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POLITICS

ZACC boss sued for $200,000

HARARE businessman Adam Molai and his Housing Corporation Zimbabwe (HCZ) company are suing Zimbabwe Anti-Corruption Commission (ZACC) investigations boss Goodson Nguni for $200 000 for defamation.In a...

By Staff reporter | Published: 17 May 2018

INDUSTRIALS & ENERGY

Pepsi set to eat into Delta market share

DELTA Corporation's sparkling beverages market share could decline during the current reporting season following the coming on stream of a Pepsi plant early this year, an analysis on the company's out...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Kevin Wakeford to speak at Top Companies

TOP South African businessman and one of the region's foremost economic commentators, Kevin Wakeford, will be the guest of honour at this year's prestigious Top Companies Survey function to be held in...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

CFI blow for Nicholas van Hoogstraten

THE High Court has quashed the results of a November 2015 extra-ordinary general meeting (EGM) at CFI Holdings Limited (CFI) and a subsequent one late last year to discuss, among other things, the rev...

By Staff reporter | Published: 17 May 2018

MINING & RETAIL

$200m siphoned from Hwange

A KEY shareholder in the Zimbabwe Stock Exchange-listed coal mining giant Hwange Colliery Company Limited has raised the red flag over its multimillion-dollar coal gasification project, amid claims th...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Industry getting 60% forex from black market

INDUSTRIALISTS and retailers are sourcing at least 60 percent of their foreign currency requirements from the black market, the Confederation of Zimbabwe Retailers (CZR) has revealed.In the face of th...

By Staff reporter | Published: 17 May 2018

MINING & RETAIL

Hwange Colliery proposes 1 300 job cuts

HWANGE Colliery Company Limited (HCCL) shareholders toyed with the idea of cutting 1 300 jobs to save the company two years ago, a report has said.Minutes of two-day meetings of major shareholders hel...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Zim struggling with foreign payments backlog

ZIMBABWE'S foreign payments backlog has risen to over $600 million from $570 million in September last year, central bank governor John Mangudya has said.The governor dismissed assertions from pockets...

By Staff reporter | Published: 17 May 2018

INDUSTRIALS & ENERGY

Auto Tyres retrenches as revival fails

AUTO Tyres Zimbabwe has retrenched its entire staff after efforts to recapitalise the company, which stopped operations in 2016, failed, The Financial Gazette reported.A notice seen by The Financial G...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

US dollar, RTGS not at par, says CZI

PEGGING the greenback to Real Time Gross Settlement (RTGS) balances and bond notes on a one-to-one basis does not reflect the true value of the US dollar, the Confederation of Zimbabwe Industries (CZI...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

ILO pledge to fund TNF

THE International Labour Organisation (ILO) has pledged to fund the Zimbabwean Tripartite Negotiation Forum (TNF) in a bid to strengthen social dialogue in the country.ILO country director Hopalong Ph...

By Staff rpeorter | Published: 17 May 2018

BUSINESS NEWS

CZI to hold major investment forum

THE Confederation of Zimbabwe Industries (CZI) will hold its 2018 Congress and International Investment Forum from September 26-28 in Bulawayo.The congress, which runs under the theme From Dialogue to...

By Staff reporter | Published: 17 May 2018

TELECOMS & TECHNOLOGY

Golix to raise $32m through a token sale

Bitcoin was trading locally at a premium to prices obtaining on cryptocurrency exchanges outside of Zimbabwe.Bitcoin was trading locally at a premium to prices obtaining on cryptocurrency exchanges ou...

By Staff reporter | Published: 17 May 2018

INDUSTRIALS & ENERGY

Competition hots up in beverages sector

COMPETITION in Zimbabwe's beverages sector is set to intensify this year after the opening of Varun Beverages' Pepsi bottling plant in Harare.IH Securities said the beverages spaces, which is dominate...

By Staff reporter | Published: 17 May 2018

MINING & RETAIL

Caledonia cash flow up 296%

LONDON Stock Exchange-listed resources firm, Caledonia Mining Corporation (Caledonia), says its cash from operating activities surged by 296 percent to $7 million in the first quarter from $1,77 milli...

By Staff reporter | Published: 17 May 2018

EDUCATION

Teachers to protest on tomorrow

Teachers will be taking to the streets on Friday to protest against government's offer of increasing their salaries by 15 percent, saying the effort fell far too short of their expectations.Government...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

CSC recapitalisation deal edges close

THE Cold Storage Company (CSC) recapitalisation deal is expected to be finalised early next month, Lands, Agriculture and Rural Resettlement deputy minister, Davis Marapira has said.Marapira told News...

By Staff reporter | Published: 17 May 2018

LANDS & AGRICULTURE

Farm workers demand 100% salary hike

THE Progressive Agriculture and Allied Industries Workers' Union of Zimbabwe (Paawuz) has asked the government to increase the minimum wage for farm workers by at least 100% to $150 per month, saying ...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

SA frozen chicken imports continue

DESPITE a chicken import ban, data from the South African Revenue Services shows that over 1 000 tonnes of frozen chicken and offals were exported by that country to Zimbabwe from 2017.The Livestock,...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

Zimbabwe told to address cash crisis

ZIMBABWE  should maintain the positive momentum that it has started in improving its image, as well as addressing the cash crisis, a senior official has said.In an interview, Victoria Falls Safar...

By Staff reporter | Published: 17 May 2018

POLITICS

Mutodi to square up with Chamisa aide

An epic battle for the Goromonzi West parliamentary seat is looming between President Emmerson Mnangagwa's self-proclaimed apologist Energy Mutodi and MDC-T presidential spokesperson Luke Tamborinyoka...

By Staff reporter | Published: 17 May 2018

POLITICS

UK feels heat over Chamisa

Britain has been forced to come clean on allegations that it is backing President Mnangagwa's administration to win the forthcoming elections a week after MDC Alliance leader Nelson Chamisa had broken...

By Staff reporter | Published: 17 May 2018

POLITICS

Mnangagwa court papers vanish

A BID by three human rights and opposition activists to challenge President Emmerson Mnangagwa's right to hold office has reportedly hit a brickwall after their Constitutional Court application was cl...

By Staff reporter | Published: 17 May 2018

POLITICS

Zanu-PF chefs accused of jumping fuel queues

MOTORISTS in Chinhoyi have accused top Zanu-PF officials of jumping fuel queues to fill up their vehicles at the few service stations operating in the town.Clifford Mutopa, one of the affected motoris...

By Staff reporter | Published: 17 May 2018

BUSINESS NEWS

D-Day for Geiger over BB/Harare/Chirundu highway

An Austrian company that won the tender for the dualisation of the Beitbridge-Harare-Chirundu Highway, Geiger International, has up to tomorrow to deliver proof of funds for the project, failure of wh...

By Staff reporter | Published: 17 May 2018

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