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EDGR.zw | Unaudited Financial Results HY17

Financial Highlights:– Revenue $ 24 675 945– Gross profit $ 10 064 258– Profit before tax $ 874 163– Profit for the period $ 567 499– Dividend Nil– Total comprehensive income for the perio...

By EDGR | Published: 6 hours ago

ZIMBABWE

ZSE rally takes a breather

THE Zimbabwe Stock Exchange (ZSE's) bull run yesterday came to a halt after the mainstream Industrials Index shed 9,41 points or 2,35 percent to 390,62 levels on profit takings.Turnover for the day wa...

By Staff reporter | Published: 6 hours ago

JOBS

Vacancy Notice: Finance and Administration Positions

DESCRIPTION:  Oxfam is a global movement of people who won’t live with the injustice of poverty. Together we save and rebuild lives in disasters. We help people build better lives for themselve...

By OXFAM | Published: 6 hours ago

BUSINESS NEWS

POSB depositors surge to 600 000 in three years

THE People's Own Savings Bank (POSB) has survived the hard economic conditions in the country and its depositors have risen to 600 000 in the last three years.This was revealed by the bank's public re...

By Staff reporter | Published: 7 hours ago

INDUSTRIALS & ENERGY

Rubber products back on line, resumes exports

BULAWAYO-BASED manufacturing concern Rubber Products Manufacturers is back on line and has resumed exports after having shut down in 2013 due to a huge debt, shortage of working capital, among other c...

By Staff reporter | Published: 7 hours ago

CONSTRUCTION & PROPERTY

Masimba to construct houses in Kariba

Industrial firm Masimba has been given a $15 million contract by IDBZ to build over 1 500 houses in Kariba. At completion the project will facilitate relocation of 391 house-holds who are presently at...

By Staff reporter | Published: 7 hours ago

TRANSPORT & TOURISM

NRZ investors fret over delays

National Railways of Zimbabwe (NRZ) investors are fretting over endless delays in consummating the deal, especially after being announced as the preferred partner last month, it has been learnt. A con...

By Staff reporter | Published: 7 hours ago

TELECOMS & TECHNOLOGY

Blocked in Zim, Kwese TV launches in SA

ZIMBABWEAN telecoms tycoon Strive Masiyiwa's new pay television service, Kwese TV, has kick-started services in South Africa through a partnership with Netflix, it said on Friday as it seeks to claw u...

By Staff reporter | Published: 7 hours ago

BUSINESS NEWS

Hlanganani/Sangani expo exhibitors up 42%

THE number of exhibitors at this year's Sanganai/Hlanganani World Tourism Expo has increased  by 42 percent to 335 from 236 last year as more players seek to tap value from the tourism showcase.T...

By Staff reporter | Published: 7 hours ago

INDUSTRIALS & ENERGY

CFI secures $10m for rehab

CFI Holdings' divisions, Agrifoods and Victoria Foods, may soon resume production after judicial manager Mr Reggie Saruchera secured $10 million from a local bank for plant rehabilitation and working ...

By Staff reporter | Published: 7 hours ago

BUSINESS NEWS

Doves invests $2m in Beitbridge parlour

DOVES Holdings has invested $2 million in constructing a state-of-the-art funeral parlour in Beitbridge.The new facility houses a mortuary with a carrying capacity of 40 bodies, a chapel to accommodat...

By Staff reporter | Published: 7 hours ago

MINING & RETAIL

Gold output increases

ZIMBABWE'S gold production has risen by about 10 percent in the first eight months of the year to 14.6 tonnes from 13.4 tonnes in the comparable period in 2016, official figures show.The country's exp...

By Staff reporter | Published: 7 hours ago

BUSINESS NEWS

New SI for cargo in transit in force

THE Government has promulgated Statutory Instrument 113 of 2017, which brings about changes to improve the management of transit cargo.The amendments follow the recent introduction by the Zimbabwe Rev...

By Staff reporter | Published: 7 hours ago

LANDS & AGRICULTURE

GMB ordered to pay farmers

The Government has directed the Grain Marketing Board (GMB) to immediately activate satellite collection points to mop up the remaining grain as the Strategic Grain Reserve has hit a million tonnes.Th...

By Staff reporter | Published: 7 hours ago

LANDS & AGRICULTURE

Grain reserves hit one million tonnes

Government has directed the Grain Marketing Board (GMB) to immediately activate satellite collection points to mop up the remaining grain as the Strategic Grain Reserve has hit a million tonnes.GMB ha...

By Staff reporter | Published: 7 hours ago

LANDS & AGRICULTURE

ZFMA wants ban on finished fertilizer imports

The Zimbabwe Fertiliser Manufacturers Association says Government should ban finished fertilizer imports as manufacturers can produce enough to meet demand if fully supported.ZFMA president Mr Tapuwa ...

By Staff reporter | Published: 23 hours ago

MINING & RETAIL

RHA Tungsten mine gets estimates upgrade

Zimbabwe's RHA Tungsten Project, under development, near Bulawayo has received has had its underground mineral resource estimates upgraded.The RHA Tungsten mine is 49 percent owned by junior resources...

By Staff reporter | Published: 23 hours ago

ZIMBABWE

Equities' bullish run stopped

The Zimbabwe Stock Exchange's mainstream Industrial Index retreated 9.41 points to end at 390.62 as beverages giant Delta was down $0, 2571 to close at $2, 7000, while conglomerate Innscor shed $0, 02...

By Staff reporter | Published: 23 hours ago

ZSE TODAY

Market Commentary 18 September 2017

INDUSTRIALSThe Industrial Index retreated 9.41 points (2.35%) to end at 390.62 points. DELTA (DLTA.zw)  was down $0.2571 to close at $2.7000, INNSCOR (INN.zw) shed $0.0248 to $1.5020 while MEIKL...

By zse | Published: 23 hours ago

BUSINESS NEWS

IDBZ avails $700k for construction of Hwange plant

THE Infrastructure Development Bank of Zimbabwe has availed about $700 000 for the construction of Hwange's Mpumalanga waste water treatment plant.Speaking during an Environmental Management Agency (E...

By Staff reporter | Published: 18 September 2017

MINING & RETAIL

Refinery project still a priority in Zim, says Zimplats

Platinum mining giant, Zimplats' $134 million SMC Base Metal Refinery (BMR) refurbishments project remains a priority for the group but continued cash flow constrains arising from depressed metal pric...

By Staff reporter | Published: 18 September 2017

INDUSTRIALS & ENERGY

IDC seeks investor for Zimglass revival

INDUSTRIAL Development Corporation's glass manufacturing firm, Zimglass has started aggressively looking for an investor who can inject $7 million towards the revival of the plant after earlier indica...

By Staff reporter | Published: 18 September 2017

AFRICA NEWS

SA starts processing permits for Zimbabweans

SOUTH Africa has started accepting new applications for permits that would allow Zimbabweans to stay in the neighbouring country for the next four years.The Zimbabwean Exemption Permit (ZEP) replaces ...

By Staff reporter | Published: 18 September 2017

BUSINESS NEWS

'Signs of a collapsed economy vivid in Zimbabwe'

The 2018 presidential aspirant Dr Nkosana Moyo has said the signs of a collapsed economic situation in Zimbabwe are so vividly that people have to wish for a better government to save their lives.Zimb...

By Staff reporter | Published: 18 September 2017

TRANSPORT & TOURISM

New Beitbridge hotel set to boost tourism

A NEWLY built hotel in Beitbridge worth thousands of dollars is set to boost tourism and economic development in the border town as well as create 50 new jobs.The 30-roomed Zhove Leisure Park situated...

By Staff reporter | Published: 18 September 2017
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