Zimplats revenue decreased by 13% from the previous quarter impacted by lower sales volumes and a reduction in metal prices. Consequently, an operating profit of $20.6 million was realised, 48% lower ...
By Staff reporter | Published: 03 February 2014
The Securities and Exchange Commission of Zimbabwe will this week begin an inspection exercise of asset management companies with a view towards ensuring compliance in presenting audited results. SEC...
By Staff reporter | Published: 03 February 2014
The RBZ has urged financial institutions to provide cheap lines of credit to Small and Medium Enterprises (SMEs) in order to aid their growth.The SMEs sector has been struggling to take off as it face...
By Staff reporter | Published: 03 February 2014
Astra Industries is now focusing on expanding both its local and regional operations after regulatory authorities approved a deal to have local and foreign investors take over the Reserve Bank of Zimb...
By Business Reporter | Published: 03 February 2014
A massive restructuring exercise is looming at the Zimbabwe Mining Development Corporation as government moves in to sanitise the entity which has been sitting on thousands of mining claims countrywid...
By Staff reporter | Published: 03 February 2014
Zimbabwe's hotels will become uncompetitive while recent improvements in tourist arrivals may be reversed if government's plan to extend value added tax to non-residents goes through, industry players...
By Staff reporter | Published: 03 February 2014
Gold mining companies are lobbying Government for a reduction in the rate of royalty and power tariffs applicable to the sector to avoid potential collapse of mines and loss of jobs. Apart from reduct...
By Staff reporter | Published: 03 February 2014
Government will not allocate new mining claims to companies extracting diamonds in Marange when they exhaust their present concessions. Some mining firms in the area recently asked Mines and Mining D...
By Staff reporter | Published: 03 February 2014
One of Zimbabwe's leading pharmaceutical companies, QV Pharmacy has been placed under provisional judicial management.High Court judge, Justice Charles Hungwe granted the provisional order and placed ...
By Staff reporter | Published: 31 January 2014
Willdale Limited reported an improved operating result as turnover grew 25% mainly driven by a 27% increase in volumes sold. The growth is sales volume was on the back of improved brick availability a...
By Staff reporter | Published: 31 January 2014
TSL is looking to broaden its participation in agriculture beyond tobacco through growing other crops in a structured way, CE Washington Matsaira told analysts at a briefing to present FY13 financial ...
By Staff reporter | Published: 31 January 2014
The Reserve Bank of Zimbabwe published a notice on the change of name of Kingdom Bank Limited in terms of Section 22 (6) of the Banking Act to AfrAsia Bank Zimbabwe Limited and shall be known as such...
By Staff reporter | Published: 31 January 2014
Mines and Mining Development minister Walter Chidhakwa yesterday said Zimbabwe still had diamonds, but will not issue new claims to mining firms that only wanted to rely on alluvial gems in Marange.Ch...
By Staff reporter | Published: 31 January 2014
Diamonds from Marange will soon be sold in China and the United Arab Emirates as Government seeks to maximise revenue from the precious stone, Finance Minister Patrick Chinamasa has said. Addressing t...
By Staff reporter | Published: 31 January 2014
Diversified group, TN Lifestyle Holdings, has announced plans to close over 10 outlets by end of next month as the group scales down operations to reduce operational costs, the company has said. Accor...
By Staff reporter | Published: 31 January 2014
Delisted food processing firm Cairns Holding has received the regulatory approval paving way for a South Africa-based investor to inject $30 million to boost output, NewsDay Business reported. A sourc...
By Staff reporter | Published: 31 January 2014
Mining concern RioZim Limited risks losing its independent power producer's licence and the Sengwa coal concessions if it fails to make progress on its Gokwe North power project in the next six months...
By Staff reporter | Published: 31 January 2014
Zimbabwe's gold output marginally fell 2 percent last year after Government banned all mining activities along river banks in a bid to halt environmental degradation. Gold output declined to 12,66 ton...
By Staff reporter | Published: 31 January 2014
The Reserve Bank of Zimbabwe has advised banks that are struggling to meet the minimum capital requirements to downgrade and obtain deposit taking micro-finance licences. The central bank on Wednesday...
By Staff reporter | Published: 31 January 2014
Bank directors and shareholders who abuse depositors' funds risk prosecution and going to jail in terms of amendments proposed in the Banking Act, the Reserve Bank has said. Presenting the 2014 Moneta...
By Staff reporter | Published: 31 January 2014
RAINBOW Tourism Group (RTG) Limited has opened to the public the multi-million three-star Beitbridge Hotel leased to it by the National Social Security Authority (NSSA), a development expected to imp...
By Staff reporter | Published: 31 January 2014
GOLD production at Freda Rebecca Mine declined by 25 percent to 13,072 ounces in the last quarter of 2013 due to engineering down time and the annual shut down.Pan-African firm, Mwana Africa, which o...
By Staff reporter | Published: 30 January 2014
The Tobacco Industry and Marketing Board (TIMB) indicated that more than 87,000 growers have so far registered for the 2014 season."To date, about 87,281 growers have registered for the 2014 season co...
By Staff reporter | Published: 30 January 2014
ZIMBABWE has this year exported more than five million kilogrammes of tobacco valued at $22,3 million, data from the Tobacco Industry and Marketing Board (TIMB) show.TIMB indicated that as of January ...
By Staff reporter | Published: 30 January 2014
Interfin Bank Limited has found an investor who is willing to inject $50 million needed to recapitalize the ailing institution.Speaking after the Interfin Financial Services annual general meeting tod...
By Staff reporter | Published: 30 January 2014
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
