MINING & RETAIL

Blanket Mine extends life of mine by 20 years

MATABELELAND South-based gold miner, Blanket Mine is set to increase its life of mine by 20 years following the implementation of its mine development programme announced three years ago.The mine, whi...

By Staff reporter | Published: 28 November 2017

MINING & RETAIL

Mnangagwa's 'controversial' chrome deal?

President Emmerson Mnangagwa has been in office for less than a week, and online publications are already reporting on a "controversial" chrome deal he apparently helped facilitate with South African ...

By Staff reporter | Published: 28 November 2017

FINANCIAL SERVICES

Women's Bank registered

The opening of the much-awaited women's bank, the Zimbabwe Women's Microfinance Bank Limited (ZWMB), is drawing closer following its registration by the Reserve Bank of Zimbabwe (RBZ) in September 201...

By Staff reporter | Published: 28 November 2017

FINANCIAL SERVICES

IDBZ initiates bonds listing

The infrastructure Development Bank of Zimbabwe has begun the process of listing its $65 million bonds on the Financial Securities Exchange three years after mulling the idea. The bonds, floated in 20...

By Staff reporter | Published: 28 November 2017

INDUSTRIALS & ENERGY

Zimbabwe stops importation of diesel 500

Zimbabwe stopped the importation of diesel 500 from November 1, 2017, and is hoping to fully embrace D50 by March 2018. Zimbabwe Energy Regulatory Authority (Zera chief executive officer Engineer Glor...

By Staff reporter | Published: 28 November 2017

LANDS & AGRICULTURE

SeedCo in $3.5m capex increase

LEADING seed manufacturer SeedCo increased its capital expenditure by 9.4 percent to $3.5 million during the half-year ended September 30, 2017 compared to $3.2 million during the corresponding period...

By Staff reporter | Published: 28 November 2017

TRANSPORT & TOURISM

Clear Air Zimbabwe IATA debt, says Nduna

THE Parliamentary Portfolio Committee on Transport and Infrastructural Development says urgent measures are needed to pay back the $4.6 million debt that Air Zimbabwe owes to the International Air Tra...

By Staff reporter | Published: 28 November 2017

TELECOMS & TECHNOLOGY

Mobile phone penetration hits 95%

Information Communication Technology and Courier Services minister Supa Mandiwanzira has revealed that the country's mobile phone penetration had hit the 95% mark, with almost all citizens now owning ...

By Staff reporter | Published: 28 November 2017

INDUSTRIALS & ENERGY

Bata dangles voluntary retrenchment packages

BATA Shoe Company in Gweru has reportedly offered employees a voluntary retirement scheme (VRS) as part of efforts to cut labour costs, Southern Eye has learnt.The company is also offering bonuses to ...

By Staff reporter | Published: 28 November 2017

BUSINESS NEWS

Mugabe sons launch entertainment company

TripLife Entertainment, a promotions company reportedly owned by former president Robert Mugabe's sons; Robert Jnr and Chatunga was officially launched at Harem Nightclub in Johannesburg, South Africa...

By Staff reporter | Published: 27 November 2017

LANDS & AGRICULTURE

SeedCo revenue up 45%

Africa's largest seed producer, SeedCo, said its revenues went up by 45 percent to $36 million in the half year to September 2017 compared to $24,8 million in the same period last year due to early ma...

By Staff reporter | Published: 27 November 2017

TRANSPORT & TOURISM

Mnangagwa to finalise NRZ-Transnet deal

Transnet's deal to recapitalise and provide technical support to the struggling and dilapidated National Railways of Zimbabwe (NRZ), scuttled by succession fights in Zanu-PF, is now expected to be fin...

By Staff reporter | Published: 27 November 2017

TELECOMS & TECHNOLOGY

Econet eyes London listing

AFRICAN telecommunications group Econet is considering selling shares on the London Stock Exchange at a valuation of about $8 billion next year after combining new and existing assets, according to pe...

By Bloomberg | Published: 27 November 2017

TRANSPORT & TOURISM

Air Zimbabwe to buy more MA60s aircrafts

Government is targeting to acquire three more MA60 aircraft for Air Zimbabwe at a cost of $6 million as plans to boost the company's fleet gathers momentum.Air Zimbabwe's fleet currently comprises of ...

By Staff reporter | Published: 27 November 2017

MINING & RETAIL

Fidelity Printers boss in court for abuse of office

Fidelity Printers and Refiners head of gold operations Mehluleli Dube is appearing at Harare Magistrates' Court on allegations of approving a $183 000 gold purchase after police advised him to stop th...

By Staff reporter | Published: 27 November 2017

MINING & RETAIL

Meikles back in the black

Zimbabwe Stock Exchange-listed conglomerate, Meikles Limited (Meikles), has bounced back to profitability after registering a $3,2 million profit in the half year to September 2017 compared to a loss ...

By Staff reporter | Published: 27 November 2017

FINANCIAL SERVICES

WorldRemit guarantees cash pick-up in Zimbabwe

Online money transfer company, WorldRemit, is guaranteeing its customers US dollars in cash for collection at Steward Bank branches across Zimbabwe.WorldRemit has been operating in Zimbabwe since 2010...

By Staff reporter | Published: 26 November 2017

LANDS & AGRICULTURE

Seed Co hails new dispensation

SEED CO group CEO Morgan Nzwere says the leadership change that has taken place in the country and the political and economic stability sweeping across African markets is good for business.Nzwere told...

By Staff reporter | Published: 26 November 2017

MINING & RETAIL

Black Friday craze hits Zimbabwe shoppers

VICTORIA FALLS and Hwange residents received a treat when a retail clothing chain reduced prices by up to 75 % in celebration of Black Friday.Shoppers stormed Edgars as early as 8am yesterday in celeb...

By Staff reporter | Published: 25 November 2017

TRANSPORT & TOURISM

Zimbabwe to attract more foreign airlines

Civil Aviation Authority of Zimbabwe (CAAZ) hopes to retire its debts through government's approved warehousing of legacy and shareholder loans scheme as the debt is slowing down the implementation of...

By Staff reporter | Published: 25 November 2017

LANDS & AGRICULTURE

Festive season poultry shortage fears

THE Zimbabwe Poultry Farmers' Association (ZPFA) says the country is likely to face a poultry shortage during the festive season although the supply of day old chicks is showing some signs of stabilit...

By Staff reporter | Published: 25 November 2017

INDUSTRIALS & ENERGY

Ziscosteel revival hope

KWEKWE and Redcliff residents are optimistic that the incoming President, Emmerson Mnangagwa, would spearhead the revival of Ziscosteel and bring the two towns back to life.Redcliff Mayor Councillor F...

By Staff reporter | Published: 25 November 2017

INDUSTRIALS & ENERGY

Starafrica increases production levels

Listed sugar refinery firm, starafrica corporation, has increased production capacity of crystalised sugar by 50 percent to 450 tonnes a day from 300 following the completion of its secondary plant up...

By Staff reporter | Published: 24 November 2017

MINING & RETAIL

Premier raises £1m for Zulu Lithium Project

AIM-traded multi-commodity mining and resource development company Premier African Minerals Limited has raised around £1 million for the advancement of its partly-owned Zulu lithium project in Zimbab...

By Staff reporter | Published: 23 November 2017

INDUSTRIALS & ENERGY

Schweppes to build new tomato puree plant in 2017

Schweppes Zimbabwe says it is targeting to build an additional tomato puree plant in 2017 to boost its output, and to enhance its exports into the region.Currently, Schweppes Zim's exports of tomato p...

By Staff reporter | Published: 23 November 2017
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