RETAIL

Meikles postpones platinum mining plans

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...

By Staff reporter | Published: 07 July 2014

INDUSTRIALS & ENERGY

Quest Motors calls for Govt support

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...

By Staff reporter | Published: 07 July 2014

TRANSPORT & TOURISM

$400k for Bulawayo Rainbow Hotel refurbishment

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...

By Staff reporter | Published: 07 July 2014

BUSINESS NEWS

Government reviews labour laws

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...

By Staff reporter | Published: 07 July 2014

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