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First Mutual Holdings suffers US$27 million loss

Financial services group First Mutual Holdings Limited (FMHL) has reported a significant after-tax loss of US$27.11 million for the financial year ended December 31, 2024, reversing the previous year's robust profit of US$58.68 million. Th…

Published: 02 Jul 2025 at 12:05hrs | 231 | by Staff reporter

Choppies exits Zimbabwe with US$1 million loss

Botswana-based retail giant Choppies Enterprises Limited has confirmed it incurred a loss of P14 million (approximately US$1.02 million) following the disposal of its Zimbabwean operations in December 2024, citing persistent economic insta…

Published: 04 Apr 2025 at 13:39hrs | 1119 | by Staff reportetr

Pathisa Nyathi's 'death a huge loss'

The late veteran author and publisher Pathisa Nyathi has been remembered as an icon and a fountain of wisdom who dedicated his life to telling the true story of Zimbabwe through various literary forms. Nyathi passed away at a private hospi…

Published: 03 Nov 2024 at 10:21hrs | 481 | by Staff reporter

Gono company loss case continues

A key witness in the ongoing fraud trial involving a Harare couple accused of defrauding former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has stated that Gono should be summoned to court to clarify critical issues surrounding the…

Published: 26 Oct 2024 at 12:42hrs | 70 | by Staff reporter

MTN reports a monster loss

MTN Group, Africa's biggest wireless carrier by revenue, posted its first loss since 2016 after the devaluation of the Nigerian naira crimped income from one of its key markets.The group reported a loss of 7.39 billion rand ($414.7 million…

Published: 19 Aug 2024 at 07:47hrs | 517 | by Staff reporter

Mnangagwa rattled by ANC poor poll showing

President Emmerson Mnangagwa expressed concern over recent electoral setbacks faced by former liberation movements in the Sadc region, particularly noting the African National Congress (ANC) of South Africa's loss of its parliamentary majo…

Published: 28 Jun 2024 at 07:43hrs | 10 | by Staff reporter

Caps United starts season with a loss

CAPS United 0 - 1 Chicken InnJOEY ANTIPAS marked his return to the Chicken Inn dugout yesterday with a hard-fought win over CAPS United during the opening day of the 2024 Castle Lager Premiership season at Bata Stadium.The experienced gaff…

Published: 10 Mar 2024 at 06:21hrs | 1 | by Staff reporter

TelOne suffers US$7,4m loss

SATE-OWNED telecom firm, TelOne, says government's delay in paying its debt has caused a loss of US$7,4 million on its balance sheet as the local currency continues to depreciate.The Zimdollar has lost value significantly this year against…

Published: 30 Jun 2023 at 14:31hrs | | by Staff reporter

Man loses US$457 000 to bitcoin dealer

A Harare man who specialises in cryptocurrency (bitcoin) business has appeared in court for allegedly duping an eye specialist of US$457 000 in a bitcoin deal by stealing the money from his accounts.Lloyd Chiyangwa (30) appeared before Har…

Published: 07 Jun 2023 at 16:28hrs | 15 | by Staff reporter

EcoCash posts $4,76bn loss

ECOCASH Holdings Zimbabwe Limited (EHZL) has posted a $4,76 billion loss for its financial year ended February 28, 2023 owing to monetary exchange losses worth $30,1 billion linked to its failure to redeem debentures.EHZL, a mobile money s…

Published: 02 Jun 2023 at 06:44hrs | 2 | by Staff reporter

Warriors' loss, Bafana's gain

ZIMBABWE'S disqualification from participating in the 2023 Africa Cup of Nations (Afcon) qualifiers may have just opened a window of opportunity for South Africa to gain easy passage to the tourney, which will be staged in Ivory Coast.On M…

Published: 25 May 2022 at 06:39hrs | 1 | by Staff reporter

Hit hard by storms and forest loss, Zimbabweans building stronger homes

For Florence Panda, the best thing about her new house in eastern Zimbabwe is not the modern design or the size, big enough for her family of nine.It's the fact that the house is built with cement bricks and mortar, so it should stay stand…

Published: 22 May 2022 at 08:33hrs | 4 | by Staff reporter

Mnangagwa probes by-election loss

PRESIDENT Emmerson Mnangagwa last week dispatched his politburo and central committee members to Kwekwe to hear first-hand reasons why the party lost the crucial Kwekwe Central and Mbizo parliamentary seats to the Nelson Chamisa-led Citize…

Published: 09 Apr 2022 at 11:18hrs | 1 | by Staff reporter

US$137m loss sinks run-down Air Zimbabwe

NATIONAL flag carrier, Air Zimbabwe (AirZim), chalked over a US$137 million loss in four successive years which helped sink the airline deep into the abyss under the yoke of corporate malfeasance, incompetence, government interference and …

Published: 28 May 2021 at 08:00hrs | 1 | by Staff reporter

'Mugabe doctor's death a great loss'

The late senior medical consultant, Dr Kumbirai Mumbwandarikwa who died on the 11th of this month at his Borrowdale home after battling cancer has been described as one of the best medical practitioners to come out of this country.Dr Mubwa…

Published: 13 Aug 2019 at 20:10hrs | 13 | by Staff reporter

Econet swings to $106,4m loss after tax

Econet Wireless Zimbabwe Limited (EWZL) posted a loss after-tax of ZWL$106,4 million in the year ended February 28, 2019, from a profit after-tax of ZWL$132,3 million recorded in 2018 following the unbundling of Cassava Smartech Zimbabwe L…

Published: 02 Jul 2019 at 08:30hrs | 3 | by Staff reporter

ZETDC to post $18 million loss

Zimbabwe Electricity Transformation and Distribution expects to suffer a staggering $18million loss be end of the year.The utility firm partly blame the development on current tarrif structure."The issue of declining tariff had continued t…

Published: 14 Sep 2016 at 15:24hrs | 1 | by Thobekile Zhou

Sunday fixtures and the Muzi soccer predictor

Blue Ribbon vs HwangeBlue Ribbon vs Hwange- a draw is in the making here, as the visitors come into this game after a big 1-0 over Caps United. The hosts are unbeaten in their last 10 games, in which the managed 8 draws and 2 wins, the two…

Published: 28 Aug 2011 at 11:23hrs | | by Muziwethu Hadebe

U.S.$1,54 Million Loss recorded by Willdale

Listed brick maker, Willdale Ltd, recorded an operating loss of US$1,54 million, attributing its dismal performance to low capacity utilisation.In its full-year financials to September last year, Willdale said activity in the construction …

Published: 14 Jan 2011 at 20:06hrs | 1 | by Byo24News

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Air Zim, NHS scoop tourism awards

Maimane calls on SA to hold Zanu-PF accountable

E.D. Mnangagwa road to close for sewer works

Armed forces and HIV infections

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Private parts rip-off attempt, condom wearing delay rescues rape victim

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Mudenda blames opposition for sanctions

Zimbabwe's soccer nepotism falls to Mozambique

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Zanu-PF Bulawayo backs Mnangagwa beyond 2028

Spike in complaints over fake products

Erectile dysfunction man axes father to death

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China man jailed for rhino horn dealings

Warriors fans call for Nees' dismissal

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Zimbabwe to freeze civil service hiring in 2026

'Operation Dudula is a group of thugs,' says Malema

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