Latest News

TRANSPORT & TOURISM

Comair commits to Vic Falls - Johannesburg route

BRITISH Airways Comair is committed itself to servicing the Victoria Falls/Johannesburg and will introduce larger aircraft once expansion of the resort town's airport runway is completed, an official ...

By Staff reporter | Published: 18 September 2013

MINING & RETAIL

Mwana Africa raises $2,8 million

Business ReporterMwana Africa Plc has raised $2,8 million through a subscription and placing of shares, taken up by existing and new shareholders, to accelerate development of its mining projects.The ...

By Business reporter | Published: 18 September 2013

INDUSTRIALS & ENERGY

OK Zimbabwe issues 15m shares

RETAIL giant OK Zimbabwe has issued a total of  15 143 314 ordinary shares valued at $3,5 million to beneficiaries of its share option scheme. This will increase the number of OK ordinary shares ...

By Business Reporter | Published: 18 September 2013

ZSE TODAY

Industrials scratches out gains

ZSE's Industrials scratched out modest gains on Tuesday as President Mugabe was due to officially open the Parliament to effectively set the legislative agenda for the First Session of the 8th Parlia...

By Staff reporter | Published: 17 September 2013

TELECOMS & TECHNOLOGY

Tracy Mpofu explains why Econet has not been paying dividends

Tracy Mpofu, Econet Wireless non-executive director who chaired the AGM held on 17 September 2013 said Econet has not been paying a dividend due to a number of commitments which put pressure on cash ...

By Staff reporter | Published: 17 September 2013

TELECOMS & TECHNOLOGY

Econet tells disgruntled banks to 'Invest in your own EcoCash'

Econet Wireless Zimbabwe Chie Executive Officer Douglas Mboweni has told banks that reluctant join EcoCash for their mobile money transfer services to invest in their own network instead of lobbying ...

By Staff reporter | Published: 17 September 2013

MINING & RETAIL

EU to lift sanctions on Zimbabwe firm

The European Union has agreed to lift sanctions on a Zimbabwean diamond-mining firm despite concerns over alleged fraud in a July election that kept President Robert Mugabe in power, the EU said on Tu...

By Reuters | Published: 17 September 2013

BUSINESS NEWS

Zimra to host regional conference

Zimbabwe will host the first International Conference on Tax in Africa of the African Tax Administration Forum (ATAF) in Victoria Falls from September 23 to September 27.The conference, which is being...

By Staff reporter | Published: 17 September 2013

BUSINESS NEWS

Zimbabwe - Mauritius buyers sellers expo

Zimbabwe National Chamber of Commerce (ZNCC) deputy president, Mr Davison Norupiri has hailed the cordial business relations that exist between Mauritius and Zimbabwe and urged the local business comm...

By Staff reporter | Published: 17 September 2013

BUSINESS NEWS

Tobacco exports gross $349 million

The country has so far exported 72,4 million kg of virginia tobacco worth $349 million.The tobacco was sold at an average price of $4,82 per kilogramme representing a 17 percent increase from volumes ...

By Staff reporter | Published: 17 September 2013

POLITICS

Mugabe opens 1st session of 8th Parliament

President Mugabe today officially opened the first session of the 8th Parliament during which he set the legislative agenda for this session.The President said there was need to come up with new legis...

By Staff reporter | Published: 17 September 2013

OPINION

ZSE weekly review

The Industrial Index posted a 3.6% gain during the week under review compared to largely indifferent trading in the prior week. Firm bids were recorded in the banking and insurance sectors where FBCH ...

By Imara Edwards | Published: 17 September 2013

EUROPE

UK inflation rate falls to 2.7% in August

UK inflation measured by the consumer prices index (CPI) fell to 2.7% in the year to August, from 2.8% in July.It means prices are still rising faster than wages, which rose by 1.0% on average over th...

By BBC | Published: 17 September 2013

AFRICA BUSINESS

Retail investment into Africa tops R25m, says Imara S.P. Reid

Individual South Africans have committed more than R25 million to retail investment in sub-Saharan Africa, says Illovo-based Imara S.P. Reid Stockbrokers, believed to be the first firm to create an in...

By Carol | Published: 17 September 2013

INDUSTRIALS & ENERGY

Safeguard introduces revolutionary new note-counting safe

Safeguard Engineering has introduced a revolutionary new automated safe that counts cash in any denominations, deposits the money into a removable bag locked securely inside it and issues a receipt fo...

By Chris Chinamhora | Published: 17 September 2013

MINING & RETAIL

Aquarius bosses agree to pay cuts

Aquarius Platinum has cut its chief executive Jean Nel's salary by 30% and imposed a 10% slash of directors' fees as part of measures to contain "cash corporate costs". The platinum group metals produ...

By Staff reporter | Published: 17 September 2013

LANDS & AGRICULTURE

Hippo Valley to increase exports

Hippo Valley Estates Limited (Hippo Valley) says it is targeting to export more than 217 000 tonnes of sugar to the European Union (EU), as a way of boosting the company's earnings. Last year, the su...

By Staff reporter | Published: 17 September 2013

TELECOMS & TECHNOLOGY

MTN's expensive calls to Zimbabwe

MTN South Africa on Monday issued an ambiguous statement saying it was cutting the cost of international telephone calls to "as little as 75c/minute" to a number of markets across Africa, including Zi...

By Staff reporter | Published: 17 September 2013

TRANSPORT & TOURISM

Air Zimbabwe appoints new acting boss

NATIONAL airline Air Zimbabwe has appointed corporate quality, safety and security head Edmund Makona as the new acting chief executive officer, taking over from Innocent Mavhunga who had also been in...

By Staff reporter | Published: 17 September 2013

TRANSPORT & TOURISM

Pioneer submits updated indigenisation proposal

PIONEER Africa Corporation has submitted an updated compliance proposal of its indigenisation plan and is now waiting for Government's response.Group chief executive officer of Pioneer Corporation Mr ...

By Staff reporter | Published: 16 September 2013

FINANCIAL SERVICES

CABS to review SMEs loan fund

CABS is set to review upwards loans availed to players in the Small to Medium Enterprises sector from $50 000, an official has said.Addressing local businesspeople attending a ZimTrade business traini...

By Staff reporter | Published: 16 September 2013

BUSINESS NEWS

Zim loses $12 billion in illicit financial flows

Zimbabwe has lost a cumulative $12 billion in the last 3 decades through illegal financial outflows ranging from secret financial deals, tax avoidance and illegal commercial activities, a new report j...

By Staff reporter | Published: 16 September 2013

INDUSTRIALS & ENERGY

NIEEB wants Masawara's BP acquisition revoked

Zimbabwe wants locals to exclusively benefit from Masawara Plc's $39 million purchase of a stake in BP and Shell Marketing Services and may tear up the current financial arrangement if it fails to rea...

By Staff reporter | Published: 16 September 2013

TELECOMS & TECHNOLOGY

Telecel disconnects 100k unregistered lines

ZIMBABWE'S second largest mobile phone operator by subscription Telecel Zimbabwe has switched off nearly 100 000 lines after the country's telecoms regulator issued a directive ordering players to dis...

By Staff reporter | Published: 16 September 2013

ZSE TODAY

Econet drags Industrials down

There were just 3 counters to trade in the red on Monday but weak trades in Econet managed to cancel out gains in 7 other counters that traded in the positive territory including Delta.Daily volumes w...

By Staff reporter | Published: 16 September 2013

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