BUSINESS NEWS

Tanganda offloads assets

Tanganda Tea Company Limited, Zimbabwe's leading tea producer, has unveiled plans to raise US$7 million to shore up working capital, through the disposal of non-core assets and a bridging finance faci...

By Staff reporter | Published: 09 December 2025

BUSINESS NEWS

US$ assets will be safe under mono currency transition

The Government has moved to allay growing public and corporate concerns, assuring that the planned transition to a mono-currency system will not compromise the value of foreign currency-denominated s...

By Staff reporter | Published: 04 December 2025

BUSINESS NEWS

Zimbabwe pension funds assets rise to US$2,60bn

Assets in Zimbabwe's pensions sector grew by 6 percent to US$2,63 billion in the first half of 2025, driven by new investments and fair value gains. However, the Insurance and Pensions Commission (IP...

By Staff reporter | Published: 20 October 2025

BUSINESS NEWS

High Court blocks RioZim from selling assets

The High Court has barred resources group RioZim Limited, currently under corporate rescue, from selling its assets as a legal dispute with workers continues.High Court judge Justice Regis Dembure di...

By Staff reporter | Published: 08 October 2025

BUSINESS NEWS

Court lifts asset freeze on businessman

The High Court has lifted a two-year asset freeze on businessman Tobias Zangairai, ruling that the Prosecutor-General failed to act on allegations of unexplained wealth despite obtaining an interim o...

By Staff reporter | Published: 03 October 2025

MINING & RETAIL

Court halts RioZim's asset sales

The High Court has granted an urgent interdict to the Zimbabwe Diamond & Allied Minerals Workers' Union (ZDAMWU), barring RioZim Limited from disposing of its mining assets while corporate rescue ...

By Staff reporter | Published: 27 August 2025

MINING & RETAIL

RioZim to appeal ruling in assets disposal fight

RioZim Limited says it will appeal against an interim relief granted in favour of the Zimbabwe Diamond & Allied Minerals Workers Union (ZDAMWU), which represents some of the company's employees i...

By Staff reporter | Published: 18 August 2025

POLITICS

Mutezo's farm assets auctioned over $750,000 debt

Farming equipment and livestock belonging to former Water Resources minister Munacho Mutezo are set to be auctioned today in Odzi, Manicaland, as part of efforts to recover a US$750,000 debt owed to h...

By Staff reporter | Published: 16 August 2025

BUSINESS NEWS

RioZim workers lock horns over asset disposals

RioZim Limited has announced its intention to appeal an interim relief granted in favor of the Zimbabwe Diamond & Allied Minerals Workers Union (ZDAMWU), which represents some of the company's em...

By Staff reporter | Published: 16 August 2025

POLITICS

Chiwenga applauds forfeiture of ex-wife's assets in SA

The legal team representing Zimbabwe's Vice-President, General (Retired) Dr. Constantino Guveya Dominic Nyikadzino Chiwenga, has welcomed the recent forfeiture ruling handed down by the Gauteng High C...

By Staff reporter | Published: 29 July 2025

ZSE TODAY

Zimbabwe asset managers shift away from equities

The Securities and Exchange Commission of Zimbabwe (SecZim) has called on the Zimbabwe Stock Exchange (ZSE) to urgently work on recovering lost market share, amid revelations that local asset managers...

By Staff reporter | Published: 11 July 2025

CONSTRUCTION & PROPERTY

Zimbabwe asset managers hungry for real estate assets

The Public Service Pension Fund's (PSPF) move to acquire the iconic Monomotapa Hotel underscores the persistent hunger among Zimbabwean pension funds for commercial real estate investments - even thos...

By Staff reporter | Published: 27 June 2025

BUSINESS NEWS

African Sun says no going back on asset disposal

Leading hospitality group African Sun Limited (ASL) has confirmed its ongoing strategy to divest non-core assets, unlocking potential to enhance activity and investment in its high-performing hotel un...

By Staff reporter | Published: 24 June 2025

MINING & RETAIL

Zimbabwe firm seeks protection from asset seizure over US$93m debt

A state-owned Zimbabwean mining firm is trying to protect assets that risk being seized because the country failed to honour a US$93 million debt incurred when it lost an international arbitration cas...

By Staff reporter | Published: 14 April 2025

POLITICS

Zimbabwe's new MPs to declare assets

All newly sworn-in Members of Parliament (MPs) have a deadline of November 7 to submit their financial interests lists to Parliament, as mandated by the Constitution and Parliament's standing rules an...

By Staff reporter | Published: 12 September 2023

MINING & RETAIL

Tharisa Zimbabwe asset gets Special Economic Zone status

Tharisa PLC on Tuesday said land on which it has special mining grants in Zimbabwe has been designated a special economic zone.A 50,667-hectare area has been given the designation, miner Tharisa said,...

By Alliance News | Published: 22 October 2019

OPINION

Beware of safe haven assets, fair value adjustments tend to burn later on

The Zimbabwean economy is fundamentally going through what the global economy is experiencing as well, albeit due to slightly different dynamics. A safe haven is generally a place where investors "par...

By Staff reporter | Published: 23 September 2019

FINANCIAL SERVICES

OMZL bets on real assets under the hyperinflationary environment

Insurance giant Old Mutual Zimbabwe released its financial results for the half year ended 30 June 2019. The headline figure was the 671% growth in profit before tax to $509.2 million while operating ...

By Staff reporter | Published: 23 September 2019

TRANSPORT & TOURISM

Meikles to sell hospitality assets

MEIKLES Limited is seeking approval from its shareholders to sell part of its hospitality assets. In a cautionary statement, Miekles company secretary Thabani Mpofu said talks of the asset disposal we...

By Staff reporter | Published: 03 May 2019

FINANCIAL SERVICES

CBZ Holdings sitting on US$2,44bn asset base

CBZ Holdings Limited reported that its asset base grew to US$2,44 billion in the full year to December 2018 from US$2,1 billion in the previous year, making it one of the largest companies by asset si...

By Staff reporter | Published: 01 May 2019

MINING & RETAIL

Vast completes sale of Zimbabwe gold assets

VAST Resources Plc (Vast) says it has now completed the sale of its 25 percent shareholding in Pickstone Peerless Gold Mine in Zimbabwe as it focuses on its new diamond concession at Chiadzwa.The Lond...

By Staff reporter | Published: 25 April 2019

POLITICS

MDC councillors refuse to declare assets

THE majority of Bulawayo councillors have refused to declare their assets and interests, notwithstanding pressure from residents, with mayor Solomon Mguni calling the move "a voluntary exercise".Only ...

By Staff reporter | Published: 25 April 2019

FINANCIAL SERVICES

First Capital Bank shelves unbundling of non-core assets

FIRST Capital Bank, formerly Barclays Bank Zimbabwe has indefinitely suspended the proposed unbundling of non-core assets for listing on the Zimbabwe Stock Exchange (ZSE). In a statement regarding the...

By Staff reporter | Published: 29 January 2019

FINANCIAL SERVICES

First Capital Bank approves unbundling of non-core assets

FIRST Capital Bank, formerly Barclays Bank Zimbabwe, has approved the unbundling of non-core assets set for listing on the Zimbabwe Stock Exchange (ZSE). In a renewal of cautionary statement to shareh...

By Staff reporter | Published: 01 January 2019

BUSINESS NEWS

Zimbabwe assets biggest and best buy in Africa - Prof Ncube

Zimbabwean assets are the biggest and best buy in Africa for investors at the moment while property rights are very secure, Finance and Economic Development Minister Professor Mthuli Ncube has said. I...

By Staff reporter | Published: 07 December 2018
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