Fuel operators risk losing their trading licences if they fail to comply with the mandatory blending of petroleum products and provide weekly returns to the Ministry of Energy and Power Development. ...
Meikles Stores says it will lay off 55 workers in Harare and Gweru as the retail giant continues making losses since the advent of dollarisation four years ago. But the process could run into problem...
A sharp decline in local cotton output is projected this year while concerns abound that crop funding by merchants for the next season may be lower than the previous year. It is understood that some ...
Tobacco growers have earned US$609 million from the sale of 165,5 million kg flue cured tobacco with the contract floors selling more than double the volume of tobacco sold through the auction floors....
THE Zimbabwe Miners Federation is planning to set up a micro-finance unit for small-scale miners as a way of promoting self-reliance and doing away with the dependency syndrome on Government bailouts....
THE tank 3-rebuild programme at Freda Rebecca is now complete paving the way for an increase in production.The tank sustained damages in a leach tank incident that occurred in February.According to Mw...
THE Bankers Association of Zimbabwe has pledged its commitment to work with the Zanu-PF led Government after the party’s resounding victory in the harmonised elections.The revolutionary Zanu-PF Part...
ABOUT 1 000 foreign owned firms have submitted plans to comply with indigenisation thresholds, but less than half have so far been approved, an official said. A total of 1 119 plans have been processe...
Delta shares recovered on Thursday but failed to inspire the mainstream Industrials as losses in other heavyweights and across the main board saw the market ending lower for the 8th straight session.T...
Progress has been made in getting better terms on the Meikles funds held on deposit with the RBZ, according a Meikles interim management report published today. "The discussions are nearing concl...
The Zimbabwean government has, with immediate effect, introduced mandatory blending of anhydrous ethanol and unleaded petrol at the level of 5% ethanol and 95% unleaded petrol (known as E5).Appropriat...
The industrial index lost a massive 15.2% on the back of a land slide victory by Zanu-PF in the just ended harmonised election. The market reacted unfavorably to the news as the investing public diges...
A Zimbabwe-based firm, Oxygen Group, with interests in venture partnerships and business advisory, has partnered a Swiss company Meeco Group to promote and develop the use of solar energy in the count...
The Competition and Tariffs Commission has approved the acquisition of Aon Holdings Limited majority stake by Masawara Mauritius Limited. Masawara is a diversified investment company with direct inter...
The Reserve Bank of Zimbabwe (RBZ) says it will maintain a controlling stake in Fidelity Printers and Refiners as efforts are on-going to mobilise funds for its recapitalisation.Fidelity Printers and ...
ABC | Reviewed results for HY ended 30 Jun 13Financial Highlights:- Currency: BWP- Total income: 701 326 000- Net income from operations: 171 949 000- Profit before tax: 169 123 000- Profit for the pe...
Financial Highlights:- Net interest income: $ 43 924 869- Total income: $ 69 189 293- Operating income: $ 27 095 210- Profit before taxation: $ 20 301 627- Profit for the half year after tax: $ 15 963...
CALEDONIA Mining Corporation, which is listed on the Toronto Stock Exchange, expects Blanket Mine to exceed targeted annual gold output by 10 percent after production in the second quarter came in ah...
The Tobacco Research Board has engaged Agritex in training farmers on the important aspects of tobacco production.This is meant to improve the quality of the tobacco produced by farmers so that it sui...
DESPITE reporting strong interims for the period ending June 30 and bright future prospects, ABC Holdings' performance has not been reflected by the company's shares, analysts have said.Analysts who s...
BULAWAYO'S informal sector is singing the blues, as business continues to be depressed, largely due to cut-throat competition and a cash squeeze in the second largest city.In interviews, informal trad...
THE Zimbabwe Revenue Authority (Zimra) has launched a blitz against businesses and individuals owing the revenue authority.Zimra has highlighted concerns of late submission of returns and a growing li...
THE construction and agriculture industries are at the deep end after failing to attract any foreign direct investments (FDI) in the six months ended June, as potential suitors continue to shun the se...
Uncertainty over government policies will continue to deter capital inflows needed to revive the economy despite Zimbabwe offering an array of investment opportunities, international experts have said...
ZSE shares remained in the red at the start of the holiday shortened week on Wednesday with heavyweight counters losing considerable ground.There were significant losses across all sectors on the boar...