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ZSE TODAY

ZSE Market report:- Blue chips rally buoys Industrials in mid week trades

Investors continued to pile into ZSEs heavily capitalised counters on Wednesday giving the Industrials their biggest one-session rise since December 28.The Industrials Index added 1.66 points or 1....

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Welshman Ncube, Biti to grace the ZimInvest London 2013 fair

THE Minister of Industry and Commerce Welshman Ncube and his Finance counterpart Tendai Biti will on Friday address business executives in London where they will pitch Zimbabwe as a safe investment ...

By Staff reporter | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe investment approvals falls

ZIMBABWE'S investment approvals fell to US$930 million last year, from US$6,6 billion a year earlier, which analysts say is "illustrative of an abysmal" investment climate. The Zimbabwe InvestmentAu...

By Business Reporter | Published: 10 June 2013

BUSINESS NEWS

Beitbridge chaos hits Zimbabwe business

THE business community has expressed concern over the situation at Beitbridge border post, saying the long queues at the busiest inland port in Southern Africa had seriously affected the flow of bu...

By Business reporter | Published: 10 June 2013

ZSE TODAY

ZSE Market Report:- Shares continue to rise on renewed interest in blue chips

ZSE shares continued to rise on Tuesday amid renewed foreign interest on the market's heavily capitalised counters.The Industrials Index added 0.19 points or 0.12% to 15229 while the Minings Index a...

By Business reporter | Published: 10 June 2013

PEOPLE MOVES

Anglo American appoints Mark Cutifani as CEO

Anglo American has appointed of Mark Cutifani as Chief Executive, with effect from 3 April 2013.Mark Cutifani has been Chief Executive Officer of AngloGold Ashanti Limited, the South Africa-based g...

By Business reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Econet plans to acquire the entire shareholding in TN Bank

ECONET Wireless Zimbabwe is proceeding with its plans to acquire the entire shareholdings in TN Bank through a share swap deal, the company said yesterday. Econet, which currently holds 45 percentsh...

By Business Reporter | Published: 10 June 2013

ZSE TODAY

ZSE market report:- Innscor, SeedCo lifts Industrials as turnover dips

Gains in Innscor and SeedCo helped the Industrials manage gains for the third time this year as total market turnover dropped to its lowest level so far in 2013 at $194 610.The Industrials Index ad...

By Business reporter | Published: 10 June 2013

BUSINESS NEWS

Zimbabwe banks asked to cap lending rates

Banks in Zimbabwe have been asked to curb lending rates as the government pressures the financial services industry to aid economic recovery.A draft agreement between 23 banks and the Reserve Bank ...

By Bloomberg | Published: 10 June 2013

BUSINESS NEWS

Work related deaths continue to rise

The National Social Security Authority ( NSSA) says accidents at the workplace continue to rise, with the year 2012 recording 103 deaths in a period which also saw 5000 cases of serious injuries. Ac...

By Staff Reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

Powerspeed building its business around retailing, says MD

Powerspeed has been building its business around retailing, through the Electrosales brand, as the operating environment has been difficult for manufacturing, MD Hilton Macklin told an analyst brie...

By Staff Reporter | Published: 10 June 2013

INDUSTRIALS & ENERGY

Zesa prepaid meter project slow

ZESA Holdings has installed 55 000 prepaid meters in domestic premises countrywide since August last year as it snails towards covering all its 600 000 customers in the next five months. The power u...

By Staff Reporter | Published: 10 June 2013

BUSINESS NEWS

Airlines continue to scramble for Zim route

Regional and international airlines continue to scramble for the Zimbabwean route ahead of the forthcoming United Nations World Tourism Organisation (UNWTO) General Assembly.An international airlin...

By Staff Reporter | Published: 10 June 2013

TELECOMS & TECHNOLOGY

EcoCash transferring nearly $100 million monthly to rural areas

AT least $100 million monthly is being transferred from the country's urban centres to rural areas through Econet Wireless mobile money transfer EcoCash resulting in a significant impact on the rura...

By Staff Reporter | Published: 10 June 2013

TRANSPORT & TOURISM

Emirates Upgrades Lusaka and Harare Service

Airline to increase capacity by 50% with larger aircraftHARARE - Emirates, one of the world's fastest growing international airlines, will add more than 1,600 seats a week on its Lusaka and Harare ...

By Bhebhe Mandla | Published: 10 June 2013

INDUSTRIALS & ENERGY

Zesa tariff increase approved

ZESA Holdings has won a minute 0,3 percent increase in average electricity tariffs with the Zimbabwe Energy Regulatory Authority approving an increase of US9,86c kilowatt per hour from US9,83c.Zesa ...

By Staff Reporter | Published: 10 June 2013

MINING & RETAIL

Zim's platinum output expected to reach 395 000 ounces

Zimbabwe's platinum output is this year expected to reach 395 000 ounces due to massive exploration of the commodity by mining companies.Despite the fluctuations in global prices for the white metal...

By Business reporter | Published: 10 June 2013

FINANCIAL SERVICES

Banks first deadline lapses

THE deadline for banks to raise $25 million of the new minimum capital requirements lapsed yesterday amid indications that a number of foreign and local banks had managed to raise the requisite fund...

By Business reporter | Published: 10 June 2013

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