Latest News

LANDS & AGRICULTURE

Cotton price negotiations begin

Ginners and farmer organisations have opened negotiations for viable cotton prices to lure back farmers who had abandoned the crop.Most cotton farmers abandoned the crop because of poor prices and are...

By Staff reporter | Published: 13 March 2014

MINING & RETAIL

Chinese company wants mineral guarantee to set up stainless steel plant

Tsingshan Iron and Steel Group of China is planning to establish an integrated stainless steel manufacturing plant in Zimbabwe, which will incentivise the company's involvement in infrastructure refur...

By Staff reporter | Published: 13 March 2014

BUSINESS NEWS

Zinwa unbundling underway

The Ministry of Water, Environment and Climate has begun the process of unbundling the Zimbabwe National Water Authority (Zinwa). Water, Environment and Climate Minister Savior Kasukuwere told parliam...

By Staff reporter | Published: 13 March 2014

BUSINESS NEWS

World Bank willing to assist Zimbabwe

The World Bank is interested in assisting Zimbabwe in resuscitating the smallholder livestock sector to boost the national herd. The national herd stands at 5, 2 million with three quarters of it comi...

By Staff reporter | Published: 13 March 2014

FINANCIAL SERVICES

Ecobank Zimbabwe records profit

EcoBank Zimbabwe Limited has recorded a $2,4 million profit before tax for the year ended 31 December 2013, a 220 percent rise from last year`s figure of $0.75million.The group's financial statement f...

By Staff reporter | Published: 13 March 2014

ZSE TODAY

Industrials scratch out modest gains

There were just 2 counters to trade in the positive on Thursday but Industrials managed to scratch out modest gains helped by selected counters that had their bids closing higher than the previous tra...

By Staff reporter | Published: 13 March 2014

INDUSTRIALS & ENERGY

Chemco shareholders approve takeover

Chemco minority shareholders approved the proposal for TSL to take full control of the agro chemicals business during an EGM held this morning.The shareholders passed all the resolutions namely; incre...

By Staff reporter | Published: 13 March 2014

CONSTRUCTION & PROPERTY

Southview Park to drive Fidelity's profitability

Fidelity Life will focus on the development of Southview Park in FY14 with proceeds from stand sales expected to drive the group's profitability to an estimated $30 million, MD Simon Chapereka told an...

By Staff reporter | Published: 13 March 2014

LATEST PUBLISHED REPORTS

FIDL | Audited results for FY ended 31 Dec 13

Financial Highlights:- Total revenue: $ 24 591 505- Total expenses: $ (20 293 554)- Profit from operations: $ 4 297 951- Profit before tax: $ 2 893 663- Profit for the year: $ 2 537 101- Dividend per ...

By FIDL | Published: 13 March 2014

ZIMBABWE

ZSE goes to Bulawayo

THE ZIMBABWE Stock Exchange (ZSE) is conducting investment awareness seminars for Bulawayo university students in a bid to make them appreciate how the local bourse functions.ZSE officials yesterday m...

By Staff reporter | Published: 13 March 2014

MINING & RETAIL

SA strike expected to push PGM prices

The protracted industrial action by mine workers in South Africa, the world's largest producer of platinum, could result in an upturn of platinum prices, the local mines body has said.Chamber of Mines...

By Staff reporter | Published: 13 March 2014

ECONOMC INDICATORS

'Gloomy Zimbabwe economic outlook to persist'

Prospects of Zimbabwe's economic revival remain gloomy with developments indicating a tough time ahead, economic analysts say.Among the challenges, the economists say the country faces a widening trad...

By Staff reporter | Published: 13 March 2014

MINING & RETAIL

Zimbabwe gold earnings slump 20%

Zimbabwe's total gold earnings slumped 20 percent to $626 million last year from $783 million realised in 2012, latest Chamber of Mines (CoM) figures reveal.This comes as escalating production costs, ...

By Staff reporter | Published: 13 March 2014

OPINION

Funding Zimbabwe's economic revival

History should only serve to remind us where we have come from, but should never limit what we can become.I notice that I could have left some of my judicious readers in the lurch last week with my su...

By Vince Musewe | Published: 13 March 2014

TELECOMS & TECHNOLOGY

NetOne gets 4-year lifeline

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has revealed that NetOne's operating licence is not due for renewal this year, insisting the company still has three years o...

By Staff reporter | Published: 13 March 2014

CONSTRUCTION & PROPERTY

Fidelity sees $30m return on project

Fidelity Life Assurance has anchored its growth on Southview Park, a property development project, confident it will deliver a $30 million windfall if all the 5 974 stands are sold.  Southview Pa...

By Staff reporter | Published: 13 March 2014

TRANSPORT & TOURISM

Future of NSSA's Beitbridge hotel hangs in the balance

The National Social Security Authority is racing against time in its bid to regularise the Rainbow Tourism Group Beitbridge hotel by next Friday, a deadline by which its temporary permit expires. The ...

By Staff reporter | Published: 13 March 2014

BUSINESS NEWS

Nhema says all firms should cede shares

The Minister of Youth Development, Indigenisation and Economic Empowerment, Francis Nhema, says all companies, particularly those in mining, are obliged to contribute to the community share ownership ...

By Staff reporter | Published: 13 March 2014

TELECOMS & TECHNOLOGY

Govt to utilise converged ICT experts to finalise policy

The Government will utilise the convergence of information communication technology experts in the country to finalise the draft ICT policy, a Cabinet Minister said on Tuesday.About 30 companies are e...

By New Ziana | Published: 12 March 2014

FINANCIAL SERVICES

Surface partners CBZ on contract soyabean farming

Cooking oil manufacturer Surface Investments has devised a new mechanism for funding contract farming that prevents side marketing, an official said on Tuesday.Surface chairman Narottam Somani told Ne...

By New Ziana | Published: 12 March 2014

MINING & RETAIL

Rio Tinto announces board changes

Rio Tinto Plc, which has a 78 percent interest in the Murowa Diamond Mine near Zvishavane, has announced changes to its board.Anne Lauvergeon and Simon Thompson will join the boards of Rio Tinto plc a...

By BH24/Mining.com | Published: 12 March 2014

LANDS & AGRICULTURE

Zim tobacco prices decline 16% from 2013

Tobacco prices in Zimbabwe, which relies on the crop as its biggest agricultural export earner, fell 16 percent from a year earlier, according to the Tobacco Industry and Marketing Board.Leaf prices ...

By Bloomberg | Published: 12 March 2014

CONSTRUCTION & PROPERTY

Zimbabwe property sector struggling

Zimbabwe property owners have decided to convert office space in cities to retail outlets in a bid to stay afloat, according to Africa Report.The report says that the property owners have been realisi...

By Staff reporter | Published: 12 March 2014

ZSE TODAY

ZSE shares weakens further

ZSE shares weakened further on Wednesday with most heavyweight counters trading southwards largely on gloomy economic outlook as depicted in the current earnings data across all sectors pointing to an...

By Staff reporter | Published: 12 March 2014

INDUSTRIALS & ENERGY

TSL management confident of period ahead

TSL Limited group Chief Executive Washington Matsaira told the AGM this afternoon that they are confident that they will continue to deliver a steady growth as they keep working to mitigate the impac...

By Staff reporter | Published: 12 March 2014

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