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ZIMBABWE

Zimstat: SA continues to be Zim's main trading partner

Zimbabwe's trade with South Africa reached US$5,8  billion in 2012 although the neighbouring nation enjoyed a trade surplus.Official data from the Zimbabwe National Statistics Agency (Zimstat) ...

By Staff Reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials rebounds on gains in Econet

Industrials rebounded on Thursday largely on gains in telecoms counter Econet as most heavyweights traded unchanged in a session where only 3 counters managed losses.Daily market turnover improved to...

By Business reporter | Published: 10 June 2013

TECHNOLOGY

Emirates introduces online payment solutions to its Zim clients

In an effort to offer more advanced online services to its customers in Zimbabwe, Emirates has introduced a new payment solution that will enable travellers to pay for their flights on www.emirate...

By Moyo Roy | Published: 10 June 2013

POLITICS

Zim 'Mines and Minerals Act is criminal' says Mutambara

Deputy Prime Minister, Professor  Arthur Mutambara on Wednesday said there was a need to amend the mining laws, among other things, if Zimbabweans were to benefit from its numerous resources.DPM...

By Staff Reporter | Published: 10 June 2013

ZIMBABWE

Tobacco marketing season officially opens, dominated by new farmers

The 2013 tobacco marketing selling season opened on Wednesday with beneficiaries of President Robert Mugabe's land reform programme forming the majority of those who brought their bundles to be ...

By Staff reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials falters as blue chips Delta, Innscor continue to trade lower

ZSE's Industrials faltered on Wednesday as heavyweights Delta and Innscor continued to trade lower and again managed to cancel out gains in Econet.The Industrials Index dropped 0.29 points or 0.16% ...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

NMBZ secures $16 million from offshore, to raise $50 million

NMB has secured $16 million new capital from foreign investors which will help the bank raise more lines of credit for deploying in areas such as mining and agriculture, group CEO James Mushore told...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Platinum producers told to start refining locally as govt plans to ban raw exports

THE government told platinum producers on Tuesday to start refining the metal locally within two years, placing a further requirement on an industry already forced to surrender majority shares to lo...

By Reuters | Published: 10 June 2013

ZIMBABWE

Mealie-meal prices go up

GRAIN millers around the country are facing difficulties sourcing grain locally and this has triggered an increase in mealie-meal prices, Grain Millers Association of Zimbabwe chairperson Mr Tafadzw...

By Staff Reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials trips again as profit taking extends to mid-cap stocks

ZSE shares dwindled on Tuesday as investors continued to cash-in on gains made in heavily capitalised counters and mid-cap counters which have had a fairly good performance since January.The Industr...

By Business reporter | Published: 10 June 2013

PEOPLE MOVES

Econet appoints Ngwenya as new TN Bank CEO

Econet Wireless has appointed Mr Kwanele Ngwenya, a South African who was heading the operations of First National Bank (FNB) in Botswana, as the new CEO of TN Bank.Mr Ngwenya, a veteran banker, w...

By Business reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Afdis reports a strong operating performance

Afdis reported a strong operating performance showing a 22% growth in sales volumes to 3.2m litres. Local production increased by 21% to 1.7 million litres and accounted for 62.9% of total revenue. ...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet attacks CABS

ECONET Wireless Zimbabwe has launched a scathing attack on CABS accusing the building society of campaigning against its mobile phone money transfer service, EcoCash, because it offers a similar pro...

By Business Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zimbabwe debt balloons to US$188 million

Air Zimbabwe's debt has ballooned to US$188 million, further dampening hopes of securing a strategic partner to help the airline resume full operations.The national airline's debt has accumulated to...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

RBZ blames foreign cash hoarding for currency woes

The central bank says it is enforcing tougher rules to rein in "the delinquent behaviour" of businesses holding cash abroad.The Reserve Bank said Monday that $360 million in export proceeds were bei...

By AP | Published: 10 June 2013

TRANSPORT & TOURISM

Emirates skywards members soar with Platinum tier

Emirates Skywards, the award-winning frequent flyer programme of Emirates Airline, today announced a significant enhancement to its offering with the introduction of ‘Platinum', a new tier which s...

By Mafu Sithabile | Published: 10 June 2013

FINANCIAL SERVICES

EcoCash open to every bank in Zimbabwe

A senior Econet Wireless executive, Mr Darlington Mandivenga, who is responsible for the rollout of EcoCash, has dismissed a claim reportedly made by Bankers Association of Zimbabwe's immediate past...

By Ndou Paul | Published: 10 June 2013

ZSE TODAY

ZSE:- Delta, Innscor weigh on Industrials at week's opening

Heavyweights Delta and Innscor led the Industrials lower at week's opening largely on profit taking after a strong start to the New Year.The Industrials Index dropped 0.87 points or 0.47% to 183.11 ...

By Business reporter | Published: 10 June 2013

TRANSPORT & TOURISM

DHL workers panic

Workers of express logistics firm DHL Zimbabwe have expressed concern over the future of the company following the transfer of shareholding to four local individuals.The employees are unsure of the...

By Staff Reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials halts 2-day slide to post marginal rebound

ZSE's Industrials halted a 2-day slide to post a modest rebound at week's end after mixed gains across the board cancelled out losses in blue chips Innscor and OK Zimbabwe.The Industrials looked fir...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Obert Mpofu's ZABG rebrands to Allied Bank

ZABG has commenced its rebranding process from its old name to the new brand, Allied Bank. The rebranding to Allied Bank is part of the overall plan to turn around the fortunes of the financial inst...

By Business Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Air Zim rolls out ambitious plan, to take delivery of 2 new planes

ZIMBABWE's troubled state-run airline, Air Zimbabwe has rolled out an ambitious plan as it seeks to revive its fortunes following years of maladministration that at one time grounded the airline's a...

By Staff reporter | Published: 10 June 2013

CONSTRUCTION & PROPERTY

PPC Zimbabwe celebrates its centenary and announces expansion plans

Portland Holdings Limited (PHL), PPC's Zimbabwe subsidiary, has announced its intention to construct a new cement plant to service the Harare and central Mozambique markets. The new plant will have ...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE:- Industrials slides again as profit taking weighs off recent gains

Industrials slid again on Thursday as investors continued to recoup profits in selected counters that recorded significant gains over the past 5 weeks.The Minings Index however rebounded 0.89 points...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Kingdom voluntarily surrenders stockbroking licence

KINGDOM Stockbrokers is said to have voluntarily surrendered its licence citing viability concerns emanating from low volumes of business.Kingdom Stockbrokers did not attend ZSE trading today and on...

By Business reporter | Published: 10 June 2013

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