Latest News

TRANSPORT & TOURISM

Air Zimbabwe leases a 50-seater Embraer jet

Air Zimbabwe has leased a 50-seater Embraer jet that is now servicing its domestic routes as it seeks to offer cost-effective services to its passengers. The jet, which is one of the two that will be...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Kasukuwere wants mandatory 50% local procurement quotas

The Minister of Youth Development, Indigenisation and Empowerment Saviour Kasukuwere has said his ministry would soon gazette a statutory instrument to give effect to the 50% local procurement clause...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE: Innscor snaps Industrials record setting run

Innscor was the only counter to trade lower on Monday and managed snap the mainstream Industrials' 3-day record setting run, closing a modest 0.15% off its all-time high of 212.08 but overall trading...

By Business reporter | Published: 10 June 2013

LANDS & AGRICULTURE

Zimbabwe operations boost Tongaat Hulett's earnings

Two Zimbabwe-based operations boosted Tongaat Hulett 's improved operating profits, the company said in a statement. "The two Zimbabwe operations generated operating profit of R630m up from R62...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Restructuring of POSB begins

Restructuring of the People's Own Savings Bank has started, following the engagement of legal and financial advisors to facilitate the transaction, Parastatals and State Enterprises Minister Gorden M...

By Business Reporter | Published: 10 June 2013

BUSINESS NEWS

Russian tycoon eyes ZSE listed company

NIKOLAY Varenko, the Russian billionaire angling to acquire Cairns Holdings, is expected in Harare next week for talks with the Government on the possibility of buying the entire stake in the Zimbabw...

By Golden Sibanda I Herald | Published: 10 June 2013

ZIMBABWE

Zim's economy now ranked among the top 10 in Africa

ZIMBABWE is now ranked among the top 10 economic performers on the continent, the Economic Report for Africa has revealed.Majority of these better performing countries are heavily dependent on oil o...

By Business Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe unveils its Airbus A320

Air Zimbabwe has introduced a leased Airbus A320 to its fleet to  service the Harare - Johannesburg route.The plane has been in South Africa for mandatory safety tests and is one of the two Airb...

By New Ziana. | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Turnall to open plant in Bulawayo

Asbestos products manufacturer Turnall Holdings last week said low product demand in the first four months of the year resulted in a 10 percent slump in turnover compared to the same period last year...

By New Ziana. | Published: 10 June 2013

FINANCIAL SERVICES

IFC snaps about 10.3% stake in ABC Holdings

THE International Finance Corporation has snapped about 10,3 percent stake in ABC Holdings after exercising an option to convert a 78 million pula (US$9,2 million) loan to the banking group into equi...

By Business Reporter | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe losing millions to gold smuggling

ZIMBABWE is losing over $50 million worth of gold every month to smuggling activities, according to the Minerals Marketing Corporation of Zimbabwe (MMCZ).Owing to the inability of government to finan...

By Business reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Jericho voted 'The Real Africa Advertising Agency of the Year 2013'

Jericho Advertising was honoured tonight at South Africa's prestigious AdReview Awards Ceremony in Johannesburg, walking away with the Africa Advertising Agency of The Year Award.Jericho CEO, Denf...

By Own correspondent | Published: 10 June 2013

MINING & RETAIL

Bon Marche Supermarket's fourth Aerobathon - video

The Bon Marche supermarket chain in Harare, Zimbabwe, held its fourth Aerobathon on Saturday the 23rd of March 2013. The aim was to promote a healthy lifestyle for Bon Marche customers in a fun and f...

By OK Zimbabwe | Published: 10 June 2013

BUSINESS NEWS

National Foods OK Grand Challenge Promotion 2013

National Foods is excited to be giving away a brand new Ford Ranger T6 single cab car in this year's OK Grand Challenge Jackpot Promotion.http://www.youtube.com/watch?v=E1nYLv6y5asTo enter, just ...

By OK Zimbabwe | Published: 10 June 2013

MINING & RETAIL

OK Supermarket Wynne Street branch opening - video

The OK supermarket chain in Zimbabwe celebrated the opening of its new Wynne Street branch in Harare on Thursday the 9th May 2013. OK's valued partner suppliers were on hand to provide a carnival atm...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe could lose access to global payments platforms

Central bank governor believes country could lose access to global payments platforms and external lines of credit if the indigenisation of foreign-owned banks is forced through.Gideon Gono, the Rese...

By Staff reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zim gets a new Airbus A320

Air Zimbabwe has taken delivery of an Airbus A320 which is expected to ply the Johannesburg route.The plane, which was going under routine maintenance and safety checks Thursday at the Harare Interna...

By Staff Reporter | Published: 10 June 2013

ZSE TODAY

ZSE: Industrials advances to cap record week

ZSE's Industrials continued to advance on Friday racing past the 212.00 level for the first time albeit in sluggish trades where only 5 counters traded in the positive territory while only 2 traded l...

By Business reporter | Published: 10 June 2013

LANDS & AGRICULTURE

SeedCo sales volumes down 10%

SeedCo is seeing more cash being generated by the business as the stock holding levels are being reduced, Chief Executive Officer Morgan Nzwere told analysts at a briefing yesterday.The group's sale...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe will not pay Zimplats for land grab

GOVERNMENT will not use taxpayers' money to pay for the 27 948 hectares of excess platinum holding land from Zimplats, Mines and Mining Development Minister Obert Mpofu has said.Minister Mpofu spelt ...

By Business Reporter | Published: 10 June 2013

OPINION

The case for buying Zimbabwe products

AS we edge towards the Buy Zimbabwe Procurement Conference scheduled for Monday May 27, at the Meikles Hotel, the demand for decisiveness in taking practical steps to reduce the current unsustainable...

By Vandudzai Zirebwa | Published: 10 June 2013

BUSINESS NEWS

Vingirai in new effort to get Intermarket back

Nicholas Vingirai's Transnational Holdings together with Econet Wireless Holdings Limited have resuscitated their legal battle to get the former Zimbank and Intermarket takeover reversed after filin...

By Financial Express | Published: 10 June 2013

ZSE TODAY

ZSE shares hitting fresh highs as volumes remain depressed

ZSE's Industrials hit another fresh record on Thursday amid strong interest in selected counters but overall volumes remained thin.Volumes for most of the counters that have recorded significant gain...

By Business reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Turnall sales and demand rebounds

Turnall saw a rebound in sales and demand in the month of April and grew sales for that month to bring volume deficit down from the 16% in Q1 to 6% for the year to April 2013, MD John Jere told the A...

By Business reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

Lafarge records static revenue performance

Lafarge's performance in the first 4 months was unchanged with revenue of $21.7 million, almost the same figure posted in the comparative period, MD Jonathan Shoniwa told the AGM this morning. "...

By Business reporter | Published: 10 June 2013

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