BUSINESS NEWS

CASE Handbook launched

FBC Holdings group chief executive Mr John Mushayavanhu said the CASE Handbook is an invaluable resource for the business community.The handbook was launched in Harare on Wednesday, with FBC again its...

By Martin Kadzere | Published: 26 May 2014

MINING & RETAIL

Metallon to revive Motapa Mine

Metallon Gold Zimbabwe is conducting a feasibility study at its Motapa gold mine in Bubi with the intention of reviving operations there.The mine closed in 1990.Metallon Gold acquired the Motapa minin...

By Staff reporter | Published: 26 May 2014

MINING & RETAIL

Ministry of HA takes over copper trade licensing

The Ministry of Home Affairs has taken over the licensing of copper traders to reduce smuggling, Parliament heard yesterday. Home Affairs permanent secretary Melusi Matshiya told the Senate Committee ...

By New Ziana | Published: 26 May 2014

TRANSPORT & TOURISM

NSSA's Beitbridge Hotel awaits approval

THE National Social Security Authority is expecting a permanent certificate of occupation from Beitbridge municipality after submitting architectural designs and a report on the construction of its ho...

By Conrad Mwanawashe | Published: 26 May 2014

MINING & RETAIL

PPC raises Zimbabwe capex to $280m

PRETORIA Portland Cement, Zimbabwe's largest cement firm, has raised its capital spending budget on expansion projects to about $280 million, a senior company official said.Chief executive Mr Ketso Go...

By Enia Nyakudzambara | Published: 26 May 2014

MINING & RETAIL

Zimplats to process matte at Selous metal refinery

ZIMPLATS could soon begin partially processing its matte at the Selous-based base metal refinery once refurbishment is completed.Impala Platinum, which owns 87 percent shareholding in the country's la...

By BH24 | Published: 26 May 2014

MINING & RETAIL

Metallon mulls adopting solution mining

Zimbabwe's largest gold mining group, Metallon Gold, is considering adopting the solution mining method at its Mazowe operation to increase production as prices fluctuate, a company official said.Solu...

By Business Reporter | Published: 26 May 2014

MINING & RETAIL

Hwange Colliery appoints new MD

HWANGE Colliery Company Limited, the country's largest coal mining company has finally appointed a substantive managing director, almost two years after the departure of Mr Fred Moyo, who is now deput...

By Staff reporter | Published: 26 May 2014

LANDS & AGRICULTURE

CSC employees demonstrate

Employees at meat processing firm, Cold Storage Company (CSC) last Friday staged a demonstration demanding their outstanding salaries.The employees claimed to have last received full salaries in 2009...

By Staff reporter | Published: 26 May 2014

LANDS & AGRICULTURE

600 occupy sugar estates

OVER 600 villagers - including war veterans - occupied Chiredzi sugar cane plantations in Hippo Valley and Triangle estates on Monday, demanding that Government allocate them land.Police yesterday sw...

By Staff reporter | Published: 26 May 2014

TELECOMS & TECHNOLOGY

Zesa turns down Econet request

Zesa turned down a request by Econet Wireless to sell pre-paid electricity tokens through its mobile money transfer service, EcoCash, saying the third party vending facility was reserved for State-li...

By Staff reporter | Published: 26 May 2014

MINING & RETAIL

Essar to venture into coal mining

INDIAN conglomerate Essar Holdings has started negotiations with holders of Hwange coal concessions with a view to establishing joint ventures to extract the mineral to power its planned 600-megawatt...

By Staff reporter | Published: 26 May 2014

TELECOMS & TECHNOLOGY

Local firms lose out on Econet's $1,2bn capex

Indigenous companies have benefited little from Econet Wireless' $1,2 billion capital expenditure on procurement of network equipment because they do not have capacity to supply and meet expected qua...

By Staff reporter | Published: 26 May 2014

TELECOMS & TECHNOLOGY

'We feel unwanted,' says Econet

Econet Wireless says it has been at the receiving end of unfair treatment from authorities and "feels unwanted" in certain spaces, claiming this was stifling its growth, group chief executive Mr Doug...

By Staff reporter | Published: 26 May 2014

INDUSTRIALS & ENERGY

Blue Ribbon seals fresh capital deal

Blue Ribbon has concluded negotiations with Tanzanian grain miller Bakhresa Group in a deal that could result in the injection of $40 million in fresh capital. Sources privy to developments said nego...

By Staff reporter | Published: 26 May 2014

INDUSTRIALS & ENERGY

Dairibord rolls out new plants

Dairibord Holdings will commission five new plants this year under a $10 million capital expenditure programme to grow its revenues and cut down costs to overturn the loss suffered in the year to Dec...

By Staff reporter | Published: 26 May 2014

INDUSTRIALS & ENERGY

Nestle to restart Milo, Maggi production

NESTLE Zimbabwe says a growing export market and the re-introduction of new product lines will spur the company’s performance this year. In an interview last week, Nestle managing director Mr Kumbi...

By Staff reporter | Published: 26 May 2014

MINING & RETAIL

Rich gold deposits discovered in Nyanga

New rich gold deposits were recently discovered by artisanal miners in Nyanga. Mines commissioner for Manicaland Province Mr Agripa Chimusasa said in an interview last week that the discovery of new ...

By Staff reporter | Published: 26 May 2014

TRANSPORT & TOURISM

Zim targets 40 airlines by 2018

ZIMBABWE plans to have 40 airlines flying into the country by 2018, nearly trebling the current figures, Civil Aviation Authority of Zimbabwe (CAAZ) general manager David Chawota said yesterday.At th...

By Staff reporter | Published: 26 May 2014

INDUSTRIALS & ENERGY

Nestlé to spend $10m on plant upgrade

NESTLÉ Zimbabwe plans to spend $10 million this year on plant and machinery upgrade as it seeks to grow the regional exports base, a company official has said.The money would be raised from sharehol...

By Staff reporter | Published: 26 May 2014

BUSINESS NEWS

Food outlet ordered to close over indigenisation

Scores of Golden Grill Fast Foods outlets workers in Bulawayo Friday arrived at work to find their workplace under lock and key after National Indigenisation and Economic Empowerment Board (NIEEB) of...

By Staff reporter | Published: 26 May 2014

FINANCIAL SERVICES

Barclays to miss FY14 growth target

Barclays grew a quality loan book by 26% in the year to April 2014 while deposits declined by 5%, group MD George Guvamatanga told the AGM yesterday."Our strategy of being the 'Go-To' bank is in cour...

By Staff reporter | Published: 26 May 2014

LANDS & AGRICULTURE

DZLH volumes remains static

DZLH volumes for the first four months up to April 2014 remained static on account of weak demand while the operating environment is expected to remain challenging, group CE Anthony Mandiwanza told a...

By Staff reporter | Published: 26 May 2014

INDUSTRIALS & ENERGY

Delta posts 1% revenue decline

Delta Corporation recorded a 1% decrease in revenue for the year ended 31 March 2014 as total beverage volumes remained flat due to softening demand and declining consumer spend , CE Pearson Gowero t...

By Staff reporter | Published: 26 May 2014

LANDS & AGRICULTURE

Irvine's pours $6m into stockfeed processing plant

The country's largest chicken breeder, Irvine's Zimbabwe has invested $6 million towards the construction of silos and a stockfeed processing plant which will push production capacity to 25 tonnes pe...

By Tinashe Makichi | Published: 26 May 2014

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