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LANDS & AGRICULTURE

Rights abuses rife on Zimbabwe tobacco farms

Global watchdog Human Rights Watch on Thursday urged Zimbabwe to take urgent steps to stem child labour and other rights abuses on the country's tobacco farms.In a report titled "Bitter Harvest", the ...

By AFP | Published: 05 April 2018

FINANCIAL SERVICES

FML declared a dividend of 0.15cps

THE First Mutual Life the board today declared a dividend of 0.15 cents per share for the year ended 31 December 2017 payable in respect of all the ordinary shares of the company. According to the com...

By Staff reporter | Published: 05 April 2018

ZSE TODAY

Market Commentary 5 April 2018

Market capitalisation stood at $8.31 billion in a trading session which saw 56 trades coming through. Foreign buys were $1,255,160 with sales closing at $448,061. Turnover also closed at $1,818,193. T...

By zse | Published: 05 April 2018

BUSINESS NEWS

Zimbabwe should adopt the South African rand

ZIMBABWE should adopt the South African rand as its official currency on an interim basis as a way of stabilising the economy, deputy Finance Minister Terrence Mukupe has said.This also comes as the ...

By Staff reporter | Published: 05 April 2018

FINANCIAL SERVICES

Barclays profit surges 83 percent

STRONG revenue growth led to an 83 percent surge in profit at Barclays Bank of Zimbabwe, which posted $19,8 million during the year to December 31, 2017, up from $10,8 million the previous year.Managi...

By Staff reporter | Published: 05 April 2018

FINANCIAL SERVICES

FBCH to revive share buy-back

FBC Holdings (FBCH) says it will reintroduce share buy-backs this year following an amendment to the Banking Act that lifted restrictions on the practice.Speaking at an analysts briefing last week, gr...

By Staff reporter | Published: 05 April 2018

FINANCIAL SERVICES

Old Mutual listed equities value drops

FINANCIAL services behemoth, Old Mutual (OM) says the value of its listed equity investments has so far this year fallen by 11,5 percent due to self-correction on the domestic bourse which experienced...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Rushed Mnangagwa could cost Zim $1.1billion

ZIMBABWE could lose approximately $1,1 billion in annual revenue if it ratifies the African Continental Free Trade Area (AfCFTA), inked by President Emmerson Mnangagwa in Rwanda about two weeks ago, e...

By Staff reporter | Published: 05 April 2018

MINING & RETAIL

Caledonia eyes $5m income increase

ZIMBABWE-FOCUSED gold miner, Caledonia, says it anticipates an increase in income during the current financial year, driven by a 7,5 percentage point increase in export incentives paid to gold miners ...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Mutsvangwa's son appointed to Ariston board

SPECIAL advisor to President Emmerson Mnangagwa, Chris Mutsvangwa's son Neville has been appointed to the Ariston Holdings board by the National Social Security Authority (NSSA).The appointment is wit...

By Staff reporter | Published: 05 April 2018

FINANCIAL SERVICES

NMBZ piles up government paper

DUAL-LISTED financial services group, NMBZ Holdings, increased portfolio of Treasury Bills (TBs) by 273 percent during the year to December 31, 2017.Financial results from the Zimbabwe Stock Exchange-...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Zimbabwe scores 12th on MICE rankings

ZIMBABWE took 12th spot on a continental ranking for hosting meetings, conferences and exhibitions, the Zimbabwe Tourism Authority (ZTA) has announced.The ZTA said the International Congress and Conve...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Zim sits on $25 million in unclaimed pensions

PENSION funds have $25 million in unclaimed pensions from nearly 25 000 pensioners, the majority of whom are migrants, an Insurance and Pensions Commission (IPEC) official has disclosed.For the sector...

By Staff reporter | Published: 05 April 2018

EDUCATION

Teachers snub Mnangagwa

VARIOUS teachers' unions falling under the newly-formed Federation of Zimbabwe Educators' Unions (Fozeu) have snubbed a consultative meeting organised by the government to address their grievances, sa...

By Staff reporter | Published: 05 April 2018

POLITICS

Mujuru fails to pay $387,000 for tractors

Former vice president and National People's Party (NPP) leader Joice Mujuru has been dragged to the High Court for failing to pay $387 000 in a tractors deal. Peppy Motors trading as Agritech, Sabrina...

By Staff reporter | Published: 05 April 2018

ZIMBABWE

ZSE turnover up 204% in Q1

The value of shares that exchanged hands on the Zimbabwe Stock Exchange (ZSE) was up 204% in the first quarter of the year to $144 555 983, with foreign investors buying more than they sold, latest da...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

CZI hosts business linkages workshop

THE Confederation of Zimbabwe Industries (CZI) is set to host a business linkages and small-to-medium enterprises (SMEs) development workshop, to foster strong business relations for mutual benefit.In...

By Staff reporter | Published: 05 April 2018

BUSINESS NEWS

Plumtree High inferno exposes fire brigade

PROPERTY worth thousands of dollars went up in smoke as fire destroyed a double-storey hostel at Plumtree High School.Witnesses said the damage could have been minimised had Plumtree's fire department...

By Staff reporter | Published: 05 April 2018

MINING & RETAIL

Prospect, Sinomine Cement seal lithium project agreement

GOLD and lithium developer Prospect Resources has cemented an agreement with Hong Kong-listed Sinomine Resources Exploration, which will see the development of the Arcadia lithium project, in Zimbabwe...

By Staff reporter | Published: 05 April 2018

TRANSPORT & TOURISM

US magazine lists Vic Falls as 'must vist'

A TOP United States magazine, Business Insider, has listed Victoria Falls as Africa's only must visit destination this April.The resort town, which harbours one of the world's seven wonders, was named...

By Staff reporter | Published: 05 April 2018

POLITICS

Mnangagwa expects China visit to spur economic growth

President Emmerson Mnangagwa has said his State visit to China has been very successful and has given momentum to Zimbabwe's thrust of rebuilding the economy .The State visit began on Monday and ends ...

By Staff reporter | Published: 05 April 2018

POLITICS

Grace Mugabe accused of invading mine

Former First Lady Mrs Grace Mugabe invaded a mining claim owned by Mr Shepherd Nyazvigo and his partners at Smithfield Farm in Mazowe four years ago and threatened them not to take the issue to the me...

By Staff reporter | Published: 05 April 2018

TRANSPORT & TOURISM

Air Zimbabwe operations crippled

NATIONAL airline, Air Zimbabwe's operations have been crippled following the breakdown of eight of its planes, leaving only two servicing all its routes leading to delays and postponement of flights.A...

By Staff reporter | Published: 05 April 2018

POLITICS

Mnangagwa to visit Beitbridge

President Emmerson Mnangagwa will soon visit Beitbridge to assess the state of irrigation schemes and engage local farmers on the challenges affecting production, a Government official said yesterday....

By Staff reporter | Published: 05 April 2018

OPINION

Buy local to restore Zimbabwe's wealth, pride

The Buy Local message is an ongoing call to action for the public and private sector, all businesses in the country, all government entities and ordinary consumers to restore a Zimbabwe with pride, we...

By Vandudzai Zirebwa | Published: 05 April 2018

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