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

POLITICS

Only 2 Bulawayo councillors declare assets

ONLY two out of 29 Bulawayo councillors have heeded the call by residents to declare their assets.The call to declare the assets was made by the Bulawayo Progressive Residents' Association (BPRA) in S...

By Staff reporter | Published: 16 November 2018

POLITICS

Bulawayo councillors petitioned to declare their assets

THE Bulawayo Progressive Residents' Association (BPRA) has petitioned incoming councillors to declare their assets to prevent unbridled corruption as witnessed in the previous council.Former Local Gov...

By Staff reporter | Published: 06 September 2018

FINANCIAL SERVICES

Pension industry sees drop in assets in Q4 2017

TOTAL assets in the pension industry declined by 6,5% to $4,03 billion in the fourth quarter of last year due to a shrinkage in equity investments that were affected by a drop in equity prices.The Ins...

By Staff reporter | Published: 20 July 2018

ZIMBABWE

ZSE spurs life assets

POSITIVE performance on the Zimbabwe Stock Exchange (ZSE) has spurred asset bases of local life assurance companies, as the sector closed the first quarter with an asset base of $2,82 billion, it has ...

By Staff reporter | Published: 28 June 2018

FINANCIAL SERVICES

Life assurance sector assets rise to $2,5bn

ASSETS in the life insurance industry have grown by 68 percent to $2, 52 billion in the past four years to 2017 on the back of a bull run experienced last year.Figures from the Insurance and Pension C...

By Staff reporter | Published: 27 June 2018

INDUSTRIALS & ENERGY

Merlin seeks to dispose of obsolete, non-core assets

TEXTILE giant, Merlin, has filed a High Court application seeking to dispose obsolete and non-core assets to raise additional working capital.The Bulawayo-based company, which presently is under judic...

By Staff reporter | Published: 15 May 2018

FINANCIAL SERVICES

Fidelity posts $1,3m loss on asset write-offs

Zimbabwe Stock Exchange-listed Fidelity Life Assurance tumbled to a loss of $1,3 million in 2017 against the restated profit of $6,4 million in the prior year attributed to shareholder asset write-off...

By Staff reporter | Published: 07 May 2018

MINING & RETAIL

Govt probes Anjin asset-stripping

GOVERNMENT has launched an investigation into how former diamond miner Anjin Investments was looted and stripped of assets worth millions of dollars during the two years it has not been operating afte...

By Staff reporter | Published: 04 May 2018

BUSINESS NEWS

Corrupt people to lose assets

Magistrates at the anti-graft courts have been ordered to forfeit assets purchased from proceeds of corruption according to the law, as a deterrent measure to the vice.Addressing stakeholders in the f...

By Staff reporter | Published: 30 March 2018

BUSINESS NEWS

Mnangagwa targets looters' assets

The government has ordered all those who "externalised" huge sums of money to acquire properties outside the country to declare their assets, as the deadline for the return of all looted funds draws c...

By Staff reporter | Published: 14 March 2018

POLITICS

Mnangagwa, VPs must declare assets first

President Emmerson Mnangagwa's decree that Cabinet ministers and senior central and local government officials must declare their assets by end of February has been hailed as noble, but analysts say m...

By Staff reporter | Published: 25 January 2018

POLITICS

Mnangagwa order ministers to declare assets

PRESIDENT Emmerson Mnangagwa has directed public office holders including ministers, top civil servants and parastatal bosses to declare their assets before the end of next month.In a statement yester...

By Staff reporter | Published: 24 January 2018

BUSINESS NEWS

Lack of funding impedes ZimAsset

THE Office of the President and Cabinet (OPC) says lack of a resource mobilisation strategy has been the major impediment to the success of the government's economic blueprint, the Zimbabwe Agenda for...

By Staff reporter | Published: 30 November 2017

BUSINESS NEWS

'Drop indigenization, ZimAsset'

Former War Veterans minister Tshinga Dube has taken a dig at some of the policies, which were implemented under former president Robert Mugabe's government, describing them as impractical.Dube, who wa...

By Staff reporter | Published: 29 November 2017
Pages:
1
2
3

Latest News

Latest Published Reports

Latest jobs