INDUSTRIALS & ENERGY

Lancashire Steel deal collapses

A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...

By Staff reporter | Published: 03 May 2019

INDUSTRIALS & ENERGY

Lancashire Steel deal collapses

A DEAL in which Indian firm, Whinstone Enterprises, was set to pour in funding into Lancashire Steel in a joint venture arrangement, has crumbled after the firm failed to follow laid down Government p...

By Staff reporter | Published: 24 April 2019

Zim's coffee sector collapses

GOVERNMENT is working on a plan to rebuild the coffee sector after output plummeted from almost 15 000 metric tonnes (mt) in 1989 to less than 200 mt in the past few years.According to a paper titled ...

By Staff reporter | Published: 05 July 2018

POLITICS

Chatunga's butchery business collapses

Former president Robert Mugabe's son, Chatunga Bellarmine, is set to lose property after failing to pay rentals for his butchery in Chitungwiza.A writ of execution has since been issued for the attach...

By Staff reporter | Published: 29 June 2018

POLITICS

Khupe's Matebeleland coalition pact collapses

TALKS among five opposition political parties based in Matabeleland region to form a regional pact ahead of this year's general elections have reportedly collapsed as the leaders could not agree on a ...

By Staff reporter | Published: 11 May 2018

POLITICS

Grace Mugabe's plan to sink Mnangagwa collapses

THE apparent plan by former leader Robert Mugabe and his wife Grace to sink President Emmerson Mnangagwa's election bid in this year's keenly-anticipated national polls is effectively dead in the wate...

By Staff reporter | Published: 09 May 2018

MINING & RETAIL

ZimAlloys $100m investment deal collapses

GWERU-based giant ferrochrome producer, Zimbabwe Alloys, judicial managers - Grant Thornton International - has terminated a $100 million investment deal which the chrome smelting company entered with...

By Staff reporter | Published: 06 May 2018

BUSINESS NEWS

$100m Pomona deal collapses

Harare City Council's $100 million deal for the construction of a waste management plant at Pomona Dumpsite has collapsed after the tender expired. The then State Procurement Board was supposed to adj...

By Staff reporter | Published: 26 April 2018

BUSINESS NEWS

Chaos feared in Beitbridge as Zimra system collapses

THE Zimbabwe Revenue Authority's (Zimra) Asycuda Plus online system has once again collapsed, raising fears of chaos during Easter when thousands of holidaymakers throng Beitbridge Border Post on thei...

By Staff reporter | Published: 25 March 2018

MINING & RETAIL

ZimAlloys, Balasore deal collapses

The proposed acquisition of ZimAlloys' 70 percent shareholding by Balasore Alloys of India is hanging in the balance amid revelations that the Bombay Stock Exchange listed company has failed to meet t...

By Staff reporter | Published: 16 March 2018

BUSINESS NEWS

Gwanda solar project collapses

THE US$200 million Gwanda solar project has all but collapsed as controversial businessman Wicknell Chivayo has expressed fears that the fraud and corruption charges levelled against him by the Zimbab...

By Staff reporter | Published: 16 March 2018

MINING & RETAIL

ZimAlloys $100m deal collapses?

There are fears that the Zimbabwe Alloys $100 million deal with Indian Investors Balasore Group could collapse amid indications that one of the Indian investors Pramod Mittal is embroiled in tax scan...

By Staff reporter | Published: 12 February 2018

BUSINESS NEWS

Zimra online system collapses

CLEARANCE of goods at the country's border posts has reportedly been at a standstill since Friday following a technical hitch with the customs and excise department's automated system, also known as ...

By Staff reporter | Published: 08 August 2017

FINANCIAL SERVICES

AfrAsia Bank collapses

Troubled AfrAsia Bank Zimbabwe Limited (ABZL) has surrendered its banking licence after its Mauritian shareholder gave up on turning around the bank's fortunes.Apart from a Reserve Bank of Zimbabwe (R...

By Staff reporter | Published: 07 June 2015

BUSINESS NEWS

IDC deal collapses

NEGOTIATIONS between the Industrial Development Corporation of Zimbabwe (IDCZ) and South Africa's largest development finance institution, IDC, for a $10 million bailout have collapsed, a senior execu...

By Staff reporter | Published: 08 May 2014

LANDS & AGRICULTURE

Ostrich industry collapses

The ostrich industry in Zimbabwe has virtually collapsed with the few birds left found in private wildlife parks while the association of producers has also folded, leaving farmers without a represen...

By New Ziana | Published: 16 April 2014

INDUSTRIALS & ENERGY

Sefalana, Star Africa deal collapses

BOTSWANA Stock Exchange listed Sefalana Holdings bid to buy starafrica corporation's 33 percent stake in Tongaat Hullet Botswana collapsed after the parties failed to agree on price, sources close to ...

By Staff reporter | Published: 03 April 2014

BUSINESS NEWS

Bulawayo textiles sector collapses

MORE than 10 big companies in the clothing industry in Bulawayo have closed shop in the last few years, as challenges affecting the sector continue unabated, the National Union of the Clothing Industr...

By Staff reporter | Published: 02 September 2013

INDUSTRIALS & ENERGY

David Whitehead collapses

THE collapsed David Whitehead could be thrown into liquidation due to insolvency, denting the hopes of more than 3 000 employees who were expecting to return to work.The provisional judicial manager...

By Business Reporter | Published: 10 June 2013
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