Latest News

SOCCER

Mourinho says he likes Rooney

Bangkok - Chelsea boss Jose Mourinho admitted he admires Wayne Rooney "very, very much" Friday but stopped short of saying he hoped to sign the unsettled Manchester United star.Mourinho was speaking ...

By AFP | Published: 16 July 2013

EUROPE

Tablet wars intensify as prices tumble

Washington -Tablet prices are plunging amid a flood of new devices and cutthroat competition for market share.Amazon has slashed prices of its Kindle HD tablets to as low as $169 (R1 673) in the US a...

By AFP | Published: 16 July 2013

ZIMBABWE

Mineral earnings to reach $24 billion

Mineral earnings from Zimbabwe are projected to rise 12-fold to $24 billion by 2018, from $2.6 billion last year, a study of the industry has shown, pointing out that fiscal revenue would equally get...

By Business reporter | Published: 16 July 2013

BUSINESS NEWS

IDC seeks $140 million

The Industrial Development Corporation is courting suitors for cash to recapitalise its ailing subsidiaries, with officials indicating they were looking for about $140 million. IDC controls more than...

By Business reporter | Published: 16 July 2013

BUSINESS NEWS

Kanyekanye exit exposes wrangles

Joseph Kanyekanye's resignation as chairman of the boards of Capital Bank and RTG could be a microcosm of intense board wrangles rattling both institutions in which NSSA is a controlling shareholder....

By Staff reporter | Published: 16 July 2013

BUSINESS NEWS

NSSA completes board reconstitution

NSSA has completed the reconstitution of its board members seconded to chair three of its subsidiaries following a resolution by the State-owned entity to push for the appointment of independent dire...

By Staff reporter | Published: 16 July 2013

ZIMBABWE

CSD to run from September

Chengetedzai Depository Company, a local business company that won the tender to run the country's first ever Central Securities Depository in 2010, will be running the platform by September this yea...

By Staff reporter | Published: 16 July 2013

PEOPLE MOVES

Shell makes surprise CEO choice

LONDON - Royal Dutch Shell has named head of refining Ben van Beurden to replace chief executive Peter Voser, a surprise appointment to steer Europe's biggest oil firm through an industry-wide battle...

By Reuters | Published: 16 July 2013

FINANCIAL SERVICES

NMB labour unrest rages on

Labour unrest continues to rock NMB Bank Limited (NMB) with non-managerial staff giving the financial institution a fresh ultimatum after a botched strike attempt.The Zimbabwe Banks and Allied Worke...

By Staff reporter | Published: 16 July 2013

BUSINESS NEWS

Zimbabwe extends UNWTO begging bowl to corporate sector

The Tourism and Hospitality ministry has extended its begging bowl to the corporate sector seeking nearly $2 million from local companies to fund the forthcoming United Nations World Tourism Organisa...

By Business reporter | Published: 16 July 2013

BUSINESS NEWS

Kingstons assets go under the hammer

The High Court has ordered the sale of stationery retailer Kingstons Limited's commercial stands in a bid to recover $300 000 owed to ZB Bank. According to a public notice last Friday, a local proper...

By Business reporter | Published: 16 July 2013

TELECOMS & TECHNOLOGY

PowerTel secures $100 million vendor financing

Powerful Communications, a telecoms unit of State-owned power utility Zesa Holdings, could be close to securing $100 million vendor financing from China Eximbank as the firm embarks on a network exp...

By Business reporter | Published: 16 July 2013

BUSINESS NEWS

Cimas to increase medical aid rates

CIMAS Medical Aid Society is set to increase contribution rates, as the claims-loss ratio continues to widen far above international levels.Group chairman Steve Kuipa in a 2012 annual report, said th...

By Business reporter | Published: 16 July 2013

ZSE TODAY

Industrials rises for the 5th straight session

Investors continued to buy into selected stocks on Tuesday with notable interest in counters BAT, Delta and Innscor helping the mainstream Industrials to rise for the 5th straight session while Minin...

By Business reporter | Published: 09 July 2013

MINING & RETAIL

Pelhams posts a $1,7m loss

PELHAMS Limited posted a $1,7 million loss for the year ended March 31, 2013 compared to a profit of $1,5 million for the same period last year due to liquidity challenges.In a statement accompanying...

By Business Reporter | Published: 09 July 2013

FINANCIAL SERVICES

CBZ wins Afreximbank award

CBZ Bank has been awarded the financial institutions award (gold category 2013) in recognition of its exceptional contribution to the work of the African Export Import Bank (Afreximbank).The award, e...

By Business Reporter | Published: 09 July 2013

BUSINESS NEWS

Zimbabwe re-admitted into African Trade Insurance Agency

Zimbabwe has been re-admitted into the African Trade Insurance Agency (ATI) in a development expected to increase foreign investor confidence.The re-admission of Zimbabwe into the continental trade an...

By Business reporter | Published: 09 July 2013

POLITICS

Mugabe wants 100% resource ownership

Zanu-PF's thrust is to ensure Zimbabweans assume 100 percent control of the country's natural resources and bring about sustainable national development which is home grown, the party's First Secretar...

By Staff reporter | Published: 08 July 2013

POLITICS

Tsvangirai says no chance of fair vote

Prime Minister Morgan Tsvangirai, launching his third campaign to unseat veteran President Robert Mugabe, said nothing had been achieved to ensure a fairer vote but even God now wanted Mugabe to go.T...

By Reuters | Published: 08 July 2013

BUSINESS NEWS

Zimbabwe pays back IMF debts

ZIMBABWE has agreed to make monthly and quarterly payments to three international financial institutions as it begins a journey to resolve its US$10,7 billion external debt.The commitment is containe...

By Business reporter | Published: 08 July 2013

ZIMBABWE

Zimbabwe vulnerable to external shocks, says WB

ZIMBABWE'S international reserves are low at less than a month of import cover, far below the benchmark required for dollarised economies, leaving the country susceptible to external shocks, a World ...

By Business reporter | Published: 08 July 2013

ZSE TODAY

Industrials continues to recover as Minings remains weak

Industrials continued to recover on Monday buoyed by gains in blue chips Econet and Innscor while Minings weakened further on losses in Hwange.The Industrials Index gained 1.12 points or 0.52% to 216....

By Business reporter | Published: 08 July 2013

BUSINESS NEWS

RBZ restructuring set for September

THE government is set to restructure the Reserve Bank of Zimbabwe (RBZ)'s balance sheet by end of September as part of plans to improve the stability of the financial sector.In a letter of intent co-...

By Business reporter | Published: 08 July 2013

ZIMBABWE

SA fuel hikes to affect Zimbabwe

Zimbabwean import costs from South Africa (SA) - its biggest trading partner - are expected to sharply increase, as a result of incessant fuel price hikes in that country, economic analysts say.Eric ...

By Business reporter | Published: 08 July 2013

INDUSTRIALS & ENERGY

Dunlop Zimbabwe introduces new range of tyres

DUNLOP Zimbabwe has introduced a new brand of tyres from Netherlands amid revelations that Apollo Vredenstein which owns a majority stake in the company has purchased six new presses for the producti...

By Business reporter | Published: 08 July 2013

Latest News

Latest Published Reports

Latest jobs