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MINING & RETAIL

New Dawn to delist from Toronto bourse

Canada-based New Dawn Mining Corporation plans to delist from the Toronto Stock Exchange and move its operations in the tax haven of Cayman Islands as part of on-going attempts to cut costs. The Zimba...

By Business Reporter | Published: 25 September 2013

MINING & RETAIL

Zimbabwe pledges investor-friendly mining sector policies

The government has assured existing and potential investors in the mining sector that it will continue to pursue investor friendly policies which seek to increase foreign direct investment and sustain...

By Staff reporter | Published: 25 September 2013

INDUSTRIALS & ENERGY

DANDY Zimbabwe to expand operations

Chewing gum manufacturer, Dandy Zimbabwe is working on a recapitalisation package to boost capacity from 30 percent to 60 percent by year end.Dandy Zimbabwe managing director Mr Peter Morgansen said ...

By Staff reporter | Published: 25 September 2013

INDUSTRIALS & ENERGY

General Beltings fails to turn around

Conveyor belt manufacturer, General Beltings Holdings (GBH) said on Tuesday it failed to return to profitability despite accessing $1 million from the Distressed and Marginalised Areas Fund (Dimaf) to...

By Staff reporter | Published: 25 September 2013

MINING & RETAIL

Trojan mine recovery on course

Bindura Nickel Corporation subsidiary Trojan Mine has so far produced around 1 800 tonnes of concentrate from over 253 392 tonnes of ore since it resumed production early this year, an official has sa...

By Staff reporter | Published: 25 September 2013

TRANSPORT & TOURISM

Meikles $8,5 million refurbishment complete

Meikles Hospitality says the $8,5 million refurbishment of its hotel's north wing is now complete and guests are already being booked into the new rooms.The refurbishment drive, which started in April...

By Staff reporter | Published: 25 September 2013

MINING & RETAIL

Zimbabwe mining growth jumps 35%

THE mining sector has grown by an astonishing 35 percent in the period 2009 to 2011 with its contribution to Gross Domestic Product rising from 4 percent to 16 percent, industry data shows.According t...

By Staff reporter | Published: 25 September 2013

ZSE TODAY

Econet sustain ZSE Industrials resurgence

Heavyweight counters BAT and Econet managed to sustain Industrials resurgence on Wednesday while trading across the board was largely mixed..The Industrials Index gained 1.26 points or 0.65% to 196.00...

By Staff reporter | Published: 25 September 2013

CONSTRUCTION & PROPERTY

Dawn Properties revenue up 3%

Dawn Properties' Chief Executive Justin Dowa told the AGM earlier today that revenue for the 4 months to July 2013 grew by 3% to $1.8 million with rental income remaining flat. Trading conditions...

By Staff reporter | Published: 25 September 2013

JOBS

VACANCY:- Delta Beverages Sales Reps

SALES REPRESENTATIVE - BULAWAYOHay Broad Band EApplications are invited from suitably qualified and experienced persons to fill the above position that has arisen at Bulawayo Sales Lagers. The incumbe...

By Delta | Published: 25 September 2013

BUSINESS NEWS

Civil servants demands $540 minimum salary per month

CIVIL servants' representatives met in Harare yesterday to come up with a position paper demanding a minimum salary of $540 a month and 30 percent of basic salary as rural allowance.In the position pa...

By Staff reporter | Published: 25 September 2013

BUSINESS NEWS

Zesa intensifies electricity disconnections

ZESA Holdings has intensified electricity disconnections to its customers as a way of forcing them to pay up and also to maintain the availability of electricity by ploughing money back into generatin...

By Staff reporter | Published: 25 September 2013

TELECOMS & TECHNOLOGY

Econet begins EcoCash expansion

Econet Wireless is undertaking a multi-million dollar expansion of its mobile money service, EcoCash, in response to its dramatic and unexpected growth since its launch in September 2011.The expansion...

By Own correspondent | Published: 25 September 2013

BUSINESS NEWS

Econet boss to open Kwekwe Expo

Econet chief executive officer Douglas Mboweni will on Friday officially open Kwekwe's fourth premier business showcase Kwekwe Expo.Mboweni will address a business conference where he is expected to ...

By Staff reporter | Published: 25 September 2013

BUSINESS NEWS

Diamond industry likely to release fiscal pressure

The diamond industry has the potential to release a lot of fiscal pressure that the economy is experiencing which has seen capital expenditure being sacrificed to the detriment of economic growth, a l...

By Staff reporter | Published: 25 September 2013

FINANCIAL SERVICES

Zibawu petitions Barclays

The Zimbabwe Banks and Allied Workers Union (ZIBAWU) has petitioned the Barclays bank to refrain from the alleged refusal to negotiate in good faith with employees on working conditions.The bank worke...

By Staff reporter | Published: 24 September 2013

TELECOMS & TECHNOLOGY

Telecel extends Mega Bonus Reloaded promotion

Telecel Zimbabwe has extended until the end of October its popular Mega Bonus Reloaded promotion, which was introduced in June this year and had been due to end on August 31. The Mega Bonus Reloa...

By Chengetai Chinembiri | Published: 24 September 2013

TELECOMS & TECHNOLOGY

Microsoft launches Office 365 in Zimbabwe

Microsoft Corporation yesterday announced the commercial launch of its latest offering, the Microsoft Office 365 in Zimbabwe. This is the newest cloud based service tailor made for all businesses of a...

By Staff reporter | Published: 24 September 2013

TELECOMS & TECHNOLOGY

NetOne disconects over 100 000 unregistered clients

State-owned mobile phone network provider NetOne said on Monday it has disconnected over 100 000 unregistered subscribers as it complies with a Postal and Telecommunications Regulatory Authority of Z...

By Staff reporter | Published: 24 September 2013

TRANSPORT & TOURISM

Indian investors to invest in Zimbabwe tourism

More than 36 Indian investors have expressed an interest in investing in the country's tourism industry, an incentives analyst has said.According to the analyst Mr Glen Byrom, who was part of a delega...

By Staff reporter | Published: 24 September 2013

BUSINESS NEWS

Zimra rewards top taxpayers

At least 81 companies received awards for being tax compliant during the Zimbabwe Revenue Authority's taxpayer appreciation day held in Harare yesterday.The winners included major remitters of tax in ...

By Staff reporter | Published: 24 September 2013

BUSINESS NEWS

ZNCC urges members to comply with Zimstats demands

Zimbabwe national Chamber of Commerce says it will put in place initiatives and campaigns to make sure that its members provide Zimbabwe National Statistical Agency with requisite data that will enabl...

By Staff reporter | Published: 24 September 2013

MINING & RETAIL

Zimbabwe mining Indaba opens tomorrow

THE Zimbabwe Mining and Infrastructure Indaba opens in Harare tomorrow with the ultimate objective to further entrench the country's position as a premier destination for foreign direct investment.Acc...

By Staff reporter | Published: 24 September 2013

ZSE TODAY

Industrials extends recovery streak

There was not a single counter to trade lower on the ZSE on Tuesday as Industrials extended their recovery streak to 6th straight session in largely quarter end price ramping.The Industrials Index gai...

By Staff reporter | Published: 24 September 2013

LANDS & AGRICULTURE

Zimplow secures $5m

Zimplow Limited will tomorrow seal a $5 million line of credit from Brazil in what is expected to boost volumes at the group's tractor manufacturing division.Group chief executive Mr Zondo Kumwenda sa...

By Business reporter | Published: 24 September 2013

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