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BUSINESS NEWS

Victoria Falls benefiting tourist source countries

OUTGTOING Tourism and Hospitality Industry Minister Walter Mzembi says tourist arrivals in the resort town of Victoria Falls are benefiting source markets financially and not Zimbabwe due to misalignm...

By Business reporter | Published: 19 August 2013

BUSINESS NEWS

UNWTO preps almost complete

Zimbabwe and Zambia have announced that everything is in place to co-host the 20th United Nations World Tourism Organisation General Assembly from August 24-29 this year.With a week to go before the w...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Congestion eases at Beitbridge

Congestion that build up at Beitbridge Border Post over the weekend has eased following the completion of the installation of a new clearance customs processing system called Interfront Customs Borde...

By Staff reporter | Published: 19 August 2013

MINING & RETAIL

1 killed, 2 injured in mine accident

ONE miner was killed on Wednesday at Blanket Mine after he was trapped by his shifting chain, while two others were injured and rushed to Mater Dei Hospital with serious injuries, when the ground they...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Work-related deaths decline to 38

THE number of people dying in work-related accidents slightly declined to 38 in the first half of this year compared to 43 fatalities during same period last year, the National Social Security Authori...

By Business reporter | Published: 19 August 2013

ECONOMC INDICATORS

Zimbabwe inflation slows down

ZIMBABWE's inflation slowed by 0,62 percentage points to 1,25% in July down from 1,87% recorded in the previous month, due to a drop in the demand for goods and services during the period.According to...

By Business reporter | Published: 19 August 2013

BUSINESS NEWS

Govt urged to reintroduce export incentives

The Zimbabwe National Chamber of Commerce (ZNCC) says the government should reintroduce export incentives and the scraping of surtax on some of the raw materials to improve industrial competitiveness....

By Business reporter | Published: 19 August 2013

ZSE TODAY

Industrials' post election sell-off persists

ZSE's Industrials remained stuck in the negative territory after Monday trades as post election sell-off spilled into the 3rd consecutive week.The Industrials Index dropped 2.90 points or 1.54% to 185...

By Business reporter | Published: 19 August 2013

OPINION

Analyst's opinion on Econet tariff cut

Econet (ECO:ZH) is reported to have cut tariffs by 60% to other networks and has also introduced discounts of up to 90% for intra-network calls made within the 'Buddiezone'. It's worth noting that t...

By Imara Africa Securities I Addmore Chakurira | Published: 19 August 2013

ZSE TODAY

ZSE shares end week lower

ZSE shares remained in the negative territory at the close of the holiday shortened week amid reasonable volumes across the board that saw daily turnover jumping to $15.21 million, its best level this...

By Business reporter | Published: 19 August 2013

FINANCIAL SERVICES

MBCA sees opportunity after elections

MBCA Bank, a unit of South Africa's Nedbank, has positioned itself to take advantage of opportunities that may be presented by the political and economic environment after the harmonised elections.Ba...

By Business reporter | Published: 19 August 2013

FINANCIAL SERVICES

Foreign investor snaps CBZ shares

A cash-rich Malaysian-based private equity fund has snapped more than a tenth of CBZ issued shares in a special bargain deal worth $8.3 million. Close sources said Safari Quantum bought 55.67 million...

By Staff reporter | Published: 19 August 2013

TRANSPORT & TOURISM

Meikles secures long-term funding

MEIKLES Limited has secured funding for its capital projects as it reported strong interims for the period ended June 30 with most divisions showing growth. "The group has secured long term funding f...

By Business reporter | Published: 19 August 2013

AFRICA BUSINESS

SADC to finalise proposed development fund

The Southern African Development Community is finalising the modalities of a long-awaited development fund to accelerate the regional integration agenda.According to a document released ahead of the ...

By Staff reporter | Published: 19 August 2013

TELECOMS & TECHNOLOGY

Econet slashes cost of calls by 60%

MOBILE telecommunications giant Econet Wireless says it has slashed the cost of calls to other mobile phone operators' networks by 60 percent in what seems a direct reaction to growing competition.Ec...

By Business reporter | Published: 19 August 2013

BUSINESS NEWS

Zimra set to improve vehicle clearance

Zimra is set to move the payment of import duty on motor vehicles to Manica Transit Shed in a move set to improve efficiency and convenience for car dealers and individuals. The accounts department w...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Less than 20 000 tonnes of maize delivered

An increase in the maize producer price has failed to translate into improved deliveries to the Grain Marketing Board amid reports that nearly 20 000 metric tonnes have been delivered to national si...

By Business reporter | Published: 19 August 2013

BUSINESS NEWS

Foreign firms rush to indigenise

Hundreds of foreign-owned companies that have been defying indigenisation law compelling them to ensure at least 51% shareholding is held by Zimbabweans are now rushing to regularise their operations...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

The world comes to Zim as UNWTO kicks-off

Construction of the glass-and-aluminum conference centre that will host the 20th session of the United Nations World Tourism Organisation General Assembly in Victoria Falls this Friday is complete. Z...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

CAAZ ready for general assembly

The country's major airports are ready to deal with an anticipated increase in air traffic as a result of foreign delegates expected to attend the United Nations World Tourism Organisation general as...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Zimbabwe geared to ensuring a successful UNWTO Assembly

Outgoing Tourism and Hospitality Industry Minister Walter Mzembi has expressed confidence that Zimbabwe and Zambia will successfully co-host the 20th United Nations World Tourism Organisation General...

By Staff reporter | Published: 19 August 2013

MINING & RETAIL

New Dawn mulls selling 2 mines

Toronto Stock Exchange-listed New Dawn Mining is considering disposing of 2 of its 5 mines in Zimbabwe as part of efforts to raise additional capital. This comes as the Zimbabwe focused gold miner's ...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Dairy industry lobbies for surtax on imports

Zimbabwe's dairy industry is lobbying government to introduce surtax on imported South African dairy products flooding the market. Due to high production costs in the country, imported milk from Sout...

By Business reporter | Published: 19 August 2013

FINANCIAL SERVICES

Old Mutual sees growth in Africa

Old Mutual plc is consolidating its foothold in Africa as it seeks to leverage on growing opportunities emerging from the continent. The group, which recorded a robust operational performance in the...

By Staff reporter | Published: 19 August 2013

POLITICS

CZI urges caution on indigenisation

The Confederation of Zimbabwe Industries has advised the soon-to-be formed government to put on hold a blanket approach on the indigenisation and empowerment regulations, adding that the policy requ...

By Staff reporter | Published: 19 August 2013

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