INDUSTRIALS & ENERGY

Dewei purchases PG for R500,000

Hardware retailer PG Industries says it has found an investor, Dewei Investments Limited, to buy the entire company's share register at a cost of $500,000.The company has been under a High Court sanct...

By Staff reporter | Published: 14 July 2016

LANDS & AGRICULTURE

Tobacco rakes in $500 million

TOBACCO sales have so far raked in more than $500 million in sales for the 71 days of the marketing season, as farmers continue to deliver the golden leaf.tobacco prices started as low as US 0.6 cents...

By Staff reporter | Published: 13 July 2016

INDUSTRIALS & ENERGY

Delta reports 11% drop in first quarter revenues

Delta Corporation’s revenue fell 11% in the first quarter, reflecting both weak demand and changes to the mix of the products within our portfolio. In its trading update for the three months to...

By Staff reporter | Published: 13 July 2016

INDUSTRIALS & ENERGY

Meikles FY2016 turnover up 10%

Hotel and retail group Meikles Africa Limited's turnover for the full year to March 30, 2016 rose by 10 percent to $454 million relative to prior year.The group says it has delayed the release of its ...

By Staff reporter | Published: 12 July 2016

FINANCIAL SERVICES

Stanbic to launch mobile banking app

Standard Bank Africa has announced plans to launch a new banking application in ten countries including at its local subsidiary Stanbic Zimbabwe, before the end of this year.Stanbic Bank Zimbabwe is a...

By New Ziana | Published: 12 July 2016

MINING & RETAIL

Mugabe takes Zimplats to court in effort to seize land

ZIMPLATS has been dragged to court with President Robert Mugabe seeking to finalise the take-over of nearly 28,000 hectares of platinum land claims belonging to the miner.Zimbabwe is pushing through a...

By Staff reporter | Published: 12 July 2016

TRANSPORT & TOURISM

CourierConnect in maiden profit

ZIMBABWE'S premier logistics concern, CourierConnect's turnaround strategy has paid dividends with the company posting profits for the first time since its inception about seven years ago. For the yea...

By Conrad Mwanawashe | Published: 12 July 2016

MINING & RETAIL

Chihota takes control of RioZim operations

RioZim Ltd chairman Lovemore Chihota has taken over the day-to-day management of the mining group amid indications he now has an office and works closely with external managers, the Zimbabwe Independe...

By Staff reporter | Published: 12 July 2016

MINING & RETAIL

Zim miners deny evading taxes

Zimbabwe mining companies say they are not evading taxes but distribute their earnings legitimately among various stakeholders in line with the country's laws.Isaac Kwesu, the Zimbabwe Chamber of Mine...

By Staff reporter | Published: 24 June 2015

INDUSTRIALS & ENERGY

Innscor unbundling forges ahead

Innscor Africa Limited (Innscor) has tasked its executive director for corporate finance, John Koumides, to lead an advisory committee implementing the separate listing of the group's fast-food busine...

By Staff reporter | Published: 24 June 2015

LANDS & AGRICULTURE

CSC tannery improves operations

Meat processor Cold Storage Company says it has registered an increase in hides processed at its tannery following the imposition of an export levy on raw hides by Government.Government introduced a 7...

By Staff reporter | Published: 24 June 2015

INDUSTRIALS & ENERGY

General Belting's turnover up 47%

Listed conveyor belts maker General Beltings has recorded a 47 percent upturn in turnover for the first five month of the year, on the back of a Government initiative last year to protect a number of ...

By Tawanda Musarurwa | Published: 24 June 2015

MINING & RETAIL

'Renewed interest in Zimbabwe's chrome sector'

There is renewed interest by investors in the chrome sector following the lifting of a ban on unprocessed ore exports, a cabinet minister has said.Government two weeks ago reversed a four-year chrome ...

By New Ziana | Published: 24 June 2015

INDUSTRIALS & ENERGY

Innscor's bread sales improve

Innscor Africa Limited's bread making subsidiary, Baker's Inn, has recorded a 36 percent increase in sales volumes to 340 000 driven by price reductions.Chief executive Mr Toni Fourie said the jump in...

By Staff reporter | Published: 24 June 2015

TELECOMS & TECHNOLOGY

Econet launches mobile extension service

Mobile telecommunications firm Econet Wireless last Friday launched a service that allows farmers to access extension services from experts through the phone.Dubbed "Dial-a-Mudhumeni", the service has...

By New Ziana | Published: 24 June 2015

MINING & RETAIL

4 firms bid for Hwange Colliery coke oven facelift

HWANGE Colliery Company Ltd has received bids from four companies interested in rebuilding its coke oven battery as it moves to increase regional exports.The battery, which converts coking coal into ...

By Martin Kadzere | Published: 24 June 2015

LANDS & AGRICULTURE

Govt orders CSC forensic audit

Government has ordered a forensic audit of State-owned meat processor Cold Storage Company's (CSC) operations before approving an $80 million injection from a Botswana investor.CSC used to play a lea...

By Tinashe Makichi | Published: 24 June 2015

LANDS & AGRICULTURE

CSC seeks approval for strategic partner

Meat processor Cold Storage Company says it has secured an investor willing to inject $80 million into the company but Government is yet to approve its turnaround strategy which paves the way for the ...

By Rumbidzayi Zinyuke | Published: 23 June 2015

TRANSPORT & TOURISM

Victoria Falls airport runway near completion

The Civil Aviation Authority of Zimbabwe (CAAZ) will be conducting test flights at the beginning of August to ascertain if the new Victoria Fall Airport runway meets international aviation standards.T...

By Staff reporter | Published: 23 June 2015

MINING & RETAIL

Zim not going back on diamond merger

Government will proceed with plans to consolidate diamond mining operations in the country despite facing resistance from certain diamond mining companies who up to now are still to make a decision o...

By Tinashe Makichi | Published: 23 June 2015

FINANCIAL SERVICES

Zimbabwe banking sector profits decline

The Reserve Bank of Zimbabwe says the banking sector's capitalisation though largely in compliance with minimum capital requirements, remains under threat from losses being recorded by a few banking i...

By Staff reporter | Published: 23 June 2015

INDUSTRIALS & ENERGY

Fuel blending to go up to 30%

THE government says plans are underway to increase mandatory blending levels of unleaded petrol with ethanol to E30 and beyond as part of measures to arrest energy costs.Responding to questions on gov...

By Prosper Ndlovu | Published: 23 June 2015

MINING & RETAIL

KPCS meeting opens in Luanda

The Kimberly Process Certification Scheme intercessional meeting has started in Luanda Angola, with the initial working group sessions avoiding contentious issues to do with the vice chairmanship and ...

By Staff reporter | Published: 23 June 2015

TRANSPORT & TOURISM

Air Zimbabwe re-launches Lusaka route

Air Zimbabwe has today re-launched its Harare-Lusaka route which was discontinued in 2011 due to low passenger traffic. The airline will now be flying between Harare and Lusaka three times a week - o...

By Walter Muchinguri | Published: 22 June 2015

INDUSTRIALS & ENERGY

CAPRI commissions $12m plant

A local refrigeration manufacturer, CAPRI has commissioned a $12 million plant that is expected to help boost capacity utilisation to 100 percent with immediate effect.The company's product availabili...

By Staff reporter | Published: 22 June 2015
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