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BUSINESS NEWS

FNB, OK Zimbabwe launches SA-Zim instant cellphone banking

First National Bank launched a cellphone-based instant money transfer service between South Africa and Zimbabwe on Tuesday.   "We have done extensive research into the cross-border remitt...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecel offers huge discounts on calls, texts and data

Telecel has launched a new promotion that reduces the cost of off-peak calls to less than one cent per minute, removes any charge for text messages and allows data to be accessed at just three cents...

By Chengetai Chinembiri | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet official speaks on EcoCash

EcoCash Interview: How is relationship with Zimbabwe central bank? http://www.youtube.com/watch?v=_HnAUYAOnCg ...

By Staff reporter | Published: 10 June 2013

MINING & RETAIL

TM Supermarkets invests $25 million in stores refurbishment

TM Supermarkets has invested a further $25m into the retail chain, with the money aimed at transforming its retail outlets through refurbishment of the group's 50 stores across the country.Two of TM...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Zesa fined $400 for failing to pay workers

The Zimbabwe Electricity Supply Authority has been convicted and fined $400 for non-compliance with an agreement it made with its employees.The power utility had been brought to court over a debt of...

By Court Reporter | Published: 10 June 2013

ECONOMC INDICATORS

Zim's cost of living goes up

THE cost of living, as measured by the Consumer Council of Zimbabwe's low-income urban earner monthly basket for a family of six increased from the February figure of US$570,75 to US$573,22 in March...

By Business Reporter | Published: 10 June 2013

BUSINESS NEWS

More than ten aspiring local airlines fail to take off

GOVERNMENT has issued permits to more than ten aspiring local airlines intending to service domestic routes, but none have taken to the skies due to capital constraints."We have issued permits to a ...

By Business Reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe to launch mining stock exchange

A Zimbabwe Mining Stock Exchange is expected to be introduced in the third quarter of this year to ensure the country gets proper value of its resource commodities.Concerned with alleged mineral rev...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials extends gains as Minings recover

Industrials extended gains on Monday after gains in heavyweight counters Delta, BAT and Hippo while Minings recovered last Friday's losses on gains in RioZim.The Industrials Index gained 0.99 or 0.5...

By Business reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Zimplow to achieve operating profit or break-even by half year

Zimplow Holdings will probably achieve an operating profit or at least break-even for the half year, CEO Zondi Kumwenda told the AGM last Thursday. "There will be discontinued operations within...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Zim empowerment board threatens to shut down Stanchart Bank

THE Economic empowerment board has threatened to shut down British-owned Standard Chartered bank and three mining companies until they comply with the country's indigenisation laws.According to sta...

By Staff reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe resumes daily flights to Vic Falls, Byo and Joburg

Air Zimbabwe has resumed daily flights to Victoria Falls, Bulawayo and Johannesburg to cater for the increasing demand on these routes, particularly as the Zimbabwe International Trade Fair approach...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

ZSE pushes for more reforms on the local bourse

ZIMBABWE Stock Exchange-listed companies may be forced to make more disclosures or republish their financial results for the just ended reporting season as the equities market regulator pushes for m...

By Business reporter | Published: 10 June 2013

EUROPE

Boeing completes 787 Dreamliner jet test flight

On Friday Boeing completed a test flight of its 787 Dreamliner jet, part of a regimen of tests aimed at certifying a reworked system to prevent fire or overheating of the plane's lithium-ion batteri...

By Staff Reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecel risk losing its Zimbabwe operating licence

Government says Telecel Zimbabwe risks losing its operating licence if it fails to comply with the Indigenisation and Economic Empowerment Act.As the mobile operator's saga unfolds, government thro...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials scratches out modest gains at week's end

ZSE's Industrials managed modest gains at week's end as gains in Delta and Innscor outweighed losses in Econet and Hippo while Minings were back in the red on Falgold's lower offer.The Industrials I...

By Business reporter | Published: 10 June 2013

ASIA PACIFIC

World's largest maker of fuel from coal mulls selling Papua New Guinea assets

SASOL, the world's largest maker of fuel from coal, is considering the sale of its gas assets in the island-state of Papua New Guinea."Sasol is considering divesting from Papua New Guinea," Alex An...

By Staff Reporter | Published: 10 June 2013

FINANCIAL SERVICES

Trust Bank to merge with Allied Bank

Trust Bank is in talks with Allied Bank, owned by Mines minister Obert Mpofu, over a potential partnership to enable the 2 financial institutions to meet the RBZ's first minimum capital requirements...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecoms tariff hike looms in Zimbabwe

TELECOMMUNICATIONS tariff increases across the board loom after government announced plans to increase licence fees for operators with effect from June this year.Finance minister Tendai Biti announ...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Banks ripping off customers

AS the corporate reporting season for the financial year ended December 31 2012 draws to an end, the spotlight has been firmly focused on Zimbabwe's banks, with analysts saying the recently-publishe...

By Staff reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Dairibord to import at least 250 heifers

DAIRIBORD Zimbabwe is targeting to import at least 250 heifers this year for distribution to farmers as part of efforts to increase milk production in the country.Dairibord introduced the scheme las...

By Staff reporter | Published: 10 June 2013

POLITICS

Telecel leadership squabbles, AAG slams government

The Affirmative Action Group (AGG) has raised concern over failure by government to intervene in the Telecel leadership squabbles and the mobile operator's deliberate disregard of the country's indi...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

No Zim Dollar in the near future, says Mashakada

Minister of Economic Planning and Investment Promotion Dr Tapiwa Mashakada has assured possible investors over continued use of the multi-currency system at least until 2016.Mashakada allayed fears ...

By Business reporter | Published: 10 June 2013

POLITICS

Zimbabwe is not a Chinese colony, says Chimanikire

Zimbabwe is not being colonised by the Chinese as many would like to believe, deputy mines minister Gift Chimanikire told a Zimbabwe investment conference in Boksburg South Africa."The Chinese came ...

By Staff reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials advances on gains in selected heavyweights

Industrials stayed in the positive territory on Thursday sustained by gains in selected heavyweights while inactivity in the resources sector saw the Minings Index dosing unchanged.The Industrials i...

By Business reporter | Published: 10 June 2013

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