THE National Railways of Zimbabwe (NRZ) has raised the red flag over illegal gold panning activities close to railways tracks, a situation which could result in the rail collapsing under the weight of...
The global platinum market will end the year in a surplus of 295 000 ounces as both supply, from main producers Zimbabwe, South Africa and Russia, and demand for the metal will fall by 2 percent, the ...
Zimbabwe will soon start the production of diesel, leveraging on massive coal bed methane the country is endowed with in line with the ethos of mineral value addition, Post Business has reported.Coal ...
PROPERTY belonging to Zimbabwe's largest gold producer, Metallon Corporation, will be auctioned by the High Court to recover an estimated US$30 million owed to various creditors and workers, as the mi...
Financial services group CBZ Holdings, says the outcome of ongoing investigations by the US Treasury Department's Office of Foreign Assets Control (OFAC) regarding historical transactions involving a ...
The cost of Ammonium Nitrate (AN) fertiliser, which is largely on the upper side in the country mainly due to high costs of the major component, ammonia, is set to come down once coal - bed methane ga...
The Swiss food multi-national Nestle is investing $1.25m (£1m) in Zimbabwe to help revive its coffee industry, news agency Bloomberg reports.It is set to buy nearly all the coffee produced by the cou...
THE confederation of Zimbabwe Retailers (CZR) says it is concerned with the rampant smuggling of goods, which has become a threat to the country's industrialisation process.Denford Mutashu, the confed...
DAWN Properties Limited (Dawn) revenue from hotel property leases went up 30,6 percent to $1,52 million during the six months ended June 30, 2018 on the back of increased occupancy at the hotels as de...
ZIMBABWEAN banks are slowly increasing capital allocation towards investment securities after controlled lending rates put pressure on the sector's profits in the half year to June 2018, The Financial...
Agribank recorded a profit after tax of $4,1 million for the half year to June 30, 2018 compared to $2,2 million recorded last year.THE Agriculture Development Bank of Zimbabwe (Agribank) says it is c...
METBANK has opened an exporters' hub in Harare aimed at stimulating the country's economic growth through increased production.This was after the bank had earlier in the year signed agreements with th...
ZIMPLATS, the country's largest platinum miner, says its profits declined by 94 percent in the year to June 2018 after the company changed its status from a special mining lease (SML) holder to mining...
AUREX Holdings (Aurex) has doubled its jewellery exports after inking international marketing agreements with companies such as Suzan General Trading (Suzan), officials say.This also comes as the firm...
EDGARS Stores (Edgars) says it is engaged in discussions with an unnamed investor in a deal that may impact value of the company's shares.Buhlebenkosi Mpofu, the clothing retailer' company secretary, ...
GOVERNMENT has been urged to promote domestic tourism through a number of innovative initiatives, including concessionary support measures to low-wage earners.Speaking during the Professionals Busines...
NATIONAL Railways of Zimbabwe (NRZ) has petitioned the High Court seeking an order to compel the Grain Marketing Board (GMB) to pay $710 696 in rental arrears and another order to evict the parastatal...
ZIMBABWE'S economic challenges continue to mount with key towns, Beitbridge and Victoria Falls, running out of fuel.The fuel shortage comes at a time the country is facing a wave of price increases, w...
ZIMBABWE was by yesterday left with less than a month of wheat stocks after a United Kingdom-based supplier held back a 30 000-tonne consignment at Mozambique's port of Beira until payment is confirme...
THE Ministry of Mines and Mining Development has put chrome miners under close watch following concerns over mushrooming of highway operations that threaten roads and pose risks to humans and animals....
A MULTITUDE yesterday flooded the streets of Bulawayo, bringing much activity to the usually serene city, as residents joined an organised procession along historic sites in memory and honour of the l...
Police in Mashonaland East Province have arrested three security guards from Braising Security Company for shooting illegal gold miners at Arcturus Mine in Goromonzi over the week-end. The guards shot...
Hospitality group, African Sun Limited, reported earnings growth for the half year to June 30, 2018 as operating profit surged 672 percent to $3,8 million on good business during election period. Reve...
Delta Corporation, a key player in economic development, has invested over $260 000 towards the upgrade of a road junction that links its Fairbridge Chibuku Super plant with the Harare-Bulawayo Highwa...
Several companies were still trickling to Bulawayo yesterday for the on-going 11th edition of the Sanganai/Hlanganani World Tourism Expo, which has received overwhelming response from local exhibitors...