INDUSTRIALS & ENERGY

South Koreans eye Zim power projects

A SOUTH Korean delegation is in the country doing market research on bankable power projects, with the aim of initially investing in a 100 Megawatt (MW) plant, The Financial Gazette has learnt.Zimbabw...

By Staff reporter | Published: 19 October 2017

INDUSTRIALS & ENERGY

Inflation-spooked Zim punters pile into bricks

BRICK manufacturing company, Willdale, has seen a spike in business as Zimbabweans, fearing a return to hyperinflation, rush for safe investments, the company's chief executive officer, Nyasha Matonda...

By Staff reporter | Published: 19 October 2017

MINING & RETAIL

Gold producers upbeat

ZIMBABWE'S gold mining firms are planning to ramp up production in the next few years at a time the majority of companies in the country are struggling due to a deteriorating economic environment.This...

By Staff reporter | Published: 19 October 2017

TELECOMS & TECHNOLOGY

Potraz challenges the developed world

The Postal and Regulatory Authority of Zimbabwe (Potraz) has challenged the developed world to assist developing countries to meet the universal health coverage targets by 2030. Universal health cover...

By Staff reporter | Published: 19 October 2017

INDUSTRIALS & ENERGY

Sable's ethane project moving at a snail's pace

Sable Chemicals' coal bed methane project is moving at a snail's pace as the company still awaits the mineral exploration for the Lupane deposits.Sable Chemicals chief executive, Mr Bothwell Nyajeka, ...

By Staff reporter | Published: 19 October 2017

FINANCIAL SERVICES

9 funeral assurers undercapitalised

LESS than half of the funeral assurance companies had minimum capital below the required threshold of $1,5 million as of end of June 2017, a new report has shown."As at 30 June 2017, four funeral assu...

By Staff reporter | Published: 19 October 2017

INDUSTRIALS & ENERGY

Sable targets 120 000t Ammonium Nitrate

THE country's sole Ammonium Nitrate (AN) manufacturer, Sable Chemical Industries, is targeting to produce about 120 000 tonnes of fertiliser this year to bolster stocks for the summer cropping season....

By Staff reporter | Published: 19 October 2017

MINING & RETAIL

TM boost Pick n Pay interim revenue

GIANT retailer, Pick n Pay, says its Zimbabwe associate TM Supermarkets' performance boosted the group's half year revenue for its Rest of Africa division, which increased by 12.6 percent to R2.3 bill...

By Staff reporter | Published: 19 October 2017

FINANCIAL SERVICES

MFIs non-performing loans decline

MICRO Finance Institutions (MFIs) in Manicaland have registered a reduction in the rate of non-performing loans due to tighter lending methods implemented by the sector following the reduction of inte...

By Staff reporter | Published: 19 October 2017

MINING & RETAIL

Govt invites diamond buyers

MINES and Mining Development Minister Walter Chidhakwa has taken advantage of the ongoing bi-annual Dubai Diamond Conference to invite international diamond buyers to tender for Zimbabwean diamonds wh...

By Staff reporter | Published: 19 October 2017

LANDS & AGRICULTURE

$15 000 Command wheat up in smoke

A Command Agriculture wheat crop worth an estimated $15 000 was last week razed by fire, suspected to have been started by illegal settlers, who are angling to take over Amalinda Farm in Murombedzi, M...

By Staff reporter | Published: 19 October 2017

LANDS & AGRICULTURE

'Allow more firms to import hatching eggs'

Zimbabwe's Avian Influenza-ravaged poultry can be revived if Government allows more suppliers to import hatching eggs, players in the sector have said.Over the past few months, the local poultry indus...

By Staff reporter | Published: 18 October 2017

FINANCIAL SERVICES

Demand for funeral assurance high

The funeral assurance industry saw its gross written premiums jump 13 percent to $80.3 million in the first half of 2017 compared to the same period last year as demand for its services remain high, t...

By Staff reporter | Published: 18 October 2017

MINING & RETAIL

Gold deliveries in massive surge

Gold deliveries to Fidelity Printers have hit 12,09 tonnes mark in the first seven months of the year, with deliveries by small-scale miners increasing 7,8 percent to 1 127,5 kg in July from 1 045,9kg...

By Staff reporter | Published: 18 October 2017

FINANCIAL SERVICES

Banking sector capitalisation increases to $1.24bn

Banking sector capitalisation increased to $1,24 billion by end of June 2017 from $1,22 billion recorded in the first quarter.Parliament's Budget Office (PBO) said all the banking institutions were ad...

By Staff reporter | Published: 18 October 2017

INDUSTRIALS & ENERGY

ZSE moves in on CFI chaos

THE Zimbabwe Stock Exchange (ZSE) has engaged Willoughby's Investments (Pvt) Limited for further clarification after the company issued a notice calling for an extraordinary general meeting (EMG) of C...

By Staff reporter | Published: 18 October 2017

INDUSTRIALS & ENERGY

Van Hoog in potentially explosive EGM

Agri-industrial concern CFI Holdings will next month hold an extraordinary general meeting (EGM) to vote against the disposal table the alleged fraudulent disposal of the Langford Estates land, which ...

By Staff reporter | Published: 17 October 2017

TELECOMS & TECHNOLOGY

NetOne rebrands struggling mobile money platform

State owned mobile telecommunications firm, Net One has rebranded its struggling mobile money platform, OneWallet to OneMoney amid hopes that it will perform better.Having earlier announced that it wo...

By Agencies | Published: 17 October 2017

INDUSTRIALS & ENERGY

'Drugs price increase unjustified'

The association of Healthcare  Funders of Zimbabwe (AHFoZ) on Tuesday hit out at pharmacies for the recent arbitrary increase in drug prices by between 30 and 70 percent.Late last month, Zimbabwe...

By Agencies | Published: 17 October 2017

MINING & RETAIL

Vast Resources registers record output in Q3

AIM-listed Vast Resources registered a record output for the third quarter ended September 30, spurred by increased output at its two operations in Romania and Zimbabwe."Q3 2017 was a record quarter f...

By Staff reporter | Published: 17 October 2017

INDUSTRIALS & ENERGY

Forex shortage cripples Swivel's operations

SWIVEL Fencing Company in Bulawayo is facing closure as a result of failure to do international transfers and shortage of foreign currency to buy critical raw materials.The company manufactures differ...

By Staff reporter | Published: 17 October 2017

MINING & RETAIL

Artisanal miners being duped, losing $16 per gram

Fidelity Printers and Refiners (FPR) said on Monday artisanal miners, who are contributing significantly to the country's gold production, were being duped by middle-men who are buying the yellow meta...

By Agencies | Published: 16 October 2017

TELECOMS & TECHNOLOGY

Vice Media, Econet announced new venture

Vice Media and Econet, the African telecom and Pay-TV operator, announced a new joint venture, Kwesé Vice, to launch Vice into Sub-Saharan Africa. This announcement came after the launch of Viceland ...

By Staff reporter | Published: 16 October 2017

FINANCIAL SERVICES

Discovery granted a banking licence

The Registrar of Banks has granted Discovery a banking licence, the JSE-listed company said in a statement on Monday.This follows the decision by the Registrar of Banks in October 2016 to give Discove...

By Staff reporter | Published: 16 October 2017

TRANSPORT & TOURISM

RTG in $1 million facelift

The Rainbow Tourism Group (RTG) in which Government has the biggest stake of 36,14 percent through the National Social Security Authority (NSSA) has invested US$900 000 in the refurbishment of its hot...

By Staff reporter | Published: 16 October 2017

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