BRITISH American Tobacco Zimbabwe (BAT) has called on governments across Southern Africa to carefully consider the unintended consequences of increased taxes on tobacco products with the intention of ...
By Staff reporter | Published: 02 June 2014
MASHONALAND Holdings Limited has recorded a 28% decline in after tax profit to $1,6 million for the half year ended March 31 2014 as compared to $2,7 million over the same period last year.In a statem...
By Staff reporter | Published: 02 June 2014
ZIMBABWE'S largest beverages producer Delta Corporation Limited, has announced plans to upgrade its plant and machinery at a cost of $54 million in a programme expected to run until next March.Company...
By Staff reporter | Published: 02 June 2014
Impala Platinum Holdings Limited (Implats)'s Zimbabwean unit Zimplats says government has not yet responded to its objection to the compulsory acquisition of its 28 000 hectares of land.The grabbed la...
By Staff reporter | Published: 02 June 2014
Cairns Holdings prospective investor Vasari Global has requested to renegotiate a number of issues with major creditors amid fears the deal could collapse over undisclosed differences.In an update to ...
By Golden Sibanda | Published: 02 June 2014
More retrenchments are looming at PG Industries as the group seeks to turn around its fortune after sinking deeper into the red, posting a $11,3 million loss for the year ended December 2013.The group...
By Staff reporter | Published: 02 June 2014
Zimplats will start refurbishing its base metals refinery at a cost of $100 million in July after completing a preliminary plant assessment.Addressing delegates during a tour of Zimplats' operations o...
By Staff reporter | Published: 02 June 2014
Banks charge punitive interest for loans to industry and commerce because they get funds at a premium due to the high country risk profile, a central bank official said.RBZ senior divisional chief, ec...
By Golden Sibanda | Published: 02 June 2014
Padenga Holdings Limited CE Gary Sharp told the AGM this morning that the demand for crocodile meat remains weak in Europe and Asia, as the group's efforts were focused on searching for alternative vi...
By Staff reporter | Published: 30 May 2014
Seven employees, including a manager, were seriously injured after a gas tank exploded in a mine tunnel at Freda Rebecca Mine on Tuesday. Some of the seven were taken to Bindura Provincial Hospital be...
By Staff reporter | Published: 30 May 2014
Zimbabwe Power Company (ZPC) says the design for Kariba South expansion has been approved and a hydrographic survey is being conducted by Sinohydro in Lake Kariba around the intakes.With a capacity of...
By Staff reporter | Published: 30 May 2014
Hunyani Holdings Ltd, a paper packaging and forestry company, reported an operating loss in the six months to April as costs increased while revenue declined. The Zimbabwe Stock Exchange-listed compan...
By Staff reporter | Published: 30 May 2014
The Government has agreed to consolidate the $27 million debt owed to Seed Co (Pvt) Limited by various Government departments for seed supplied under agricultural input schemes since 2007. Seed Co is ...
By Tinashe Makichi | Published: 30 May 2014
Australian listed company, Prospectus Resources says it has entered into a placing agreement to raise $1million dollars about A$1 078 748) through the issuance of 71,9 million shares at $0,015 t...
By Staff reporter | Published: 30 May 2014
Canadian-based company, NanoStruck Technologies Inc. says it has signed a non-binding Letter of Intent (LOI) with Purple Grid Trading Pvt Ltd, a Zimbabwean company whereby Purple Grid will use NanoStr...
By Staff reporter | Published: 30 May 2014
Econet Wireless says it is making inroads to increase smart phone penetration in the country with a view to increasing broadband usage.Speaking at an investment forum, Econet chief executive Douglas ...
By Staff reporter | Published: 30 May 2014
National airline Air Zimbabwe is now poised to resume international flights as it has been readmitted into International Air Transport Association International (IATA) Operational Safety Audit progra...
By Staff reporter | Published: 30 May 2014
Zimbabwe's insurance industry could be sitting on $1 billion worth of premiums which can only be unlocked by increasing the insurance penetration rate from the current 3,65 percent.First Mutual Holdi...
By Staff reporter | Published: 30 May 2014
AIM-listed Mwana Africa's Bindura Nickel Corporation (BNC) is targeting to process minerals from other countries in the region at its Bindura smelter and refinery complex once refurbishment has been ...
By Staff reporter | Published: 30 May 2014
ABC Holdings says regulatory and other approvals are being sought for the disposal of its controlling shareholding to a company owned by former Barclays Plc chief executive officer Bob Diamond.Under t...
By Staff reporter | Published: 29 May 2014
ZIMBABWE Stock Exchange-listed concern, Pearl Properties, recorded below-target revenue of $2,9 million for the four months to April 30, due to increasing rent arrears.General manager Francis Nyambiri...
By Staff reporter | Published: 29 May 2014
ZIMBABWE Stock Exchange listed Edgars recorded a $281 000 loss in the four months to April 2014 when compared to the same period last year due to due to operating environment which tightened on the b...
By Staff reporter | Published: 29 May 2014
NicozDiamond managed to record a revenue growth of 6% as at April 2014 compared to the same period last year, MD Grace Muradzikwa told the AGM today. "We are grateful to our business providers to...
By Staff reporter | Published: 29 May 2014
THE Labour Court has ordered ailing meat processing firm, Cold Storage Company (CSC) to pay over $450,000 in outstanding salaries to 209 employees after efforts to reconcile the two parties failed.CSC...
By Staff reporter | Published: 29 May 2014
RioZim is negotiating the term sheet for a $45 million facility with an international financier to refinance the group's bank debt, which now stands at $40 million, managing director Mr Ashton Ndlovu ...
By Business Correspondent | Published: 29 May 2014
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
