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Rio Tinto defends Zimbabwe diamond sale

Rio Tinto defended its decision to sell a 78% stake in Murowa Diamonds and Sengwa Colliery to RZ Murowa Holdings - a transaction that has been criticised by the Zimbabwean government amid possible dea...Read more

Rio Tinto defends Zimbabwe diamond sale

25 May 2016 | 1108 Views
Rio Tinto defended its decision to sell a 78% stake in Murowa Diamonds and Sengwa Colliery to RZ Murowa Holdings - a transaction that has been criticised by the Zimbabwean government amid possible dea...

by miningmx

Cimas launches health and wellness plan

24 May 2016 | 1111 Views
Cimas Medical Aid Society this (Tuesday) evening launched a health and wellness plan, dubbed iGo, that its members on its Private Hospital and MedExec packages can subscribe to. The plan encou...

by Agencies

POSB launches youth account

24 May 2016 | 1416 Views
POSB has launched a Youth Account that does not attract bank charges targeting youths between the ages 16 to 24.The bank's management said the Youth Account is aimed at promoting banking among...

by Nqobile Tshili

Govt waives indigenisation on Air Zimbabwe

23 May 2016 | 2723 Views
VICTORIA FALLS - Government has waived its controversial indigenisation policy to pave way for the recapitalisation of troubled national airline, Air Zimbabwe.Enacted in 2008, indigenisati...

by Staff reporter

NetOne manages to set up 652 base stations across the country

23 May 2016 | 1925 Views
The government owned mobile network provider NetOne has reportedly recorded significant grown as it has since managed to set up 652 base stations across the country and having a combination of 3G and ...

by Stephen Jakes

Loss making NetOne to declare a dividend?

20 May 2016 | 2197 Views
The state-owned mobile operator NetOne is eyeing to declare a dividend by the end of the year despite making a US$3 million loss last year which is inconsistent with the US$218 million investment ...

by Staff reporter

Pepsi to set up multi-million plant in Zimbabwe

20 May 2016 | 4457 Views
AN Indian billionaire planning to set up a multi-million dollar PepsiCo plant in the country visited Zimbabwe over a fortnight ago to clear bureaucratic hurdles, which appeared to stall the project, t...

by Staff reporter

VACANCY ANNOUNCEMENT

20 May 2016 | 5751 Views
FAO is a member of the United Nations and does not charge any fees or require personal banking details at any stage of the recruitment process (application, interview,...

by Food and Agriculture Organization of the United Nations (FAO)

Air Zimbabwe search for strategic partner

20 May 2016 | 1902 Views
THE government is in discussion with 12 airlines as potential suitors as it widens the search for a strategic partner for the national airline Air Zimbabwe.Transport and Infrastructure Develop...

by Walter Muchinguri

Cimas launches low cost private hospital medical aid package

19 May 2016 | 2778 Views
Cimas Medical Aid Society has launched a new low cost private hospital medical aid package, the Classic Private Hospital package that gives members access to private healthcare at a lower cost than it...

by Business Reporter

RBZ directs banks to issue loans to SMEs

19 May 2016 | 3446 Views
The Reserve Bank of Zimbabwe (RBZ) deputy governor Charity Dhliwayo has said the central bank is crafting new measures to force banks to increase support to the informal sector.She told a parl...

by Thobekile Zhou

Bankers blacklisted

19 May 2016 | 3465 Views
Government has blacklisted bankers whose institutions collapsed due to delinquency, effectively sealed the fate of former highfliers accused of precipitating the demise of demise of several financ...

by Staff reporter

EcoCash, MTN launch money transfer service

19 May 2016 | 4171 Views
Zimbabwe's largest mobile money service, EcoCash, and MTN mobile money in Zambia have launched a money transfer service that allows Zimbabweans living in Zambia to send money home using MTN money wall...

by Business Reporter

NSSA Building Society officially launched

18 May 2016 | 3037 Views
The National Social Security Authority's National Building Society (NBS) has been officially opened in Harare.In his address at the official opening ceremony, NBS board chairman Gamaliel B...

by Staff reporter

Banks absolve themselves from wrong doing

15 May 2016 | 2003 Views
BANKS involved in the transfer of cash to offshore accounts did so within the confines of the law and cannot be held liable for illicit financial flows, Bankers Association of Zimbabwe president Dr Ch...

by Enacy Mapakame

Tax arrears balloon to $2.58 billion, says Zimra

13 May 2016 | 2773 Views
Zimbabwe Revenue Authority (Zimra) says tax arrears have ballooned to $2,58 billion from $1,97 billion last year as privately-owned enterprises are increasingly failing to service their tax obligation...

by Staff repoter

Zimbabwe cement firms face closure

13 May 2016 | 4271 Views
Local cement producers have warned of possible scaling down of operations and closures owing to an influx of cheap imported products from the region, saying protectionist measures could save the indus...

by Staff reporter

No change at Delta Beverages after AB-InBev takeover - CEO

12 May 2016 | 3986 Views
Delta Beverages says it does not expect any change in its operations and product offering following the proposed takeover of SABMiller by Anheuser-Busch (AB) InBev.Speaking at a results presen...

by Staff reporter

Air Zim splashes $200K per month on grounded plane

12 May 2016 | 3735 Views
Transport minister Jorum Gumbo has revealed that the Airbus A320 from China are not new and are rented at a cost of $200 000 per month each.He said the two aircrafts from China which are on le...

by Thobekile Zhou

Cash shortage hits mobile money services

12 May 2016 | 4172 Views
MOBILE money transfer agencies in Bulawayo have in the past few days recorded low business due to the cash crisis that hit the country in recent weeks.In separate interviews, some of the agenc...

by Oliver Kazunga

CIMAS allays closure fears

11 May 2016 | 3334 Views
Cimas Medical Aid Society says it is not in danger of losing its operating licence, dismissing media reports to the contrary. A local weekly on Sunday reported that government had given th...

by Staff reporter

Econet wants to buy South Africa's Neotel

11 May 2016 | 3235 Views
JOHANNESBURG - Econet Wireless Global and subsea cable operator Seacom are courting Neotel with the view to a potential acquisition, it was reported on Tuesday. The news comes after Vodacom was forced...

by moneyweb

Innscor, Zimplats fingered in Panama Papers

10 May 2016 | 4303 Views
Another high-profile Zimbabwean company has been named in the Panama Papers for payments and other transactions to directors which are viewed as illegal.The Panama Papers is a tranche of milli...

by Staff reporter

ZESA seeks cost reflective power tariff

10 May 2016 | 2368 Views
POWER utility Zesa Holdings needs a cost reflective power tariff to sustain imports and the prevailing consistent supply of electricity, secretary for Energy and Power Development Partson Mbiriri has ...

by Business Reporter

Mobile operators to be penalised for poor network

09 May 2016 | 3286 Views
THE government has gazetted quality of service regulations that will penalise mobile operators who offer shoddy services to subscribers.Minister of Information, Communication and Technology an...

by Nqobile Tshili

Nando's advert disses quail birds (Chihuta)

08 May 2016 | 7438 Views
Local food outlet Nando's has released an advert dissing the quail bird that has become a sought-after delight in Zimbabwe.In a typical, humor-filled Nando's fashion, the ad blasts the quail a...

by Staff Reporter

Econet launches massive consumer promotion

06 May 2016 | 2833 Views
Zimbabwe's biggest telecommunication service provider, Econet Wireless yesterday launched its biggest ever consumer promotion, 7X, which will see customers getting 700 percent free bonus airtime every...

by Business Reporter

Arenel begins snack plant commissioning

05 May 2016 | 2882 Views
DIVERSIFIED Bulawayo-based manufacturer, Arenel, has begun commissioning its snack plant under a $2 million investment that is expected to create about 300 jobs.Chief Secretary to the Offi...

by Business Reporter

Banks hike charges

05 May 2016 | 4487 Views
BANKS have hiked transaction costs by up to 570 percent, leaving the bulk of depositors who are already living on the margins of poverty poorer.They are taking advantage of the crippling cash ...

by Staff Reporter

SA firms urged to invest in Zimbabwe

03 May 2016 | 2685 Views
THE government wants South African companies exporting to Zimbabwe to also bring investment into local industry in order to create jobs and improve the tight liquidity situation in the country. ...

by Business Reporter

Edgars, Power Sales accused of importing cheap clothes

03 May 2016 | 4924 Views
Clothing retail players have accused Edgars and Power Sales outlets of importing cheap products.The sector is lobbying Government to impose a ban on finished clothes, saying the influx of impo...

by Staff Reporter

2 firms removed from Zimbabwe Stock Exchange

02 May 2016 | 3397 Views
TWO companies were last week removed from the Zimbabwe Stock Exchange leaving the number of counters on the bourse at 62.Pelhams Limited and Radar were both removed from the stock exchange wit...

by Business Reporter

'Zimbabwe firms not competing fairly'

29 April 2016 | 2266 Views
ZIMBABWEAN companies are competing unfairly with regional producers who lower the prices of their products when selling locally in order to attract the US dollar.Datlabs Chemicals technical di...

by Nqobile Tshili

Econet introduces Ecocash airtime credit service

28 April 2016 | 4436 Views
Econet Wireless Zimbabwe has introduced airtime credit service via EcoCash to assist users in times of emergency. The innovation which is the first of its kind in Zimbabwe, means that an E...

by Staff reporter

Blitz on unregistered insurance agents launched

28 April 2016 | 2292 Views
THE Insurance and Pensions Commission has launched a blitz on unregistered insurance agents and fake insurance cover notes, a senior IPEC official said. The operation is being conducted by IPEC in con...

by Tinashe Makichi

Chinese ZTE to open 50 branches in Zimbabwe

28 April 2016 | 3082 Views
Chinese telecoms equipment and handset manufacturer, ZTE is set to open 50 branches in Zimbabwe this year which will also include a technical and repair centre for all its products. In the past ZTE us...

by Business Reporter

Man rapes 'promiscuous' sister in law

27 April 2016 | 4930 Views
A man raped his brother's wife aged 18 on their way to South Africa late last year, has been handed an effective 15-year jail term by Beitbridge regional magistrate Joseph Mabeza. However...

by Staff Reporter

NRZ drags workers to court

27 April 2016 | 3360 Views
THE National Railways of Zimbabwe (NRZ) has taken 942 of its workers to court for refusing to return to work after downing tools last month over the non-payment of salaries.Public Service, Lab...

by Mashudu Netsianda

IBC to address critical issues

26 April 2016 | 2182 Views
AT least 350 delegates will attend the 10th edition of the International Business Conference (IBC) in Bulawayo tomorrow with focus on optimising and leveraging on the country's resource base to create...

by Business Reporter

AfDB approves $25m credit line for CABS

26 April 2016 | 2341 Views
The African Development Bank has approved a $25 million trade finance line of credit facility to Central Africa Building Society of Zimbabwe. This medium term facility will support the expansion of CA...

by Staff reporter

Cooking oil shortage looms

26 April 2016 | 3886 Views
A cooking oil shortage is looming in the country following revelations that the sector's producers are failing to secure key raw materials from foreign countries due to the situation with banks' nostr...

by Staff reporter

NRZ workers begged to be fired

22 April 2016 | 4990 Views
National Railways of Zimbabwe workers have reportedly begged  top management to fire them.The workers said it was pointless to continue reporting for duty without pay.Workers have...

by Thobekile Zhou

Econet Media Becomes the NBA's Largest Partner Ever in Africa

21 April 2016 | 5165 Views
JOHANNESBURG AND NEW YORK, April 21, 2016 – The National Basketball Association (NBA) and Econet, a multinational, diversified telecommunications group, today announced a multiyear partnership to pr...

by Agencies

Houses up for grabs for Harare 'Whisky' drinkers

21 April 2016 | 5721 Views
AFRICAN Distillers Limited (AFDIS), Zimbabwe's largest spirits, ciders and wine manufacturing company has launched a nationwide promotion in which consumers will win three houses in Harare as a way of...

by Business Reporter

Hwange Colliery Company workers demand management overhaul

21 April 2016 | 2984 Views
HWANGE Colliery Company Ltd employees are unhappy with their senior management and have since started lobbying for a complete overhaul, sources have said. Last week, the company held a mee...

by Staff Reporter

ILO roped into NRZ strike

20 April 2016 | 3455 Views
The International Labour Organisation (ILO) has been approached by the Zimbabwe Congress of Trade Unions (ZCTU) to intervene in the pay dispute between the National Railways of Zimbabwe (NRZ) and its ...

by Staff Reporter

Former Ingwebu workers besiege company premises

19 April 2016 | 3192 Views
CLOSE to 100 former Ingwebu Breweries workers yesterday besieged the company's premises in Bulawayo demanding their retrenchment packages and outstanding salaries backdated to 2009.The disgrun...

by Bianca Mlilo

Emirates SkyCargo launches new protection solution for temperature-sensitive cargo 

19 April 2016 | 2832 Views
Montreux, Switzerland and Dubai, U.A.E. - Emirates SkyCargo, the cargo division of Emirates Airline, has launched a next-generation version of its innovative protection product for valuable temperatur...

by Agencies

CABS phases out withdrawal, deposit slips

18 April 2016 | 5186 Views
ZIMBABWE's largest mortgage lender, CABS, says it will phase out use of withdrawal and deposit slips starting June 1, 2016 in favour of cards as part of measures to improve service efficiency. ...

by Business Reporter

Emirates airline increases baggage allowance

18 April 2016 | 3105 Views
LEADING airliner, Emirates has increased its free baggage allowance for customers travelling on all its flights.Under the new baggage regime which came into effect last Friday, economy Class c...

by Business Reporter
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