Latest News

LATEST PUBLISHED REPORTS

ASUN | Unaudited results for HY ended 31 Mar 14

Financial highlights:- Revenue: $ 25 334 877- Gross profit: $ 17 694 940- Operating profit: $ 483 628- Loss before income tax: $ (813 996)- Loss for the period: $ (766 172)- Dividend: Nil- Total compr...

By ASUN | Published: 27 June 2014

FINANCIAL SERVICES

Allied Bank sends 92% of staff home

A STRUGGLING commercial bank owned by transport minister Obert Mpofu has put most of its staff on unpaid leave as it teeters on the brink of collapse, risking sector wide malaise.According to Reuters ...

By Staff reporter | Published: 26 June 2014

TRANSPORT & TOURISM

Air Zimbabwe slashes prices

Air Zimbabwe has slashed prices which has seen a reduction in airfares by more than half in its 'Winter price Chill' promotion.Air Zimbabwe on Thursday issued an advert for its promotional fare to Joh...

By Staff reporter | Published: 26 June 2014

ZSE TODAY

Industrials in second day loses

The equities market further declined today, going down 0.64 percent after bucking a prolonged bullish trend yesterday.The industrial index went down 1.22 points to close at 188.37 points largely weigh...

By Staff reporter | Published: 26 June 2014

FINANCIAL SERVICES

Fidelity Life expects long-term gloomy share value

Fidelity Life Assurance of Zimbabwe foresees little improvement in the value of their shares within the foreseeable future but remain hopeful of a better performance than last year.Fidelity Life mana...

By Staff reporter | Published: 26 June 2014

BUSINESS NEWS

Zimbabwe not reviewing Indigenisation Act

The Zimbabwe Government on Thursday denied reports that it is in the process of amending the Indigenisation and Empowerment Act.Recent media reports indicated that the Government was in the process o...

By Staff reporter | Published: 26 June 2014

POLITICS

Gono accused of fraud

Bikita West legislator and ex-advisor to former Reserve Bank of Zimbabwe (RBZ) Governor Dr Gideon Gono, Dr Munyaradzi Kereke, has written a formal report on alleged tax fraud by his former boss.In a&...

By Staff reporter | Published: 26 June 2014

CONSTRUCTION & PROPERTY

Masimba turnover down 25%, blames Chinese

CONSTRUCTION concern Masimba Holdings turnover in the five months to May slipped 25% following a weak performance from the construction division whose turnover is down 33%. Addressing an Annual Gener...

By Staff reporter | Published: 26 June 2014

INDUSTRIALS & ENERGY

NTS revenues decline in FY2013

Tyre retailer National Tyre Services (NTS) has reported a subdued set of results for the year ended March 31, 2014 as revenues declined 11 percent from $17,5 million in 2012 to $15,7 million in the y...

By Staff reporter | Published: 26 June 2014

OPINION

Manufacturing pharmaceuticals: An untapped opportunity

Ever since the high tech generic drug production facility, Cinpharm-Cameroon, was set up, it is relatively easier for Cameroonians to have access to medicines. Now a low wage earner can access a cour...

By Carlos Lopes I BH24 | Published: 26 June 2014

FINANCIAL SERVICES

FBC Holdings dumps bank-building society merger

FBC Holdings has adjusted its plans to meet the Reserve Bank of Zimbabwe's $100 million capitalisation requirements and will no longer merge FBC Bank and FBC Building Society.Chief executive John Mus...

By Staff reporter | Published: 26 June 2014

TRANSPORT & TOURISM

Zimbabwe to get more flights

ZIMBABWE is expecting more airlines to fly into the country following the successful hosting of the 9th edition Routes Africa Forum which ended on Tuesday.The forum was attended by over 350 delegates...

By The Herald. | Published: 26 June 2014

OPINION

The art of delegation

The art of delegationManagers are expected to achieve results. Some definitions of management actually define this art as achieving objectives through others. The question is how can we effectively do...

By Regenesys | Published: 26 June 2014

LATEST PUBLISHED REPORTS

NTS | Audited results for FY ended 31 Mar 14

Financial Highlights:- Revenue: $ 15 718 446- Operating profit: $ 92 999- Profit before tax: $ 477 017- Profit attributable to shareholders: $ 320 804- Dividend: Nil- Total comprehensive income for th...

By NTS | Published: 26 June 2014

ZSE TODAY

ZSE equities dip, buck positive trend

The equities market retreated 0.38 percent as eight counters traded in the red, bringing the industrial index down to close at 189.59 points.SeedCo lost a cent to trade at 70 cents while Padenga eased...

By Staff reporter | Published: 25 June 2014

BUSINESS NEWS

Zimbabwe's FDI inflows stagnate at $400m

Foreign investors have failed to react to Zimbabwe's foreign investment attraction policies as the country's foreign direct investment figures last year stagnated at $400 million, the United Nations C...

By Staff reporter | Published: 25 June 2014

BUSINESS NEWS

Zim to get 5,8m euro for regional integration

Zimbabwe is set to receive 5,8 million euro from the European Union through the Common Market for East and Southern Africa as part of efforts to enhance the country's regional economic integration, an...

By Staff reporter | Published: 25 June 2014

BUSINESS NEWS

'High import duty fuelling smuggling,' says Zimra

Zimbabwe Revenue Authority (Zimra) is proposing to lower import duty on finished clothes to reduce smuggling and increase tax collection.Gershom Pasi, the Zimra Commissioner General, this week told th...

By Staff reporter | Published: 25 June 2014

INDUSTRIALS & ENERGY

Imported clothes cripple Zimbabwe factories

TEXTILE companies imported clothes worth about $2 million in the first quarter of this year rendering their textile factories redundant and making government's efforts to protect the manufacturing sec...

By Conrad Mwanawashe | Published: 25 June 2014

BUSINESS NEWS

Stage set for ZNCC annual congress

ALL is set for the Zimbabwe National Chamber of Commerce annual congress where discussions on the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim-Asset) are expected to take centre ...

By Oliver Kazunga | Published: 25 June 2014

TRANSPORT & TOURISM

Exorbitant fares discourage growth of Air Zimbabwe

TOURISM and Hospitality Minister Engineer Walter Mzembi has castigated Air Zimbabwe for charging exorbitant fares which discourage growth of the airline as well as domestic tourism.Addressing a Press ...

By Patrick Chitumba | Published: 25 June 2014

BUSINESS NEWS

Zimbabwe, Zambia fight over fishing rights

While Zimbabwe and Zambia squabble over fishing rights in the world's biggest dam, an invasion of Australian crayfish and Nile tilapia is threatening to wreak havoc with Lake Kariba's indigenous speci...

By Bloomberg. | Published: 25 June 2014

TRANSPORT & TOURISM

Tourism to contribute double digit earnings to economy

TOURISM and Hospitality Industry Minister Engineer Walter Mzembi has said the tourism sector will in the next six years contribute double digit earnings to the country's economy.Addressing more than 3...

By Staff reporter | Published: 25 June 2014

OPINION

How to deliver better service

Delivering serviceWe all like good service - but it is often hard for an organisation to get to grips with the requirements for defining a service as 'good'.Anyone can sell an idea once, but the key t...

By Regenesys | Published: 24 June 2014

LATEST PUBLISHED REPORTS

FALG | Unaudited results for HY ended 31 Mar 14

Financial Highlights:- Sales of gold bullion: $ 6 314 346- Gross loss: $ (367 439)- Other operating income: $ 249 492- Operating loss: $ (1 609 953)- Loss before tax: $ (1 658 367)- Loss for the perio...

By FALG | Published: 24 June 2014

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