BUSINESS NEWS

First Capital Bank nears sale of stake in Victoria Falls Hotel

Top financial institution First Capital Bank (FCA) has finally secured a potential investor for its stake in Makasa Sun (Private) Limited, the company that owns a prominent Victoria Falls-based hotel...

By Staff reporter | Published: 15 October 2025

BUSINESS NEWS

Illegal sale of stands in Umganin Phase IV

The City of Bulawayo has issued a stern warning to home seekers over the illegal sale of residential stands in Umganin Phase IV, cautioning that unscrupulous developers could leave buyers out of pock...

By Staff reporter | Published: 30 September 2025

MINING & RETAIL

PPC Zimbabwe cement sales jump 22%

Cement manufacturer PPC Zimbabwe Limited (PPCZL) has reported a 22% increase in cement sales volumes for the four months ended July 31, 2025, boosted by strong consumer demand and government-imposed t...

By Staff reporter | Published: 23 September 2025

INDUSTRIALS & ENERGY

Nampak terminates $25m sale of Zimbabwean unit

Nampak has announced the termination of its deal to sell its 51.43% stake in Nampak Zimbabwe to TSL for up to $25 million (R435 million). The transaction, initially announced in October last year, was...

By Staff reporter | Published: 18 September 2025

BUSINESS NEWS

PPC Zimbabwe land sale faces legal challenge

A multimillion-dollar land deal involving cement giant PPC Zimbabwe has hit a major legal snag after a housing cooperative claimed ownership of the same property.PPC Ltd, in a notice to shareholders l...

By Staff reporter | Published: 31 August 2025

POLITICS

Bulawayo residents protest alleged sale of Youth Sports Field

Residents of New Lobengula in Bulawayo have expressed outrage over reports that a local youth sports field is being sold for development, warning the move could deprive young people of a safe recreati...

By Staff reporter | Published: 28 August 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

BUSINESS NEWS

Windmill warns public against illegal land sales

Windmill (Private) Limited has issued a stern warning to the public over fraudulent land sales involving its property, Lot FA Kinvara, measuring 65.2436 hectares, which is being illegally marketed as ...

By Staff reporter | Published: 25 August 2025

INDUSTRIALS & ENERGY

ART's sales, exports tumble

Publicly traded conglomerate Amalgamated Regional Trading Holdings Limited (ART) is grappling with a challenging trading environment, with its latest performance report for the third quarter ended Jun...

By Staff reporter | Published: 21 August 2025

LANDS & AGRICULTURE

Tobacco seed sales soar

Tobacco seed sales in Zimbabwe have risen sharply ahead of the 2025-2026 farming season, with a 12 percent increase compared to the same period last year, according to the Tobacco Industry and Market...

By Staff reporter | Published: 20 August 2025

MINING & RETAIL

Manhize plant posts US$100m sales in first half

The Dinson Iron and Steel Company (Disco) in Manhize, Midlands Province, has raked in nearly US$100 million in steel sales during the first half of the year, marking a major milestone in Zimbabwe's e...

By Staff reporter | Published: 19 August 2025

TRADE & INDUSTRY

Mutapa blocks ZCDC diamond sale

Zimbabwe's state-owned diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), has been plunged into a deeper financial crisis after its sole shareholder, the Mutapa Investment Fund (MIF), ve...

By Staff reporter | Published: 08 August 2025

BUSINESS NEWS

Zimbabwe bans pre-used clothing sales in CBDs

Government has ordered all urban councils to immediately ban night vending and the sale of second-hand clothing in Central Business Districts (CBDs) as part of a renewed push to restore order in ci...

By Staff reporter | Published: 04 August 2025

BUSINESS NEWS

Gun-toting robbers storm Murombedzi wholesale

Police in Zvimba have launched a manhunt for an armed gang that attacked a wholesale shop at Murombedzi Growth Point, making away with US$29,700 in cash on Thursday morning.According to a statement fr...

By Staff reporter | Published: 13 July 2025

BUSINESS NEWS

Maize seed sales surge in Zimbabwe

Zimbabwean farmers have significantly ramped up grain production this year, marking a powerful rebound from the devastating El Nino-induced drought of the previous season. The renewed agricultural mom...

By Staff reporter | Published: 08 July 2025

BUSINESS NEWS

RBZ's decision to halt gold coin sales has drawn warnings

The Reserve Bank of Zimbabwe (RBZ)'s decision to suspend the sale of gold coins has drawn warnings from an economic analyst, who says the move could expose the Zimbabwe Gold (ZWG) currency to inflatio...

By Staff reporter | Published: 30 June 2025

BUSINESS NEWS

Bulawayo leads in sale of contaminated fuel, says ZERA

Bulawayo has been identified as the city with the highest number of garages selling contaminated fuel in Zimbabwe, according to the Zimbabwe Energy Regulatory Authority (ZERA).ZERA CEO Edington Mazamb...

By Staff reporter | Published: 08 May 2025

BUSINESS NEWS

Land sales fuel Harare's Ardbennie rapid industrialisation

The once tranquil and tight-knit residential community of Ardbennie, located about 10 kilometers south of Harare's central business district, is undergoing a dramatic transformation. The quiet sounds ...

By Staff reporter | Published: 28 April 2025

INDUSTRIALS & ENERGY

Willdale sales volumes in 5 months to Feb grow 10%

Willdale says sales volumes in the five months to February are 10% above prior year while profitability in the period has grown above the inflation rate due to an effective pricing mechanism and cost ...

By Staff reporter | Published: 19 March 2020

MINING & RETAIL

TV Sales & Home in major synergistic investments

FURNITURE and electrical appliances retailer, TV Sales & Home, has acquired a 49 percent stake in bed maker, Restapedic, and separately established a joint venture lounge suite manufacturing compa...

By New Ziana | Published: 01 October 2019

LANDS & AGRICULTURE

Tobacco seed sales decline 20%

TOBACCO seed sales have declined by 20%, with the volumes being the lowest since 2015, a development that could see reduced hectarage of the crop next season, a Zimbabwe Tobacco Association (ZTA) repo...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

Zimbabwe industry feels the heat as sales drop

Prices of goods and services may have reached the plateau, amid indications volumes have started dipping significantly as consumers struggle with affordability, captains of industry and economic analy...

By Staff reporter | Published: 14 June 2019

TRANSPORT & TOURISM

Meikles Hotel sale now awaits shareholder approval

Zimbabwe Stock Exchange (ZSE) listed conglomerate, Meikles limited has announced that the proposed plan to sell shareholding in one of its hotels is now awaiting shareholder approval.The company issue...

By Staff reporter | Published: 13 June 2019

LANDS & AGRICULTURE

Zimbabwe tobacco sales drop 44%

TOBACCO sales are down 44% at $292,8 million after 53 days of trade, compared to $523,5 million achieved last season, data from the industry regulator Tobacco Industry and Marketing Board (TIMB) shows...

By Staff reporter | Published: 11 June 2019

MINING & RETAIL

Electrosales predicts bleak future

Listed hardware chain, Electrosales, reported a profit after tax of ZWL$2,5 million in the six months to March compared to ZWL$2 million during the same period last year, but the company has warned of...

By Staff reporter | Published: 09 June 2019
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