Latest News

TRANSPORT & TOURISM

UNWTO maiden ship cruise to be launched

United Nations World Tourism Organisation brand ambassadors together with captains of the tourism and hospitality industry are set to be treated to a maiden cruise on the Zambezi Trader that will be l...

By Business reporter | Published: 21 August 2013

BUSINESS NEWS

Harare Show preps almost complete

The Zimbabwe Agriculture Society is satisfied with preparations for the 2013 Harare Agricultural Show, which starts this Friday.ZAS said everything was in order with exhibitors now putting final touch...

By Business reporter | Published: 21 August 2013

FINANCIAL SERVICES

FBC in $8.3 million profit

FBC recorded a 20 percent increase in after tax profit to $8.3 million during the financial period ending June 30, 2013 as it continues to be well placed to exploit the new business environment.The pr...

By Business reporter | Published: 21 August 2013

TRANSPORT & TOURISM

Good times roll at RTG

Rainbow Tourism Group's growth strategy, which includes cost reduction and boosting of revenue, has begun paying dividends with the group achieving a 4 percent growth in revenue to $13,2 million durin...

By Business reporter | Published: 21 August 2013

INDUSTRIALS & ENERGY

Zimbabwe govt urged to invest in power

Industrialists have called upon the government to make substantial investments in power generation and the adoption of renewable energy to boost industrial capacity utilisation.The call for the invest...

By Business reporter | Published: 21 August 2013

AFRICA BUSINESS

SA inflation exceeds 6% target

South African inflation exceeded the 6 percent upper limit of the central bank's target for the first time in 15 months as a weaker rand boosted fuel costs.The inflation rate rose to 6.3 percent in Ju...

By Rene Vollgraaff | Published: 21 August 2013

JOBS

Delta Beverages: Sales Manager Vacancy

SALES MANAGER - LAGERS (D) - OPERATIONS NORTHApplications are invited from suitably qualified persons for the above post that has arisen in the Sales and Distribution Department at Lagers. The incum...

By Delta | Published: 21 August 2013

TELECOMS & TECHNOLOGY

Econet launches LTE services in Zimbabwe

Econet Wireless's fairly new Chief Commercial and Customer Services Officer, Stan Henning announced today that Econet's LTE (commonly referred to as 4G) service has been officially switched on and ...

By Business reporter | Published: 21 August 2013

ZSE TODAY

ZSE's Industrials snaps 11-day losing streak

ZSE's Industrials snapped its 11-day losing streak on Wednesday as buyers resurfaced in selected counters ahead of President Mugabe's inauguration tomorrow.The Industrials Index recovered 0.39 points ...

By Business reporter | Published: 21 August 2013

TRANSPORT & TOURISM

Promotions boost Air Zimbabwe

NATIONAL CARRIER Air Zimbabwe says its passenger patronage per flight is set to increase to between 90 and 95% courtesy of its on-going promotion which has seen a reduction in airfares by more than ha...

By Business reporter | Published: 21 August 2013

ZSE TODAY

ZSE market comment

Turnover rebounded to $4,037,014 on the back of brisk trade in Delta, Econet and OK Zimbabwe. The rest of the market was extremely quiet as investors pondered their next move in light of the rapid dec...

By Business reporter | Published: 21 August 2013

MINING & RETAIL

Gold price of $1 500/oz needed to cover costs

The cost of producing an ounce of gold under the World Gold Council's new all-in cost metric is $1 500/oz, says Gold Fields CEO Nick Holland.Holland, who addressed the Gordon Institute of Business Sc...

By Creamer Media Reporter | Published: 21 August 2013

INDUSTRIALS & ENERGY

MedTech Holdings disposes of subsidiary

LOCAL pharmaceuticals manufacturer MedTech Holdings has completed disposal of its subsidiary, Zimbabwe Pharmaceuticals, closed in November last year due to its continuous loss-making and viability con...

By Business reporter | Published: 21 August 2013

POLITICS

Thursday a public holiday

GOVERNMENT has declared tomorrow - Thursday August 22, 2013 - a public holiday to give all people an opportunity to attend President Mugabe’s inauguration at the National Sports Stadium in Harare.Pu...

By Staff reporter | Published: 21 August 2013

AMERICAS

Wall Street bounces to end four-day skid; retailers gain

New York-The S&P 500 bounced on Tuesday to end a four-day losing skid, as earnings from Best Buy and TJX Cos helped buoy retailers and consumer discretionary stocks.TJX Cos (TJX.N) was the top boo...

By Reuters | Published: 21 August 2013

EUROPE

FTSE 100 falls to six-week low after Asia sell-off

London-The FTSE 100 fell to a six-week low on Tuesday, after Asian shares continued to slump amid concerns about the impact of an expected cut in US stimulus.London's benchmark index fell as low as 63...

By The Telegraph | Published: 21 August 2013

EUROPE

Germany says Greece will need more support

London-Greece will need additional financial support from its European partners on top of existing bailouts worth 240 billion euros, a senior German politician said Tuesday.Speaking during an electi...

By CNN News | Published: 21 August 2013

AMERICAS

Bankruptcy court approves Patriot Coal labor deal

New York-A U.S court approved a labor deal between bankrupt Patriot Coal Corp (PCXCQ.PK) and its miners' union on Tuesday, putting the company on track to emerge from bankruptcy by the end of the year...

By Reuters | Published: 21 August 2013

AMERICAS

Tesla says model S Sedan receives top U.S. crash rating

Los Angeles-Tesla Motors Inc (TSLA), the electric-car maker led by billionaire Elon Musk, said its flagship Model S sedan received the highest crash test ratings of any car tested by U.S. regulators.T...

By Bloomberg | Published: 21 August 2013

AFRICA BUSINESS

2 000 miners rally over Amplats job cuts

Rustenburg-Around 2 000 mineworkers converged at an Anglo American Platinum mine in the restive platinum belt on Tuesday over plans by the world's top producer to cut 6 900 jobs amid unrest in the sec...

By AFP | Published: 21 August 2013

TELECOMS & TECHNOLOGY

Mobile phone subscribers criticise Potraz

Mobile phone subscribers have criticised the country's telecoms regulator for ordering Econet to revert to old tariffs barely a week after the operator had slashed the rates by up to 60%. The Postal a...

By Business reporter | Published: 21 August 2013

MINING & RETAIL

ZMDC invests $4 million in exploration

STATE-OWNED Zimbabwe Mining Development Corporation (ZMDC) has spent $4 million in an effort to operationalise its exploration arm, more than six months after missing the initial deadline.ZMDC genera...

By Business reporter | Published: 21 August 2013

MINING & RETAIL

Meikles mining partner ready to inject $500m

ZIMBABWE Stock Exchange listed conglomerate Meikles Limited has said its new foreign-based mining partner, Centar Mining, is ready to invest up to $500 million as the group spreads its tentacles into ...

By Business reporter | Published: 21 August 2013

BUSINESS NEWS

Cotton indaba on today

Cotton side marketing and viability challenges are likely to dominate discussions when stakeholders meet today to deliberate on issues affecting the sector. The indaba, co-ordinated by the Agricultura...

By Staff reporter | Published: 21 August 2013

TELECOMS & TECHNOLOGY

Telecel lights up Vic Falls Bridge

Telecel is lighting up the Victoria Falls bridge between Zimbabwe and Zambia as part of its contribution to the United Nations World Tourism Organisation General Assembly being hosted by the two count...

By Business reporter | Published: 21 August 2013

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