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Victoria Falls firm sues RBZ, Barclays



A Victoria Falls-based recreational company Shear Water Safaris has dragged the central bank and Barclays Bank of Zimbabwe Private Limited to court over half a million dollars seized by the moneta...Read more

Victoria Falls firm sues RBZ, Barclays

31 July 2015 | 1920 Views
A Victoria Falls-based recreational company Shear Water Safaris has dragged the central bank and Barclays Bank of Zimbabwe Private Limited to court over half a million dollars seized by the moneta...

by Staff reporter

Econet boss quits

31 July 2015 | 6431 Views
Econet Wireless Zimbabwe today announced the resignation of Stanley Henning from his position as Chief Commercial and Customer Service Officer. Stanley left his position on July 30 to pursue p...

by Ndou Paul

Estate Agents barred from trading - list

31 July 2015 | 2455 Views
THE Estate Agents Council of (EAC) Zimbabwe has ordered more than 10 Real Estate companies and individuals to stop trading.In a public notice in the local newspapers, the Estate Agents Council...

by Ndou Paul

Zesa steps up debt recovery measures

31 July 2015 | 3047 Views
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) is urging its customers who are in arrears to settle their accounts.In an advisory in today's newspapers, ZEDTC said "Cre...

by Ndou Paul

Innscor will not pay CTC penalties

31 July 2015 | 1531 Views
Innscor Africa Limited has been absolved from paying $2,5 million in penalties imposed by the Competition and Tariff Commission over the food group's merger with the agro-processor, National Food...

by Staff reporter

ZUJ baffled by journalists dismissals

31 July 2015 | 1643 Views
The Zimbabwe Union of Journalists, ZUJ, has expressed deep concerns over developments in which several journalists and media workers have lost their jobs following the unpopular 17 July Supreme Co...

by Stephen Jakes

2015 Mid-term Fiscal Policy - full document

30 July 2015 | 4603 Views
Government to increase surtax on second hand vehicles aged more than 5 years from date of manufacture from 25 percent to 35 percent effect from September 1.Royalties on small scale gold miner...

by Staff reporter

Net Seven Real Estate ordered to stop trading

30 July 2015 | 2901 Views
THE Estate Agents Council of (EAC) Zimbabwe has ordered the Net Seven Real Estate to stop trading.In an advisory in the local newspapers, the Estate Agents Council said, "Members of the public...

by Ndou Paul

Fingaz to retrench 35% of its staff

30 July 2015 | 2968 Views
The Financial Gazette said it will be retrenching 35% of its staff across the board.The group chief executive officer of the Financial Gazette, Jacob Chisese last night said, "It is, howev...

by Ndou Paul

Zimbabwe set to have a cassava ethanol producing plant

30 July 2015 | 1783 Views
Zimbabwe is set to have a cassava ethanol producing plant to boost ethanol output as the country moves to accelerate mandatory fuel blending. Ministry of Energy and Power Development direc...

by Staff reporter

New shareholding threshold for Zimbabwe banks

30 July 2015 | 1947 Views
The Reserve Bank of Zimbabwe (RBZ) is putting a new shareholding threshold where individuals can only own up to 10% in a banking institution as part of a roadmap to attain corporate governance, RB...

by Staff reporter

Dunlop dismisses about 85 employees

29 July 2015 | 2768 Views
As the wave of dismissing the workers on three months notice since the ruling made by the Supreme Court granting employers to give notice of three months before dismissing workers hit the nation since...

by Stephen Jakes

Barclays Africa hastens talks to buy Barclays Zimbabwe

29 July 2015 | 2725 Views
Barclays Africa Group said talks to buy its parent company's operations in Egypt and Zimbabwe have been accelerated following management changes at Barclays."Our ambition is to do the acq...

by Agencies

NewsDay fires 5 journalists, 16 inserters

29 July 2015 | 2602 Views
Alpha Media Holdings, publishers of NewsDay, The Zimbabwe Independent and The Standard newspaper yesterday fired five journalists and 16 newspaper inserters using the recent Supreme Court ruling t...

by Staff reporter

Zimbabwe diamonds firm winds up operations

29 July 2015 | 2806 Views
The government has authorized Marange Resources to merge with other diamond producers in the country as it moves to form one miner for the precious mineral. There are plans to consolidate ...

by Staff reporter

Zimbabwe Stock Exchange liquidity falls 39%

29 July 2015 | 1868 Views
Liquidity on the Zimbabwe Stock Exchange has dropped continuously since March, plunging 39 percent for the six months to July 2015, with most heavyweight stocks taking major knocks. The la...

by Staff reporter

NewsDay sports editor 'fired'

28 July 2015 | 4297 Views
Alpha Media Holding has begun implementing the condemned Supreme Court ruling as News Day sports editor Wellington Toni has been shown the door.Sources at NewsDay said Toni was handed his dis...

by Thobekile Zhou

Zimra misses revenue targets

26 July 2015 | 4823 Views
The Zimbabwe Revenue Authority (Zimra) says second quarter revenue figures are slightly below target as liquidity constraints continue to affect the economy.Zimra Commissioner General, Mr...

by Staff reporter

Econet, Zimbabwe govt on a collision course

25 July 2015 | 7026 Views
The Zimbabwe government is on a collision course with Econet, the country's biggest mobile network operator over compulsory telecommunications infrastructure sharing.Information, Communica...

by Staff reporter

Chiyangwa's company records a sixth consecutive loss since 2009

25 July 2015 | 5224 Views
Phillip Chiyangwa's listed engineering concern, Zeco Holdings (Zeco), has recorded a sixth consecutive loss since 2009 on the back of deteriorating economic conditions, casting doubt on the company's ...

by Staff reporter

Airbnb Plans to Expand Further Across African Continent

25 July 2015 | 4165 Views
- In the last twelve months alone, Airbnb has more than doubled in size in Africa - Airbnb CEO Brian Chesky Attends Global Entrepreneurial Summit in ...

by APO

OK Zimbabwe net sales lower than budget

24 July 2015 | 4491 Views
OK Zimbabwe  released a trading update statement advising its shareholders that the macro-economic environment continued to deteriorate as evidenced by declining consumption and continuing fallin...

by Staff reporter

Mobile money transactions surpass $2 billion

24 July 2015 | 4337 Views
The value of transactions processed through mobile platforms surpassed $2 billion during the first five months of the year, highlighting the increasing number of people turning to mobile devices t...

by Staff reporter

'Zimbabwe to remain in deflation'

24 July 2015 | 4385 Views
An equities firm, IH Securities says Zimbabwe is expected to remain in deflation this year due to persistent weakness in the rand, subdued demand and the price correction.IH securities sai...

by Staff reporter

Italy eyes Zimbabwe energy sector

24 July 2015 | 4635 Views
Italy will invest in Zimbabwe's solar energy sector as it can reach the lower base of society, a senior official from the European country said on Wednesday.Secretary of State for Renewabl...

by Staff reporter

Telecel buyout scandal deepens

24 July 2015 | 4716 Views
It has emerged that influential people in government are using Zarnet as a cover to corruptly take over Telecel for private rather than public benefit.This comes to light after information...

by Staff reporter

Udine Products in war with workers over $90 000 union dues

24 July 2015 | 2709 Views
THE UDINE PRODUCTS company in the Belmont area in Bulawayo is embroiled in a bitter wrangle with over 100 workers for allegedly deducting workers money for union dues but not remitting it to their...

by Stephen Jakes

Firms fire 1000 workers on Thursday

24 July 2015 | 6269 Views
AT least 1 000 workers from different companies were fired on Thursday countrywide.Zimasco reportedly sacked  648 workers.According to reports, an estimated 3 000 workers have bee...

by Staff Reporter

Zimbabwe company inks $1.1bn thermal power deal with China

23 July 2015 | 4812 Views
A Zimbabwean company on Thursday signed a $1.1 billion agreement with the China State Construction Engineering Corporation (CSCEC) to build a 600-megawatt thermal power plant, a move expected to ease ...

by AFP

Councillors demand 300% allowances hikes

23 July 2015 | 5297 Views
Kwekwe City council councillors are demanding an outrageous increase in allowances, in excess of 300 percent in order to make up for the long hours they are putting in administering the affairs of...

by Staff Reporter

Zimbabwe mining companies asked to build power station

23 July 2015 | 4335 Views
Mines and Mining Development minister Walter Chidhakwa yesterday said that mining companies should come together and build a power station to leverage power shortages in the country.He sa...

by Staff reporter

Econet join bandwagon, tell employees to immediately stop reporting for duty

23 July 2015 | 7624 Views
Econet Wireless handed letters of dismissal to several workers between Monday and yesterday, informing them to immediately stop reporting for duty since their contracts have been cancelled....

by Staff reporter

US, UK investors starting to see Zimbabwe as more attractive than SA

22 July 2015 | 8337 Views
According to Fin24, South Africa better take note that business people in the US and the...

by Staff reporter

zimHost.com Webdesigners wins third award

23 July 2015 | 4887 Views
The zimHost.com has just won their third award, Webdesigners of the year at the recently held Zimbabwe Chamber of Small to Medium Enterprises (SME) s at the HICC in Harare.zimHost.com, a web ...

by Stephen Jakes

Workers up in arms against Amtec over terminal benefits

22 July 2015 | 6443 Views
Over 20 employees' of Amtec in Mutare disengaged in 2013 following the company's takeover by Sambiri Investments are at cross roads after their former employer refused to meet their agreed exit packag...

by Stephen Jakes

Economy flourished when Mpofu was mines minister - Zanu PF official

22 July 2015 | 7211 Views
Zanu PF youth member Fidelis Fengu has said during the time when Obert Mpofu was Mines minister the economy flourished and since he left all has nose dived insinuating that the current minister of...

by Stephen Jakes

New investors contributing to high workplace accidents

22 July 2015 | 4723 Views
The ZCTU departmental head for safety and health, Nathan Banda, has attributed the increase in workplace accidents to the influx of new investors and reluctance by some employers to observe safety...

by Stephen Jakes

Supreme Court ruling costs 700 jobs in 5 days

22 July 2015 | 5357 Views
Government yesterday held a crisis meeting with stakeholders during which workers proposed that Presidential Powers be invoked to protect them amid reports that over 700 have lost jobs in the las...

by Staff reporter

Zimbabwean company builds a hybrid helicopter

22 July 2015 | 6546 Views
SAITH Technology has unveiled its latest technologies including an electric car and hybrid helicopter, but said it was waiting government approval to sell the products. Speaking at the off...

by Staff reporter

Rainbow Airlines launches maiden Harare - Joburg flight

21 July 2015 | 5714 Views
A new airline is set to start operating next month, a development expected to inject confidence in the local aviation industry.Rainbow Airlines this Tuesday held a demonstration flight from th...

by Staff reporter

Mine Entra celebrates 20 yr existence

21 July 2015 | 3626 Views
Zimbabwe's regional Mining, Engineering and Transport (Mine Entra) exhibition kicks off in Bulawayo on Wednesday as the exhibition celebrates its 20th year running.As of Tuesday, 92% of the sp...

by Thobekile Zhou

Ingwebu breweries loses court appeal

21 July 2015 | 4723 Views
THE BULAWAYO labour court has dismissed an appeal by Ingwebu breweries in a case in which the brewery was challenging an arbitral award in favour of its former manager Makhosini Khumalo.Ma...

by Stephen Jakes

Court ruling triggers fierce job losses in Zimbabwe

21 July 2015 | 6029 Views
Hundreds of workers have been left jobless in the last four days after employers embraced with speed the Supreme Court judgment delivered last Friday allowing companies to terminate workers' contracts...

by Staff reporter

ZSE lures mining companies

21 July 2015 | 3471 Views
The Zimbabwe Stock Exchange (ZSE) is in discussions with mining companies so that they list on the local bourse to increase mining counters. According to the Newsday, the local bourse has fou...

by Staff reporter

Air Zimbabwe flies one passenger from SA to Vic Falls

21 July 2015 | 8399 Views
AIR Zimbabwe recorded another aviation record as it flew one passenger from Johannesburg to Victoria on a 105-seater plane.The Boeing 737 plane has 12 business and 93 economy class seats....

by Staff Reporter

Zimbabwe signs US$150 Million agreements with Belarus

20 July 2015 | 4387 Views
Zimbabwe and Belarus have this afternoon signed a US$150 million Memorandum of Agreement in four areas namely road and dam construction, mining, agriculture, municipal and other equipment.Zimb...

by Staff Reporter

Anglo American Platinum to build Zimbabwe plant to avoid tax

20 July 2015 | 4592 Views
Anglo American Platinum said it plans to build a "secondhand" smelter in Zimbabwe as the world's largest producer of the metal seeks to avoid paying a 15% tax on exports of unprocessed minerals from t...

by Bloomberg

Ziscosteel employees protest over poor working conditions, abuse

20 July 2015 | 4399 Views
Scores of disgruntled Ziscosteel workers in Redcliff took to the streets on Saturday in protest over poor living conditions, abuse of workers by top management and failure by the government to re...

by Staff reporter

Judgment allows Zim workers to be sacked willy-nilly

19 July 2015 | 6936 Views
Public Service, Labour and Social Welfare Minister Prisca Mupfumira has said there is need to settle on corrective legal options to safeguard the workers from being sacked willy-nilly and empty-hande...

by Staff Repoprter

Telecel: Govt shuts out private investors

17 July 2015 | 4745 Views
The government has effectively elbowed out private investors in its quest to acquire equity in Telecel. Despite there being a private investor who is willing to invest capital into Telecel...

by Staff reporter
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