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INDUSTRIALS & ENERGY

PPC domestic sales decline

CEMENT producer PPC Zimbabwe says domestic sales in the first five months of the year are down 5 percent compared to the same period last year. PPC managing director  Njombo Lekula said domestic...

By Golden Sibanda | Published: 06 June 2014

TELECOMS & TECHNOLOGY

Edgetech Solutions to offer mobile payment service

ZIMBABWE-BASED banking solutions provider Edgetech Solutions is preparing to launch a new mobile payment service that uses sound-based communication technology from NearBytes to let people make paymen...

By nfcworld.com | Published: 06 June 2014

INDUSTRIALS & ENERGY

$20m revenue boost for Cambria Africa looms

Cambria Africa could get a $20 million revenue boost from the disposal of non-core assets and claims relating to disputes over leased aircraft. This potential revenue could just be the tonic the pan-A...

By Staff reporter | Published: 06 June 2014

INDUSTRIALS & ENERGY

ART suffers $1m loss

Diversified group, ART Corporation recorded a $1,16 million loss in the half year period ended March 31, 2014 from a profit of $236 000 a year earlier after its business units achieved lower volumes d...

By Walter Muchinguri | Published: 06 June 2014

INDUSTRIALS & ENERGY

Ariston revenue up 29%

Agro-industrial Company, Ariston Holdings Limited's revenue for the half year ended March 2014 increased 29 percent on the back of improved marketing by the group.The group recorded $8,6 million in re...

By Tinashe Makichi | Published: 06 June 2014

FINANCIAL SERVICES

FML to tighten screws on premiums collection

First Mutual Holdings will tighten the screws on premiums collection and enhance service provision as part of concerted efforts to maintain growth.Chief executive Mr Douglas Hoto said after the group'...

By Business Reporter | Published: 06 June 2014

MINING & RETAIL

Hwange board to be dissolved

Government has given notice that it will move a motion to remove all board members of Hwange Colliery Company Limited at the annual general meeting in June.Secretary for Mines and Mining Development P...

By Business Reporter | Published: 06 June 2014

OPINION

Mentoring yourself for entrepreneurial success

When people look for mentors they often overlook the power of giving oneself good advice and following it. A mentor is valuable because he or she will encourage you to do your best and stay on course,...

By Regenesys | Published: 06 June 2014

ZSE TODAY

Industrials logs 10th straight rise

ZSE shares maintained upward momentum on Thursday with Industrials logging its 10th straight rise largely on modest gains recorded in a few selected heavy weights.The Industrials Index gained 0.41 poi...

By Staff reporter | Published: 06 June 2014

LATEST PUBLISHED REPORTS

ARIS | Unaudited results for HY ended 31 Mar 14

Financial Highlights:- Turnover: $ 8 609 876- Profit before taxation and interest: $ 2 339 776- Operating loss: $ (2 682 466)- Fair value adjustments: $ 5 022 242- Profit before taxation: $ 1 316 729-...

By ARIS | Published: 06 June 2014

INDUSTRIALS & ENERGY

Ingwebu targets 15% sales growth

INGWEBU Breweries expects to increase sales volumes during the Soccer World Cup, which kicks off in Brazil this month.ingwebu-cratesThe Bulawayo City Council's commercial undertaking says its sales co...

By Staff reporter | Published: 04 June 2014

BUSINESS NEWS

ZNCC in joint venture

THE Zimbabwe National of Chamber Commerce (ZNCC) has partnered with a Bulawayo-based organisation, Lead-Us-Today (LUT) in a development likely to boost membership base.LUT is a non-profit organisation...

By Staff reporter | Published: 04 June 2014

INDUSTRIALS & ENERGY

Apex to sell Pheonix shares

APEX Holdings (Pvt) Ltd is disposing its 46,68% shareholding in Phoenix Consolidated Industries Ltd, as the company is currently under judicial management.Apex Holdings (Pvt) Ltd was placed under judi...

By Staff reporter | Published: 04 June 2014

BUSINESS NEWS

Mthuli Ncube eyes AfDB presidency

African Development Bank chief economist and vice-president, Professor Mthuli Ncube and founder of Barbican Holdings, is making a bid for the presidency of the continental financial institution. If he...

By Business Reporter | Published: 04 June 2014

ZSE TODAY

ZSE shares advance in midweek trades

ZSE shares stayed in the positive territory in midweek trades Wednesday with the breadth of the market looking strong as 11 counters recorded gains against just 2 fellers.The Industrial Index gained 0...

By Staff reporter | Published: 04 June 2014

FINANCIAL SERVICES

FML total income up 20% in 1Q14

First Mutual Holdings recorded a 20% growth in total income for the period ended 30 April on the back of increase in rental income and premium, group CE Doug Hoto told the AGM yesterday.Giving the tra...

By Staff reporter | Published: 04 June 2014

LATEST PUBLISHED REPORTS

ZIMR | Unaudited results for FY ended 31 Dec 13

Financial Highlights:- Total revenue: $ 69 318 414- Operating profit: $ 1 608 617- Profit before tax: $ 2 663 626- Profit for the year from continuing operations: $ 1 548 837- Profit for the year: $ 1...

By ZIMR | Published: 04 June 2014

ZSE TODAY

Industrials firm up on gains in heavyweights

Industrials firmed up on Tuesday with 5 out of the markets 10 heavily capitalised counters trading in the positive while volumes recovered from yesterday with meaningful volumes trading in CBZ, Delta ...

By Staff reporter | Published: 04 June 2014

MINING & RETAIL

'Govt should resuscitate Shabanie Mashava mines'

Building materials manufacturer, Turnall Holdings has said it was crucial for government to resuscitate operations at Shabanie Mashava Mines to curb spiralling import costs of chrysotile asbestos fibe...

By New Ziana | Published: 04 June 2014

BUSINESS NEWS

'Freeze power tariff hike,' says CZI

The Confederation of Zimbabwe Industries, an industrial lobby group, has implored authorities to freeze power tariff hikes, warning that increasing the cost of power would further erode competitivenes...

By Staff reporter | Published: 04 June 2014

MINING & RETAIL

ZimAlloys hunts for investors

Ferrochrome producer, ZimAlloys on Sunday said it is still searching for partners to inject funds into the company to enable it resume operations.The mining firm ceased operations in 2008 due to lack ...

By New Ziana. | Published: 04 June 2014

INDUSTRIALS & ENERGY

Lafarge to ramp-up production

Production at listed cement manufacturer, Lafarge Cement Zimbabwe is expected to increase to 500 000 tonnes per annum once current plant upgrade is complete, an official has said.Lafarge is currently ...

By Business Reporter | Published: 04 June 2014

INDUSTRIALS & ENERGY

Cheap imports take toll on Natfoods volumes

NATIONAL Foods says milling volumes especially in the southern region are depressed due to the high volume of imports."We are making every effort to compete, however, our milling volumes in the southe...

By Business Reporter | Published: 04 June 2014

INDUSTRIALS & ENERGY

Willdale's cash call under-subscribed

Brick maker Willdale Limited's rights offer has been grossly under subscribed by shareholders after only 15 percent of the owners responded to the $3,2 million cash call.Chief executive Mr Clifford Mu...

By Staff reporter | Published: 04 June 2014

ZSE TODAY

Industrials opens week little changed

ZSE's Industrials opened the week little changed with the breadth of the market skewed towards decliners as only 4 counters managed gains against 9 that ended in the negative while Minings faltered on...

By zfn | Published: 02 June 2014

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