THE People's Own Savings Bank (POSB) recorded a loss of $131 000 in operating profit in the first half of the year partly due to a drop in non- interest income and a decline in revenue reserves.Accor...
By Business reporter | Published: 30 August 2013
THE troubled Zimbabwe Engineering Company (Zeco) which is linked to flamboyant businessman Philip Chiyangwa recorded a depressing set of results for the financial year ended 2013. The depressing set ...
By Business reporter | Published: 30 August 2013
Meikles Centar Mining has cast acquisitive glances at Zimbabwe mining assets amid indications the company is planning to make a grand entrance onto the country's mining scene. A well-placed source sai...
By Business reporter | Published: 30 August 2013
Earnings for the 6 months to June for Stanbic Bank - a member of South Africa-headquartered Standard Bank - were up 23% to $8 million driven by growth in net interest income. Fee and commission income...
By Business reporter | Published: 30 August 2013
NMB chief executive officer James Mushore has warned that the cancellation of domestic consumer debts owed to local authorities and plans to write off more utility bills may worsen the liquidity crisi...
By Business reporter | Published: 30 August 2013
JOHANNESBURG, South-Africa - Ann Cairns, President of International Markets, MasterCard, with Peter Schlebusch, Group Executive, Standard Bank Group as they celebrate the signing of an agreement stren...
By APO | Published: 30 August 2013
THE Central African Building Society has remained on a solid growth path after net surplus in the interim to June 2013 rose 11 percent to $10,6 million driven by increases in both interest and non-int...
By Business reporter | Published: 29 August 2013
Gold Star sugar volumes were adversely affected by cheap imports which are dumped into the market, Star Africa's CEO Sam Mushiri told an AGM today. Mushiri noted that there is now an understanding wit...
By Business reporter | Published: 29 August 2013
Afdis continues to enjoy growth in volumes, revenues and profits as it regains its position in the spirit and wines market supported by improving operational efficiencies. Sales volumes grew by 18% w...
By Staff reporter | Published: 29 August 2013
Lafarge cement demand for the first 7 months of 2013 was constrained by limited construction activity, MD Jonathan Shoniwa said yesterday.Construction projects have not taken off as anticipated; cons...
By Staff reporter | Published: 29 August 2013
DAIRIBORD Holdings' core earnings fell 170 percent in the six months to June this year due to unusually high costs, including retrenchment packages and relocation of machinery. One of the country's l...
By Business Reporter | Published: 29 August 2013
AIR ZIMBABWE says it is targeting to resume flights to regional and international destinations before the end of this year.The airline suspended regional and international flights two years ago after ...
By Staff reporter | Published: 29 August 2013
ECONET WIRELESS might have complied with the regulatory authority directive against slashing voice call tariffs by more than half, but the company still faces investigation into the propriety or impr...
By Staff reporter | Published: 29 August 2013
Impala Platinum has been notified by the Zimbabwe government that its termsheets on indigenisation need to be revisited. The Company has been informed that the Government wishes to review the termshee...
By Business reporter | Published: 29 August 2013
Togo-Based Ecobank International plans to expand its footprint in Zimbabwe.The financial group, whose local unit Ecobank Zimbabwe Limited (EZL) already has 11 branches across the country, says it will...
By Business reporter | Published: 28 August 2013
After nearly nine months of development, Econet Wireless says it is now putting the final touches to a platform that will allow remittances to be made between South Africa and Zimbabwe.Zimbabweans li...
By Staff reporter | Published: 28 August 2013
Telecel has urged all subscribers with unregistered SIM cards to have them registered by Friday this week to avoid being disconnected."Any subscriber with an unregistered SIM card risks disconnection ...
By Mike Hamilton | Published: 28 August 2013
The short term insurer reported a set of impressive numbers underlined by a 14% growth in gross premium written to $16m. Rental and investment income declined slightly from $0.6m to $0.4m. However, c...
By Staff reporter | Published: 28 August 2013
AFRASIA Kingdom says Marange diamond fields will become the largest diamond producer in the world based on the 16.9 million carats the project is expected to produce this year.In its weekly commentary...
By Business reporter | Published: 28 August 2013
Hwange Colliery Company mine workers went on strike on Monday over unpaid salaries. Jemister Chininga, the company's acting managing director, yesterday confirmed that the employees, who claim they ar...
By Staff reporter | Published: 28 August 2013
Alpha and Omega, a subsidiary of Gushungo Holdings, has plans to increase output at its beverage-making unit by 40 times to 200 000 litres per day due to growing export and domestic demand, a company ...
By Staff reporter | Published: 28 August 2013
Delisted ZSE manufacturing concern Steelnet will settle its debt after disposing assets. It has emerged that the company's liabilities continue to outstrip the value of assets valuated by an independe...
By Staff reporter | Published: 28 August 2013
Zimbabwe's gold deliveries for the month of May increased marginally by 4.6% from 1 081.93kg in April 2013 to 1 131.27 kilogrammes in May as output by small-scale miners registered a significant growt...
By Staff reporter | Published: 28 August 2013
The Zimbabwe Stock Exchange is fast becoming an ideal platform for facilitating the indigenisation of foreign-owned firms in compliance with the Government policy to transfer 51 percent equity of such...
By Staff reporter | Published: 27 August 2013
ZIMBABWE'S small mobile operators are charging the most expensive voice call tariffs in the southern African region, a study by Research ICT Africa Network shows.In the study, the smaller operators ar...
By Staff reporter | Published: 27 August 2013
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
