BUSINESS NEWS

'Multi-currency ban averted catastrophe'

ZIMBABWE'S shock move to abolish the multi-currency system last week helped the country avoid a potential "catastrophe", businessman Shingi Munyeza has said. The southern African country last week gaz...

By Staff reporter | Published: 05 July 2019
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BUSINESS NEWS

Zimbabwe can fix corruption scourge, says Munyeza

Prominent businessman Shingi Munyeza says Zimbabwe has the ability to fix the endemic corruption that has brought the economy to its knees.Speaking at the AMH conversations series titled Tackling the ...

By Staff reporter | Published: 04 December 2018
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MINING & RETAIL

Shingi Munyeza's franchise businesses crumble

Business Shingi Munyeza seems to have failed to grow the businesses he acquired several years ago as he is reportedly set to dispose the franchises.Munyeza started by scaling down operations at some ...

By Staff reporter | Published: 04 June 2018
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TRANSPORT & TOURISM

Munyeza's elite Mugg&Bean shuts branch

Zimbabwe's Mugg and Bean (M&B) franchise owner Shingi Munyeza, has shut down one of the exclusive restaurant's joints - Avondale branch - following non-renewal of its lease.Munyeza - who also hold...

By Staff reporter | Published: 29 January 2018
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MINING & RETAIL

Munyeza clinches more restaurant franchises

Businessman Shingi Munyeza has clinched three more international restaurant franchises as he seeks to extend his dominance in the fast-food sector.The former African Sun Limited chief executive, who a...

By Staff reporter | Published: 21 June 2015
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TRANSPORT & TOURISM

Munyeza resigns, as Brainworks plans ASL takeover

African Sun Limited (ASL) chief executive Shingi Munyeza has resigned with immediate effect, as private equity firm Brainworks Capital Management (BCM) plans a total takeover of the listed hospitality...

By Staff reporter | Published: 07 June 2015
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TRANSPORT & TOURISM

African Sun seeks 12% increase in seats

AFRICAN Sun says a 12 percent increase in seats is required to satisfy demand for room nights in peak periods in Victoria Falls hotels as this would help the hospitality group overturn a negative four...

By Staff reporter | Published: 09 July 2014
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TRANSPORT & TOURISM

African Sun to drive international market

African Sun will focus on driving the international market to grow ADR and volumes, group chief executive Shingi Munyeza told the AGM today."Driving international market to grow ADR and volumes; this ...

By Staff reporter | Published: 25 March 2014
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TRANSPORT & TOURISM

African Sun targets 20% pretax profit

African Sun Chief Executive Dr Shingi Munyeza told analysts yesterday that the Group is targeting a pre-tax return of 20% in FY14 after experiencing improved foreign arrivals this year. The compa...

By Staff reporter | Published: 13 December 2013
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BUSINESS NEWS

Munyeza acquires Mugg & Bean franchise

African Sun's CEO Dr Shingi Munyeza has acquired the franchise for South African food outlet, Mugg & Bean for the Zimbabwean market.Munyeza said he acquired the franchise for the specialised coff...

By Staff reporter | Published: 18 November 2013
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Business Daily Zimbabwe

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