BUSINESS NEWS

'262 million Zimbabwe-bound substandard products rejected'

Bureau Veritas (BV), an international firm contracted by government to undertake consignment-based conformity assessment (CBCA) for imports destined for Zimbabwe, says it has rejected 262 million subs...

By Staff reporter | Published: 12 February 2019

MINING & RETAIL

Wrangle over Zimbabwe diamond mine continues

THE stalemate over the pricing of River Ranch Mine, situated in the border town of Beitbridge, continues unabated as the owners, Rani Investments, and potential buyers, the Zimbabwe Consolidated Diamo...

By Staff reporter | Published: 12 February 2019

INDUSTRIALS & ENERGY

Merlin judicial manager pleads with shareholders

MERLIN judicial manager Cecil Madondo has pleaded with company shareholders to withdraw court cases or risk the company's total shutdown.Once listed among the largest textile companies in the country,...

By Staff reporter | Published: 12 February 2019

FINANCIAL SERVICES

Capital Bank Corporation provisionally winds up

Capital Bank Corporation has been provisionally wound up after the financial institution failed to service its debts amounting to over $25 million.The decision by the High Court followed an applicatio...

By Staff reporter | Published: 12 February 2019

MINING & RETAIL

PPC volumes up

Pretoria Portland Cement (PPC) says volumes at its local unit grew by a single digit, compared to the same period last year due to operational challenges experienced in the third quarter of the financ...

By Staff reporter | Published: 07 February 2019

TRANSPORT & TOURISM

ZTA replaces Kaseke

Environment, Tourism and Hospitality Industry minister Priscah Mupfumira has appointed Rita Likukuma as Zimbabwe Tourism Authority (ZTA) acting chief executive officer, effective from February 1, 2019...

By Staff reporter | Published: 07 February 2019

INDUSTRIALS & ENERGY

Major shareholder cuts off forex support to Nampak

PACKAGING manufacturer Nampak Zimbabwe says it has been cut off by its major shareholder Nampak Holdings, which has been assisting it with foreign currency due to non-payment of outstanding debts.The ...

By Staff reporter | Published: 07 February 2019

MINING & RETAIL

Trojan operating at 50%

Bindura Nickel Corporation (BNC)'s Trojan Mine (Trojan) is operating at 50% capacity as part of a deliberate mining strategy guided by depressed nickel prices. Batanai Manhando, BNC managing director,...

By Fin Gaz | Published: 07 February 2019

FINANCIAL SERVICES

Untu Capital foreign backers withdraw support

African Guaranteed Fund (AGF), the foreign backers of Untu Capital's bond issue, have withdrawn their support to the microfinance company citing Zimbabwe's current unpredictable economic environment, ...

By Staff reporter | Published: 06 February 2019

MINING & RETAIL

Ingwebu franchises its beer outlets

INGWEBU Breweries plans to franchise all its beer retailing outlets and focus on manufacturing and distribution of traditional beer, a development which could increase the company's revenue by at leas...

By Staff reporter | Published: 06 February 2019

INDUSTRIALS & ENERGY

Car assembly plant for Kwekwe

A ZIMBABWEAN businessman, Dr Devine Mafa, who is based in the United States of America, has partnered with an unnamed international car manufacturer to set up a vehicle assembly plant in Kwekwe. In an...

By Staff reporter | Published: 06 February 2019

LANDS & AGRICULTURE

Pork industry records 20% growth

THE number of slaughtered pigs increased by nearly 20% in 2018 compared to the previous year, but the sector remained heavily constrained by high costs of feed and veterinary medicines, an official ha...

By Staff reporter | Published: 04 February 2019

FINANCIAL SERVICES

ZB adjusts housing project costs

ZB Financial Holdings Limited (ZBFH) is making pricing adjustments for its Plumtree housing project due to cost escalations, chief executive Ron Mutandagayi has said."The cost escalations have caused ...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

Concern over slow MZWP progress as Bulawayo runs dry

Bulawayo residents have expressed concern over the slow progress in implementing the Matabeleland Zambezi Water Project (MZWP), which has been touted as the answer to the region's water crisis.MZWP is...

By Staff reporter | Published: 04 February 2019

MINING & RETAIL

Mine robbery gang members denied bail

The trial of eight Zvishavane men, who allegedly raided a Chinese mining company in Zvishavane recently failed to kick off in Gweru on Friday as the State is waiting for documents from their court of ...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

IDCZ disposes stakes in Almin Metal Industries, Stone Holdings

THE Industrial Development Corporation of Zimbabwe (IDCZ) has disposed of its shareholding in Almin Metal Industries and Stone Holdings as part of a restructuring process to be completed this year. Th...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

Investment bill to be gazetted in 2-3 weeks

THE Zimbabwe Investment Development Authority Bill (Zida) is set to be gazetted within the next few weeks. The merging of the country's investment entities mooted in May 2018 is inspired by the Rwanda...

By Staff reporter | Published: 04 February 2019

BUSINESS NEWS

Acute fuel shortages rock Zimbabwe again

Energy and Power Development minister Jorum Gumbo yesterday claimed that fuel companies were concentrating on supplying outlying areas resulting in a shortage of the commodity in urban areas.Gumbo mad...

By Staff reporter | Published: 03 February 2019

BUSINESS NEWS

TSL seeks forex to stay afloat

Industrial holdings group Tobacco Sales Limited (TSL) says it will this year focus on partnerships with international firms to generate foreign currency to cushion its operations.TSL's plan comes at a...

By Staff reporter | Published: 03 February 2019

TRANSPORT & TOURISM

Bulawayo Rainbow Hotel closes

The Rainbow Tourism Group will temporarily close the Bulawayo Rainbow Hotel to make way for renovations.Rainbow Tourism Group Corporate Communications and Innovations Manager, PrideKhumbula said the h...

By Staff reporter | Published: 03 February 2019

TRANSPORT & TOURISM

Zimbabwe airports' utilisation below 30%

Capacity utilisation at local airports has slumped to below 30 percent on the back of continued operational challenges facing national airline, Air Zimbabwe.This comes at a time the Civil Aviation Aut...

By Staff reporter | Published: 03 February 2019

TRANSPORT & TOURISM

Air Zimbabwe moves in to curb arbitrage

Financially-troubled national airline Air Zimbabwe (AirZim) has instructed its travel agents to start charging in foreign currency for passengers flying into the country as the company seeks to turnar...

By Staff reporter | Published: 01 February 2019

INDUSTRIALS & ENERGY

AB InBev gives Delta breathing space

Delta Corporation's anchor shareholder, AB InBev, will place over $120 million in unremitted dividends and fees in Reserve Bank of Zimbabwe (RBZ) savings bonds thereby reducing pressure on the demand ...

By Staff reporter | Published: 01 February 2019

FINANCIAL SERVICES

WorldRemit launches money transfer service from SA to Zimbabwe

Leading digital money transfer service WorldRemit has launched low-cost online money transfers from South Africa to Zimbabwe.Using the WorldRemit app or website, Zimbabweans living in South Africa can...

By Staff reporter | Published: 31 January 2019

MINING & RETAIL

South African firm injects R55 billion into Lupane gas

A SOUTH African mining firm Tumagole Consortium says it is committed to investing R55 billion into the Coal-Bed Methane mining project in Lupane. Tumagole Consortium officials, who were led by South A...

By Staff reporter | Published: 31 January 2019
Pages:
1
2
3
4
5
6
7
8
9
...

Editor's Pick

Announcements

Latest News

Latest Published Reports

Latest jobs