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ZSE TODAY

ZSE shares little changed after Independence holiday

ZSE shares were little changed on Friday with the 10 counters that managed gains failing to inspire Industrials, closing a modest 0.01% in the red after giving in to losses in just 4 counters after ...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

New Dawn increase gold production from its five mines

CANADA based gold miner New Dawn Mining on Thursday said it has produced 2% more gold from its five mines quarter-on-quarter in the first quarter ended March 31.The junior produced 9,253 oz in the p...

By Business reporter | Published: 10 June 2013

TRADE & INDUSTRY

16 countries to participate at Zimbabwe International Trade Fair

SIXTEEN countries will participate at this year's Zimbabwe International Trade Fair with Ghana coming in as a new entrant.The trade fair runs from  23 to 27 April at the Zimbabwe International...

By Staff Reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Datlabs losses Ingrams' Camphor Cream licence

TIGER Brand of South Africa has cancelled an arrangement under which Datlabs (Private) Limited Zimbabwe's pharmaceuticals and personal care products manufacturer and Bulawayo firm had manufactured t...

By Business reporter | Published: 10 June 2013

AFRICA

Egyptair resumes Zimbabwe flights

Egypt's national carrier, Egyptair, resumes flights between Harare and Cairo in June after a nine year absence,  and is offering a 20 percent discount on ticket purchases between April 8 to 30 ...

By Business Reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Delta Beverages launches Chibuku Super

DELTA Corporation, Zimbabwe's largest company in terms of market capitalisation, has moved in to further entrench its blue chip status by announcing the launch of a new beverage. According to the li...

By Business Reporter | Published: 10 June 2013

MINING & RETAIL

Murowa Mine's diamond production decreases

PRODUCTION at Murowa Diamond Mine has decreased from 98 000 produced during the first quarter to 79 000 carats, the parent company Rio Tinto has said.The mine's first quarter output was however high...

By Staff reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials recovers in hushed trades ahead of Independence holiday

Industrials recovered on Wednesday after hushed trades where only 8 counters managed gains against 4 that traded lower with most heavyweight counters trading unchanged from previous levels ahead of ...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

ZimFund launches infrastructure development project

The Zimbabwe Multi-Donor Trust Fund (ZimFund) has implemented the first phase of its $29.65 million Urgent Water Supply and Sanitation Rehabilitation Project (UWSSRP), which will see developments in...

By Staff reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe ventures into chicken business

The poultry business had become so lucrative at the height of the country's economic crisis that Air Zimbabwe and the Civil Aviation Authority decided to get into the business and fly out day-old ch...

By The Poultry Site News Desk | Published: 10 June 2013

ZIMBABWE

Biti released disbursements totalling over $51,5 million in 3 months

Tendai Biti, the Minister of Finance, has made capital disbursements totalling over US$51, 5 million to various critical sectors over the past three months.In his Treasury State of the Economy Rep...

By Ndou Paul | Published: 10 June 2013

POLITICS

'Zimplats objection not an issue' says govt

Government says the decision by Zimplats to lodge an objection on the compulsory acquisition of excess reserves from the firm will not deter the country from ensuring that it exploits the vast plati...

By Staff Reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials stutters as key blue chips weaken

Industrials stuttered on Tuesday after giving in to losses in heavyweights Econet, Innscor and OK Zimbabwe while Delta closed unchanged after publishing a full year trading update.Minings however ma...

By Business reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Delta Beverages revenue grows by 14%

Delta publishes full year trading update saying total beverage volumes closed the year flat on prior year as the growth in Lager beer, sparkling beverages and maheu was offset by the decline in sorg...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Zim government misses revenue target

ZIMBABWE missed its revenue target for the first quarter of the year, as Government warns this year's economic growth forecast may not be achieved.Finance Minister Tendai Biti said yesterday, in an ...

By Business Reporter | Published: 10 June 2013

ZIMBABWE

Zimbabwe's annual inflation rate drops

ZIMBABWE'S annual rate of inflation shed 0,22 percentage points on the February figure of 2,98 percent to 2,76 percent in March, the Zimbabwe National Statistics Agency has said.This means prices, a...

By Business Reporter | Published: 10 June 2013

ZIMBABWE

Gold plummets to its lowest level in more than two years

The price of gold is plummeting to its lowest level in more than two years.The gold spot price fell as much as 6% on Monday‚ hurting gold stocks which tumbled in excess of 10% to fresh multi-year ...

By AP | Published: 10 June 2013

BUSINESS NEWS

Imara expects big turnout at Zimbabwe investor conference

A large turnout of foreign delegates is expected to descend on the Zimbabwean capital of Harare for Imara's annual investor conference on June 3 and 4 as the event occurs on the probable run-in to t...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Innscor sustains Industrials at week's opening

Gains in Innscor helped the Industrials manage modest gains on Monday as telecoms blue chip Econet continues to falter.The Industrials Index ended a marginal 0.11 points or 0.06% up at 188.43 as ga...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

RioZim projects revenues of $185 million

RioZim expect revenues of $185 million in the year 2013 compared with $72 million last year whilst EBITDA is expected to be at $23 million compared with $7 million in 2012, group CEO Ashton Ndlovu t...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Powertel billing system to be ready by July

INTERNET provider PowerTel says it will start billing customers for the actual data accessed in July when the new billing system that was acquired last month has undergone the necessary tests to mak...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet to remain dominant in Zim telecoms sector

FINANCIAL and equity analysts, IH Securities, believe Econet Wireless will remain the dominant company in the telecommunications sector, despite seemingly losing about 9,3 percent of the market sha...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE shares rebound as heavyweights trade mixed at week's end

ZSE's heavily capitalised counters traded mixed on Friday with gains in Delta, Natfoods and OK Zimbabwe prevailing over losses in Econet and Innscor helping the indices to close in the positive terr...

By Business reporter | Published: 10 June 2013

POLITICS

Infighting rocks Zimplats Community Share Ownership Trust

Development projects for the Mhondoro-Ngezi-Chegutu-Zvimba community share ownership trust are in limbo due to infighting among the 12 chiefs and other trustees of the three districts covered by the...

By Staff reporter | Published: 10 June 2013

POLITICS

Kasukuwere not backing down on StanChart indigenisation

THE National Indigenisation and Economic Empowerment Board has written to Standard Chartered Bank Zimbabwe threatening to revoke its licence if the British-owned bank does not comply with the countr...

By Staff reporter | Published: 10 June 2013

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