MINING & RETAIL

Zimplats records slump in production

Zimbabwe's largest platinum producer Zimplats recorded a 36,1% slump in production volumes to 415,72kg in August as rising inflation, coupled with power cuts and foreign currency shortages, took a tol...

By Staff reporter | Published: 06 October 2019

MINING & RETAIL

Gold deliveries slump 44%

SMALL-scale miners have called on Government to consider paying 100 percent of gold deliveries in hard currency after deliveries to Fidelity Printers and Refineries (FPR) for November plummeted by 44 ...

By Staff reporter | Published: 06 December 2018

MINING & RETAIL

Nickel price slump worries BNC

BINDURA Nickel Corporation (BNC) says volatile world nickel prices would continue to affect the company's operations after the US$12 000 per tonne rally of September again dipped to slightly over US$1...

By Staff reporter | Published: 05 October 2017

BUSINESS NEWS

RTGS slump drags NPS payments

The total value of transactions processed through the National Payment System (NPS) decreased 33,3 percent to $1,2 billion in the week to August 18, from $1,6 billion in the previous week, as Real Tim...

By Staff reporter | Published: 29 August 2017

TELECOMS & TECHNOLOGY

NetOne registers 2.9% slump in airtime revenue

ZIMBABWE'S second largest mobile network NetOne registered a 2,9 percent slump in airtime revenues for the year ended December 2016 to $70,1 million down from $72,2 million.Airtime revenues are mainly...

By Staff reporter | Published: 17 August 2017

BUSINESS NEWS

Zim FDI slumps further - report

Foreign Direct Investment (FDI) in Zimbabwe declined from $400 million in 2013 to $372,6 million last year, as investors continue to shun the country amid a worsening economic crisis.According to the ...

By Staff reporter | Published: 07 June 2015

MINING & RETAIL

Zim mineral output slumps

Zimbabwe's mineral output remained depressed in February 2014 with gold and nickel registering significant declines, a Finance ministry state of the economy report indicates.The country produced 831,3...

By Staff reporter | Published: 08 April 2014

ZIMBABWE

Zim economy faces slumping consumer demand

Economy Faces Slumping Consumer Demand and DeflationBy Godfrey Marawanyika and Brian Latham April 06, 2014      Zimbabwe's economy is suffering from a slump in consumer spending a...

By Bloomberg News | Published: 08 April 2014

MINING & RETAIL

Zimbabwe gold earnings slump 20%

Zimbabwe's total gold earnings slumped 20 percent to $626 million last year from $783 million realised in 2012, latest Chamber of Mines (CoM) figures reveal.This comes as escalating production costs, ...

By Staff reporter | Published: 13 March 2014

MINING & RETAIL

Zim gold production slumps

Zimbabwe's 2013 gold deliveries went down 6.02% to 12 663.39kg from 13 474.43kg in 2012. In a January 2014 monthly economic review, the African Development Bank (AfDB) said the 2013 output was way bel...

By Staff reporter | Published: 07 March 2014

INDUSTRIALS & ENERGY

Delta's larger volumes slumps 25%

Listed beverages maker Delta Corporation (Delta) says its lager beer volumes remain depressed, slumping 25% if compared to the 2012 quarter and 15% for the nine months to December 2013.The brewer - ab...

By Staff reporter | Published: 16 January 2014

CONSTRUCTION & PROPERTY

Property market slump set to continue

THE country's property sector is not likely to experience significant growth in 2014 as default rates and the amount of voids continue to rise unabated. Default rates have remained as high as 50 to ...

By Staff reporter | Published: 12 December 2013

ZSE TODAY

ZSE daily turnover slumps to below $300,000

The market opened the week dismally with turnover slumping to close at under the $300 000 mark.Industrials maintained their ascent toward the record levels reached on August 1 albeit in lethargic tr...

By Staff reporter | Published: 14 October 2013

ZSE TODAY

ZSE turnover slumps to below the million dollar mark

Activity on the ZSE slowed on Wednesday but Industrials managed to scratch out modest gains albeit in thin volumes.The Industrials Index gained a marginal 0.01 point or 0.005% to 210.24 while the Min...

By Staff reporter | Published: 09 October 2013

BUSINESS NEWS

CZI forecasts slump in capacity utilisation

THE Confederation of Zimbabwe Industries has forecast a further decline in capacity utilisation this year, as manufacturing companies remain under pressure from tight liquidity and competition from lo...

By Business Reporter | Published: 19 July 2013

SOCCER

Warriors slump 13 places down FIFA rankings

Zimbabwe's failure to qualify for the World Cup that ended with a defeat to Guinea has cost them 13 places on the FIFA world rankings.The Warriors have slumped to number 114 - their second worst rank...

By Sports reporter | Published: 05 July 2013

ZIMBABWE

Zimbabwe, EU trade slumps

European Union Ambassador to Zimbabwe Aldo Dell'Ariccia said  Zimbabwe's trade with the European Union slumped by 9.8% last year and the decline is due to the  euro zone crisis and a poor...

By Business reporter | Published: 10 June 2013
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