MINING & RETAIL

BNC targets increase in nickel production

Bindura Nickel Corporation is targeting a 42 percent increase in nickel production within the next two years as the company intensifies efforts to restart its smelter shut down during the hyperinflati...

By Tinashe Makichi | Published: 29 May 2014

BUSINESS NEWS

Limpopo Bridge to undergo major facelift

The New Limpopo Bridge, one of Zimbabwe's most successful projects under build operate and transfer model, is undergoing extensive facelift ahead of its handover to Government next month. The bridge t...

By Staff reporter | Published: 29 May 2014

CONSTRUCTION & PROPERTY

Mash Holdings to review rentals downwards

Listed property concern Mashonaland Holdings says it is considering reviewing rentals for its properties downwards in response to the high default and void rates in sector.Speaking at the Imara Invest...

By Staff reporter | Published: 28 May 2014

FINANCIAL SERVICES

Tetrad in $16 million loss

Listed financial concern Tetrad Holdings Limited posted a staggering loss of $16,2 million for the year ended September 31 2013 weighed down by provisions for the banking division's non-performing loa...

By Staff reporter | Published: 28 May 2014

TELECOMS & TECHNOLOGY

Telecash agents & merchants increases

The number of telecash agents and merchants that have signed up with Telecel now stands at more than 3 000, almost double the number that had been registered when telecash was launched at the end of J...

By Chengetai Chinembiri | Published: 28 May 2014

FINANCIAL SERVICES

ZipCash transactions top $30m

Zimpost has processed transactions worth over $30 million under its Zipcash money transfer facility since it launched the service in October last yearZimpost has processed transactions worth over $30 ...

By New Ziana. | Published: 28 May 2014

MINING & RETAIL

Zimbabwe may still ban raw platinum exports

Government could still effect the ban on the export of unbeneficiated platinum next year when the ultimatum given to miners expires this year, if miners are slow to set up a precious metals refinery.T...

By Business Reporter | Published: 28 May 2014

LANDS & AGRICULTURE

Dairibord unveils new product line

Dairibord Zimbabwe Limited has unveiled a new product line to exploit an opportunity identified in the market and to increase the contribution of non-milk products to the group.The new product called ...

By Business Reporter | Published: 28 May 2014

MINING & RETAIL

Metallon eyes listing on ZSE

Metallon Gold Zimbabwe is eyeing a potential listing on the Zimbabwe Stock Exchange as part of efforts to comply with the country's indigenisation laws.In a report, the group said it was liaising with...

By Staff reporter | Published: 28 May 2014

INDUSTRIALS & ENERGY

Deflation hits BAT sales

British American Tobacco Zimbabwe (BAT) said volumes in the first quarter of this year dipped by one percent as compared to last year.Managing director Lovemore Manatsa told journalist at the company'...

By Staff reporter | Published: 28 May 2014

INDUSTRIALS & ENERGY

Turnall's volumes to surge 20% by year end

Turnall MD John Jere told the AGM today that the cash model adopted by the company in 2014 as opposed to the credit sale model was met with resistance therefore affecting volumes although they firmed ...

By Staff reporter | Published: 27 May 2014

INDUSTRIALS & ENERGY

BAT performance flat with volumes 1% lower

BAT performance remained flat with volumes roughly 1% below mainly due to difficult operating conditions, MD Lovemore Manatsa told the AGM today. "In terms of the update comparing with last year ...

By Staff reporter | Published: 27 May 2014

TRANSPORT & TOURISM

Meikles named amongst 10 best luxury hotels

Meikles Hotel continues to garner top honours for its 5-satr Harare based property, most recently being named among the coveted 10 Best Luxury Hotels in Africa from luxury travel leaders Amerikanki. T...

By Staff reporter | Published: 27 May 2014

LANDS & AGRICULTURE

Tongaat says Zim import tariffs to boost sales

Sugar producer Tongaat Hulett says import tariffs introduced in Zimbabwe would benefit sales and prices in the next financial year. The group holds a 50.3% shareholding in Hippo Valley Estates while i...

By Staff reporter | Published: 27 May 2014

INDUSTRIALS & ENERGY

SABMiller says harsh economy affects Delta

Global brewer SABMiller says the current economic crisis in Zimbabwe has affected the bottom-line of its subsidiary Delta Corporation. Alan Clark, SABMiller CE said in the year to March 2014 larger vo...

By Staff reporter | Published: 27 May 2014

MINING & RETAIL

Govt moves to securitise minerals

Government has started the securitisation of minerals to secure external loans by directing diamond firms to deposit their gems with the Reserve Bank of Zimbabwe. Mines and Mining Development permanen...

By Staff reporter | Published: 27 May 2014

BUSINESS NEWS

Economists speak on policy review

Government's review of the indigenisation and economic empowerment policy to facilitate sector-specific implementation is a major breakthrough as it ensures that Zimbabweans own 100% of their resource...

By Staff reporter | Published: 27 May 2014

FINANCIAL SERVICES

Tetrad gets $31m capital boost

Tetrad Holdings Limited (Tetrad) has received a $31 million recapitalisation boost from its shareholders.Its chairperson Miccah Moyo said the group recapitalised its subsidiaries with capital injectio...

By Staff reporter | Published: 26 May 2014

INDUSTRIALS & ENERGY

Golden Grill outlets reopen

THE proprietor of Golden Grill Fast Food outlets in Bulawayo, Paul Evans, yesterday said he was an indigenous Zimbabwean who should not be subjected to the requirements of the Indigenisation and Econo...

By Staff reporter | Published: 26 May 2014

FINANCIAL SERVICES

Banks yet to meet capital threshold

A third of banks have not yet complied with the Reserve Bank's minimum capital requirements, reflecting the fragility and limited capacity of banks to support efforts to turnaround the economy, a Rese...

By Golden Sibanda | Published: 26 May 2014

FINANCIAL SERVICES

ZB to dispose of two units

ZB Financial Holdings intends to sell its asset management and stockbroking units to focus on core business areas of banking and insurance, a company official has said.Spokesperson Ms Estar Toto last ...

By Staff reporter | Published: 26 May 2014

FINANCIAL SERVICES

FML eyes SMEs market

First Mutual Holdings Ltd has come up with measures to mitigate the low uptake of industrial space in its property division as the market suffers under liquidity challenges.The property sector has bee...

By BH24 | Published: 26 May 2014

INDUSTRIALS & ENERGY

ART total revenue falls 8%

Amalgamated Regional Trading Corporation will post a loss for the half to March 31, 2014 after total revenue for the period fell by 8 percent due to depressed consumer demand and liquidity challenges....

By Staff reporter | Published: 26 May 2014

INDUSTRIALS & ENERGY

Manufacturing sector to remain depressed

Capacity utilisation in the manufacturing sector is expected to decline further this year as firms continue to operate under difficult conditions.Capacity utilisation in the manufacturing sector recor...

By Bh24 | Published: 26 May 2014

INDUSTRIALS & ENERGY

David Whitehead set for partial re-opening

TEXTILE firm David Whitehead, is on course for  partial re-opening with technicians expected to begin maintenance work at the Chegutu and Kadoma factories next week, an official said."Zesa Holdin...

By Business Reporter | Published: 26 May 2014

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