LANDS & AGRICULTURE

Poultry producers welcome surtax

The re-introduction of surtax on chicken and other goods to promote local producers has revived the local poultry industry with experts predicting further growth after imports declined significantly.L...

By Staff reporter | Published: 21 January 2014

INDUSTRIALS & ENERGY

Schweppes eyes regional market

A local beverages manufacturer, Schweppes Zimbabwe says it will expand into the neighbouring countries following high demand for its products on the regional market.In an interview, Schweppes Zimbabwe...

By Staff reporter | Published: 21 January 2014

TELECOMS & TECHNOLOGY

Zimpost automates

Zimbabwe Post (Zimpost) has so far automated 51 offices as the postal services company moves to computerize its over the counter services.The postal company's automation project is nearing completion ...

By Business reporter | Published: 21 January 2014

MINING & RETAIL

Lancashire Steel set to re-open

THE government has started moves to re-open tube and wire manufacturer Lancashire Steel ahead of resumption of operations at NewZim Steel, a senior official has said.Government announced in October la...

By New Ziana | Published: 21 January 2014

TRANSPORT & TOURISM

Vic Falls Safari Lodge opens six suites

THE Victoria Falls Safari Lodge has opened six safari suites following a recent increase in occupancy rate at the property.Chief executive officer of the award-winning Africa Albida Tourism (AAT), Ros...

By Staff reporter | Published: 21 January 2014

INDUSTRIALS & ENERGY

Ingwebu Breweries sales improve

INGWEBU Breweries recorded a 10 percent increase in sales during the festive season when the company was  running a promotion to celebrate its 100 years of service and excellence.Speaking at the ...

By Staff reporter | Published: 21 January 2014

INDUSTRIALS & ENERGY

Tanzanian firm to invest in BRI

A TANZANIAN firm, Bakhresa Group, is set to inject between $25 million and $40 million into grain milling and food processing entity, Blue Ribbon Industries, to revive the once vibrant company. Blue R...

By Staff reporter | Published: 21 January 2014

MINING & RETAIL

Freda Rebecca register a decline in output

Mwana Africa's cash cow, Freda Rebecca, registered a decline in output after a total of 13 072 ounces were produced during the quarter, representing a decrease of 25 percent over the previous quarter....

By Staff reporter | Published: 21 January 2014

MINING & RETAIL

Trojan Mine production up 76%

Mwana Africa's Nickel production rose 76 percent to 2 651 tonnes at Trojan Mine, a unit of Mwana Africa's 75,4 percent owned Zimbabwe Stock Exchange listed Bindura Nickel Corporation, compared to the ...

By Business reporter | Published: 21 January 2014

LANDS & AGRICULTURE

Tongaat Hulett under scrutiny

South African-based Tongaat Hulett, which wholly owns Triangle Limited - a company that was recently granted a temporary licence to deliver ethanol to the local market to shore up supplies - has court...

By Staff reporter | Published: 20 January 2014

MINING & RETAIL

Mines submit plans for Zim refinery

Major platinum miners in Zimbabwe have met a government deadline to agree and submit plans to build a major refinery in the country by the end of 2016, state media reported on Sunday.President Robert ...

By Reuters | Published: 20 January 2014

FINANCIAL SERVICES

Govt to restructure IDC

Government plans to restructure the Industrial Development Corporation (IDC) as part of efforts to revive the country’s ailing industry. The corporation, wholly owned by government, plays a role of ...

By Staff reporter | Published: 20 January 2014

TELECOMS & TECHNOLOGY

TelOne to invest $90m in new project

Fixed telecommunications operator, Telone will invest $90 million in new projects particularly in data, managing director Mrs Chipo Mtasa said.Mtasa said the money was part of the company's budget set...

By Staff reporter | Published: 20 January 2014

TELECOMS & TECHNOLOGY

Econet deal not good for Banks

Econet Wireless Zimbabwe is under pressure to revise its position regards to the opening up of USSD gateway amid indications banks are planning not to transact with its banking unit Steward Bank on th...

By Staff reporter | Published: 20 January 2014

TELECOMS & TECHNOLOGY

Econet acquires Altron's 8.6% in Liquid Telecom

Econet Wireless Global has acquired the 8.6% in its subsidiary Liquid Telecom held by JSE listed technology company Altron. In a statement to the Johannesburg Stock Exchange (JSE), Altron, which ...

By Staff reporter | Published: 17 January 2014

MINING & RETAIL

Zimbabwe platinum refinery deadline expires

Zimbabwe's deadline for the world's biggest platinum producers to submit plans for the construction of a refinery expired yesterday as it confirms its decision to ban raw exports of the metal by year ...

By Bloomberg | Published: 17 January 2014

LANDS & AGRICULTURE

Zim 2014 Tobacco crop seen beating 2013 Harvest by industry

Zimbabwe's output of tobacco this year may exceed 2013's harvest as the number of farmers registered to grow the leaves surged 32 percent, the head of the nation's marketing board said."Although we do...

By Bloomberg | Published: 17 January 2014

TRANSPORT & TOURISM

New luxury safari suites in Victoria Falls

Six new Luxury Safari Suites were opened in December as a result of an increasing rate of tourist arrivals.Award winning AFRICA ALBIDA TOURISM (AAT) a hospitality group with hotels, lodges and restaur...

By Staff reporter | Published: 17 January 2014

FINANCIAL SERVICES

Trust Bank depositors' compensation now a reality

The Deposit Protection Corporation says it will immediately pay all Trust Bank depositors a maximum insurable limit of $500 per depositor from the Deposit Protection Fund.This follows the appointment ...

By Staff reporter | Published: 17 January 2014

INDUSTRIALS & ENERGY

Willdale suspends talks with Chinese investor

THE ZSE listed Willdale Limited has terminated its negotiations with a Chinese investor, the company has said.According to reports, the company planned to lease out its factory for five years as it in...

By Staff reporter | Published: 17 January 2014

INDUSTRIALS & ENERGY

United Refineries target foreign markets

Zimbabwe's second largest cooking oil refinery, United Refineries, says it is now looking to revive exports, which would increase its capacity utilisation.The company has a refining capacity of 8 000 ...

By Staff reporter | Published: 17 January 2014

MINING & RETAIL

Standard Chartered buys 13% of Choppies

STANDARD Chartered's private equity arm has taken a 13% stake in Botswana-listed supermarket chain Choppies Enterprises, hardly three months after the retail giant opened shop in Zimbabwe.Choppies Ent...

By Staff reporter | Published: 17 January 2014

LANDS & AGRICULTURE

ZFU calls for competitive maize prices

ZIMBABWE Farmers' Union (ZFU) has called on the Grain Marketing Board (GMB) to come up with competitive maize producer prices to promote local farmers.In an interview yesterday, ZFU vice-president Ber...

By Business Reporter | Published: 17 January 2014

FINANCIAL SERVICES

ZB merger at advanced stage

ZB Financial Holdings says plans to merge its bank and building society are at an advanced stage and the completion of the process is expected in the next few months.ZB Bank acting managing director, ...

By herald | Published: 17 January 2014

INDUSTRIALS & ENERGY

Delta's larger volumes slumps 25%

Listed beverages maker Delta Corporation (Delta) says its lager beer volumes remain depressed, slumping 25% if compared to the 2012 quarter and 15% for the nine months to December 2013.The brewer - ab...

By Staff reporter | Published: 16 January 2014

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