Latest News

ZIMBABWE

SECz applies for IOSCO membership

The Securities and Exchange Commission of Zimbabwe (SECz) has applied for Inter-national Organization of Securities Commission (IOSCO) membership to align local capital markets regulatory and supervis...

By Staff reporter | Published: 02 July 2014

TELECOMS & TECHNOLOGY

Telecel Zimbabwe in fibre deployment project

Mobile network operator, Telecel says it has begun a fibre deployment project which will see the company laying its own optical fibre cable to avail more high capacity data provisioning for the networ...

By Francis Chimanda | Published: 02 July 2014

INDUSTRIALS & ENERGY

Marvo pays workers $10

TROUBLED Bulawayo firm Marvo Stationery Manufacturers has paid its workers $10 each after going for 18 months without salaries, it emerged yesterday.The disgruntled workers told Southern Eye Business,...

By Staff reporter | Published: 02 July 2014

MINING & RETAIL

Farai Mtamangira survives chop

Mine minister Walter Chidhakwa yesterday retained faith in Farai Mtamangira's Hwange Colliery Company Limited (HCCL) board amid expectations that the second largest shareholder Nicolas Van Hoogstraten...

By Staff reporter | Published: 02 July 2014

LATEST PUBLISHED REPORTS

MEIK | Unaudited results for FY ended 31 Mar 14

Financial Highlights:- Revenue: $ 384 308 000- Non trading income: $ 48 880 000- Profit before tax: $ 37 499 000- Profit for the year from continuing operations: $ 37 179 000- Profit for the year: $ 3...

By MEIK | Published: 02 July 2014

LATEST PUBLISHED REPORTS

TSL | Unaudited results for HY ended 30 Apr 14

Financial Highlights:- Revenue: $ 25 324 090- Profit from operations: $ 5 534 022- Profit before tax: $ 5 000 638- Profit for the period: $ 3 531 170- Dividend: Nil- Total comprehensive income: 3 518 ...

By TSL | Published: 02 July 2014

ZSE TODAY

ZSE in losing streak

The industrial index slipped 0,07 points (0,04%) to close at 186,49 points at yesterday's trading. Zimplow lost a hefty 7,50 cents to trade at 5 cents whilst Innscor and Old Mutual dropped 2 cents eac...

By Staff reporter | Published: 02 July 2014

ZIMBABWE

'Economy not collapsing,' says RBZ chief

ZIMBABWE's economy is not anywhere near collapsing, with the liquidity challenges being experienced not as tight and gloomy as some quarters would want to potray, Reserve Bank of Zimbabwe Governor Dr ...

By Conrad Mwanawashe | Published: 02 July 2014

BUSINESS NEWS

Stop cash leakages

MOST foreign-owned firms and weak cash movement laws in Zimbabwe could be blamed for the tight liquidity conditions prevailing in the economy, analysts have said.Analysts said Zimbabwe was now like a ...

By Staff reporter | Published: 02 July 2014

LANDS & AGRICULTURE

AMA seeks $55 million to buy grain

THE Agricultural Marketing Authority (AMA) has issued $55 million bills to raise money to fund the purchase of about 250,000 metric tonnes of grain from the 2013/14 season.The authority was establishe...

By Oliver Kazunga | Published: 02 July 2014

BUSINESS NEWS

Chinamasa looks to patch up Zimbabwe

Zimbabwe's economy is on the verge of recession, with low consumer demand and a liquidity crunch putting its businesses under strain.Against this backdrop, Finance Minister Patrick Chinamasa tells Pau...

By The Banker | Published: 02 July 2014

FINANCIAL SERVICES

Banking deposits grow

TOTAL banking deposits have marginally improved to $4,82 billion as of March 31, 2014 from $4,73 billion last year, the Reserve Bank of Zimbabwe has said.In a report for the quarter ending March 31, 2...

By Oliver Kazunga | Published: 02 July 2014

BUSINESS NEWS

ZIA to improve FDI stats

Government and its technical partners have established a technical team to collect Foreign Direct Investment statistics in the country, an official has said. The Zimbabwe Investment Authority chief ex...

By Conrad Mwanawashe | Published: 02 July 2014

OPINION

Importance of repaying bank loans

Financial institutions are a major source of funding that individual and organisations can borrow to finance personal and business issues.However, all borrowings from whatever source; banks, credit st...

By Sanderson Abel | Published: 02 July 2014

FINANCIAL SERVICES

Zimre forecasts $150m turnover

Zimre Holdings Limited is forecasting a turnover of about $150 million by the end of this year as the company targets increased earnings from the disposal of non-core and non-performing local and exte...

By Tinashe Makichi | Published: 02 July 2014

MINING & RETAIL

Meikles posts $37m profit

ZSE listed diversified group, Meikles Limited posted an after tax profit of $37,1 million for the full year to March 2014 from $6,5 million the prior year largely due to a huge jump in non-trading inc...

By Staff reporter | Published: 02 July 2014

MINING & RETAIL

Hwange expects profitability

HWANGE Colliery Company Ltd, the country's largest coal miner, expects to turn profitable upon commissioning of new equipment before year-end, an official said.The company has finalised the acquisitio...

By Staff reporter | Published: 02 July 2014

TRANSPORT & TOURISM

Air Namibia introduces Airbus on Harare route

AIR Namibia has introduced a 112 seater Airbus A319 to service its Harare-Windhoek and Harare-Lusaka routes due to increased demand.The Airbus, which offers both Business class and Economy Class servi...

By Staff reporter | Published: 02 July 2014

BUSINESS NEWS

New awards category for banks introduced

The Institute of Chartered Secretaries and Administrators in Zimbabwe has announced there will be a special award category for financial institutions in this year's Excellence in Corporate Governance ...

By Staff reporter | Published: 02 July 2014

FINANCIAL SERVICES

Special vehicle to take over lenders' bad loans

Zimbabwe's central bank is considering establishing a body to take over local lenders' non-performing loans and make it easier for them to attract new capital, its governor said on Monday.Several ban...

By Reuters | Published: 02 July 2014

OPINION

'Zimbabweans lack business acumen'

Government has admitted that Zimbabweans generally lack the skills to run businesses despite introducing Indigenisation policy, which stipulates a 49-51% ownership structure between foreign investors ...

By Tatenda Macheka | Published: 30 June 2014

MINING & RETAIL

ACR awaits approval for Dalny mine deal

African Consolidated Resources PLC Monday said its deal to buy the Dalny mine in Zimbabwe from Falcon Gold Zimbabwe Ltd has been held back to await formal approval by Falcon Gold shareholders, Allianc...

By Alliance News | Published: 30 June 2014

ECONOMC INDICATORS

Broad money supply up 3% in April

Annual broad money growth slowed down by 1,13 percentage points from 7,7% in March to 6,6% in April but increased by 3,3 % on a month on month basis spurred by tobacco sales, Reserve Bank of Zimbabwe ...

By Staff reporter | Published: 30 June 2014

AFRICA NEWS

SA metal workers threaten strike

JOHANNESBURG - Numsa announced yesterday that more than 220 000 of its members in the steel and metal workers sector would embark on a strike across the country this week."The national executive commi...

By Fin24. | Published: 30 June 2014

ZIMBABWE

ZSE loses 7.7% in first half

The Zimbabwe Stock Exchange closed the first half of the year on Monday having lost 7.7% year-to-date to 186.56 points.Market capitalisation was at $4.87bn, down from the opening level of $5.2bn.An es...

By fin24 | Published: 30 June 2014

Latest News

Latest Published Reports

Latest jobs