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TELECOMS & TECHNOLOGY

Econet postpones AGM

Shareholders are advised that the AGM of the company which was due to be held on Tuesday, 30th July 2013 has been postponed to Tuesday, 17th September 2013. At the time of publication of the AGM noti...

By Business reporter | Published: 24 July 2013

INDUSTRIALS & ENERGY

Delta Beverages increase volumes by 4%

Delta publishes a trading update for the first quarter ending June 30 saying total beverage volumes are up 4% with all categories except lager beer registering growth despite the slackening consumer d...

By Business reporter | Published: 24 July 2013

ZIMBABWE

Fuel prices go up

Zimbabwe's fuel prices increased marginally over the weekend by an average of $0,04 after going down by at least $0,10 in May.Petrol's price, which had increased to as much as $1,60 per litre, follow...

By Business reporter | Published: 24 July 2013

TELECOMS & TECHNOLOGY

Telecel lodges 'unfair' practice complaint

ZIMBABWE'S second largest mobile phone operator by subscription, Telecel Zimbabwe, has lodged a complaint with the Postal and Telecommunications Authority of Zimbabwe (Potraz) over alleged unfair busi...

By Business reporter | Published: 24 July 2013

ZIMBABWE

ZSE to finalise new listing rules by November

The ZSE will have new listing requirements by November as the bourse pushes for more disclosures in line with modern trading trends, chief executive officer Alban Chirume has said. Speaking at the fir...

By Business reporter | Published: 24 July 2013

ZSE TODAY

ZSE shares falter as Afre changes name to First Mutual

ZSE shares were back in the negative territory on Tuesday after losses across the board and hushed trades in heavyweight counters as Afre changed its name on the ZSE official list to First Mutual Hold...

By Business reporter | Published: 23 July 2013

Star Africa divests from Tongaat

Star Africa Corporation Limited (Star Africa)'s shareholders have approved the group's plan to dispose of its 33,3 percent stake in Tongaat Hulett (Tongaat) Botswana as part of strategies to raise cap...

By Business reporter | Published: 23 July 2013

AFRICA BUSINESS

'Embrace inclusive business in Africa'

The UN Development Programme says Africa should embrace inclusive business, a concept that brings together low-income people in a value chain, as a means of poverty alleviation while also achieving ot...

By Staff reporter | Published: 23 July 2013

BUSINESS NEWS

Harare Agric Show preps at advanced stage

Preparations for the 103rd Harare Agricultural Show have reached an advanced stage with over 70 percent of exhibition space having been booked, the Zimbabwe Show Society has said. The five-day annual ...

By Staff reporter | Published: 23 July 2013

BUSINESS NEWS

State-owned companies miss deadlines

Mildred Chiri the Comptroller-General said State owned enterprises had failed to comply with Public Finance Management Act indicating that several parastatals have failed to comply with government reg...

By Staff reporter | Published: 23 July 2013

BUSINESS NEWS

Give fair value for indigenised stakes

Dube, Manikai and Hwacha law firm senior partner Canaann Dube has called upon chartered accountants to come up with valuation mechanisms of business entities to help resolve disputes when complying wi...

By Staff reporter | Published: 23 July 2013

TELECOMS & TECHNOLOGY

TelOne takes legal action against defaulters

TELONE, the country's sole telephone landline service provider, has started taking legal action against hundreds of its customers to recover thousands of dollars in unpaid telephone bills. A majority ...

By Business reporter | Published: 23 July 2013

TELECOMS & TECHNOLOGY

Telecel directed to surrender 20% of its stake

EMPOWERMENT Corporation will soon increase its shareholding in Telecel Zimbabwe to 60 percent after Government directed controlling shareholder Telecel International to surrender 20 percent of its sta...

By Business reporter | Published: 23 July 2013

BUSINESS NEWS

Tobacco sales top $598 million

While the 2013 tobacco selling season officially ended on July 5 after 99 days of trading, contract sales continue to trickle in taking the funds realised by farmers to $598m. Market watchers contend ...

By Business reporter | Published: 23 July 2013

FINANCIAL SERVICES

deVere group 'zooms in' on Zimbabwe

Belgian-based financial consultancy and investment firm deVere Group (deVere) plans to strengthen its foothold in Zimbabwe after cutting ties with Tetrad Investment Bank. Last week, the group, with an...

By Business reporter | Published: 23 July 2013

BUSINESS NEWS

Zimbabwe turns Victoria Falls into a conference destination

GOVERNMENT will retain the aluminium and glass structure that will serve as a conference centre for next month's United Nations World Tourism Organisation (UNWTO) General Assembly as it wants to repos...

By Staff reporter | Published: 22 July 2013

MINING & RETAIL

Mine workers in 3-day underground strike

About 114 disgruntled workers at Lynx Mine in Karoi last week staged a 3-day underground strike as they demanded the axing of senior managers they accused of being insensitive to their plight. The str...

By Staff reporter | Published: 22 July 2013

POLITICS

Treasury acts to raise poll funds

Finance minister Tendai Biti has said Treasury has suspended the funding of all government activities except salaries as it battles to mobilise funds for elections. Addressing a Press conference in H...

By Staff reporter | Published: 22 July 2013

MINING & RETAIL

New Dawn threatens to pull out of Zimbabwe

New Dawn Mining Corporation has threatened to divest from Zimbabwe if its planned cost-reduction measures fail and the international gold price continues to fall.The gold miner - operating five mines ...

By Business reporter | Published: 22 July 2013

INDUSTRIALS & ENERGY

Sludge in Masawara oil deal

Just as there was drama and intrigue when Masawara acquired the former BP & Shell assets in 2010, last week's disposal of the same assets continues to court controversy after a Mauritian joint ve...

By Business reporter | Published: 22 July 2013

PEOPLE MOVES

Board changes at ZMDC, MMCZ

The Ministry of Mines and Mining Development has asked board members of two of its key parastatals - the Minerals Marketing Corporation of Zimbabwe and the Zimbabwe Mining Development Corporation - w...

By Business reporter | Published: 22 July 2013

BUSINESS NEWS

Vingirai wins back his shares & assets at Intermarket

Businessman Mr Nicholas Vingirai has regained assets and shares he lost following the takeover of Intermarket Financial Holdings by ZB Financial Holdings through the Reserve Bank of Zimbabwe.High Co...

By Business Reporter | Published: 22 July 2013

INDUSTRIALS & ENERGY

CAPS Pharmaceuticals has collapsed

DRUG manufacturing company CAPS Pharmaceuticals has collapsed after the firm's factory premises in Harare's Southerton industrial area was last week auctioned for US$1,5 million cash.This was after t...

By Business reporter | Published: 22 July 2013

ZIMBABWE

Political risks to slow down economy

A local advisory firm has projected that Zimbabwe's economy is expected to slow down during the second half of the year due to political uncertainty and macro-economic risks confronting the economy. I...

By Business reporter | Published: 22 July 2013

MINING & RETAIL

OK Zimbabwe grows revenue by 5.1%

OK Zimbabwe achieved revenue of $123.1 million which was a growth of 5.1% over same quarter of F13. Management says this was slightly below its rather aggressive budget which took into account anticip...

By Business reporter | Published: 19 July 2013

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