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ZIMBABWE

Commodity exchange on the cards

The country's fiscal authorities say they are finalising the setting up of the Commodities Exchange of Zimbabwe, which is expected to assist in the mobilisation of financial resources and ensuring p...

By Staff reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Edgars profits rise to $3.79 million

CLOTHING retailer Edgars Stores Limited posted a profit of $3,79 million for the 52 weeks ending January 5 2013, due to the aggressive account drive, an official from the company has said.Last year ...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE: Industrials continues to slide as activity improves

ZSE's mainstream Industrials continued to fall in midweek trades but activity improved across the board with a total of 43 counters recording trades out of the active 69 compared with just 29 that tr...

By Business reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

TSL in 'good shape' and expecting to deliver growth in F13

TSL is in a good shape and expects to begin to build on platforms it has established, CEO Washington Matsaira told the AGM.Purchases of contract tobacco at TSL Classic have commenced and the unit was...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Pastel launches its cloud based accounting programme for SMEs

Pastel Software Zimbabwe, in partnership with Utande, on Tuesday launched Sage Pastel My Business Online, a cloud based accounting programme designed for start-up and small businesses that enables th...

By Chengetai Chinembiri | Published: 10 June 2013

MINING & RETAIL

Chrome export ban to go

Government is planning to temporarily lift the ban on chrome ore exports and introduce a value addition levy on all exports to raise money for the expansion of the country's smelting capacity. Deput...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Mobile licence fees raised

The ministry of Transport will from June 30 2013, issue new 15 year licences under a Converged Licencing Framework at a fee of $180 million.Under the current framework, operators are only allowed t...

By Staff reporter | Published: 10 June 2013

ZSE TODAY

ZSE Market report:- Industrials wallows in the red

ZSE's Industrials stayed in the red on Tuesday after an uninspiring session where only 4 counters managed gains against 6 that traded lower while 19 remained unchanged from previous levels.There wer...

By Business reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Powerspeed slows down sales to non-retail customers

Powerspeed has slowed down their sales to non-retail customers because of slow payments and the company now eyes further retail expansion, MD Hilton Macklin told the AGM this morning. "The pr...

By Business reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe surpasses revenue target

Zimbabwe surpassed its revenue target for February this year, after collecting $278 million against a target of $250 million as government seeks to consolidate efforts to raise funds for capital and...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

NRZ workers go on strike, protest over salaries

National Railways of Zimbabwe (NRZ) train operators yesterday went on strike in protest over management's failure to pay their salaries. The 450 workers claimed they have not been paid over the...

By Staff reporter | Published: 10 June 2013

LANDS & AGRICULTURE

CSC to breed 14 000 cows and 360 bulls

The Cold Storage Company will soon embark on a project to breed 14 000 cows and 360 bulls at its ranches countrywide, a Cabinet minister has said.In a report presented before a Parliamentary Portfol...

By Staff Reporter | Published: 10 June 2013

ZSE TODAY

ZSE shares stutter at week's opening as Zimplow new shares commence trading

ZSE shares faltered in Monday morning trades as Zimplow Holdings new shares commenced trading on the ZSE.Zimplow Holdings shares added 1c to 4.5c on a volume of 1 136 353 shares. This follows the is...

By Business reporter | Published: 10 June 2013

ZIMBABWE

Zimplow's new shares commence trading on the ZSE

Zimplow Holdings new shares commenced trading on the ZSE this morning with about 1.136 million shares changing hands at 4.5c, a premium of 28.57% on the last trading price of 3.5c. Finance min...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Telecel introduces Broadband Plus with 100% bonus data

Telecel is now giving subscribers double the data they pay for when they buy data bundles worth $10 or more. It is also giving away 300 Mb of data and 30 text messages with its dongle, which now co...

By Matthews Estell | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet donates 4 700 solar lamps to charities

Econet Wireless last week donated 4 700 solar lamps to various charities to help alleviate the current electricity shortages affecting the country.Speaking at the handover ceremony of the lamps in H...

By staff Reporter | Published: 10 June 2013

ENTREPRENEURS

Dhlomo penetrating media world across SADC region

Female Zimbabwean politicians are still disadvantaged, female journalists fewer than males, but female publishers? Almost totally unheard of!Minenhle Dhlomo seeks to change all that and has already...

By Mxolisi Ncube | Published: 10 June 2013

BUSINESS NEWS

Chinese investors keen to partner with NRZ

The National Railways of Zimbabwe says a number of Chinese investors are keen to partner the parastatal to restore its operational viability.NRZ General Manager Retired Air Commodore Mike Karakadzai...

By Staff Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe to acquire new aircraft from Brazilian company

STRUGGLING national airline Air Zimbabwe plans to acquire two new Embraer aircraft to service its domestic and regional routes as it seeks to turn around its fortunes, well-placed sources said this ...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE Market Report:- Industrials rebounds at week's end

ZSE's Industrials were back in the positive territory on Friday after gains in Delta managed to cancel out losses in Econet and Innscor.The Industrials Index added 1.11 points or 0.58% to 190.96 whi...

By Business reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Zimplow targets $100 million turnover by 2015

Zimplow Holdings Limited is targeting $100 million turnover by 2015 amid negotiations by the group with some financiers to provide tractors and other implements on an asset based finance scheme, gr...

By Business reporter | Published: 10 June 2013

TECHNOLOGY

Pay4App allows you to buy airtime and more online with EcoCash

Ever had your Africom data bundle run dry at midnight? That's an example of the problems Pay4App, a local online shopping service, solves. Launched last year the website allows people to buy Africom...

By Sam | Published: 10 June 2013

FINANCIAL SERVICES

Standard Chartered Bank committed to Bulawayo industry revival

STANDARD Chartered Bank Zimbabwe is committed to supporting the revival of industries in Bulawayo and will continue facilitating the development and growth of the economy, the bank's chairman, Mr Sa...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

7 blacklisted water bottling firms named

THE Standards Association of Zimbabwe has named seven water bottling firms that it blacklisted over failure to comply with regulatory requirements.The firms are: Datlife, Century Ice, Chillfuff, Ble...

By Staff reporter | Published: 10 June 2013

FINANCIAL SERVICES

Standard Bank says wants to keep majority of Stanbic

South Africa's Standard Bank wants to keep a majority stake in its Zimbabwean unit, its new joint chief executive said on Thursday, despite Harare's demand to hand control to local blacks.Zimbabwe i...

By Business reporter | Published: 10 June 2013

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