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MINING & RETAIL

Mine workers' wives strike, demands their husband's bonuses

CLOSE to 800 disgruntled wives of RioZim's Renco Mine workers in Masvingo on Monday brought operations to a halt when they took to the streets demanding their husbands' annual bonuses and better wor...

By Masvingo Correspondent | Published: 10 June 2013

ECONOMC INDICATORS

Zimbabwe's trade deficit reaches $3.6 billion

Zimbabwe's trade deficit in the year to December amounted to $3.6 billion after imports of $7.48 billion and exports of $3.88 billion, the Zimbabwe Statistical Office (Zimstats) has said.The trade d...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE Market Report:- Blue chips bolster Industrials' 9th consecutive day uptrend

ZSE's heavily capitalised counters continued to attract investors on Tuesday bolstering Industrials' upward trend for the past 9 days while Mining remained flat.The Industrials Index extended gains ...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

KFC eager to expand into Zimbabwe

AN international fast foods giant, Yum Brands, plans to reopen its branches in Zimbabwe as part of a programme to roll out KFC restaurants in Zimbabwe, Tanzania and Uganda this year, the company sa...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

EcoCash creates 5 000 jobs

Econet Wireless Zimbabwe says it has invested over US$50 million in its mobile phone based money transfer service, EcoCash, creating more than 5 000 jobs. The mobile telecommunications company said...

By Business Reporter | Published: 10 June 2013

POLITICS

Fawcett Security gets ultimatum to comply with indigenisation

One of the country's leading security firms, Fawcett Security (Pvt) Limited, risks having its operations suspended over the company's failure to submit an acceptable indigenisation compliance plan, ...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE Market Report:- Industrials stays green at week's opening

ZSE's Industrials continued its uptrend from the previous week with the mainstream index managing a modest 0.06% gain on Monday whilst the extractive sector closed unchanged.The Industrials Index ad...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet, TN Bank partnership to allow customers buy smartphones

Econet customers will soon be able to buy the latest generation phones, known as smartphones, and tablets such as i-Pads on 24 month instalments following the creation of a special credit facility ...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet reaches 8 million subscribers

The festive season once again saw a bumper rise in Econet subscribers with the company reporting that it has crossed the 8-million level for the first time, supported by the recent introduction of B...

By Business reporter | Published: 10 June 2013

OPINION

ZSE Market Report: A good start for Zimbabwe markets as well

The ZSE Industrials gained 3.3% to close the week at 156.4 on the back of gains in Barclays (+19.2%), OK Zimbabwe (+9.9%), and Innscor Africa (+6.3%).  The top traders by value were Delta ($2.7...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Banks next in line to comply with indigenisation laws

Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere is mounting pressure on foreign-owned banks to comply with the empowerment laws as no company will be spared from the in...

By Staff reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Innscor gets indigenisation ultimatum

Government has given Innscor Africa a seven-day ultimatum to submit a comprehensive indigenisation implementation plan after authorities adjudged that the group of companies was taking long to compl...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

100 SMEs evicted in Bulawayo

AT least 100 Small to Medium Enterprise (SMEs) entrepreneurs were yesterday evicted from a privately-owned building, which they were renting in Bulawayo, over a long-standing dispute between the ten...

By Business Reporter | Published: 10 June 2013

POLITICS

'MDC-T misleading investors,' says Kasukuwere

EMPOWERMENT Minister Saviour Kasukuwere has accused the MDC-T of engaging in cheap politics over the country's indigenisation programme and ruled out changes to the policy which has divided the coa...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Govt should acknowledge the capability of women in reviving economy

Business women say government should acknowledge the capability of women in reviving the country's economy.The business women made the call at the Harare International Airport this Friday where the ...

By Staff Reporter | Published: 10 June 2013

OPINION

Zimbabwe the investment place to be - Biti

London - Zimbabwe's Minister of Finance Tendai Biti has told investors in London, United Kingdom that Zimbabwe is putting it's house in order and is now a safe and lucrative place place to come and ...

By Thamsanqa Zhou | Published: 10 June 2013

ZSE TODAY

ZSE Market Report:- Volumes soar as blue chips rally

ZSE's Industrials Index jumped 2.23% at week's ending after a sustained rally in heavily capitalised stocks while volumes improved with the total market turnover rising to its best level so far this...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Imara Edwards probed for possible share price manipulation

SECURITIES Commission of Zimbabwe (SECz) has opened a formal inquiry into possible share price manipulation by Imara Edwards (Imara) following a share price rally between October 2, 2012 and Novemb...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet lashes out at banks on mobile money

ECONET Wireless Zimbabwe (Econet) has lashed out at banks for proposing amendments to government's banking reforms to include mobile money service providers, saying it was a selfish attempt by a cl...

By Business reporter | Published: 10 June 2013

ZIMBABWE

'Zimbabwe is one of the least free economies'

A LEADING American think-tank has ranked Zimbabwe as one of the least "free economies" in the world due to the perceived political instability and policy volatility that has marked the lifespan of ...

By Business reporter | Published: 10 June 2013

MINING & RETAIL

Implats finally gives up 51% of Zimplats

IMPALA Platinum Limited is expected to sign the terms of the sale of a majority shareholding in its local unit, Zimbabwe Platinum Mines, today, a Cabinet minister has announced. Youth Development, I...

By Business reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Three local airlines get operating licences

THE Government has issued operating licences to three local companies that are expected to fly before the end of the  year.In an interview yesterday, Permanent Secretary in the Ministry of Tran...

By Staff reporter | Published: 10 June 2013

ZSE TODAY

ZSE Market Report:- Shares extend rally led by heavyweights

Heavyweight counters continued to rally on Thursday driven by growing foreign investor's interest in the ZSE's heavily capitalised counters.The Industrials Index recorded their biggest one-session r...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Cafca reports a 25% rise in turnover

Turnover for the twelve months was 25% up on the corresponding nine month period resulting in an operating profit of $2.382 million which was 19% greater than the nine month period reflecting a sta...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Banks are ready to lower lending rates

ZIMBABWEAN banks are prepared to lower lending rates and bank charges but are unlikely to meet recommendations by fiscal  and monetary authorities. Banking sources said while no agreement had y...

By Staff Reporter | Published: 10 June 2013

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