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BAT Zimbabwe unit declares 100% dividend

BAT Zimbabwe, the Zimbabwe unit of British American Tobacco, on Friday put a smile on its shareholders' faces after it declared a 100% dividend payout. After recording basic earnings ...Read more

BAT Zimbabwe unit declares 100% dividend

28 July 2014 | 1390 Views
BAT Zimbabwe, the Zimbabwe unit of British American Tobacco, on Friday put a smile on its shareholders' faces after it declared a 100% dividend payout. After recording basic earnings ...

by Staff reporter

Two Zimbabwean banks face collapse

25 July 2014 | 7985 Views
Two more indigenous banks face collapse due to the persisting liquidity crisis' systemic risk inherent in the financial sector, a report released this week indicated.In a 2014 first half analy...

by Staff reporter

Econet dismiss Zimra investigations report as false and defamatory

25 July 2014 | 1969 Views
The Financial Gazette (24/7/2014) carried an article that makes false and defamatory allegations against Econet Wireless concerning the importation of base stations. The person referred to in the ar...

by Press release

Flyafrica fails to fly

25 July 2014 | 2831 Views
New local airline, Flyafrica.com failed to make its inaugural flight from Victoria Falls to Johannesburg  on Wednesday reportedly to fine tune operational logistics, it has emerged.Flyaf...

by Staff reporter

'Zim banks have no capacity to fund mines,' says BAZ

24 July 2014 | 1213 Views
THE banking sector has no capacity to meet financial requirements for the mining industry due to the liquidity crunch facing the economy, the Bankers Association of Zimbabwe president, Sam Malaba, sai...

by Oliver Kazunga

Emirates A380 says 'Namaste Mumbai'

24 July 2014 | 1753 Views
HARARE - Emirates, which flies daily from Harare to Dubai via Lusaka, has commenced its first scheduled Airbus A380 service to India with a daily flight between Dubai and Mumbai.EK500 took off...

by Staff Reporter

Econet embroiled in tax dispute with Zimra

24 July 2014 | 2642 Views
THE Zimbabwe Revenue Authority (ZIMRA)'s tax dragnet has swooped on telecommunications giant, Econet Wireless Zimbabwe, which is now embroiled in a tax dispute with the country's revenue collector o...

by Staff Reporter

Safeguard: Upgraded Video Alarm discharges pepper spray

23 July 2014 | 985 Views
Safeguard has upgraded its wireless Video Alarm to incorporate a microphone, speakers and defensive material, making it possible for its monitoring centre team to speak to and warn intruders and r...

by Staff Reporter

KFC sparks frenzy in Zimbabwe

23 July 2014 | 5902 Views
The newly opened KFC outlet has sparked a frenzy among Zimbabweans.The KFC outlet in the outskirts of Harare's CBD is the first in Zimbabwe after more than a decade absence.The new out...

by Staff reporter

Chibuku offsets decline in lagers for Delta Beverages

22 July 2014 | 1560 Views
Delta's three months trading period to 30 June 2014 was characterised by depressed consumer demand due to the tight liquidity conditions. The move by consumers to value products remained evident. ...

by Business reporter

KFC reopens in Zimbabwe

22 July 2014 | 10566 Views
American fast food chain KFC has reopened in Zimbabwe after a nearly seven year absence. The retailer planning to open about 25 outlets in Zimbabwe finally unveiled its shop in Harare on Sun...

by Staff reporter

Southern Eye 'not shutting down'

22 July 2014 | 1303 Views
ALPHA Media Holdings (AMH) chairman Trevor Ncube yesterday dismissed reports that Southern Eye is shutting down.Ncube was reacting to claims published by online and South African media allegi...

by Staff reporter

Emirates Offers up to 30% Discount for Zimbabwe Travellers

21 July 2014 | 3165 Views
Top international destinations included in offer  HARARE - Emirates, which flies daily from Harare to Lusaka and Dubai, is offering Zimbabwean ...

by Moyo Roy

Safeguard introduces wireless beams for improved outdoor security

21 July 2014 | 1446 Views
Safeguard Alarms has introduced a new outdoor wireless security system, the Safeguard Sentry, that provides an early warning alert if there is an intruder on the premises. The system consi...

by Business Reporter

Barclays Zimbabwe launches 'Cashsend Craze Campaign'

21 July 2014 | 2203 Views
Barclays Zimbabwe has launched a campaign to send money for free to recipients in Zimbabwe through the ATM. The "Cashsend Craze Campaign" that will run until the September 30 2014 is aime...

by Staff reporter

Potraz want cellphone tariff cuts

21 July 2014 | 1648 Views
The Postal Telecommunications Regulatory Authority of Zimbabwe is currently locked in negotiations with the country’s mobile network providers with a view of them slashing their tariffs. ...

by Staff reporter

Zimra dragged to court

21 July 2014 | 2584 Views
More than 10 corporates have taken the Zimbabwe Revenue Authority to court over punitive garnishee orders issued on their accounts for outstanding taxes running into millions of dollars, with the Fisc...

by Fidelis Munyoro

Tobacco company to pay wife $23b for cancer death

20 July 2014 | 2193 Views
A US court has ordered the country's second largest cigarette company to pay $23.6 billion (£13.8bn) to the wife of a smoker who died of lung cancer.RJ Reynolds Tobacco Company was hit with t...

by BBC

Delta Beverages taken to court over maize

20 July 2014 | 752 Views
A Karoi farmer has taken alcohol and soft drinks giant Delta Beverages to court for buying maize below the gazetted price of US$390 per tonne.Mr Never Gasho alleges that the company is taking...

by Noah Pito

TM & Pick Pay launch million dollar promotion

19 July 2014 | 2681 Views
Meikles Limited retail arm, TM Supermarkets has launched a promotion worth over $1 million as the supermarket chain seeks to grow revenues and position in the retail sector. The promotion dub...

by Staff reporter

Zimplats underground mine collapses

18 July 2014 | 3992 Views
Platinum production at Zimplats Holdings Ltd's largest mine in Zimbabwe has been halved following a major collapse underground, the company said on Friday.Zimplats said there were no reports o...

by Reuters

NetOne reinvents the old 'callbox'

17 July 2014 | 3131 Views
NetOne has reinvented the old "callbox". This is a public telephone system that used to be operated by the then Post and Telecommunications Corporation, through the introduction of their own...

by Staff reporter

$1.5 billion power plant for Zimbabwe

17 July 2014 | 3045 Views
Makomo Resources (Pvt) Ltd, Zimbabwe's largest coal producer by output, said it plans to spend $1,5 billion on a 600-megawatt power plant and will also start exporting coal to steelmakers in southern ...

by Staff reporter

Safeguard upgrades Video Alarm security system

16 July 2014 | 2043 Views
Safeguard has upgraded its wireless Video Alarm to incorporate a microphone, speakers and defensive material, making it possible for its monitoring centre team to speak to and warn intruders and r...

by Business reporter

Telecel introduces telecash gold card

16 July 2014 | 2256 Views
Telecel Zimbabwe today (Wednesday) launched its telecash gold card, a debit card which can be used to pay for goods and services at any of the more than 5 000 ZimSwitch points of sale across the coun...

by Business Reporter

Econet deregisters Telecash agents

16 July 2014 | 2607 Views
ECONET Wireless is reported to have started deregistering its Ecocash agents who have been doubling as agents for its rival, Telecel Zimbabwe which is operating Telecash.Telecel launched its ...

by Lovemore Zigara

'Jane Mutasa is not a Telecel shareholder'

15 July 2014 | 2861 Views
Telecel Zimbabwe (Private) Limited management has denied claims that its suspended chairperson Jane Mutasa is still a shareholder.This follows a court application by the businesswoman demandin...

by Staff reporter

ZESA to securitise domestic debt

14 July 2014 | 1909 Views
ZESA Holdings says it plans to securitise part of the $322 million it is owed by customers as part of efforts to fund its operations.Giving oral evidence to the parliamentary portfolio committ...

by Staff reporter

Reserve Bank of Zimbabwe restructures

13 July 2014 | 3041 Views
THE Reserve Bank of Zimbabwe has announced a restructuring programme that will see the streamlining of operations and a change in the organogram under a new strategy termed "Back to Basics" meant to i...

by Lungile Tshuma

Unregistered subscribers will be disconnected today

12 July 2014 | 3497 Views
THOUSANDS of unregistered mobile phone subscribers will be disconnected by their service providers today while those who lose their Sim cards will now be required to produce a police report to recover...

by Patrick Chitumba

$200 withdrawal limit for AfrAsia depositors

11 July 2014 | 3375 Views
AFRASIA Bank depositors are grappling with limited cash withdrawals imposed by the bank as it struggles with liquidity problems.  Depositors have been left stranded as maximum withdrawal...

by Staff reporter

Delivering customer service excellence key to success in the service industry, says DHL

10 July 2014 | 783 Views
 How often does a service company truly exceed expectations?  CAPE TOWN - How often does a service company truly exceed expectations...

by Business Reporter

Emirates boosts baggage allowance from Harare

10 July 2014 | 3418 Views
Generous 40kg allowance available until September 30  HARARE - Emirates, which flies daily from Harare to Dubai via Lusaka, has increased its E...

by Business Reporter

Cimas issues new cards to all its members in bid to curb fraud

10 July 2014 | 2467 Views
Cimas Medical Aid Society is currently sending out every week about 9 000 new colour coded membership cards with photographs that are designed to reduce the number of fraudulent claims.The...

by Mike Hamilton

Econet threatens to cut off unregistered subscribers

09 July 2014 | 2903 Views
Econet Wireless has warned its unregistered subscribers that they risk been cut off on July 13 as it attempts to comply with regulations set out by Potraz.The telecommunication firm has the hi...

by Staff reporter

NRZ has no plans to reintroduce 'freedom train'

08 July 2014 | 2256 Views
NATIONAL Railways of Zimbabwe acting general manager Lewis Mukwada yesterday told Parliament that the parastatal had no plans to reintroduce the "freedom trains" project as the move had proved to be n...

by Staff Reporter

Telecel defaults on licence payment

07 July 2014 | 2786 Views
Second largest mobile network operator, Telecel Zimbabwe is allegedly in default of its license renewal payment terms it brokered with government last year, potentially prejudicing treasury of crit...

by Staff reporter

Marvo appeals to govt

06 July 2014 | 1789 Views
Marvo Stationery has appealed to the government to impose heavy import duty to curb the dumping of stationery products, which it feels is suffocating the industry.Saul Mashamba, the Marvo mana...

by Business Reporter

'Ban car imports,' says Quest Motors

04 July 2014 | 5591 Views
Quest Motors Manufacturing (Quest) says Zimbabwe must ban car imports.The group - with capacity to produce 105 cars per day and 100 buses monthly - said government should shift its policy towa...

by Staff reporter

Zupco defers salaries indefinitely

04 July 2014 | 2770 Views
Troubled parastatal, the Zimbabwe United Passenger Company (Zupco), has indefinitely deferred the payment of April, May and June salaries for its workers, businessdigest reported. Workers...

by Staff reporter

Five Zimbabwean banks are 'ill' says Chinamasa

04 July 2014 | 3963 Views
HARARE - Up to five Zimbabwean banks are "ill", but this will not have an impact on the overall sector due to their small size, Finance minister Patrick Chinamasa said yesterday, without naming the st...

by Staff Reporter

ESSAR start operations at Zisco - Bimha

03 July 2014 | 2306 Views
ESSAR Africa Holdings has begun operations at Zisco and is engaging creditors to work on a repayment plan while it waits for the construction of a new iron and steel plant in 24 months, Industry and ...

by Staff Reporter

Zimbabwean company sue UK spooks over network spying

02 July 2014 | 1989 Views
Mango from Zimbabwe and a coalition of ISPs and communication providers from around the world filed a legal complaint against the UK Government Communications Headquarters, calling for an end to its a...

by itworld

Telecel Zimbabwe in fibre deployment project

02 July 2014 | 865 Views
Mobile network operator, Telecel says it has begun a fibre deployment project which will see the company laying its own optical fibre cable to avail more high capacity data provisioning for the networ...

by Francis Chimanda

Angry customer poos on Barclays Bank floor

01 July 2014 | 8052 Views
A high street Barclays Bank branch in Andover, Hampshire, UK, was forced to close after an irate customer dropped his shorts and pooed on the floor.Onlookers watched in disbelief as the ma...

by Staff reporter

Air Namibia introduces Airbus on Zimbabwe route

01 July 2014 | 2368 Views
Air Namibia has introduced a 112-seater Airbus A319 to service its Harare-Windhoek and Harare-Lusaka routes due to increased demand. The Airbus, which offers both Business class and Econom...

by Staff reporter

Telecel seeking $200m for network expansion

30 June 2014 | 1521 Views
Mobile network operator Telecel Zimbabwe is seeking $200 million to increase its third generation (3G) network coverage and grow subscriber base to 5,5 million by year end.Telecel is the secon...

by Staff reporter

Delta Beverages wants to pay ex-worker in Zim dollars

30 June 2014 | 3170 Views
DELTA Beverages is refusing to pay a former worker more than U$28 000 in back-pay and damages awarded to him in a labour dispute arguing the payment should have been made in Zimbabwe dollars....

by Fidelis Munyoro

Econet in trouble with authorities

30 June 2014 | 3442 Views
TELECOMS giant Econet is under fire over unsolicited text messages it is sending to subscribers, with the Postal Telecommunications Regulatory Authority of Zimbabwe (Potraz) saying it was looking int...

by Pamela Shumba

Air Zimbabwe slashes prices, $290 return ticket to Joburg

26 June 2014 | 7481 Views
Air Zimbabwe has slashed prices which has seen a reduction in airfares by more than half in its 'Winter price Chill' promotion.Air Zimbabwe on Thursday issued an advert for its promotional f...

by Ndou Paul
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