BUSINESS NEWS

Meikles challenges shares seizure

Meikles Limited has made a court application challenging the attachment of shares in several of its subsidiaries by the sheriff to settle a $1,5 million debt owed to a local consultancy firm.The liste...

By Staff reporter | Published: 12 hours ago

BUSINESS NEWS

Govt, industry in prices deadlock

GOVERNMENT and business yesterday reached an impasse over arbitrary price hikes after a lengthy meeting between Industry and Commerce minister Mangaliso Ndlovu and captains of industry in the capital....

By Staff reporter | Published: 12 hours ago

MINING & RETAIL

Chitando not scared of Hwange Colliery audit

MINES minister Winston Chitando yesterday told Parliament that he was not afraid of what would come out from the forensic audit on Hwange Colliery Company, saying that it must proceed to its conclusio...

By Staff reporter | Published: 12 hours ago

LANDS & AGRICULTURE

Shiri explains CSC $130m deal

LANDS, Agriculture, Water, Climate and Rural Development Minister, Retired Air Marshal Perrance Shiri, yesterday opened up on the $130 million Cold Storage Company (CSC) joint venture recapitalisation...

By Staff reporter | Published: 12 hours ago

LANDS & AGRICULTURE

Vakayi invests in hatchery

Venture capital firm, Vakayi Capital, has concluded its second investment project in Zimbabwe that will see a Ruwa-based hatchery doubling its output. The hatchery, ZimAvian (Pvt) Ltd, produces broile...

By Staff reporter | Published: 12 hours ago

MINING & RETAIL

Large-scale gold miners in scam

Government has threatened to descend heavily on large-scale gold mining companies that are reportedly under declaring their gold output. Some of the primary producers are understood to be selling thei...

By Staff reporter | Published: 12 hours ago

INDUSTRIALS & ENERGY

Refocus pays dividends for Cafca

Cable manufacturer Cafca's profit after tax grew four-fold to $3,85 million in the six months to September 30 from $726 213 last year on strong local demand after refocusing to copper products."Profit...

By Staff reporter | Published: 19 November 2018

MINING & RETAIL

Zambezi Gas doubles coal production

Zambezi Gas, a coal miner in Hwange, has doubled production to 100 000 tonnes per month since it started operating nearly two years ago, the visiting Parliamentary Portfolio Committee on Mines and Ene...

By Staff reporter | Published: 19 November 2018

INDUSTRIALS & ENERGY

Musimboti cashes in on drugs crisis

CERTIFIED herbal medicines manufacturer, Musimboti Traditional Science and Technology Institute (MTSTI), has over the past two months experienced a surge in business as patients resort to traditional ...

By Staff reporter | Published: 19 November 2018

TRANSPORT & TOURISM

Zimbabwe excites Japanese tourism market

ZIMBABWE'S continued re-engagement with the international community has excited key tourism source markets that are now keen to visit the country to sample its diversified tourism products. Japan's to...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

'Zimbabwe ripe for investment'

DEVELOPING markets investment bank, Exotix Capital Limited says Zimbabwe under President Emmerson Mnangagwa's leadership is ripe for investment with potential investors now looking at the country with...

By Staff reporter | Published: 19 November 2018

MINING & RETAIL

Mnangagwa minister implicated in Hwange looting

A FORENSIC auditor engaged by Hwange Colliery to investigate financial impropriety has fingered Mines and Mining Development minister Winston Chitando, who he said was likely in cahoots with shady cha...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Caledonia's production drops

CALEDONIA Mining Corporation's gold production for the nine months to September 30, 2018 fell by 0,4% to 39 558 ounces from 39 710 ounces recorded over the same period last year. The mining company, w...

By Staff reporter | Published: 15 November 2018

INDUSTRIALS & ENERGY

URL soap-making division slips on forex crunch

DIVERSIFED agro-processor United Refineries Limited (URL) last month sent home its entire workforce in the soap department due to shortage of raw materials, an official said yesterday.URL chief execut...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

African govts fight 'conflict diamonds' resolution

AFRICAN governments led by South Africa are fighting tooth and nail to stop the passing of a resolution by the Kimberly Process to expand the definition of "conflict diamonds", it has been learnt.Civi...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Modi invited to India gold summit

THE Deputy Minister of Industry and Commerce, Raj Modi, has been invited by the Gem and Jewellery Export Promotion Council of India (GJPEC) to participate in the second edition of the India Gold and J...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Zimplats spends $72million on Bimha Mine

ZIMBABWE'S largest platinum producer, Zimplats, has spent $72 million of the $101 million that was set aside for the redevelopment of Bimha Mining project, one of the company's mines. In a production ...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Zimbabwe courts diamond buyers in Belgium

Mines and Mining Development Minister Winston Chitando, who is leading a Zimbabwean delegation attending the Kimberly Process meetings in Belgium, yesterday visited Antwerp World Diamond Centre to cou...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Mimosa to up production

ZVISHAVANE-based platinum mine, Mimosa, is set to increase its production to 270 000 tonnes per month from 230 000 tonnes which the company is producing. In an interview during a media tour of the min...

By Staff reporter | Published: 15 November 2018

TELECOMS & TECHNOLOGY

CardEx, Entrust Datacard partner for Zimbabwe market

Electronic card producer CardEx, has partnered a United Arab Emirates-based firm Entrust Datacard with a view to entering the Zimbabwean market. There has been growing demand for electronic cards on t...

By Staff reporter | Published: 15 November 2018

TRANSPORT & TOURISM

Zimbabwe braces for tourist boom

Government is putting in place measures to accommodate the influx of tourists expected after Zimbabwe was named one of the best countries in the world to visit in 2019, a Cabinet minister has said. En...

By Staff reporter | Published: 15 November 2018

Steelmakers in trouble over debt

Steelmakers Zimbabwe (Private) Limited in Redcliff, Kwekwe is being sued over a debt owed to an oxygen cylinder supplier.This comes after the two parties signed a deal in early 2016 which later collap...

By Staff reporter | Published: 30 September 2018

INDUSTRIALS & ENERGY

Simbisa postpones LSE listing

SIMBISA Brands has postponed its planned secondary listing on the London Stock Exchange (LSE)'s Alternative Investment Market (AIM) to a later date.The country's largest fast-food restaurant operator ...

By Staff reporter | Published: 30 September 2018

MINING & RETAIL

Tharisa sets aside $3,2m for Great Dyke exploration

EUROPEAN headquartered integrated resource group, Tharisa says it will spend $3,2 million on the special grant areas along the Great Dyke for the initial exploration programme.The exploration will be ...

By Staff reporter | Published: 30 September 2018

MINING & RETAIL

Mine Entra attracts more exhibitors

THIS year's 23rd edition of the Zimbabwe premier mining, engineering and transport, Mine Entra exhibition has attracted more exhibitors compared to the previous showcase, an indication of renewed conf...

By Staff reporter | Published: 30 September 2018
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