BUSINESS NEWS

Funeral assurance industry net profit up 56%

The funeral assurance sector registered a 56 percent growth in net profit to $2,54 million for the year ended March 2016 as claims dropped, the industry regulator said on Monday.Insurance and Pensions...

FINANCIAL SERVICES

GetBucks shifts to tap issue after slow uptake

GetBucks MicroFinance Bank Ltd says it will now issue the second series of its bond listing by way of a tap issue after low uptake.The second series of its medium-term note listing was aimed at raisin...

LANDS & AGRICULTURE

CZI initiate study on soya-bean value chain

The Confederation of Zimbabwe Industries in conjunction with the Zimbabwe Economic Policy Analysis and Research Unit have begun a study on soya value chain that is expected to ascertain the linkages w...

BUSINESS NEWS

'We notified ZSE,' says Van Hoog

British tycoon Nicholas Van Hoogstraten says his investment vehicle - Messina Investments - notified the Zimbabwe Stock Exchange (ZSE) of its intention to buy out CFI Holdings minorities despite clai...

CONSTRUCTION & PROPERTY

Dangote sales volume increase 12.6%

Dangote Cement, Africa's largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa.  In t...

MINING & RETAIL

RMB, Investec swoop on Choppies-related firms

THE private equity units of Rand Merchant Bank (RMB) and Investec Asset Management are tying up a multi-million-pula deal to buy 10 Botswana companies that are mostly suppliers to the Choppies Group a...

MINING & RETAIL

Govt to dispatch team to resolve chrome disputes

FIERCE jostling over chrome mining claims has gripped the Midlands province as calls intensify for Government to intervene and restore sanity in the sector.With prospects for improved chrome prices on...

INDUSTRIALS & ENERGY

Shepco needs $2m for retooling

A LOCAL mining and industrial equipment manufacturer, Shepco Group, needs about $2 million for retooling so as to expand its operations.The engineering firm operates two divisions - Shepco Industrial ...

MINING & RETAIL

Gold output rises

SMALL-scale miners' gold deliveries to Fidelity Printers and Refiners rose to 1 045 kilogrammes in June 2017 from 874.9kgs in May surpassing monthly output by primary producers for the first time in s...

LANDS & AGRICULTURE

Cotton output to be lower than expected

Zimbabwe's cotton output will be lower than expected this year due to a number of factors including excessive rains, which have made crop management and pest control a challenge.The country was expect...

FINANCIAL SERVICES

RTGS transactions recover

The value of RTGS transactions through the NPS increased by three percent from $1.10 billion to $1.13 billion in the week ending July 14, 207, central bank data shows. In its weekly report for the per...

MINING & RETAIL

Pick n Pay slashes 3500 jobs

Pick n Pay has cut 3500 jobs as part of a voluntary severance programme the retailer started in April to save costs amid a recession.The job cuts - equal to 10% of the retailer's total workforce of 35...

INDUSTRIALS & ENERGY

Delta owes AB InBev more than $40 million

Anheuser-Busch (AB) InBev is owed more than $40m in dividend payments from its Zimbabwean associate Delta Corporation, as the foreign currency crisis in that country worsens.Speaking on the sidelines ...

TELECOMS & TECHNOLOGY

MultiChoice caught up in Zimbabwe crisis

MultiChoice Zimbabwe has been caught up in the country's foreign currency crisis, threatening service provision to DStv viewers in the country. The pay per view subscribers have been struggling to pay...

FINANCIAL SERVICES

IPEC focuses on funeral assurance companies

The Insurance and Pension Commission has come up with a micro-insurance framework which provides for less stringent registration requirements as the commission works on reducing unregistered funeral a...

LANDS & AGRICULTURE

Zim poultry farm hit by avian flu outbreak again

A Zimbabwean poultry farm has reported a second outbreak of highly pathogenic H5N8 bird flu, two months after it first occurred, the state-owned Herald newspaper said on Monday.Lanark farm, a commerci...

INDUSTRIALS & ENERGY

It's Game of Thrones at CFI

The battle for the throne at CFI Holdings (CFI) has escalated with market regulator - the Zimbabwe Stock Exchange (ZSE) - claiming it was unaware that British tycoon, Nicholas Van Hoogstraten's Messin...

Delta's Coke bottlers agreement runs until May 2018

Delta Corporation says the Bottlers Agreement with The Coca-Cola Company (TCCC) runs until May 2018 and engagements on the intention by Coca-Cola to terminate the agreement are now moving towards a co...

INDUSTRIALS & ENERGY

NTS profits narrow due to forex challenges

NATIONAL Tyre Services Limited (NTS) profits narrowed from $624 405 to $153 919 during the year ended March 2017, as the company continues to suffer from low consumer demand and foreign currency short...

LANDS & AGRICULTURE

CSC rolls out green pastures programme

THE Cold Storage Company (CSC) has engaged livestock farmers on a programme dubbed "green pastures" meant to enhance development of feedlots for quality production.CSC Marketing director, Mr Isaiah Ma...

FINANCIAL SERVICES

Cash crisis biggest headache in Zimbabwe

THE prevailing cash challenges are the major problem affecting rural households in the country, the latest Zimbabwe Vulnerability Assessment Committee (ZimVAC) report has said.The 2017 Rural Livelihoo...

TRANSPORT & TOURISM

NRZ rebrands workshop

THE National Railways of Zimbabwe (NRZ) has rebranded its workshop to offer external equipment repair services to private clients.NRZ public relations manager, Mr Nyasha Maravanyika, said the rebrande...

MINING & RETAIL

Blanket Mine on track to achieve revised target

CALEDONIA Mining Corporation has expressed optimism that its 49 percent owned Blanket Mine in Matabeleland South is still on track to achieve the 2017 revised production guidance of between 52 000 oun...

MINING & RETAIL

OK Zimbabwe records 19% revenue growth

ZIMBABWE'S largest retail group, OK Zimbabwe Limited said revenue for the first quarter of financial year 2018 grew 19 percent on the back of major promotions during the quarter.OK Zimbabwe runs one o...

MINING & RETAIL

ASA Resources shares suspended from LSE

Asa Resources Group PLC shares were last Friday suspended from the London Stock Exchange after the company was forced to delay implementing measures to address its dire cash-flow position because it e...