SYDNEY - Kevin Rudd's victory as leader of Australia's governing Labor Party may boost consumer and company confidence before an election that could be held as early as August, according to investors,...
LONDON - Britain suffered a much deeper recession in 2008-09 than first thought and the economy remains further from recovering its pre-crisis size, according to sweeping revisions to official data.Re...
POINTING to Africa’s crippling lack of electrical power, US President Barack Obama was due to announce on Sunday a $7bn initiative over five years to double access to power in sub-Saharan Africa."We...
Listed clothing retailer Edgars Stores Limited (Edgars) plans to open three new outlets of its budget shop - Jet Stores (Jet).The group began trading under the South African Jet banner in November 20...
Hwange Colliery Company Limited is going ahead with a strategy to recapitalise the operations as the main thrust that would meaningfully change the fortunes of the firm, acting MD Stanford Ndlovu to...
PG sales in the five months to May increased 21% to $14.3 million over the same period last year. CE Hillary Munyati told the AGM this afternoon that the improved performance had been achieved agains...
ZSE's Industrials slumped to their seventh consecutive loss on Thursday as Delta shares plummeted again amid selling pressure with just one trading session left in the first half of 2013.The Industri...
FBC Building Society has since the beginning of this year constructed and sold a total of 68 properties, group CE John Mushayavanhu told the AGM this afternoon. The Building Society will be comm...
Zimpapers has acquired a highly digitalised and more efficient printing press, Orient X-Cel, from India for $2.5 million.Zimpapers CEO Justin Mutasa told Zimpapers AGM this afternoon that the printin...
Pioneer Corporation Africa is awaiting final approval for the Unifreight transaction which is expected in the next few weeks.Pioneer CEO Albert Ushe told the company AGM this morning that the purchase...
GB Holdings expects an increase in capacity utilisation, sales volume and an overall cost reduction after the group accessed $1 million funding from the Distresses and Marginalised Areas Fund (DIMAF)....
Nearly every mining operation in Zimbabwe is currently hamstrung by working capital constraints, and efforts to focus on offshore capital markets are already hurt by risk aversion, said Ernst & Yo...
ASSET management and securities trading company Imara SP Reid Stockbrokers on Tuesday launched an investment platform enabling its retail clients to make investments in any stock market in Africa wit...
Selling pressure in mostly heavily capitalised counters saw the Industrials close in the red on Tuesday for the 5th consecutive session.The Industrials Index dropped 1.73 points or0.80% to 215.24 trim...
Zimre Holdings Limited recorded 38% growth in operating profit in the first quarter as a result of improved collections and cost control initiatives implemented by the firm, group CEO Albert Nduna ...
The recently elected president of the Institute of Chartered Secretaries and Administrators in Zimbabwe, Mr Glovah Ngoni Madzima, says weak corporate governance frameworks reduce investor confidence. ...
White doves were released at the Pretoria hospital where former president Nelson Mandela remained in a critical condition.Businessman Calvern Hugo today released about 60 birds near the Celliers Stree...
Zimbabwe's trade deficit in the 4 months to April widened to US$1.6 billion after it imported goods worth US$2.62 billion against exports of $1.02 billion.According to statistics made available by Zi...
Schweppes MD Charles Msipa was last week elected CZI president for the 2013-14 period taking over from Nestle Zimbabwe CE Kumbirai Katsande. Before the appointment, Msipa was the first VP of the indu...
Zimbabwe's year-on-year inflation rate for the month of May declined to 2.20% vs April 2.49% while month on Month in May was -0.21% versus -0.07% in April according to figures from ZimStat.The continu...
ZSE shares ended lower on Friday as investors extended profit taking mostly in Delta to a third straight session.The Industrials Index closed the week in the red after easing 0.08 points or 0.04% to 2...
TSL Limited posted a 31% growth in revenue to $20.22 million for the six months ended 30 April 2013 from $15.38 million in the same period last year on the back of strong performance from the group's ...
OK Zimbabwe board of directors on 7 June 2013 declared a final dividend of 0,40 cents per share payable out of the profits of the company for the year ended 3 I March 2013.The dividend will be payable...
Delta shares dragged the Industrials lower for the second consecutive session on Thursday largely on profit taking whie BAT shares advanced to another all-time best of $9.The Industrials Index eased 1...
Zimbabwe Prime Minister Morgan Tsvangirai on Thursday rejected a plan by President Robert Mugabe to hold an election on July 31, accusing his rival of breaking the constitution and fomenting a politic...