MINING & RETAIL

Spar Zimbabwe set to expand stores

SPAR Zimbabwe plans to open three supermarkets before the end of this year, bringing the number of new operations it opened during the year to five.According to Spar Zimbabwe managing director, Terren...

By Staff reporter | Published: 07 July 2017

INDUSTRIALS & ENERGY

Dubai firm abandons Meikles

Dubai-based Albwardy Investment (Albwardy) group has abandoned its plans to take over diversified Zimbabwean hospitality group, Meikles Limited.Discussions for the possible takeover had been going on ...

By Staff reporter | Published: 07 July 2017

TRANSPORT & TOURISM

Land Rover Discovery hits Zimbabwean market

The latest Land Rover Discovery unveiled in Harare last week is a vehicle which over the last four generations has given a new meaning to adventure. Premier Auto Services, a local Land Rover dealer as...

By Staff reporter | Published: 07 July 2017

MINING & RETAIL

Nkosana Moyo resigns from Impala Platinum board

Former Industry and International Trade minister Nkosana Moyo has resigned from South Africa's Impala Platinum, the world's second largest platinum producer and Zimplats' parent company, as an indepen...

By Ndou Paul | Published: 07 July 2017

TELECOMS & TECHNOLOGY

Econet to end roaming charges

Econet Wireless Zimbabwe has moved to effectively remove roaming charges through Econet Plus, a new product that allows Econet customers to make calls from anywhere in the world at local call charges....

By Staff reporter | Published: 06 July 2017

MINING & RETAIL

Zimbabwean appointed new Kumba CEO

Kumba Iron Ore Limited today announced the appointment of Mr Bothwell Mazarura as Chief Financial Officer and Executive Director, effective 1 September 2017.Bothwell holds a Bachelor of Accounting Sci...

By Staff reporter | Published: 06 July 2017

INDUSTRIALS & ENERGY

Mutare Bottling retrenches

Beverages manufacturer Mutare Bottling Company (MBC) has retrenched 61 employees.Managing director Allen Lang said MBC was cutting back on staff at the main plant and at its Rusape depot as it stream...

By Staff reporter | Published: 06 July 2017

INDUSTRIALS & ENERGY

starafrica in positive outlook

THE Joe Mutizwa-led board of starafricacorporation (starafrica) appears to be finally turning the corner in its quest to transform the fortunes of the beleaguered business, which has reported signific...

By Staff reporter | Published: 06 July 2017

INDUSTRIALS & ENERGY

Simbisa in expansion drive

SIMBISA Brands, the Africa-focused fast foods business, is focusing on Zimbabwe and Kenya in its expansion drive, according to the London-based research firm, Exotix Capital, which recently held disc...

By Staff reporter | Published: 06 July 2017

FINANCIAL SERVICES

Zimre Property seeks to turn fortunes

ZIMRE Property Investments (ZPI) suffered a 15 percent revenue decline and 10 percent projects income dip during the first quarter of 2017 compared to the prior period the previous year, as the Zimba...

By Staff reporter | Published: 06 July 2017

FINANCIAL SERVICES

ZHL to rebrand reinsurance unit

ZIMRE Holdings Limited (ZHL) has begun rebranding its reinsurance unit to bring its regional operations under Emeritus International, a Botswana-based holding company, the Financial Gazette can repor...

By Staff reporter | Published: 06 July 2017

MINING & RETAIL

Falgold faces uncertain future

ZIMBABWE Stock Exchange (ZSE) listed gold miner, Falcon Gold Zimbabwe, says the future of its remaining two mines in the country is uncertain due to a deteriorating economic environment, characterised...

By Staff reporter | Published: 06 July 2017

FINANCIAL SERVICES

National Building Society boss suspended

NATIONAL Building Society (NBS) managing director, Ken Chitando, has been sent on three months forced leave to pave way for an audit into the bank's financial accounts, after indications that the one...

By Staff reporter | Published: 06 July 2017

TRANSPORT & TOURISM

fastject acquires brand intellectual property rights

LOW-COST airline fastjet has acquired all intellectual property rights associated with the fastjet brand from the easyGroup with effect 29 June 2017 as the airline seeks to consolidate its presence in...

By Staff reporter | Published: 06 July 2017

TELECOMS & TECHNOLOGY

Legacy debt chokes NetOne

Zimbabwe's second largest mobile network operator by subscriber numbers, NetOne, has engaged creditors with a view to restructuring its legacy loans which are choking the business, the company has sai...

By Staff reporter | Published: 06 July 2017

TRANSPORT & TOURISM

Zimbabwe splurges $1billion on planes

ZIMBABWE'S cash-strapped government has spent nearly $1 billion on procuring Boeing 777-200ER planes from Malaysia Airlines, as it sets up a new airline to be run by President Robert Mugabe's son-in-l...

By Staff reporter | Published: 05 July 2017

MINING & RETAIL

Caledonia on course to achieve 2017 target

Caledonia Mining Corporation is on course to achieving its 2017 gold production target of 52 000 ounces to 57 000 ounces at its 49 percent-owned Blanket Mine in Zimbabwe.This is after the Toronto Stoc...

By Staff reporter | Published: 05 July 2017

LANDS & AGRICULTURE

Cash shortages fuel cotton side marketing

THE prevailing cash shortages have given rise to massive side-marketing of cotton contracted by the Government with private buyers paying spot cash to entice farmers.While the Government is entitled t...

By Staff reporter | Published: 05 July 2017

TRANSPORT & TOURISM

Swiss firm bid for NRZ recapitalisation

The State Procurement Board (SPB) yesterday unveiled six investors interested in the recapitalisation of the state-owned, National Railways of Zimbabwe (NRZ).NRZ infrastructure, which includes the rai...

By Staff reporter | Published: 05 July 2017

MINING & RETAIL

BNC smelter restart project now 83% complete

ASA RESOURCES Group' subsidiary, Bindura Nickel Corporation's (BNC) smelter restart project is 83% complete after $21,5 million was spent on the project which is set for completion this financial year...

By Staff reporter | Published: 05 July 2017

FINANCIAL SERVICES

Zimbabwe banks accountable for fraudulent use of cards

FINANCIAL institutions will be held responsible for any fraudulent or unauthorised transactions carried out without the knowledge of a credit or debit card holder.The Reserve Bank of Zimbabwe (RBZ) la...

By Staff reporter | Published: 05 July 2017

INDUSTRIALS & ENERGY

Zimbabwe's cooking oil industry regains capacity

THE cooking oil industry is operating at between 50 and 60% of capacity following import restrictions imposed by government in the past three years, an industry official has said.Oil Expressers Associ...

By Staff reporter | Published: 05 July 2017

TRANSPORT & TOURISM

African Sun Limited revenue up

Listed hospitality concern African Sun Limited (ASL) said its revenues in the five months to May went up by 15 percent compared to last year due to an increase in occupancy to 43 percent from 36 perce...

By Staff reporter | Published: 04 July 2017

LANDS & AGRICULTURE

SeedCo seeks alternative listing

Zimbabwe Stock Exchange-listed seed producer, SeedCo, is seeking alternative listing on a regional stock exchange to raise capital for its expansion projects.This comes as the country is experiencing ...

By Staff reporter | Published: 04 July 2017

FINANCIAL SERVICES

Insurers regulator to de-register errant firms

The Insurance and Pensions Commission (Ipec) is threatening to de-register insurance companies and brokers that are failing to meet client claims on time in the wake of a worsening economic situation,...

By Staff reporter | Published: 04 July 2017

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