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BUSINESS NEWS

Business decries fuel price hikes

THE Zimbabwe National Chamber of Commerce (ZNCC) has expressed concern over continuous fuel price increases saying the trend was negatively impacting on production due to rising cost of goods and serv...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Cyber Crime Bill gets the nod

Cabinet yesterday approved the Cyber Crime, Security and Data Protection Bill which seeks to combat cyber crimes and enhance security in the wake of rampant abuse of the platform. The Bill, which prov...

By Staff reporter | Published: 10 October 2019

MINING & RETAIL

Arcadia leads Zimbabwe's mega mine projects

Prospect Resources has registered significant progress on its Zimbabwe-based electric vehicle batteries lithium project just outside Harare, which it says will become the first major mining project to...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Simbisa suffers exchange rate loss

LISTED fast food retail giant, Simbisa Brands Limited suffered a net foreign exchange loss of $2,7 million during the year ended June 2019, arising from revaluation of foreign denominated assets and l...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

StanChart opens Anfield doors

Standard Chartered Bank has flung open the doors of Liverpool's Anfield Stadium in a lifetime experience for seven footballers who will win the fourth edition of the popular Standard Chartered Cup tha...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Local firms seek to partner UK companies

SOME local companies are reportedly negotiating distributor arrangements with United Kingdom (UK) firms and have identified business partners who will provide machinery for value-adding their products...

By Staff reporter | Published: 10 October 2019

INDUSTRIALS & ENERGY

Chiyangwa's ZECO Holdings after-tax loss widens by 52%

Bulawayo-based engineering firm Zeco Holdings Limited remains in the red after its loss-after-tax widened by 52% to $886 605 in the six months to June 30, 2019, despite undertaking cost-containment me...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

No access to internet for 67 ZimPost offices

Sixty-seven post offices in Zimbabwe do not have internet access, the Abridged sector report for the second quarter has revealed.Potraz has been working on bridging the digital divide between the rura...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Zimpapers hike prices of all its publications

Zimbabwe Newspapers Limited (Zimpapers) has announced new cover prices for all its publications with effect from Thursday 3 October 2019. Below is the statement from Zimpapers:Zimpapers would like to...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

NetOne subscriber base up 6,1%

STATE-OWNED mobile network provider NetOne increased its subscriber base by 6,1 percent in the second quarter to June 2019, latest industry figures show. According to the Postal and Telecommunications...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

ZCTU plans for mass action

AS THE prices of basic good continues to zoom beyond the means of the majority, any lingering hopes as recently expressed by under-fire Finance minister Mthuli Ncube that the country's deepening econo...

By Staff reporter | Published: 07 October 2019

POLITICS

Magombeyi 'abduction' - trouble looms for Mnangagwa

PRESIDENT Emmerson Mnangagwa's failure to investigate and bring to account, people linked to the abductions of two unionists, Zimbabwe Hospital Doctors Association (ZHDA) leader Peter Magombeyi, trade...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Bulawayo gets US$34 million for service delivery

GOVERNMENT has allocated US$34 million and ZWL$18 million to the City of Bulawayo to improve service delivery.This was revealed by Bulawayo Metropolitan Affairs minister Judith Ncube while addressing ...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Striking doctors dig in

ZIMBABWE'S health crisis continues to slide down the precipice, with doctors at public hospitals yesterday vowing to extend their industrial action, promising to report for duty today, but not giving ...

By Staff reporter | Published: 07 October 2019

TELECOMS & TECHNOLOGY

Mobile money transactions surge 108%

POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says mobile operators experienced an increase in volume and value of mobile money transactions with cash-in transactions surging...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Zera, Zesa trigger price madness

PRICES of basic commodities, including fuel, and services continue to soar days after President Emmerson Mnangagwa threatened to introduce the Competition Act to impose deterrent penalties to combat w...

By Staff reporter | Published: 07 October 2019

FINANCIAL SERVICES

Agribank workers seek US$-indexed salaries

AGRIBANK employees are demanding interbank rated salaries as they decry current earnings which have been eroded by ravaging inflation.Agitated workers at the banking institution have rejected a recent...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Nust students protest over exorbitant graduation fees

NATIONAL University of Science and Technology (Nust) students, who are expecting to graduate on November 8, have petitioned their administration over exorbitant graduation fees which they described as...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Storm brews over nostro accounts

THE Reserve Bank of Zimbabwe (RBZ)'s decision to tighten regulations on withdrawals of foreign currency by Zimbabweans who earn their salaries in foreign currency faces litigation, while analysts war...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Zimbabwe industry capacity utilisation to drop to 30%

MANUFACTURING sector capacity utilisation is projected to drop to about 30 percent this year from 48 percent in 2018 due to negative macro-economic factors that hit Zimbabwe since January, the Confede...

By Staff reporter | Published: 07 October 2019

POLITICS

British Council fails to settle US$11,000 debt

The British Council Zimbabwe has been summoned to the High Court for failing to settle a US$11 000 debt they owe a construction company for refurbishing their Belgravia offices. Africa Refractory Indu...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Doctors exit the Health Apex Council

Striking junior doctors might not be able to negotiate their conditions of service going forward following their latest decision to exit the Health Apex Council, which represents not only them, but th...

By Staff reporter | Published: 07 October 2019

INDUSTRIALS & ENERGY

Padenga in bid to improve crocodile skins quality

STOCK exchange-listed, Padenga Holdings Limited says it has invested in a research laboratory with aims to improve the crocodile skins quality as the company seeks to maintain and grow its hold on the...

By Staff reporter | Published: 07 October 2019

TELECOMS & TECHNOLOGY

Telecoms sector posts revenue growth

Zimbabwe's telecommunications sector registered growth in revenues for the quarter ending June 30, 2019, mainly on the back of upward tariff reviews as economic headwinds persisted. The sector, like a...

By Staff reporter | Published: 07 October 2019

POLITICS

Zanu-PF sets up electoral college for DCCs

All card-carrying Zanu-PF members in Harare will be eligible to vote for members of the proposed District Coordinating Committees, whose prospective candidates will be vetted today after the submissio...

By Staff reporter | Published: 07 October 2019
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