BUSINESS NEWS

Air Zimbabwe sends over 600 employees on forced leave

AIR ZIMBABWE yesterday announced it has sent over 600 employees on forced leave as part of its restructuring programme aimed at revitalising, recapitalising and restoring customer confidence.Although...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

FBC launches CASE 2013 handbook

Following the mini bull run since the beginning of the year, the ZSE is once again the biggest bourse by market capitalisation among the four markets covered by the CASE Handbook, FBC Holdings chair...

By financial express | Published: 10 June 2013

BUSINESS NEWS

Telecel sponsors Director of the Year Awards

Telecel Red is the platinum sponsor for the 2012 Director of the Year Awards ceremony, which takes place on Friday (May 31) at Rainbow Towers.The Director of the Year awards are presented by the Inst...

By Chengetai Chinembiri | Published: 10 June 2013

BUSINESS NEWS

New AirZim Airbus grounded in SA

Air Zimbabwe's new Airbus A320 aircraft, which made its maiden flight to Johannesburg on Monday has been temporarily grounded in South Africa after a bird struck and cracked its windscreen.Senior Ai...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Zimplats preferred ZSE listing to indigenisation

Zimplats expressed the group's interest to list on the ZSE thus localizing the firm through the bourse so that ordinary Zimbabweans may get the chance to participate, CEO Alexander Mhembere told an ...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe needs to up its platinum output first to set up refinery

Platinum producers will need a minimum production rate of 500 000pt ounces per year if  the country is to set up a platinum refinery, Zimplats CE Alex Mhembere has said.Mhembere told analysts i...

By financial express | Published: 10 June 2013

BUSINESS NEWS

CASE 2013 Handbook to be launched tonight

The launch of the 2013 edition of the CASE Handbook will take place tonight, with the sponsors FBC Holdings planning a glitzy function at which invited guests have the chance of winning two Business ...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Economic development for Rhodesia

With the rapid development of the Rhodesian economy, despite sanctions. the need to involve black Rhodesians more closely became paramount, so that they could form an integral part of this developmen...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Supreme Court reserves judgment in Remo case

The Supreme Court yesterday reserved judgment in the case where Remo Investment Brokers were appealing against an earlier judgment to have their licence cancelled. According to its argument deposed ...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Businesses are unsure of what to do due to unclear election dates

FINANCE Minister Tendai Biti yesterday said most businesses have adopted a wait-and-see attitude due to uncertainty over election dates.Biti said this while addressing the media on the state of the e...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe real estate market snapshot 2013

Office MarketThe take-up of office space has been poor as a result of the depressed economic climate in Zimbabwe. Occupiers are struggling to meet rent and service charges, and the levels of arrears...

By Knight Frank | Published: 10 June 2013

BUSINESS NEWS

New Air Zimbabwe Airbus in maiden Jo'burg flight

AIR ZIMBABWE yesterday introduced the new 150-seater Airbus A320 on the Harare-Johannesburg route as it seeks to regain its lost market share on the route, which it re-established late last year.The...

By Business Reporter | Published: 10 June 2013

BUSINESS NEWS

Kasukuwere wants mandatory 50% local procurement quotas

The Minister of Youth Development, Indigenisation and Empowerment Saviour Kasukuwere has said his ministry would soon gazette a statutory instrument to give effect to the 50% local procurement clause...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Russian tycoon eyes ZSE listed company

NIKOLAY Varenko, the Russian billionaire angling to acquire Cairns Holdings, is expected in Harare next week for talks with the Government on the possibility of buying the entire stake in the Zimbabw...

By Golden Sibanda I Herald | Published: 10 June 2013

BUSINESS NEWS

National Foods OK Grand Challenge Promotion 2013

National Foods is excited to be giving away a brand new Ford Ranger T6 single cab car in this year's OK Grand Challenge Jackpot Promotion.http://www.youtube.com/watch?v=E1nYLv6y5asTo enter, just ...

By OK Zimbabwe | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe could lose access to global payments platforms

Central bank governor believes country could lose access to global payments platforms and external lines of credit if the indigenisation of foreign-owned banks is forced through.Gideon Gono, the Rese...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe will not pay Zimplats for land grab

GOVERNMENT will not use taxpayers' money to pay for the 27 948 hectares of excess platinum holding land from Zimplats, Mines and Mining Development Minister Obert Mpofu has said.Minister Mpofu spelt ...

By Business Reporter | Published: 10 June 2013

OPINION

The case for buying Zimbabwe products

AS we edge towards the Buy Zimbabwe Procurement Conference scheduled for Monday May 27, at the Meikles Hotel, the demand for decisiveness in taking practical steps to reduce the current unsustainable...

By Vandudzai Zirebwa | Published: 10 June 2013

BUSINESS NEWS

Vingirai in new effort to get Intermarket back

Nicholas Vingirai's Transnational Holdings together with Econet Wireless Holdings Limited have resuscitated their legal battle to get the former Zimbank and Intermarket takeover reversed after filin...

By Financial Express | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe insists on Zimplats land grab

Zimbabwe vowed on Wednesday it would not roll back on plans to seize 28,000 hectares of land leased to a local subsidiary of the platinum-mining giant Impala Platinum."If there is anyone who thinks t...

By AFP | Published: 10 June 2013

BUSINESS NEWS

'Zimbabwe mining rights belongs to Mugabe,' says Mutambara

MINING rights in Zimbabwe are vested in the President and acquisition of a mining title does not transfer ownership of mineral claims to the investor, Deputy Prime Minister Arthur Mutambara has said...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe to revisit mines' foreign ownership laws

Mines deputy minister Gift Chimanikire said Zimbabwe will look to revisit laws that restrict foreign ownership of mining licenses in the next two to three months, but will not seize mine assets fr...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Banking sector failing to fund agriculture

The Banking sector is facing challenges in providing adequate funds to support agricultural production, a senior bank executive has said. Speaking at the official launch of the Food and Nutrition Se...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Govt to force telecom companies to share infrastructure

GOVERNMENT is mooting a policy that forces telecommunication firms to share infrastructure in far reaching reforms set to remove the duplication in investments by operators.The move comes at a time w...

By Staff reporter | Published: 10 June 2013

POLITICS

MDC-T to maintain the US dollar currency regime for 5 years

The Movement for Democratic Change led by Prime Minister Morgan Tsvangirai has said it would maintain the current US dollar-dominated currency regime during its first five years in power if it forms ...

By Staff reporter | Published: 10 June 2013

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