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SOCCER

Rooney would fit well with Barcelona, says Pique

Barcelona defender Gerard Pique is convinced former Manchester United team-mate Wayne Rooney would be a great fit for the Catalan giants, were he to leave Old Trafford this summer.Speculation surroun...

By goal.com | Published: 04 July 2013

AFRICA

SA Rand set for more weakness

South African government bonds retreated further on Thursday while the rand drifted near the previous session's four-day lows against the dollar, with pressure on riskier assets likely to persist ahe...

By Reuters | Published: 08 July 2013

OPINION

Zimbabwe's atrocious consumer rights

Queuing seems to be a national pass time, while getting anything done on time and right the first time is inconcievable.From studying the MDC's Agenda for Real Transformation (ART), I was quite surpr...

By Vince Musewe | Published: 04 July 2013

MARKET INDICATORS

Gold climbs for second day on safe-haven buying

Singapore-Gold edged higher for a second session on Thursday as worries over Europe and Egypt prompted safe-haven buying, but the mood remained cautious ahead of U.S. jobs data that could determine t...

By Reuters | Published: 04 July 2013

PEOPLE MOVES

Government blocks Hwange MD appointment

Hwange Colliery Company is back on the job market to recruit a managing director after government turned down the choice of Godfrey Dzinomwa to lead the ailing coal producer following extensive inte...

By Business reporter | Published: 10 July 2013

TELECOMS & TECHNOLOGY

TelOne seeks $30 million

TelOne requires $30 million to kick-start projects to upgrade its infrastructure and finish the fibre optic cable installations in the country, TelOne managing director Chipo Mutasa has said adding t...

By Business reporter | Published: 04 July 2013

BUSINESS NEWS

Investment Authority approves projects worth US$134m

The Zimbabwe Investment Authority has approved projects worth US$134 million in the first five months of this year with the bulk coming from China with over US$100 million.According to ZIA, the proj...

By Business reporter | Published: 04 July 2013

INDUSTRIALS & ENERGY

Delta invests US$3m into sorghum production

Beverage manufacturer Delta Corporation will provide communal and commercial farmers with US$3 million to produce 12 000 tonnes of sorghum under contract in the 2013/14 cropping season, an official s...

By Business reporter | Published: 04 July 2013

INDUSTRIALS & ENERGY

Steelnet calls for meeting with creditors

Steelnet (Private) Limited members and creditors will hold their first meeting at the High Court of Zimbabwe on Wednesday next week.According to a statement by the company, which is now under liquida...

By Business Reporters | Published: 04 July 2013

AFRICA BUSINESS

SA Express Airlines to increase Zimbabwe flights frequency

South Africa Express Airlines, which launched its Harare-Durban route in November last year, yesterday said it would increase its frequency on the route to four flights per week next month owing to ...

By Staff reporter | Published: 04 July 2013

INDUSTRIALS & ENERGY

CFI sells major Victoria Foods stake

Fast-moving consumer goods giant, CFI Holdings, is selling 49% of its shareholding in Victoria Foods to South Africa's JSE-listed Grindrod Trading Limited for $3,2 million, as international corporati...

By Business reporter | Published: 03 July 2013

EUROPE

Portugal political crisis deepens

Two more Portuguese ministers from the junior ruling coalition party were ready to resign on Wednesday, local media said, deepening turmoil that could trigger a snap election and derail Lisbon's exit ...

By Reuters | Published: 03 July 2013

INDUSTRIALS & ENERGY

OK increase shares in issue to 1 138 856 654

Details:- Shares before: 1 130 834 414- Shares added: 8 022 240- New shares in issue: 1 138 856 654- Effective date: 02 July 2013- Reason: Employee Share Option Scheme ...

By Business reporter | Published: 03 July 2013

INDUSTRIALS & ENERGY

Delta increase shares in issue to 1 231 374 515

Details:- Shares before: 1 227 362 815- Shares added: 4 011 700- New shares in issue: 1 231 374 515- Effective date: 02 July 2013- Reason: Employee Share Option Scheme ...

By Business reporter | Published: 03 July 2013

ZSE TODAY

ZSE Industrials snaps 10-day losing streak

A recovery in the heavily capitalised counters Delta, Innscor and OK Zimbabwe largely helped the Industrials to snap a 10-day losing streak while Minings stayed in the red on losses in Hwange.The Ind...

By Business reporter | Published: 03 July 2013

EUROPE

Strong passenger growth trend continues

The International Air Transport Association (IATA) announced global passenger traffic results for May showing that air travel continued to expand at a healthy rate. Growth was led by emerging markets...

By Business reporter | Published: 03 July 2013

FINANCIAL SERVICES

TN Bank re-brandings to 'purple' Steward Bank

Econet Wireless Limited has change the name of its banking subsidiary, TN Bank Limited, to Steward Bank Limited, sealing the transformation of the commercial bank expected to capitalise on Econet's g...

By Business reporter | Published: 03 July 2013

AFRICA NEWS

Morsi refuses to quit amid new bloodshed

Cairo - Egypt's President Mohamed Morsi vowed he would not quit despite mass protests demanding his resignation and an army ultimatum as fresh deadly violence rocked capital Cairo.In a televised addre...

By AFP | Published: 03 July 2013

INDUSTRIALS & ENERGY

European investor for Olivine industries

AICO Africa Limited has secured a European investor who will invest $20 million into one of it's subsidiaries Olivine Industries, a source has revealed.A source said representatives of the new invest...

By Business reporter | Published: 03 July 2013

BUSINESS NEWS

SECZ licences more investment advisers

More companies have been licensed to offer services as securities investment advisers, Securities Commission of Zimbabwe chief executive officer Tafadzwa Chinamo has said adding SECZ has licensed 20 ...

By Business reporter | Published: 03 July 2013

ZIMBABWE

Wold Bank upbeat on Zimbabwean economy

The Zimbabwean economy, which has registered a 25.2% growth since 2009, wields great potential for sustained growth and poverty reduction, the World Bank has said. The multilateral lender said this i...

By Business reporter | Published: 03 July 2013

AMERICAS

Fed to force banks to follow tougher capital rules

The Federal Reserve warned US banks to expect a new raft of regulations on top of the Basel III capital regime it implemented on Tuesday. At a board meeting in Washington, Fed officials led by chairma...

By FT | Published: 03 July 2013

EUROPE

Greece has three days to deliver or face consequences

Greece has three days to reassure Europe and the IMF that it can deliver on conditions attached to its bailout in order to receive its next tranche of aid, four euro zone officials said on Tuesday. Th...

By Reuters | Published: 03 July 2013

AMERICAS

US carmakers rise but US indices fall

Shares in US carmaker General Motors rose in early trading after June sales came in well above expectations but closed nearly unchaged as the S&P 500 closed flat due to an afternoon sell off. GM a...

By FT | Published: 03 July 2013

BUSINESS NEWS

Econet withdraws NetOne lawsuit

Econet wireless has withdrawn its $12 million lawsuit against its competitor NetOne as two parties were in discussions for an out-of court settlement. THE country's largest mobile phone operator Eco...

By Business reporter | Published: 03 July 2013

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