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SOCCER

Warriors slump 13 places down FIFA rankings

Zimbabwe's failure to qualify for the World Cup that ended with a defeat to Guinea has cost them 13 places on the FIFA world rankings.The Warriors have slumped to number 114 - their second worst rank...

By Sports reporter | Published: 05 July 2013

SOCCER

Musona back at Kaizer Chiefs

Kaizer Chiefs have confirmed that the club have re-signed Knowledge Musona from Hoffenheim on a one-year loan.Speaking to the club's official website, Musona said: "There's nothing much to say - Kaiz...

By Sports reporter | Published: 05 July 2013

SOCCER

Zanu-PF candidate to assist Highlanders Football Club

LONG-time Highlanders benefactor Tshinga Dube has pledged to assist the club to acquire new players during the current Premier Soccer League transfer window.The league leaders face off against Caps U...

By Sports reporter | Published: 05 July 2013

ZSE TODAY

Industrials ends the week in positive territory on thin volumes

Industrials ended the first week of the second half of the year in the positive territory as heavyweights continued to recover albeit in thin volumes.The Industrials Index gained 1.62 points or 0.76%...

By Business reporter | Published: 05 July 2013

ZIMBABWE

Zimbabwe to go it alone on diamonds mining

Government is mulling going it alone on Diamond mining and production as it says the country is well-equipped to start diamond mining operations through local consortia without foreign partnership t...

By Business reporter | Published: 10 July 2013

ZIMBABWE

Investors take a back seat on ZSE

THE value of shares traded on the Zimbabwe Stock Exchange in June (2013) plunged 35 percent to US$25,6 million compared to shares traded the prior month.Analysts contend investors have started taking...

By Business reporter | Published: 05 July 2013

POLITICS

Zimbabwe shuts door on SA asset seizure

The government has taken swift action to block the seizure of its assets in South Africa under various court rulings by conferring diplomatic immunity. It has conferred diplomatic immunity on three Ca...

By Staff reporter | Published: 05 July 2013

ZIMBABWE

Biti set to demonetise Zim dollar

Finance minister Tendai Biti is on the verge of gazetting a statutory instrument which will, among other things, seek to demonetise (to withdraw a currency from further use) the Zimbabwe dollar. Sour...

By Staff reporter | Published: 05 July 2013

BUSINESS NEWS

Govt considering listing ZMDC

Government is mulling listing its interest housed under state mining vehicle Zimbabwe Mining Development Corporation on the ZSE as part of a broad-based empowerment initiative expected to see shareh...

By Staff reporter | Published: 05 July 2013

TRANSPORT & TOURISM

Air Zimbabwe fares raise viability questions

Air Zimbabwe recently slashed fares for its regional and domestic routes, raising questions about the viability of the move at a time when the airline is struggling to avoid collapse. The current pri...

By Business reporter | Published: 05 July 2013

INDUSTRIALS & ENERGY

Delta's investment pays off

Delta Beverages investment of over $6.5 million in its Chitungwiza-based Chibuku Super plant has paid off, the units general manager Mark Mudimbu has said. "The investment has paid off because of th...

By Business reporter | Published: 10 July 2013

FINANCIAL SERVICES

Strike looms at NMB Bank

NMB Bank says an impending industrial action by its non-managerial workers is unprocedural. "The intended job action is illegal and unnecessary. I don't believe our staff will embark on the collecti...

By Business reporter | Published: 10 July 2013

BUSINESS NEWS

Curtain comes down on tobacco season

The 2013 tobacco marketing season for flue-cured tobacco ends today with the country on course to meet the projected 170 million kilogrammes (kg) of tobacco. Figures availed by the Tobacco Industry ...

By Business reporter | Published: 10 July 2013

ZIMBABWE

'Investment projects implementation low,' says AfDB

The African Development Bank says project implementation of investment projects since 2008 has been a paltry 6.9%. During 2008-2011, actual investments in the country amounted to $709.5 million out ...

By Business reporter | Published: 10 July 2013

BUSINESS NEWS

Government to reduce outstanding arrears

Government plans to reduce its outstanding arrears towards parastatals as well as complete the validation process between line ministries and service providers as part of reforms under the Internation...

By Business reporter | Published: 05 July 2013

ECONOMC INDICATORS

Zimbabwe's trade deficit widens

Zimbabwe's trade deficit for the four months to April widened to $1.6 billion after the country imported goods worth $2.62 billion against exports of $1.02 billion. According to statistics released by...

By Business reporter | Published: 05 July 2013

CONSTRUCTION & PROPERTY

Sino-Zim facelift to boost cement output

Cement manufacturer Sino-Zimbabwe Cement Company has commenced the first phase of upgrading and refurbishing its Gweru factory. According to the company, this phase, which is being undertaken on the ...

By Business reporter | Published: 05 July 2013

BUSINESS NEWS

Airlines in rush to clinch Zimbabwe licence deals

ZIMBABWE is lining up new airline deals amid revelations that scores of airlines are rushing to get licences from the Civil Aviation Authority of Zimbabwe to fly into the country.In a recent intervie...

By Business reporter | Published: 05 July 2013

MINING & RETAIL

Falcon Gold asked to release unused gold mining claims

MINING lobby group, the Zimbabwe Indigenous Miners Empowerment Association, has requested Government to order Falcon Gold Zimbabwe to release its unused gold mining claims to them.In a letter to Mine...

By Business reporter | Published: 05 July 2013

INDUSTRIALS & ENERGY

Bata Shoe Company adjusts working calendar

GIANT shoe company, Bata, has adjusted its working calendar by splitting the annual shutdown into two phases as a way of mitigating the challenges posed by the prevailing economic environment. In an ...

By Staff reporter | Published: 05 July 2013

ZSE TODAY

Industrials rises again but volumes remain depressed

ZSE's Industrials managed gains for the second consecutive day amid notable buying in selected counters but overall volumes remained low.The Industrials Index gained 2.27 or 1.07% to 213.47 points o...

By Business reporter | Published: 05 July 2013

OPINION

Taxation of Directors fees

DID you know that in terms of the 13thSchedule and 33rdSchedule of the Income Tax Act, director's fees are taxable as employment income or business income depending on the relationship between the pa...

By Zimra | Published: 04 July 2013

FINANCIAL SERVICES

Barclays to maintain a cautious lending regime

BARCLAYS Bank (Zimbabwe) has reiterated that it would maintain its cautious lending regime, as default rates in the sector continued to increase.Giving a trade update as the bank's Annual General mee...

By Staff reporter | Published: 04 July 2013

LANDS & AGRICULTURE

CFI finds global suitor for Suncrest

AGRO-INDUSTRIAL conglomerate, CFI Holdings Limited, is on the verge of concluding a deal for the purchase of a 50 percent shareholding in poultry producer Suncrest by Meat Team, a global meat compan...

By Staff reporter | Published: 04 July 2013

SOCCER

Ryan Giggs names as Manchester United player coach

 Manchester United have named Ryan Giggs as player-coach with Phil Neville set to become their new first-team coach.Giggs, who is 40 in November, and ex-United player Neville, 36, are the latest...

By BBC | Published: 04 July 2013

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