Air Zim gets a new Airbus A320

Air Zimbabwe has taken delivery of an Airbus A320 which is expected to ply the Johannesburg route.The plane, which was going under routine maintenance and safety checks Thursday at the Harare ...Read more

Air Zim gets a new Airbus A320

2013 May 25 | 1084 Views
Air Zimbabwe has taken delivery of an Airbus A320 which is expected to ply the Johannesburg route.The plane, which was going under routine maintenance and safety checks Thursday at the Harare ...

by Staff Reporter

ZSE: Industrials advances to cap record week

2013 May 24 | 958 Views
ZSE's Industrials continued to advance on Friday racing past the 212.00 level for the first time albeit in sluggish trades where only 5 counters traded in the positive territory while only 2 traded lo...

by Business reporter

SeedCo sales volumes down 10%

2013 May 24 | 864 Views
SeedCo is seeing more cash being generated by the business as the stock holding levels are being reduced, Chief Executive Officer Morgan Nzwere told analysts at a briefing yesterday.The group...

by Business reporter

Zimbabwe will not pay Zimplats for land grab

2013 May 24 | 1291 Views
GOVERNMENT will not use taxpayers' money to pay for the 27 948 hectares of excess platinum holding land from Zimplats, Mines and Mining Development Minister Obert Mpofu has said.Minister Mpofu...

by Business Reporter

Vingirai in new effort to get Intermarket back

2013 May 23 | 2013 Views
Nicholas Vingirai's Transnational Holdings together with Econet Wireless Holdings Limited have resuscitated their legal battle to get the former Zimbank and Intermarket takeover reversed after filing...

by Financial Express

ZSE shares hitting fresh highs as volumes remain depressed

2013 May 23 | 1307 Views
ZSE's Industrials hit another fresh record on Thursday amid strong interest in selected counters but overall volumes remained thin.Volumes for most of the counters that have recorded significa...

by Business reporter

Turnall sales and demand rebounds

2013 May 23 | 1113 Views
Turnall saw a rebound in sales and demand in the month of April and grew sales for that month to bring volume deficit down from the 16% in Q1 to 6% for the year to April 2013, MD John Jere told the AG...

by Business reporter

Lafarge records static revenue performance

2013 May 23 | 1002 Views
Lafarge's performance in the first 4 months was unchanged with revenue of $21.7 million, almost the same figure posted in the comparative period, MD Jonathan Shoniwa told the AGM this morning.&nbs...

by Business reporter

NetOne losses $84 900 airtime

2013 May 23 | 2586 Views
NetOne Cellular (Private) Limited lost thousands of dollars to its customer care service officer who allegedly converted US$84 900 worth of airtime to his own use.Reuben Langton Mujuru (29) wa...

by Court reporter

Godfrey Gomwe joins Econet board

2013 May 23 | 1958 Views
ECONET Wireless Zimbabwe Limited has appointed Mrs Sherree Gladys Shereni and Mr Godfrey Gomwe as independent non-executive directors.The appointments are with effect from May 15, 2013....

by Pauline Mhuka

Zimbabwe insists on Zimplats land grab

2013 May 22 | 1521 Views
Zimbabwe vowed on Wednesday it would not roll back on plans to seize 28,000 hectares of land leased to a local subsidiary of the platinum-mining giant Impala Platinum."If there is anyone who t...

by AFP

ZSE: Delta shares rebound to lift Industrials into record territory

2013 May 22 | 1350 Views
Delta shares hit $1,45 for the first time on Wednesday to help lift Industrials back into the record territory but overall activity slowed with only 21 counters recording trades compared with 30 yeste...

by Business reporter

NicozDiamond's profitability in line with budgets

2013 May 22 | 1277 Views
NicozDiamond's profitability in the 4 months to April is in line with budget expectations with the Gross Premium Written improving by 31.25% to $10.5 million as at 30 April 2013, group MD Grace Muradz...

by Business reporter

City Link luxury coaches battles debt

2013 May 22 | 3753 Views
Luxury bus firm City Link Coaches fears a court order compelling it to pay close to a million dollars in debt will cripple its operations.According to court papers, the lawsuit emanated from a...

by Staff reporter

Barclays Zimbabwe launches card-less ATM

2013 May 22 | 4227 Views
Barclays Bank Zimbabwe recently launched Cashsend, a simple money transfer solution that enables a Barclays customer with any Barclays debit card to send money to anyone in Zimbabwe. The recipient red...

by Business reporter

US private equity firm closes in on FBC Holdings

2013 May 22 | 2115 Views
UNITED STATES private equity firm Equator Capital is nearing a deal to acquire a 10 percent shareholding in Zimbabwe Stock Exchange-listed financial group, FBC Holdings, sources familiar with the deal...

by Business reporter

ZSE: Industrials slips into the red as Delta stutters

2013 May 21 | 1435 Views
Industrials slid into the red on Tuesday after Delta shares reversed last week's gains after trading 1c weaker at 142c while a significant volume in Econet lift...

by Business reporter

Govt to force banks to list on the ZSE

2013 May 21 | 1753 Views
Government will enact laws requiring all banks to list on the Zimbabwe Stock Exchange to help them raise capital, Finance Minister Tendai Biti has said.Addressing journalists recently, Ministe...

by New Ziana.

30 estate agents fail to renew licences

2013 May 21 | 2170 Views
At least 30 estate agents have so far this year failed to renew their licences for various reasons, an official said last week.Estate Agents Council of Zimbabwe registrar Mr Bennias Gweme told...

by New Ziana.

ZSE: Industrials manages modest gains as miners falter in thin trades

2013 May 20 | 1654 Views
ZSE's Industrials managed modest gains on Monday in hushed trades where only 4.6 million shares worth $594 559 traded while losses in Falgold and ...

by Business reporter

Zimbabwe to revisit mines' foreign ownership laws

2013 May 20 | 1842 Views
Mines deputy minister Gift Chimanikire said Zimbabwe will look to revisit laws that restrict foreign ownership of mining licenses in the next two to three months, but will not seize mine assets fro...

by Staff reporter

Govt to force telecom companies to share infrastructure

2013 May 19 | 1976 Views
GOVERNMENT is mooting a policy that forces telecommunication firms to share infrastructure in far reaching reforms set to remove the duplication in investments by operators.The move comes at a...

by Staff reporter

ZSE Industrials sets another record level

2013 May 17 | 1789 Views
ZSE's Industrials closed above the 210.00 mark for the first time on Friday as Delta shares ended at another record high of 143.01c to extend the momentum built up over the past 2 weeks while daily ma...

by Business reporter

LG partners with Edgars

2013 May 17 | 3179 Views
Global electronics manufacturer LG Electronics has partnered with Edgars in distributing its products as it continues to increase its market footprint in the country. Demand planner and assi...

by Staff reporter

Air Zimbabwe flies 12 passengers to SA on board the Boeing 737

2013 May 17 | 4737 Views
THE cash-strapped national airline Air Zimbabwe on Wednesday hit new lows as it reportedly flew with only 12 passengers on board the Boeing 737 from Harare to Johannesburg.The Boeing 737 has ...

by Staff reporter

ZSE shares continues to rise as activity slows

2013 May 16 | 1415 Views
ZSE shares advanced to fresh heights on Thursday steered by upbeat earnings from Delta and upcoming Econet finals but overall activity slowed with just 20 counters recording trades compared with 30 t...

by Business reporter

Premium products driving Delta's revenue growth

2013 May 16 | 2166 Views
Delta's revenue and margins for the year ending 31 March 2013 were driven by premiumisation in lager beer and soft drinks and price correction in Chibuku, CEO Pearson Gowero told an analyst briefing ...

by Business reporter

Emirates' Airbus A380 to be launched to Brisbane and Auckland

2013 May 16 | 2039 Views
HARARE - Brisbane is set to become Emirates' third Australian destination to welcome the airline's flagship Airbus A380, with the announcement that Emirates will operate the A380 on the Dubai to ...

by Moyo Roy

Scandal rocks Tel*One

2013 May 16 | 3294 Views
The country's fixed telecommunications network operator, Tel*One is understood to have been rocked by a scandal involving the diversion of employee benevolent funds to a microfinance institution, prej...

by Business reporter

Telecel management mere placeholders

2013 May 16 | 1593 Views
Fresh details have showed that excessive shareholder control and lack of management autonomy pushed out former Telecel Zimbabwe chief executive officer Francis Mawindi from the telecommunications fir...

by Staff reporter

ZSE will no longer be allowed to regulate itself

2013 May 16 | 1689 Views
THE Zimbabwe Stock Exchange will no longer be allowed to regulate itself owing to past abuses and malpractices and insider trading by the players, Finance Minister Tendai Biti has said. The mi...

by Business reporter

Econet Wireless walks away with two Gold awards

2013 May 16 | 2094 Views
At least 33 Zimbabwean companies yesterday received awards from a South African-based consultancy firm, PMR Africa. The awards were based on points that the companies accrued in a survey that...

by Staff Reporter

Tich Mataz suspended

2013 May 16 | 4348 Views
Zimpapers has suspended two senior staffers at its radio station, Star FM, over irregularities involving the transaction of advertising revenue meant for the radio station, Group Chief Executive Mr Ju...

by Staff Reporter

Delta Beverages posts another punchy set of results

2013 May 16 | 1891 Views
Delta Corporation Limited, ZImbabwe's brewing giant, posted another punchy set of results showing a solid 39% growth in net income to $102.5m, beating analyst estimates of $96.0m for the final resul...

by Mafu Sithabile

ZSE: Industrials hits fresh all-time high in midweek trades

2013 May 15 | 1569 Views
ZSE's Industrials closed at a fresh all-time high of 205.71 on Wednesday as investors continue to pile into a few selected counters.The Industrials Index...

by Business reporter

Increase of taxes and royalties could impact New Dawn operation

2013 May 15 | 1418 Views
New Dawn Mining said its operations and development plans in Zimbabwe could be impacted by various factors, including, for example, increased taxes and royalties, mining fees, power and labor costs, ...

by Mafu Sithabile

Africom slapped with a $147,000 lawsuit

2013 May 15 | 1959 Views
AFRICOM Holdings (Private) Limited has been slapped with a US$146 848 lawsuit for allegedly failing to pay for some CDMA wireless modems supplied to them by a local firm.Superpos (Pvt) Ltd cla...

by Staff reporter

Power shortages hamper setting up of platinum refinery, says Mimosa

2013 May 15 | 1492 Views
Power shortages and a huge initial capital outlay of $2 billion are the major stumbling blocks to the setting up of a platinum refinery in the country, Mimosa Platinum Mines executive director Mr Herb...

by Dosman Mangisi

Govt to sign agreement with Green Fuel

2013 May 14 | 1698 Views
Government is to sign an agreement with Green Fuel this week to pave way for the issuance of a five percent mandatory blending licence.The agreement will see government owning a 51 percent sh...

by Staff Reporter

ZSE: Industrials rebounds but closed off its all-time high

2013 May 14 | 1660 Views
The market's mainstream Industrials rebounded on Tuesday, buoyed by gains in selected heavyweights, to dose at 204.72 but remained off its all-time high of 204.74 reached last Friday.The ...

by Business reporter

Coca-cola denies accusations of propping up MDC-T's electoral chances

2013 May 14 | 2886 Views
COCA-COLA Zimbabwe has been forced to deny accusations that a new marketing campaign for its canned drinks is designed to shore up the electoral chances of the MDC-T.The pro-Zanu PF state-run ...

by Staff reporter

'Govt should not allow Telecel to appoint a Swedish national' - AAG

2013 May 14 | 2080 Views
THE Affirmative Action Group says Government should not allow Telecel Zimbabwe to appoint Swedish national and Canadian resident Mr John Swaim as interim managing director of the mobile phone operator...

by Golden Sibanda

NSSA increases pension benefits

2013 May 13 | 3005 Views
Those who become eligible for a social security pension after next month will, if they are earning between $350 and $700 and have been contributing to the pension scheme since its inception, receive s...

by Mike Hamilton

ZSE: Industrials snaps 6-day rising streak at week's opening

2013 May 13 | 1438 Views
ZSE shares opened the week lower as Industrials snapped a 6-day rising streak after giving in to losses in Econet and Innscor ...

by Business reporter

Emirates offers Zimbabwean travelers up to 10% discount

2013 May 13 | 2130 Views
Emirates has announced a flash sale which will offer Zimbabwe travelers up to 10% discount on fares to selected destinations.Valid for tickets booked and purchased through Emirates ...

by Own correspondent

Innscor faces penalty for not giving notice of NatFoods acquisition

2013 May 13 | 2935 Views
Innscor Africa faces a penalty from the Competition and Tariff Commission for not giving notice of its intent to acquire a majority stake in National Foods. The commission noted during a stak...

by Business reporter

MBCA, Mukuru in a money transfer partnership

2013 May 12 | 2236 Views
MBCA Bank and Mukuru.com have partnered in providing instant money transfer service to MBCA and non-MBCA customers.MBCA Bank said it is pleased to be in partnership with Mukuru.com in the prov...

by Staff reporter

Kingdom Bank stable, says Gono

2013 May 12 | 2645 Views
The Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Gideon Gono says he is aware of the dispute between founder of Kingdom Bank, Nigel Chanakira and Spiritage Group CEO, Matthew Wazara.In a...

by Business reporter

Forced indigenisation of banks is uninformed, says Gono

2013 May 10 | 2652 Views
Central Bank Governor Gideon Gono said plans to force foreign banks to sell majority stakes to black Zimbabweans are "uninformed.""The rush to indigenize the banking sector is more driven by e...

by Bloomberg

European Investment Bank returns to Zimbabwe

2013 May 10 | 2736 Views
THE European Investment Bank will be making a second comeback to Zimbabwe having suspended dealing with the country due to unpaid arrears accumulated by the government.Ambassador Aldo Dell'Ar...

by Business reporter

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