FINANCIAL SERVICES

EcoCash scales down debit card issuance

LISTED telecoms firm, Econet has scaled down the issuance of new debit cards for its mobile money service, EcoCash, in line with the central bank's directive to monitor foreign expenditure.Local finan...

By Staff reporter | Published: 31 July 2017

MINING & RETAIL

Zimbabwe exploration back on the agenda

THE Mines and Mining Development Ministry has insisted on a combined role for the proposed Minerals Marketing and Exploration Corporation following efforts by legislators to separate the entity's func...

By Staff reporter | Published: 30 July 2017

MINING & RETAIL

Sabi targets 25kg monthly gold output

ONE of the biggest gold mines in the Midlands Province, Sabi Gold Mine has set targets to produce an average of 25 kilogrammes of gold per month with effect from September with management expecting to...

By Staff reporter | Published: 30 July 2017

FINANCIAL SERVICES

Banks freeze out ailing companies

THE Directors Protection Council of Zimbabwe (DPCZ) is fighting to save Bulawayo companies sinking in bank debts pleading with financial institutions to transfer their non-performing loans (NPLs) amou...

By Staff reporter | Published: 30 July 2017

INDUSTRIALS & ENERGY

Sable Chemicals readies for full gallop

SABLE Chemicals - Zimbabwe's biggest ammonium nitrate manufacturer - is now operating at 30 percent capacity as it battles to rediscover its footing following remodelling of its plant to improve effic...

By Staff reporter | Published: 30 July 2017

TRANSPORT & TOURISM

Zimbabwe Airways close to securing six jets

ZIMBABWE AIRWAYS - the new debt-free Phoenix rising out of the ashes of Air Zimbabwe - is in advanced talks with a Brazilian company to lease five aircraft to service underserved regional routes, it h...

By Staff reporter | Published: 30 July 2017

MINING & RETAIL

CZI wants mines to buy local

THE Confederation of Zimbabwe Industries (CZI) has proposed the adoption of supplier development programmes in the country so that mines and suppliers work together to resolve issues hindering linkage...

By Staff reporter | Published: 30 July 2017

TELECOMS & TECHNOLOGY

Outcry over DStv payments

A number of banks are demanding the elusive United States dollar and an extra commission to process DStv subscriptions for locals as more plastic money payment avenues are being closed, sidelining a n...

By Staff reporter | Published: 30 July 2017

INDUSTRIALS & ENERGY

Zim govt to maintain 10% stake in cooking oil giant

The government will maintain the remaining ten percent stake in cooking oil processing firm Surface Wilmar Investments to facilitate stable pricing models and the growth of cooking oil manufacturing i...

By Staff reporter | Published: 29 July 2017

FINANCIAL SERVICES

RBZ tightens screws on banks

The Reserve Bank of Zimbabwe (RBZ) is considering tightening screws on the banking sector by planning to make public bank ratings which show the health of banks to protect depositors, a senior central...

By Staff reporter | Published: 28 July 2017

INDUSTRIALS & ENERGY

Share price row rocks CFI group

The sale of a parcel of CFI Holdings shares valued at US$1,5 million to British business tycoon Nicholas Van Hoogstraten last Thursday is now caught in controversy amid allegations the trade was betwe...

By Staff reporter | Published: 28 July 2017

FINANCIAL SERVICES

Barclays to pay out $2,6m bonus

Barclays Bank Plc will pay out a £2 million (US$2,6 million) closing bonus to Barclays Zimbabwe Limited workers as the United Kingdom-based banking group divests from the local market after 105 years...

By Staff reporter | Published: 28 July 2017

TRANSPORT & TOURISM

Zim Tourism Expo uptake surpasses expectations

PREPARATIONS for the 10th edition of Hlanganani/Sanganai World Tourism Expo are progressing well, with 240 companies having registered so far to participate, organisers of the event have revealed.The ...

By Staff reporter | Published: 28 July 2017

INDUSTRIALS & ENERGY

Delta depot closure opens way for cheap imports, smuggling

THE closure of Delta Corporation's Victoria Falls depot this week is likely to open floodgates for cheap imported beverages and negatively affect local dealers in the resort town, the local business c...

By Staff reporter | Published: 28 July 2017

MINING & RETAIL

Zim engages foreign chrome buyers

THE Minerals Marketing Corporation is directly engaging foreign chrome ore buyers to achieve premium prices and better returns for small-scale producers in a bid to cushion them from middlemen who are...

By Staff reporter | Published: 28 July 2017

TRANSPORT & TOURISM

NRZ discovers new niche market

THE National Railways of Zimbabwe (NRZ) says it has discovered a new niche market in chartered steam locomotives, which have proved to be a hit among foreign tourists and a revenue source.NRZ spokespe...

By Staff reporter | Published: 28 July 2017

FINANCIAL SERVICES

Mobile, plastic accounts for 80% of retail transactions

The Confederation of Zimbabwe Retailers (CZR) says the use of mobile and plastic money has risen to account for 80 percent of transactions in the retail sector.Addressing delegates at the 'Cash challe...

By Staff reporter | Published: 27 July 2017

MINING & RETAIL

Zimbabwe based junior miner to list on NYSE

Canadian junior miner Caledonia Mining Corporation says it has received approval for the listing of its common shares on the New York Stock Exchange (NYSE).The listing should accrue benefits for the ...

By Staff reporter | Published: 27 July 2017

MINING & RETAIL

ZMDC gold mine fend off debtors

JENA Gold Mines, owned by the State's Zimbabwe Mining Development Corporation (ZMDC), got a reprieve from debtors when the High Court ordered a creditors' meeting to consider a moratorium on claims.Je...

By Staff reporter | Published: 27 July 2017

FINANCIAL SERVICES

Treasury Bills, loans give RBZ governor headache

RESERVE Bank of Zimbabwe (RBZ) governor says he is worried about the creation of money through the issuance of Treasury Bills and loans which is causing a mismatch between local RTGS balances and nost...

By Staff reporter | Published: 27 July 2017

MINING & RETAIL

ZMDC appoints new general manager

THE Zimbabwe Mining Development Corporation has appointed Demand Gwatinetsa as the general manager who is expected to spearhead the turnaround of the group.ZMDC is a mining entity with a statutory man...

By Staff reporter | Published: 27 July 2017

TELECOMS & TECHNOLOGY

TelOne introduces 'Alert Me' service

TelOne has introduced "Alert Me" service for all their broadband customers, where customers will now be able to receive updates on their data balance and get reminders for recharging.This is part of t...

By Staff reporter | Published: 27 July 2017

CONSTRUCTION & PROPERTY

UK firm to invest in Zimbabwe

A UNITED Kingdom construction company has set its eyes on setting up business in Zimbabwe saying the country is a good investment destination.Parry Building Products Limited also seeks to engage the G...

By Staff reporter | Published: 27 July 2017

TELECOMS & TECHNOLOGY

DStv quashes Zimbabwe exit rumours

MULTI-Choice Zimbabwe has assured its subscribers that its digital satellite TV (DStv) will not be suspended contrary to rumours circulating that the Sub-Saharan Africa pay TV will soon stop operating...

By Staff reporter | Published: 27 July 2017

MINING & RETAIL

KFC gets ready for new Zimbabwe outlet opening

INTERNATIONAL fast food chain Kentucky Fried Chicken (KFC) is putting final touches on its Bradfield Bulawayo outlet ahead of opening slated for next month.KFC Bulawayo will be the fifth branch of th...

By Staff reporter | Published: 27 July 2017

Latest News

Latest Published Reports

Latest jobs