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MINING & RETAIL

Zimplats posts $65m profit

PLATINUM mining giant Zimplats recorded an operating profit of US$65 million for the quarter ended March 31, 2013, representing a 26 percent increase over the same period last year. Revenue for the ...

By Business Reporter | Published: 10 June 2013

FINANCIAL SERVICES

CBZ maintains forecast of 10% growth in total income

CBZ is still maintaining the forecast it made at its last analyst briefing of 10% growth in total income, group chief finance officer Never Nyemudzo told the AGM today. "We expect our balance ...

By Business reporter | Published: 10 June 2013

ZSE TODAY

Industrials little changed as activity slowed ahead of Workers Day holiday

ZSE's Industrials were little changed on Tuesday, the last day of the month, as activity slowed ahead of Workers Day holiday tomorrow.Gains in heavyweight counters ABC, Econet, Innscor, OK Zimbabwe ...

By Business reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Phoenix likely to report a loss

Phoenix has had a tough 4-5 months and at this stage it looks like it will be making a smallish loss for the half year to April, group CEO Francis Rodrigues told the AGM this afternoon. He said...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

National Foods wins Best Zimbabwean Food Group Exhibit prize

National Foods won the prize for the Best Zimbabwean Food Group Exhibit at the Zimbabwe International Trade Fair in Bulawayo last week.Malawi President Joyce Banda, who was the guest of honour at t...

By Mike Hamilton | Published: 10 June 2013

TRANSPORT & TOURISM

Travel House UK - providing bookings for Air Zimbabwe

Air Zimbabwe has aligned itself to another milestone by covering all domestic routes on daily frequency, serving Johannesburg along with Bulawayo and Victoria Falls with daily flights from Harare. T...

By TravelHouseUK | Published: 10 June 2013

ASIA PACIFIC

Western retailers to compensate victims of Bangladesh disaster

Two Western retailers have promised to compensate families of garment workers killed while making their clothes in a Bangladesh factory building that collapsed last week in the country's worst indus...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

ZITF was an improvement

Professor Welshman Ncube has said the 54th Zimbabwe International Trade Fair (ZITF) was an improvement from last year because high quality products were showcased as compared to last year.The 2013 ...

By New Ziana. | Published: 10 June 2013

TRANSPORT & TOURISM

Rainbow Airlines seeks licence to fly in Zimbabwe

Rainbow Airlines has applied to the aviation licensing board seeking permission to fly within and outside Zimbabwe.Part of the latest Government Gazette published last Friday read: "Notice is hereby...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Another airline joins the Zimbabwe route

Air Namibia joins Emirates and Ethiopian airlines that are offering flights between Harare and Lusaka.Air Namibia is introducing four flights per week between Harare and Lusaka, Zambia, starting tom...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Street vendors to sell prepaid Zesa cards

Cash strapped Zimbabwe Electricity Supply Authority has upgraded its prepaid electricity meter system to allow users to buy coupons from street vendors and selected outlets.The system begins today, ...

By Staff reporter | Published: 10 June 2013

ZSE TODAY

ZSE shares open week higher on selected heavyweights

ZSE shares reversed last Friday's losses to open the week in the green largely on gains in BAT, Delta, Lafarge and OK Zimbabwe.The Industrials Index recovered 0.70 points or 0.37% to 189.64 with hea...

By Business reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Emirates committed to offering Zim travellers 'value for money'

Emirates has emphasised its commitment to offering Zimbabwean travellers year-round competitive and value for money economy fares, with a high quality of service and experience while travelling to ...

By Own correspondent | Published: 10 June 2013

FINANCIAL SERVICES

Mukuru.com has launched a cellphone banking debit card

Mukuru.com launches the 'Mukuru Card'.Mukuru.com said it is excited to announce the launch of the Mukuru Card, a safe and secure way for you to bank with InterAfrica-Mukuru in South Africa.What is...

By Business reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Unilever launches 'Omo wash and fly to Dubai promotion'

UNILEVER last week launched the "Omo Wash and Fly to Dubai Promotion" that will see five lucky winners getting an all-expenses paid trip to Dubai plus US$800 spending money.The promotion was launche...

By Staff reporter | Published: 10 June 2013

ZIMBABWE

Zim women miners eye US$200m deal for diamond mining

The Zimbabwe Women in Mining is negotiating for a US$200 million deal with a South African investor to sponsor women to mine diamonds in the Chiadzwa area of Marange, an official has said.Four diamo...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

'Zimbabwe has potential to be a $100 billion economy'

ZIMBABWE has potential to achieve a US$100 billion economy earlier than 2020, despite a ballooning external debt overhang and only requires right leadership and personality, a former finance ministe...

By Moses Chibaya | Published: 10 June 2013

BUSINESS NEWS

'Resuscitate Bulawayo industries,' says Khupe

DEPUTY Prime Minister Thokozani Khupe says Bulawayo's collapsed industries could be revived if all stakeholders work together.Once the country's industrial hub, companies in Bulawayo have either clo...

By Staff reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

TelOne requires US$76 million to roll countrywide fibre optic network

FIXED telecommunications service provider TelOne says it requires at least US$76 million to roll out its fibre optic network across the country, The Sunday Mail Business has learnt.The telecoms com...

By Staff Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe cashs in on ZITF

Cash-strapped Air Zimbabwe is cashing in on the on-going Zimbabwe International Trade Fair (ZITF) with all its flights into the second city fully booked until the end of the business jamboree on Sun...

By Staff reporter | Published: 05 June 2013

MINING, PROPERTY

'Fears that Zim will strip foreign mines without compensation are unfounded'

Fears that Zimbabwe's government will strip foreign mines of half their assets without compensation are unfounded, according to Kalaa Mpinga, chief executive of Mwana, which has gold and nickel opera...

By Reuters | Published: 05 June 2013

COMPANIES

Masvingo-Beitbridge highway accident - four people die

Four people died, three of them on the spot, when a minibus they were travelling in burst a rear tyre and veered off the road before landing on its roof in Mwenezi along the Masvingo-Beitbridge highwa...

By Staff Reporter | Published: 27 April 2013

TRANSPORT & TOURISM

Air Zimbabwe suffer blow

Air Zimbabwe's revival suffered a major blow yesterday after the High Court dismissed its request for urgent hearing of its application to stop a former manager from auctioning 29 vehicles he attache...

By Staff Reporter | Published: 05 June 2013

TELECOMMS & TECHNOLOGY

Econet scoops the 2013 ZITF best overall Zimbabwean display award

ECONET Wireless yesterday scooped the 2013 Zimbabwe International Trade Fair (ZITF) best overall Zimbabwean display award.The mobile phone company received the President’s award and the ZITF gold m...

By Staff Reporter | Published: 05 June 2013

ZSE TODAY

ZSE: Industrials snaps 2-day rising streak at week's ending

ZSE shares were back in the negative territory on Friday, breaking a 2-day rising streak in a session where only 5 counters managed gains while 6 traded in the red.Volumes dropped in the session as t...

By Business reporter | Published: 05 June 2013

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