After what seemed like a lifetime, South Africa's Association of Mine workers and Construction Unions successfully negotiated a settlement with employers promising to triple entry level mining wages o...
By Bhekinkosi Ngubeni | Published: 30 June 2014
The equities market has started the week on downward trend maintaining last week's streak as only one counter traded positively.Today, the industrial index lost 0.52 points (or 0.28 percent) to close ...
By Staff reporter | Published: 30 June 2014
Mobile network operator Telecel Zimbabwe is seeking $200 million to increase its third generation (3G) network coverage and grow subscriber base to 5,5 million by year end.Telecel is the second larges...
By Staff reporter | Published: 30 June 2014
Zimbabwe Stock Exchange-listed composite financial house Zimre Holdings (ZHL)'s shareholders have approved a repurchase of its stock.In terms of the share buyback the maximum number of shares will not...
By Staff reporter | Published: 30 June 2014
Hwange Colliery Company Ltd (HCCL)'s shareholders have turned down the company's proposed share option scheme in what could be interpreted as a victory for Nick van Hoogstraten who once turned down th...
By Staff reporter | Published: 30 June 2014
Farmers will soon pay between $1 and $3 per hectare in rent annually as Government steps up efforts to raise money to expedite the processing of 99-year-leases and promote productivity on the farms, t...
By Walter Nyamukondiwa | Published: 30 June 2014
DELTA Beverages is refusing to pay a former worker more than U$28 000 in back-pay and damages awarded to him in a labour dispute arguing the payment should have been made in Zimbabwe dollars.In an app...
By Fidelis Munyoro | Published: 30 June 2014
THE Zimbabwe National Chamber of Commerce (ZNCC) president Hlanganiso Matangaidze was last week re-elected the chamber's president for another one year term. His vice-president Davison Norupiri was al...
By Staff reporter | Published: 30 June 2014
CHEAP imports, which pay zero percent duty and a poor performance by General Beltings have combined to put pressure on Zimbabwe Stock Exchange-listed GB Holdings' performance.Performance in the year t...
By Staff reporter | Published: 30 June 2014
Zimbabwe has retained the presidency for Federation of Clearing and Forwarding Associations of Southern Africa (FCFASA) following an annual general meeting which was held in Victoria Falls last week. ...
By Thupeyo Muleya | Published: 30 June 2014
Fidelity Life Assurance of Zimbabwe Limited is expecting its $5 million bond issue to be fully subscribed by the end of this month as many investors have expressed interest in the instrument. As...
By Staff reporter | Published: 30 June 2014
MAKOMO Resources, Zimbabwe's second largest coal miner, intends to build a 600 megawatt plant in Hwange as early as next year, adding to the national power grid while work on the Kariba South Power St...
By Martin Kadzere | Published: 30 June 2014
SEED CO will receive the last tranche of capital amounting to $28 million from its US technical partner Limagrain before end of year under an equity deal valued at $40 million.The funding is expected ...
By Staff reporter | Published: 30 June 2014
Financial Highlights:- Revenue: $ 120 187 885- Gross profit: $ 53 711 744- Operating profit: $ 18 593 438- Profit before taxation: $ 15 557 897- Profit for the year: $ 11 833 431- Dividend: Nil- Total...
By SEED | Published: 30 June 2014
Mr. Nyasha Matonda was appointed Chief Executive Officer with effect from 1 June 2014. He was confirmed as an Executive Director with effect from 19 June 2014..
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By WILD | Published: 30 June 2014
Financial Highlights:- Turnover: $ 3 315 819- Operating loss: $ (494 262)- Loss before taxation: $ (722 061)- Loss for the half year: $ (606 368)- Dividend: Nil- Total comprehensive loss for the perio...
By WILD | Published: 30 June 2014
Barclays Zimbabwe officially launched its recently introduced Point of Sale (POS) acquiring devices last week in Victoria Falls.Barclays Zimbabwe wanted to visibly demonstrate how this product would s...
By Staff reporter | Published: 30 June 2014
Car assembler, Willowvale Mazda Motor Industries (WMMI), says its vehicles are not compatible with E15 fuel blend and does not warranty cars using such fuel should they develop engine or emission syst...
By Staff reporter | Published: 30 June 2014
The equities market lost for a third consecutive day in today's trades, going down 0.68 percent on the back of losses in a couple of heavyweights. The industrial index closed the week lower at 187.08 ...
By Staff reporter | Published: 27 June 2014
Two ZB Financial Holdings companies have been let go by the group after low performance with no hope of clear sign of turning profits.Addressing the group's AGM Non-Executive Director Tendai Mafunda s...
By Staff reporter | Published: 27 June 2014
Bottled water and soft drinks manufacturer Schweppes Zimbabwe says its export business is now active and the company has lined up the Angolan and Democratic Republic of Congo as it spreads its wings i...
By Staff reporter | Published: 27 June 2014
Cottco Group Limited has recorded a significant $6,9 million profit less than it recorded the prior year and is now expecting to start seeing profits in two years.Head of finance Dacyl-Ray Rambanepasi...
By Staff reporter | Published: 27 June 2014
Zimbabwe's largest news media house Zimbabwe Newspapers (1980) Limited's re-capitalisation efforts are nearing full circle and the company expects an improved profitability in FY2014.Group chief execu...
By Staff reporter | Published: 27 June 2014
PIONEER Corporation Africa revenues for the five months to May 2014 were stagnant with the group's performance weighed down by poor performance at Pioneer Transport.Chief executive officer Mr Gary Smi...
By Conrad Mwanawashe | Published: 27 June 2014
Financial Highlights:- Revenue: $ 42 001 000- Loss from operations: $ (22 316 000)- Profit before taxation: $ 2 988 000- Profit after tax from continuing operations: $ 2 668 000- Profit from discontin...
By COTT | Published: 27 June 2014
Namib Minerals rings Nasdaq closing bell with Zim diplomats 
The JSE is shrinking 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Tobacco, gold dominate Zimbabwe's exports 
Mnangagwa orders funding for Gwayi-Shangani dam project 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
