Latest News

BUSINESS NEWS

Zimtrade cautions on over-reliance on SA

Zimtrade on Friday warned that over reliance on South Africa as the main trading partner puts the economy at risk and called for local companies to diversiy export markets.A study of 50 firms that Zim...

By New Ziana | Published: 04 April 2014

ZIMBABWE

Only 40% of Zim companies are exporting

The country's manufacturing sector is still depressed as companies continue to face challenges in producing for both local and foreign markets.A survey carried out by ZimTrade on the capacity of the l...

By Staff reporter | Published: 04 April 2014

ZSE TODAY

Industrials see-saws back into the red

ZSE's Industrials see-sawed back into the red at week's end as prices remained subdued across the board but volumes in blue chips stayed reasonable.The Industrials Index eased 0.10points or 0.06% to 1...

By Staff reporter | Published: 04 April 2014

ZIMBABWE

Govt courts ZSE for share buy-off

The minister of Youth, Indigenisation and Economic Empowerment says government intends to engage the Zimbabwe Stock Exchange (ZSE) on the disposal of shares reserved for indigenous people to locals tr...

By Staff reporter | Published: 04 April 2014

TRANSPORT & TOURISM

Air Zimbabwe tenders for smaller aircraft

Government says it will next week invite bids for the supply of 50-65 seater airbuses to Air Zimbabwe, to service its local and regional routes.At a media briefing in Harare Thursday, the minister of ...

By Staff reporter | Published: 04 April 2014

BUSINESS NEWS

Foreign interest in ZITF steady

Eighty-six percent of available exhibition space at this year's Zimbabwe International Trade Fair (ZITF) has been taken up, less than three weeks before the show begins in Bulawayo, a senior official ...

By Staff reporter | Published: 04 April 2014

INDUSTRIALS & ENERGY

Cairns completes business evaluation

CAIRNS Holdings Limited has completed evaluating its business in preparation for a fresh capital injection by prospective investor, Vasari Global Limited.It was not immediately clear what the value of...

By Staff reporter | Published: 04 April 2014

INDUSTRIALS & ENERGY

QV slowly getting out of the woods

QV pharmacies is set to be placed under final judicial management after the company recorded a slight increase in gross profit for the two months ending 28 February 2014.The company recorded a 5 perce...

By Staff reporter | Published: 04 April 2014

FINANCIAL SERVICES

Nyemudzo takes over as CBZ CEO

CBZ Holdings Limited has appointed Mr Never Nyemudzo to the position of group chief executive effective May 1 2014 after outgoing CEO Dr John Mangudya was elevated to take charge at the central bank.D...

By Staff reporter | Published: 04 April 2014

TELECOMS & TECHNOLOGY

Econet under probe

ECONET Wireless Zimbabwe has again attracted the ire of banks after it emerged this week that the mobile telephone company could be engaged in potentially unfair business practices that have attracted...

By Staff reporter | Published: 04 April 2014

ZSE TODAY

Industrials in marginal gains as volumes recover

Industrials recorded marginal gains on Thursday amid swelling volumes mostly in heavily capitalised counters.There were significant volumes trading 6 out of the market's 10 most heavily capitalised co...

By Staff reporter | Published: 03 April 2014

OPINION

Know what kind of careerist you are

What do you define as a successful career? What is the difference between what you believe is success and what others (your colleagues, managers, or clients) define as success? We all have a limited a...

By Regenesys | Published: 03 April 2014

BUSINESS NEWS

Weaker rand to hurt Zim's trade competitiveness

The continued weakening of the South African rand should further erode Zimbabwe's export competitiveness as South Africa is Zimbabwe's major trading partner in the region, and only falls behind China ...

By Staff reporter | Published: 03 April 2014

FINANCIAL SERVICES

Economic slowdown threatens insurance sector

Zimbabwe's economic slowdown has resulted in the insurance sector annual growth decreasing to 8.16% in 2013 compared to 22.04% a year earlier, according to data disclosed by the insurance regulator. T...

By Staff reporter | Published: 03 April 2014

BUSINESS NEWS

Mutsvangwa urges govt to repay Chinese loans

Foreign Affairs Deputy Minister Chris Mutsvangwa yesterday castigated Government for failing to repay its international loans, saying such behaviour impacted negatively on the country's relations with...

By Staff reporter | Published: 03 April 2014

ZIMBABWE

$600m wiped off ZSE equities in first quarter

THE Zimbabwe Stock Exchange lost a combined value of $642,8 million in the first quarter of 2014 as stock prices plummeted. The market capitalisation at the end of March 2014 was $4,56 billion, 12,4 p...

By AFRASIA KINGDOM | Published: 03 April 2014

INDUSTRIALS & ENERGY

Chinese firm to invest $1bn in steel plant

A Chinese firm, Tsingshan Steel, is planning to invest about $1 billion in an integrated stainless steel manufacturing plant and power station in Zimbabwe, the Fingaz reported. Benson Xu Kemin, the co...

By Staff reporter | Published: 03 April 2014

LANDS & AGRICULTURE

CSC grapples with $30m debt

STATE-owned beef processor, Cold Storage Company Limited (CSC), battling to recover from a devastating crisis sparked by prolonged under-capitalisation, is planning to hive off a $30 million debt from...

By Staff reporter | Published: 03 April 2014

POLITICS

Farmers fail to use their land titles

Farmers who struggle for funds each year, have to wait for a indefinite period before they know whether they will ever be able to use their land titles for purposes of obtaining loans from local banks...

By Staff reporter | Published: 03 April 2014

POLITICS

Zim govt won't alter 99-year leases

Government will not amend the law to make 99-year leases commercially transferable just to suit the interest of banks. Minister of Lands and Rural Resettlement Douglas Mombeshora in an interview yeste...

By Staff reporter | Published: 03 April 2014

TELECOMS & TECHNOLOGY

Econet starts loan roll out

ECONET Wireless prepaid service subscribers are now able to access a maximum of $500 worth of loans using cell phones under Econet's mobile phone savings account. The mobile phone-based loan facility ...

By Staff reporter | Published: 03 April 2014

INDUSTRIALS & ENERGY

Sefalana, Star Africa deal collapses

BOTSWANA Stock Exchange listed Sefalana Holdings bid to buy starafrica corporation's 33 percent stake in Tongaat Hullet Botswana collapsed after the parties failed to agree on price, sources close to ...

By Staff reporter | Published: 03 April 2014

FINANCIAL SERVICES

Impressive results for Stanbic Bank

Stanbic Bank Zimbabwe weathered the harsh economic environment to record a $18,3 million profit after tax for the year ended December 31 2013 up from $17,2m for the comparative period in 2012.In a sta...

By Staff reporter | Published: 02 April 2014

ZIMBABWE

Zim bans fresh fruit, vegetable imports

Zimbabwe has banned imports of fresh fruit and vegetables with immediate effect, the agriculture ministry said on Wednesday, arguing that increased local production will meet domestic demand.The ban w...

By Reuters | Published: 02 April 2014

LANDS & AGRICULTURE

Zim tobacco sales hit $130m

Zimbabwe has earned $130,6 million from the sale of 41,78 million kilogrammes sold at an average price of $3.13 per kilogramme since the opening of this marketing season on February 19.The volume of t...

By Staff reporter | Published: 02 April 2014

Latest News

Latest Published Reports

Latest jobs