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INDUSTRIALS & ENERGY

Zera procures fuel quality testing machine

The Zimbabwe Energy Regulatory Authority has spent $400 000 on a new fuel quality testing mobile laboratory to protect consumers from substandard products after the introduction of mandatory blending ...

By Staff reporter | Published: 03 September 2013

ZIMBABWE

SEC working on modalities to protect minority shareholders

Securities Commission of Zimbabwe chairperson Willia Bonyongwe yesterday said modalities to protect the interests of minority shareholders were underway to ensure fairness. Speaking at a Press confere...

By Staff reporter | Published: 03 September 2013

ZIMBABWE

ZSE reviews listing rules

The Zimbabwe Stock Exchange is expected to complete the process of reviewing its listing rules by November this year, the Securities Commission of Zimbabwe has said. SECZ chief executive Tafadzwa Chin...

By Staff reporter | Published: 03 September 2013

BUSINESS NEWS

Tea production falls

Tea production in Honde Valley is under threat as many farmers are switching to the highly lucrative banana production. The farmers feel that tea is now fetching low prices on the market. A kilogramme...

By Staff reporter | Published: 03 September 2013

BUSINESS NEWS

Govt to set up tourism development committees

Government has announced plans to set up provincial tourism development committees throughout the country that will spearhead an aggressive tourism promotion drive as part of efforts to revive the sec...

By Staff reporter | Published: 03 September 2013

TELECOMS & TECHNOLOGY

NetOne slashes mobile broadband dongle price

NetOne, Zimbabwe's third largest mobile operator, last week announced via adverts in the press the reduction of its 3G broadband dongle from the previous $50 to $35. The announcement comes a whole 6 m...

By Staff reporter | Published: 02 September 2013

ECONOMC INDICATORS

Nonbank Financial intermediaries loan penetration increase

According to the 2012 Financial Access report, there has been a growing importance of Nonbank Financial Intermediaries (NBFI) showing that NBFIs are playing an important role in deposit and loan pene...

By Business reporter | Published: 02 September 2013

FINANCIAL SERVICES

SA based group to set up investment bank in Zimbabwe

South African based company JM Busha Investments plans to set up an investment bank in the country.Group managing director Mr Joseph Makamba Busha told New Ziana that the company would be engaging rel...

By Business reporter | Published: 02 September 2013

ZSE TODAY

ZSE Industrials stays in the negative territory

There was not a single counter to trade in the positive territory during Monday's dull trading session where 4 counters closed in the red out of only 9 that recorded trades.The Industrials Index eased...

By Business reporter | Published: 02 September 2013

FINANCIAL SERVICES

Old Mutual profits jumps 82%

OLD MUTUAL Investment Group Zimbabwe has recorded an 82% increase in after-tax profit to $1,4 million for the six months ended June 30 2013 compared to $763 000 during the comparative period last year...

By Staff reporter | Published: 02 September 2013

BUSINESS NEWS

Bulawayo textiles sector collapses

MORE than 10 big companies in the clothing industry in Bulawayo have closed shop in the last few years, as challenges affecting the sector continue unabated, the National Union of the Clothing Industr...

By Staff reporter | Published: 02 September 2013

POLITICS

MDC-T to reject Cabinet posts

Morgan Tsvangirai's MDC said yesterday President Mugabe had not offered his party posts sin the cabinet and that if he did, the MDC would reject them.Mugabe is to begin forming a Cabinet this week an...

By Staff reporter | Published: 02 September 2013

POLITICS

Cabinet appointments likely this week

President Mugabe has proclaimed September 3 as the date for the swearing in of newly-elected Members of Parliament and September 17 for the first sitting of the Eighth Parliament, paving way for the...

By Staff reporter | Published: 02 September 2013

BUSINESS NEWS

Government urged to fund CSC restocking efforts

The Cold Storage Company has expressed hope that the new government will avail funds to support its restocking exercises in order to boost the country’s herd and resume exports. Ngoni Chinogaramombe...

By Staff reporter | Published: 02 September 2013

INDUSTRIALS & ENERGY

AICO Africa issues a profit warning

Shareholders are advised that the level of production in cotton this year was much lower than prior years consequently the company will post a loss for the year to 31 March 2014 that is substantially...

By Staff reporter | Published: 02 September 2013

POLITICS

Mugabe fumes over unproductive farmers

President Mugabe on Friday took a swipe at unproductive new farmers, whom he alleged were using outdated farming techniques.Officially opening the Harare Agricultural Show, Mugabe slammed resettled fa...

By Staff reporter | Published: 02 September 2013

POLITICS

Brand Zimbabwe flag flying

The outgoing Minister of Tourism and Hospitality Industry, Walter Mzembi, has said "Brand Zimbabwe is flying" after the just-ended 20th session of the United Nations World Tourism Organisation that th...

By Staff reporter | Published: 02 September 2013

FINANCIAL SERVICES

Dr Nkosana Moyo appointed director at Old Mutual Plc

Old Mutual plc has announced that Dr Nkosana Moyo has agreed to join its Board as an independent non-executive director with effect from 1 September 2013. He will also become a member of the Board Ri...

By Staff reporter | Published: 02 September 2013

ZIMBABWE

Zimbabwe gold output depressed

Zimbabwe's gold production slumped 8,64 percent in June 2013 as the sector remains under pressure from falling price of the yellow metal.Gold prices plummeted to $1, 198 per ounce as at June 7, the l...

By Staff reporter | Published: 02 September 2013

LANDS & AGRICULTURE

BAT named top southern African employer

British American Tobacco has been certified as a top employer in southern Africa by the Top Employers Institute. Based on independent research, the Top Employers Institute said British American Tobacc...

By Staff reporter | Published: 02 September 2013

BUSINESS NEWS

Companies get 14 day ultimatum

The National Indigenisation and Economic Empowerment Board has issued a 14-day ultimatum to about 100 companies to apply for certification or face being classified as non-compliant with the Indigenisa...

By Staff reporter | Published: 02 September 2013

ZIMBABWE

Zimbabwe to lead diamond producers - report

Zimbabwe has the potential to become the world's top diamond producer should the gems be sold on an open market, a Canadian firm has reported.In its commentary on the diamonds sector, Kitco, a company...

By Business reporter | Published: 02 September 2013

MINING & RETAIL

New Dawn shuts down Dalny mine in Zimbabwe

New Dawn Mining Corp announced that Falcon Gold Zimbabwe Limited, has shut down its 100% owned Dalny Mine located in Kadoma effective as of August 30, 2013.The Dalny Mine produced 1,949 ounces of gol...

By Business reporter | Published: 30 August 2013

BUSINESS NEWS

Liquidity crunch affecting retrenchment packages

Zimbabwean employers have been pressured by different negative factors in the economy to retrench in order to keep their companies operational.The major challenge that companies have been facing is of...

By Business reporter | Published: 30 August 2013

ECONOMC INDICATORS

Inflation continues to decline

The country has been recording low levels of inflation and this has been a good sign of stability in the economy.For most sectors such as property the stability of inflation gives the advantage of ...

By Business reporter | Published: 30 August 2013

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