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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

TELECOMS & TECHNOLOGY

Econet to open an outlet in SA's Hillbrow

ECONET Wireless Zimbabwe is to extend its footprint into South Africa, with plans to open a new shop in Johannesburg to serve its Zimbabwean clients, BusinessDay reported.Econet's first shop in Sout...

By Staff reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Delta, Innscor snap Industrials' 4-day rising streak

A raft of selling pressure in Econet and market reaction to Innscor's below expectations December interims saw the Industrials snap its 4-consecutive day rising streak in Thursday's trades.The Indus...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Zimplats will not abandon its operations in the country

ALEX Mhembere, CEO of Impala Platinum's (Implats') unit in Zimbabwe says Zimplats will not abandon its operations in the country despite the fresh waves of uncertainty the company is facing.Mhember...

By miningmx | Published: 10 June 2013

FINANCIAL SERVICES

Stanchart opens another branch in Bulawayo

Standard Chartered Bank has added a second branch in Bulawayo with officials saying the financial institution is playing its role in the industrial revival of the city. The bank plans to invest $10...

By Staff reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

PPC secures $200m for its second plant in Zimbabwe

PPC Zimbabwe, the country's largest cement producer, says it has secured US$200 million to build a second plant in Mount Darwin. Chief executive Mr Zak Limbada said drilling was in full swing and wo...

By Business Reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Obert Mpofu's bank embarks on housing project

At least 1 500 low-income earners are set to benefit from residential stands that will be launched by the Allied Bank in conjunction with the Zimbabwe Amalgamated Housing Assocation in Norton on Sat...

By Business Reporter | Published: 10 June 2013

MINING & RETAIL

Govt working on new mining laws

GOVERNMENT is working on new regulations that will force mining companies to add value to their minerals before export. Failure to heed the new orders will attract high royalty fees. Mines and Minin...

By Staff Reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials breaks the 190 mark as volumes surge

ZSE volumes improved on Wednesday spurred by significant trades in Delta and Econet as Industrials surpassed the 190.00 mark for the first time after rising for the 4th consecutive session.The Indus...

By Business reporter | Published: 10 June 2013

TECHNOLOGY

Pastel, Utande introduce a joint cloud accounting package

Two of Zimbabwe's leading technology companies have entered into a partnership to bring online cloud-based accounting for small businesses to Zimbabwean entrepreneurs.Pastel Software Zimbabwe, the c...

By Chengetai Chinembiri | Published: 10 June 2013

BUSINESS NEWS

11 out of 30 brands of bottled water registered

ONLY 11 out of 30 different brands of bottled water sold in the country were registered with the Standards Association of Zimbabwe (SAZ) after meeting the minimum standards required for drinking wat...

By Staff Reporter | Published: 10 June 2013

MINING & RETAIL

Implats contests Zimbabwe land grab

Impala Platinum Holdings Limited says it will engage its lawyers on the recent compulsory acquisition of 28 000 hectares of Zimplats platinum reserves by the government of Zimbabwe.In a statement is...

By Business reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe to resume international flights in July

AIR ZIMBABWE board chairman Ozias Bvute says the national airline will resume international flights to London in July this year after beefing up its fleet as part of its turnaround strategy.Bvute m...

By Business reporter | Published: 10 June 2013

ZIMBABWE

Zim economic growth to slow down

ZIMBABWE'S economy may grow by 4 percent this year, lower than the Government's forecast. But the forthcoming national elections could lay the ground for a robust growth after the elections, a local...

By Business Reporter | Published: 10 June 2013

BUSINESS NEWS

Mutare woman wins a VW Polo in the Telecel Win Big Promo

Mercy Murewa from Dangamvura in Mutare today (Tuesday) became the fourth winner of a VW Polo car in the Telecel Win Big Promo, while 20 others were announced as winners of the Samsung Galaxy S2 cel...

By Own correspondent | Published: 10 June 2013

ZSE TODAY

ZSE:- Heavyweights extend gains as Industrials rises again

ZSE's heavily capitalised counters conthued to trade higher on Tuesday to spur Industrials to their 3rd consecutive day uptrend.The Industrials Index added 1.18 points or 0.63% to 188.86 taking th...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Truworths improves net bad debt collection system

Truworths is projecting single digit growth in sales this year while collection of receivables has improved vastly after the company beefed up the debt collection team, group CEO Themba Ndebele to...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Cyprus-based firm plans $4 billion platinum project

A Cyprus-based firm has expressed interest in setting up a $4 billion platinum mine following government's repossession of huge mining ground previously held by the country's top mining company. Kar...

By Staff reporter | Published: 10 June 2013

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