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BUSINESS NEWS

Fuel dealers warned

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. ...

By Staff reporter | Published: 19 August 2013

TRANSPORT & TOURISM

Meikles to lay off 55 workers

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...

By Staff reporter | Published: 19 August 2013

BUSINESS NEWS

Low cotton output projected

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 ...

By Business reporter | Published: 19 August 2013

LANDS & AGRICULTURE

Zimbabwe sold tobacco worth $609 million

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....

By Business reporter | Published: 15 August 2013

BUSINESS NEWS

Micro-Finance Unit for small-scale miners on cards

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....

By Business reporter | Published: 15 August 2013

MINING & RETAIL

Freda Rebecca leach tank 3-rebuild back online

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...

By Business reporter | Published: 15 August 2013

POLITICS

Bankers committed to working with new Government

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...

By Business reporter | Published: 15 August 2013

POLITICS

1,000 foreign owned firms submit Zim indigenization plans

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...

By Business reporter | Published: 15 August 2013

ZSE TODAY

Industrials extends losses to 8 straight sessions

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...

By Business reporter | Published: 15 August 2013

INDUSTRIALS & ENERGY

Meikles, RBZ discussion on funds held on deposit at advanced stage

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...

By Business reporter | Published: 15 August 2013

BUSINESS NEWS

Zimbabwe enforces cheap petrol blend

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...

By Business reporter | Published: 15 August 2013

ZIMBABWE

ZSE weekly review

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...

By Imara Edwards Securities | Published: 15 August 2013

INDUSTRIALS & ENERGY

Zimbabwe firm in JV with Swiss company

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...

By Business reporter | Published: 15 August 2013

FINANCIAL SERVICES

Competition and Tariffs Commission approves Aon deal

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...

By Business reporter | Published: 15 August 2013

BUSINESS NEWS

RBZ rules out Fidelity bids

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 ...

By Business reporter | Published: 14 August 2013

LATEST PUBLISHED REPORTS

ABC | Reviewed results for HY ended 30 Jun 13

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...

By ABC | Published: 14 August 2013

LATEST PUBLISHED REPORTS

CBZ | Unaudited results for HY ended 30 Jun 13

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...

By CBZ | Published: 14 August 2013

MINING & RETAIL

Blanket mine output to exceed target

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...

By Business reporter | Published: 14 August 2013

LANDS & AGRICULTURE

Agritex, Tobacco Research Board to collaborate

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...

By Business reporter | Published: 14 August 2013

BancABC share unmoved by bank's performance

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...

By Business reporter | Published: 14 August 2013

ZIMBABWE

Informal sector in depression

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...

By Staff reporter | Published: 14 August 2013

BUSINESS NEWS

Zimra launches blitz against defaulters

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...

By Staff reporter | Published: 14 August 2013

ZIMBABWE

Construction, agric sectors fail to attract investment

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...

By Business reporter | Published: 14 August 2013

BUSINESS NEWS

Skewed government policies restrain capital inflows

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...

By Business reporter | Published: 14 August 2013

ZSE TODAY

ZSE shares wallow in negative territory

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...

By Business reporter | Published: 14 August 2013

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