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ZIMBABWE

ZSE weekly round up

The industrial index went down yesterday by 0.42 points to close at 182.17 points. There were five shakers and 10 movers; a significant move from the previous one move of Wednesday.The top risers incl...

By Staff reporter | Published: 30 August 2013

TRANSPORT & TOURISM

Hospitality Association hails UNWTO indaba for boosting business

The Hospitality Association of Zimbabwe (HAZ) today said business was brisk during the United Nations World Tourism Organisation (UNWTO) general assembly with hotels recording above 90 percent occupan...

By Staff reporter | Published: 30 August 2013

FINANCIAL SERVICES

Human capital skills a key focus area for NicozDiamond

From their presentation at the analyst briefing after announcing their half year results NicozDiamond managing director, Mrs Grace Muradzikwa said that retaining human capital skills was one of their ...

By Staff reporter | Published: 30 August 2013

BUSINESS NEWS

Zimbabwe to receive above normal rainfall

Zimbabwe will receive normal to above normal rainfall for the 2013/2014 farming season, signalling a good farming season, regional climate experts have said.This was said yesterday at the close of the...

By Staff reporter | Published: 30 August 2013

ZIMBABWE

'Agriculture key to Zim economic growth,' says Mugabe

President Mugabe today said the agriculture sector will be key to the economic growth of the country.Officially opening this year's Harare Agricultural Show, President Mugabe said that this was becaus...

By Staff reporter | Published: 30 August 2013

MINING & RETAIL

Mwana Africa executives take 50% pay cut

MWANA Africa Plc executives have agreed to a 50 percent pay cut as the pan-African multi-commodity mining company bids for $5 million in annual savings.The Alternative Investment Market listed mining ...

By Staff reporter | Published: 30 August 2013

ZSE TODAY

ZSE shares end week back in the red

ZSE shares ended the week back in the red as both indices continued to swing ahead of the opening of the 8th Parliament next Tuesday to pave way for the appointment of CabinetThe Industrials Index eas...

By Business reporter | Published: 30 August 2013

FINANCIAL SERVICES

NMB Bank exploring opportunities in the low LSM

NMB Bank Chief Executive James Mushore told an analyst briefing yesterday that his bank is going to explore growth opportunities in other market segments saying the journey might lead them to opportu...

By Business reporter | Published: 30 August 2013

LANDS & AGRICULTURE

SeedCo optimistic about the coming agric season

SeedCo Chief Executive Morgan Nzwere told the AGM yesterday that SeedCo is optimistic about the forthcoming agriculture season as they expect the new government to pursue pro-agriculture policies.&nbs...

By Business reporter | Published: 30 August 2013

LATEST PUBLISHED REPORTS

NMB | Unaudited results for HY ended 30 Jun 13

Financial Highlights:- Net interest income: $ 9 488 623- Net operating income: $ 18 507 570- Profit before taxation: $ 3 812 214- Profit for the period: $ 2 672 911- Dividend: Nil- Total Comprehensive...

By NMB | Published: 30 August 2013

FINANCIAL SERVICES

POSB reports a loss

THE People's Own Savings Bank (POSB) recorded a loss of $131 000 in operating profit in the first half of the year partly due to a drop in non- interest income and a decline in revenue reserves.Accor...

By Business reporter | Published: 30 August 2013

INDUSTRIALS & ENERGY

Zeco reports a $1.3 million loss

THE troubled Zimbabwe Engineering Company (Zeco) which is linked to flamboyant businessman Philip Chiyangwa recorded a depressing set of results for the financial year ended 2013. The depressing set ...

By Business reporter | Published: 30 August 2013

MINING & RETAIL

Meikles mulls acquiring gold, diamond mines

Meikles Centar Mining has cast acquisitive glances at Zimbabwe mining assets amid indications the company is planning to make a grand entrance onto the country's mining scene. A well-placed source sai...

By Business reporter | Published: 30 August 2013

FINANCIAL SERVICES

Stanbic profit up 23%

Earnings for the 6 months to June for Stanbic Bank - a member of South Africa-headquartered Standard Bank - were up 23% to $8 million driven by growth in net interest income. Fee and commission income...

By Business reporter | Published: 30 August 2013

FINANCIAL SERVICES

NMB Bank warns on bills scrapping

NMB chief executive officer James Mushore has warned that the cancellation of domestic consumer debts owed to local authorities and plans to write off more utility bills may worsen the liquidity crisi...

By Business reporter | Published: 30 August 2013

FINANCIAL SERVICES

MasterCard and Standard Bank Group Sign Agreement

JOHANNESBURG, South-Africa - Ann Cairns, President of International Markets, MasterCard, with Peter Schlebusch, Group Executive, Standard Bank Group as they celebrate the signing of an agreement stren...

By APO | Published: 30 August 2013

EUROPE

Vodafone says in talks on sale of Verizon Wireless stake

LONDON - Mobile phone giant Vodafone said on Thursday that it is in talks with US telecoms operator Verizon on a possible sale of its stake in Verizon Wireless said to be worth more than $100 billion....

By AFP | Published: 29 August 2013

FINANCIAL SERVICES

CABS posts solid growth

THE Central African Building Society has remained on a solid growth path after net surplus in the interim to June 2013 rose 11 percent to $10,6 million driven by increases in both interest and non-int...

By Business reporter | Published: 29 August 2013

ZIMBABWE

No benefit from rand depreciation for Zimbabweans

ZIMBABWEAN consumers have not benefited from the rand fall against the US dollar as prices of goods and services remained largely unchanged despite the South African currency plunging 20 percent ag...

By Business reporter | Published: 29 August 2013

OPINION

Gender equality for all

It seems that everything this August has taken on a bit of the flavour of Women's Month and we at Regenesys are no less prepared to allow the occasion to pass by unnoticed. But we have a slightly diff...

By Regenesys | Published: 29 August 2013

ZSE TODAY

ZSE Industrials falters again

ZSE's Industrials faltered again on Thursday in largely mixed trades while Minings recovered to close in the positive territory on Falgold's resurgence.The mainstream Industrials Index eased 0.42 poin...

By Business reporter | Published: 29 August 2013

ZIMBABWE

ZSE presses ahead with plans to automate

The Zimbabwe Stock Exchange is pressing ahead with its plans to put in place an automated trading system to go live in the first quarter of 2014, said ZSE CE Alban Chirume. "This week the exchang...

By Staff reporter | Published: 29 August 2013

INDUSTRIALS & ENERGY

Cheap sugar imports impacts on Star Africa sales volumes

Gold Star sugar volumes were adversely affected by cheap imports which are dumped into the market, Star Africa's CEO Sam Mushiri told an AGM today. Mushiri noted that there is now an understanding wit...

By Business reporter | Published: 29 August 2013

JOBS

VACANCIES - Tobacco Processors Zimbabwe

Tobacco Processors Zimbabwe (Pvt) Limited, a leading tobacco processing company has two vacancies In the Safety, Health and Environ mental Department (SHE)1. SAFETY OFFICER GRADE 32Overall Responsibil...

By Tobacco Processors Zimbabwe | Published: 29 August 2013

JOBS

VACANCIES - Advertising Agency

ADVERTISING AGENCYAn advertising consultancy is experiencing favour by being retained by clients to manage their marketing communication projects. It is against this background that we seek the profes...

By Advertising Agency | Published: 29 August 2013

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