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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 | 228 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 | 6878 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 | 1814 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 | 2509 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

Good news Bulawayo, NRZ signs $460 million DBSA loan

24 July 2014 | 4094 Views
The National Railways of Zimbabwe (NRZ) has agreed to borrow $460 million from the Development Bank of Southern Africa to develop its unprofitable network that relies mainly on rolling stock acquired ...

by Reuters

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

24 July 2014 | 1080 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 | 1705 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

Zimbabwe downgrades 2014 economic outlook

24 July 2014 | 1097 Views
The Zimbabwe government has halved it 2014 real GDP growth to 3.1 percent in line with other forecasts made by the World Bank and the IMF, from the 6.1 percent made during the 2014 national budget....

by Business reporter

Zimbabwe bans rough diamonds export

24 July 2014 | 1179 Views
CABINET on Tuesday directed Mines and Mining Development minister Walter Chidakwa to immediately stop the export of rough diamonds to ensure the country gets maximum value for its minerals.Chi...

by Staff reporter

Tendai Biti wants rand to replace US dollar

24 July 2014 | 5286 Views
RENEWAL Team interim secretary-general and former Finance minister Tendai Biti yesterday called on the government to disband the use of the US dollar (US$) as the official base currency and officiall...

by Staff reporter

Econet embroiled in tax dispute with Zimra

24 July 2014 | 2485 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 | 961 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 | 5830 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

Zimra misses revenue target

23 July 2014 | 1424 Views
LOW capacity utilisation in industry and limited disposable income weighed down on the contribution of Value Added Tax (VAT) from local sales to revenue collection by the Zimbabwe Revenue Authority (Z...

by Oliver Kazunga

Chibuku offsets decline in lagers for Delta Beverages

22 July 2014 | 1545 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 | 10370 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 | 1294 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

'Zimbabwe could miss 6.4% growth target for 2014,' says Chinamasa

21 July 2014 | 1341 Views
Zimbabwe could miss its 6.4% growth target this year but the final number will not be as low as some international lenders have predicted, finance minister Patrick Chinamasa said yesterday.The...

by Reuters

Emirates Offers up to 30% Discount for Zimbabwe Travellers

21 July 2014 | 3142 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 | 1419 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 | 2187 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 | 1638 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 | 2565 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 | 2172 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

Zimbabwe eyes $100m from diamond sale

20 July 2014 | 1692 Views
Zimbabwe today begins auctioning nearly one million carats of diamonds at the Dubai Diamond Exchange (DDE), with anticipation high that the two-week auction will earn the country an average $100 per c...

by Kuda Bwititi

Delta Beverages taken to court over maize

20 July 2014 | 747 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 | 2668 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 | 3980 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 | 3112 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 | 3039 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

Chinamasa to court investors in UK

17 July 2014 | 1817 Views
Finance Minister Patrick Chinamasa is expected to lead a high level of Zimbabwean business executives and government officials to London as government intensifies efforts to court global investor...

by Staff reporter

Safeguard upgrades Video Alarm security system

16 July 2014 | 2031 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 | 2242 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 | 2593 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 | 2845 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 | 1896 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

Zim inflation to remain low due to falling prices

14 July 2014 | 1734 Views
THE International Monetary Fund (IMF) projects Zimbabwe's inflation to remain low at 0,2% due to falling prices but warned that deflation would also haunt the country.Deflation occurs when the...

by Staff Reporter

Reserve Bank of Zimbabwe restructures

13 July 2014 | 3026 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 | 3473 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 | 3325 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

John Love Motors shuts down

11 July 2014 | 4315 Views
JOHN Love Motors in Bulawayo yesterday closed shop after operating in the city for about 40 years amid indications the company has been facing financial difficulties.When a Chronicle news crew...

by Sifundiso Ndlovu

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

10 July 2014 | 779 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 | 3385 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 | 2438 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

ILO discusses formalising informal economy

10 July 2014 | 1059 Views
Representatives of governments, employers and workers from all over the world, including Zimbabwe, recently met at the International Labour Conference in Geneva for two weeks to come up with propo...

by Mike Hamilton

Econet threatens to cut off unregistered subscribers

09 July 2014 | 2875 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 | 2224 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

Tobacco surge 'justifies Mugabe's land grabs'

07 July 2014 | 2430 Views
Zimbabwe's biggest tobacco sales in 13 years vindicate the land transfer campaign pursued by President Robert Mugabe's government, according to Agriculture Minister Joseph Made.The more than ...

by Bloomberg

$400,000 for Bulawayo Rainbow Hotel refurbishment

07 July 2014 | 2128 Views
Rainbow Tourism Group (RTG) says it has set aside at least $400,000 to refurbish the Bulawayo Rainbow Hotel. The refurbishment follows similar exercises at Rainbow Towers and the Kadoma Hotel and ...

by Staff reporter

Telecel defaults on licence payment

07 July 2014 | 2766 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
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