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BUSINESS NEWS

Expectations high at UNWTO indaba

The 20th session of the United Nations World Tourism General Assembly officially begins at the weekend in Victoria Falls amid high expectations the event will transform domestic tourism and the econom...

By Business reporter | Published: 21 August 2013

BUSINESS NEWS

Travel to Zimbabwe

Once one of Africa's most beautiful destinations, Zimbabwe has been off the mainstream tourism radar for years.Robert Mugabe's three decades of rule, while ostensibly democratic, have been widely cr...

By Rebecca L. Weber, for CNN | Published: 20 August 2013

AFRICA BUSINESS

No ban on SA's labour broking

Cape Town - The South African National Assembly on Tuesday adopted the labour relations amendment bill, which curtails labour broking but stops short of a ban.It was passed with 248 votes to 81, after...

By Sapa | Published: 20 August 2013

BUSINESS NEWS

'Bring back Zimdollar coins,' says CZI

Johannesburg - Zimbabwe's manufacturers asked the government to cut taxes and mint coins to boost demand for local goods, stimulate the economy and help reduce the perception of risk in the economy....

By Bloomberg | Published: 20 August 2013

EDUCATION

Institute of Logistics and Transport invites proposals

Zimbabwe's Chartered Institute of Logistics and Transport (CILT) is set to undertake an initiative where various stakeholders have been invited to suggest practical answers to the challenges facing th...

By Staff reporter | Published: 20 August 2013

ZSE TODAY

Industrials falls for 11th straight session

There were just 4 counters to trade lower against 5 risers on Tuesday but heavyweight counters BAT and Econet fell sharply resulting in the mainstream Industrials falling for the 10th straight session...

By Business reporter | Published: 20 August 2013

TELECOMS & TECHNOLOGY

Potraz threatens to penalise Econet over slashing of tariffs by 60%

POTRAZ  has today directed Econet to revert to the old punitive pricing of 25 cents per minutes for calls. This is the first time POTRAZ has reacted publicly to the tariff wars."POTRAZ has order...

By Staff reporter | Published: 20 August 2013

TRANSPORT & TOURISM

Meikles agrees interest rate for funds deposited with RBZ

Meikles Limited has agreed the rate of interest to be accrued on the funds held on deposit with the RBZ, Executive Chairman John Moxon told the AGM this morning. "The rate of interest to be acc...

By Business reporter | Published: 20 August 2013

OPINION

Imara Edwards Securities weekly review

The holiday shorted week was one of the heavily traded after deals worth USD 20.5m were closed during the three days. The cherry topping was provided by CBZH which traded 55.7m shares worth USD 8.4m o...

By Imara Zim Research | Published: 20 August 2013

MINING & RETAIL

Pick n Pay to open more branches in Zimbabwe

South African retail giant Pick n Pay is expanding its presence in Zimbabwe through its partnership with TM Supermarkets, a subsidiary of Meikles Limited, by investing US$25-million to upgrade the ch...

By Business reporter | Published: 20 August 2013

CONSTRUCTION & PROPERTY

Construction industry banks on mortgages

Stakeholders in the construction industry are pinning their hopes on the availing of mortgage finance by financial institutions to boost their operational capacity to at least 60 percent.The construct...

By Business reporter | Published: 20 August 2013

MINING & RETAIL

Implats warns of a huge earnings drop

Zimbabwe Platinum Mines Limited (Zimplats)' major shareholder Impala Platinum (Implats) has warned of a huge drop in its annual earnings due out end of August.The group - holding an 87 percent stake i...

By Business reporter | Published: 20 August 2013

MINING & RETAIL

Gold mine workers strike over $1,2 million wage dispute

Workers at a gold mine, the centre of a wrangle between Jamson Rushwaya and businessman Patterson Timba, have downed tools over an alleged outstanding $1,2 million wage bill.More than 300 employees of...

By Business reporter | Published: 20 August 2013

ZIMBABWE

Blending to reduce fuel import bill

THE proposed introduction of mandatory blending of ethanol (E5) and unleaded petrol is expected to reduce  the  fuel import  bill  by at least 5%, but some  motorists fear the...

By Business reporter | Published: 20 August 2013

AFRICA BUSINESS

Malawi eyes Harare, Lilongwe flights

Newly-formed Malawi Airline Limited (MAL) plans to resume direct flights between Harare and Lilongwe.With the flights having been suspended in 2004 by troubled national carrier Air Malawi due to oper...

By Business reporter | Published: 20 August 2013

INDUSTRIALS & ENERGY

Lifestyle Holdings downsizes

TN Mart, a unit of Lifestyle Holdings, has embarked on a massive downsizing exercise after the retailer closed four outlets in Harare last month, NewsDay reported.Lifestyle Holdings majority sharehol...

By Business reporter | Published: 20 August 2013

BUSINESS NEWS

Harare Airport road set to open next week

GOVERNMENT is next week expected to commission a $68 million dualised section of the Airport Road in bid to ease congestion and create a direct link between the central business district and Harare In...

By Staff reporter | Published: 20 August 2013

BUSINESS NEWS

NECF to craft agric blueprint

The National Economic Consultative Forum and Zimbabwe Agricultural Show Society will co-host the inaugural agro-business dialogue on the sidelines of the Harare Agricultural Show next week which seeks...

By Business reporter | Published: 20 August 2013

FINANCIAL SERVICES

Aon Zimbabwe rebrands

Insurance company Aon Holdings Limited will rebrand to Minerva Holdings following the successful acquisition of the company by Masawara Mauritius Limited. A source close to the development said follow...

By Business reporter | Published: 20 August 2013

MINING & RETAIL

Hwange acquires equipment

Hwange Colliery Company Limited has acquired new equipment from China as the company targets to raise production, the company's spokesperson said yesterday. The coal mining company would receive the f...

By Business reporter | Published: 20 August 2013

BUSINESS NEWS

Farmers cry foul over power cuts

Wheat farmers have expressed concern over the increased load shedding by national power utility Zesa Holdings over the past two weeks which is threatening the expected harvest of about nearly 30 000 t...

By Business reporter | Published: 20 August 2013

POLITICS

Zanu-PF finalising indigenisation modalities

Zanu-PF is finalising the implementation plans for the indigenisation programmes as envisaged in its elections manifesto and will roll them out once President Mugabe appoints his new Cabinet. Zanu-PF ...

By Staff reporter | Published: 20 August 2013

INDUSTRIALS & ENERGY

2 months altimatum for fuel dealers

The Zimbabwe Energy Regulatory Authority (ZERA) has given fuel dealers two months to comply with 5% mandatory blending following the licensing of the $600 million Chisumbanje ethanol plant under Green...

By Business reporter | Published: 19 August 2013

MINING & RETAIL

Gold mining requires $60m recapitalisation

The Chamber of Mines says Zimbabwe's gold mining industry requires US$60 million annually to recapitalise operations.A survey carried out by the Chamber of Mines estimates that the gold mining industr...

By Business reporter | Published: 19 August 2013

FINANCIAL SERVICES

ABC Holdings to evaluate share price

ABC Holdings' board has appointed a sub-committee of independent directors to oversee evaluation of the business in order to appropriately advise minority shareholders to sell or keep their shares.The...

By Business reporter | Published: 19 August 2013

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