TRANSPORT & TOURISM

NRZ resuscitation at an advanced stage

Zimbabweans in business and ordinary people have every reason to smile as government has found a solution to the resuscitation of the National Railways of Zimbabwe (NRZ).The resuscitation will be done...

By Staff reporter | Published: 20 October 2017

FINANCIAL SERVICES

Getbucks' mortgage program gets positive uptake

Zimbabwe Stock Exchange-listed Getbucks Microfinance Bank says it is has extended mortgage loans to the tune of around $600 000 as at mid-year.The deposit-taking microfinance institution started offer...

By Staff reporter | Published: 20 October 2017

INDUSTRIALS & ENERGY

Cairns Foods eyes regional markets

Cairns Foods says it is eyeing the regional export market by year 2019 and 2020 as it seeks to boost its revenue streams and foreign currency earnings.Chief executive Nancy Guzha told exporters at a Z...

By Staff reporter | Published: 20 October 2017

FINANCIAL SERVICES

Zimswitch to launch payment system

Zimswitch says it plans to launch two payment streams simultaneously with other Sadc countries that are expcted to complete their trial runs on a cross-border payment system by July next year .The com...

By Staff reporter | Published: 20 October 2017

MINING & RETAIL

Miners want 15% tax on platinum exports scrapped

ZIMBABWE'S platinum miners are lobbying government to either scrap or defer payment of a 15% export tax on unprocessed ore as the capital-intensive industry pushes for a raft of reforms ahead of the f...

By Staff reporter | Published: 20 October 2017

FINANCIAL SERVICES

RBZ sweats bulging RTGs balances

A confidence crisis is brewing over Zimbabwe's banking sector mainly driven by the gradual lo ss of value of bank balances due to the growing mismatch in the United States dollar exchange rate amid gr...

By Staff reporter | Published: 20 October 2017

LANDS & AGRICULTURE

Fertilizer firms optimistic

The fertiliser industry is optimistic that production will steadily increase following increased foreign currency allocation from the Central Bank, Zimbabwe Fertiliser Manufacturers spokesperson Tapiw...

By Staff reporter | Published: 20 October 2017

MINING & RETAIL

Chinese to explore chrome smelting opportunities

CHINA'S fifth largest ferrochrome producer, Yuanda Juhua, is exploring opportunities to build smelters in Zimbabwe to secure raw materials for its business.Three senior officials from the Yuanda Juhua...

By Staff reporter | Published: 20 October 2017

MINING & RETAIL

Zisco revival to bring $1 billion export earnings

THE revival of Ziscosteel will cut $350 million worth of steel imports and generate in excess of $1 billion in export earnings, Industry and Commerce Minister Dr Mike Bimha said yesterday.Responding t...

By Staff reporter | Published: 20 October 2017

MINING & RETAIL

Zimbabwe to proceed with platinum levy

Zimbabwe will proceed with plans to levy 15 percent on raw platinum exports starting next year, if producers fail to comply with Government policy and directive for miners to build beneficiation facil...

By Staff reporter | Published: 20 October 2017

INDUSTRIALS & ENERGY

South Koreans eye Zim power projects

A SOUTH Korean delegation is in the country doing market research on bankable power projects, with the aim of initially investing in a 100 Megawatt (MW) plant, The Financial Gazette has learnt.Zimbabw...

By Staff reporter | Published: 19 October 2017

INDUSTRIALS & ENERGY

Inflation-spooked Zim punters pile into bricks

BRICK manufacturing company, Willdale, has seen a spike in business as Zimbabweans, fearing a return to hyperinflation, rush for safe investments, the company's chief executive officer, Nyasha Matonda...

By Staff reporter | Published: 19 October 2017

MINING & RETAIL

Gold producers upbeat

ZIMBABWE'S gold mining firms are planning to ramp up production in the next few years at a time the majority of companies in the country are struggling due to a deteriorating economic environment.This...

By Staff reporter | Published: 19 October 2017

TELECOMS & TECHNOLOGY

Potraz challenges the developed world

The Postal and Regulatory Authority of Zimbabwe (Potraz) has challenged the developed world to assist developing countries to meet the universal health coverage targets by 2030. Universal health cover...

By Staff reporter | Published: 19 October 2017

INDUSTRIALS & ENERGY

Sable's ethane project moving at a snail's pace

Sable Chemicals' coal bed methane project is moving at a snail's pace as the company still awaits the mineral exploration for the Lupane deposits.Sable Chemicals chief executive, Mr Bothwell Nyajeka, ...

By Staff reporter | Published: 19 October 2017

FINANCIAL SERVICES

9 funeral assurers undercapitalised

LESS than half of the funeral assurance companies had minimum capital below the required threshold of $1,5 million as of end of June 2017, a new report has shown."As at 30 June 2017, four funeral assu...

By Staff reporter | Published: 19 October 2017

INDUSTRIALS & ENERGY

Sable targets 120 000t Ammonium Nitrate

THE country's sole Ammonium Nitrate (AN) manufacturer, Sable Chemical Industries, is targeting to produce about 120 000 tonnes of fertiliser this year to bolster stocks for the summer cropping season....

By Staff reporter | Published: 19 October 2017

MINING & RETAIL

TM boost Pick n Pay interim revenue

GIANT retailer, Pick n Pay, says its Zimbabwe associate TM Supermarkets' performance boosted the group's half year revenue for its Rest of Africa division, which increased by 12.6 percent to R2.3 bill...

By Staff reporter | Published: 19 October 2017

FINANCIAL SERVICES

MFIs non-performing loans decline

MICRO Finance Institutions (MFIs) in Manicaland have registered a reduction in the rate of non-performing loans due to tighter lending methods implemented by the sector following the reduction of inte...

By Staff reporter | Published: 19 October 2017

MINING & RETAIL

Govt invites diamond buyers

MINES and Mining Development Minister Walter Chidhakwa has taken advantage of the ongoing bi-annual Dubai Diamond Conference to invite international diamond buyers to tender for Zimbabwean diamonds wh...

By Staff reporter | Published: 19 October 2017

LANDS & AGRICULTURE

$15 000 Command wheat up in smoke

A Command Agriculture wheat crop worth an estimated $15 000 was last week razed by fire, suspected to have been started by illegal settlers, who are angling to take over Amalinda Farm in Murombedzi, M...

By Staff reporter | Published: 19 October 2017

LANDS & AGRICULTURE

'Allow more firms to import hatching eggs'

Zimbabwe's Avian Influenza-ravaged poultry can be revived if Government allows more suppliers to import hatching eggs, players in the sector have said.Over the past few months, the local poultry indus...

By Staff reporter | Published: 18 October 2017

FINANCIAL SERVICES

Demand for funeral assurance high

The funeral assurance industry saw its gross written premiums jump 13 percent to $80.3 million in the first half of 2017 compared to the same period last year as demand for its services remain high, t...

By Staff reporter | Published: 18 October 2017

MINING & RETAIL

Gold deliveries in massive surge

Gold deliveries to Fidelity Printers have hit 12,09 tonnes mark in the first seven months of the year, with deliveries by small-scale miners increasing 7,8 percent to 1 127,5 kg in July from 1 045,9kg...

By Staff reporter | Published: 18 October 2017

FINANCIAL SERVICES

Banking sector capitalisation increases to $1.24bn

Banking sector capitalisation increased to $1,24 billion by end of June 2017 from $1,22 billion recorded in the first quarter.Parliament's Budget Office (PBO) said all the banking institutions were ad...

By Staff reporter | Published: 18 October 2017
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