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ABC | Reviewed results for HY ended 30 Jun 13

ABC | Reviewed results for HY ended 30 Jun 13Financial Highlights:- Currency: BWP- Total income: 701 326 000- Net income from operations: 171 949 000- Profit before tax: 169 123 000- Profit for the pe...

By ABC | Published: 14 August 2013

LATEST PUBLISHED REPORTS

CBZ | Unaudited results for HY ended 30 Jun 13

Financial Highlights:- Net interest income: $ 43 924 869- Total income: $ 69 189 293- Operating income: $ 27 095 210- Profit before taxation: $ 20 301 627- Profit for the half year after tax: $ 15 963...

By CBZ | Published: 14 August 2013

MINING & RETAIL

Blanket mine output to exceed target

CALEDONIA Mining Corporation, which is listed on the Toronto Stock Exchange, expects Blanket Mine to exceed targeted annual gold output by 10 percent after production in the second quarter came in ah...

By Business reporter | Published: 14 August 2013

LANDS & AGRICULTURE

Agritex, Tobacco Research Board to collaborate

The Tobacco Research Board has engaged Agritex in training farmers on the important aspects of tobacco production.This is meant to improve the quality of the tobacco produced by farmers so that it sui...

By Business reporter | Published: 14 August 2013

BancABC share unmoved by bank's performance

DESPITE reporting strong interims for the period ending June 30 and bright future prospects, ABC Holdings' performance has not been reflected by the company's shares, analysts have said.Analysts who s...

By Business reporter | Published: 14 August 2013

ZIMBABWE

Informal sector in depression

BULAWAYO'S informal sector is singing the blues, as business continues to be depressed, largely due to cut-throat competition and a cash squeeze in the second largest city.In interviews, informal trad...

By Staff reporter | Published: 14 August 2013

BUSINESS NEWS

Zimra launches blitz against defaulters

THE Zimbabwe Revenue Authority (Zimra) has launched a blitz against businesses and individuals owing the revenue authority.Zimra has highlighted concerns of late submission of returns and a growing li...

By Staff reporter | Published: 14 August 2013

ZIMBABWE

Construction, agric sectors fail to attract investment

THE construction and agriculture industries are at the deep end after failing to attract any foreign direct investments (FDI) in the six months ended June, as potential suitors continue to shun the se...

By Business reporter | Published: 14 August 2013

BUSINESS NEWS

Skewed government policies restrain capital inflows

Uncertainty over government policies will continue to deter capital inflows needed to revive the economy despite Zimbabwe offering an array of investment opportunities, international experts have said...

By Business reporter | Published: 14 August 2013

ZSE TODAY

ZSE shares wallow in negative territory

ZSE shares remained in the red at the start of the holiday shortened week on Wednesday with heavyweight counters losing considerable ground.There were significant losses across all sectors on the boar...

By Business reporter | Published: 14 August 2013

BUSINESS NEWS

Chopper company fully booked ahead of UNWTO

THE Zambezi Helicopter Company, which offers flights over the falls, is fully booked ahead of the United Nations World Tourism Organisation (UNWTO) general assembly in Victoria Falls, an official said...

By Business reporter | Published: 14 August 2013

BUSINESS NEWS

Delegates book, register for UNWTO

At least 63 country delegations have made bookings in Victoria Falls as preparations for the United Nations World Tourism Organisation General Assembly enters the home stretch. Zimbabwe and Zambia are...

By Business reporter | Published: 14 August 2013

MINING & RETAIL

Russian firm buys into Zimbabwe platinum field

A group of companies which includes state-owned Rostec and Vneshekonombank is buying a 40% stake in a project to develop the world's second largest platinum field in Zimbabwe. The consortium will inv...

By Business reporter | Published: 14 August 2013

POLITICS

Uncertainty haunts Zimbabwe

As the country races towards year-end, the aftermath of Zanu-PF's heavily-contested election victory has brought uncertainty on a stuttering economy and could have a negative impact on millions of Zim...

By Business reporter | Published: 14 August 2013

BUSINESS NEWS

Zimbabwe Timber sales grow

Zimbabwe's national timber sales volumes surged 44.5% to 267 888 cubic metres for the year ended December 2012 due to increased demand in both local and export sales, latest industry statistics show. ...

By Business reporter | Published: 14 August 2013

BUSINESS NEWS

CBZ holds on to Caps head office

CBZ Bank is holding on to Caps Holdings head office after it emerged that last month's auction of the attached property was reversed. CBZ Holdings group chief executive officer John Mangudya last week...

By Business reporter | Published: 14 August 2013

MINING & RETAIL

Zim denies signing secret uranium deal

 Mines Minister Obert Mpofu on Saturday denied reports in a British newspaper that it had signed a secret uranium trade deal with Iran. The Times of London had reported quoting deputy minister Gi...

By Business reporter | Published: 14 August 2013

MINING & RETAIL

Bindura Nickel Corp capital hunt on course

Bindura Nickel Corporation has said its plans to raise a $5 million debt funding to finance Trojan Mine are on course despite liquidity constraints on the market.The mining concern in a statement yest...

By Business reporter | Published: 14 August 2013

ZIMBABWE

Zimbabwe needs foreign direct investment, says Gono

Gideon Gono said the country requires foreign direct investment (FDI) to solve the liquidity crisis and should not be seen as attacking the owners of capital.He said the only way to solve the crisis i...

By Business reporter | Published: 14 August 2013

INDUSTRIALS & ENERGY

Chisumbanje ethanol plant gets licence

Chisumbanje Ethanol Project received the ethanol production licence that will provide off take in production.Basil Nyabadza, Arda board chairman said that Zera issued the licence early last week and t...

By Business reporter | Published: 14 August 2013

ZIMBABWE

Zimbabwe economy remains depressed, says AfDB

The African Development Bank said Zimbabwe's economic growth is likely to be depressed with its real GDP projected to be less than $7 billion even though the country continues to record positive growt...

By Business reporter | Published: 14 August 2013

POLITICS

Black empowerment tops Mugabe's agenda

President Robert Mugabe says his party won "a resounding mandate" from voters to complete a sweeping black empowerment programme to take over foreign and white-owned assets.Mugabe said on Tuesday the ...

By AP | Published: 13 August 2013

BUSINESS NEWS

Investor Protection Fund increase to $5,7m

The Securities Commission of Zimbabwe (SECZ) Investor Protection Fund has increased to $5,7 million from $3 million due to restoration of confidence in the capital markets.The funds which are aimed at...

By Business reporter | Published: 13 August 2013

BUSINESS NEWS

Zimra sets income tax returns deadline

THE Zimbabwe Revenue Authority (Zimra) has set September 30 as the deadline for the submission of income tax returns for individuals and companies for the year-ended December 2012.Income tax is the am...

By Business reporter | Published: 13 August 2013

POLITICS

ZCTU warns of retrenchments

THE Zimbabwe Congress of Trade Unions (ZCTU) has warned of more retrenchments as the country does not have investor-friendly policies.ZCTU president George Nkiwane last week told NewsDay Business that...

By Business reporter | Published: 13 August 2013

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