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Retailers dump Zimdollar
RETAILERS in Harare have dumped the Zimbabwe dollar and are demanding payment in United States dollars for a number of basic goods such as cooking oil and dairy products.Some large wholesalers...Published: 28 Apr 2022 at 09:05hrs | 1 | by Staff reporter
Surface Wilmar's plant 75% complete
THE country's biggest cooking oil manufacturer, Surface Wilmar says its US$24 million plant that is under construction in Harare will commence production in September.The plant was shut down i...Published: 06 Apr 2022 at 06:30hrs | 10 | by Staff reporter
Surface Wilmar in US$50m Olivine revival plan
THE country's biggest cooking oil manufacturer, Surface Wilmar has put in place a revival plan for Olivine Industries, which will result in a US$50 million upgrade of the Willowvale plant in Harare....Published: 01 Apr 2022 at 09:15hrs | 7 | by Mukunda Chitova
IDC throws out bids for Deven
TWO local companies seeking a shareholding in Deven Engineering had their bids thrown out after they failed to offer the "best value for money" for the coach builder.Deven's core competence is...Published: 22 Nov 2021 at 05:50hrs | 11 | by Staff reporter
Mnangagwa ally turns US$22m glass firm into cattle pen
PROMINENT Gweru businessman Douglas Makwande has set himself on a collision course with the Gweru City Council after converting premises of Zimbabwe Glass Holdings (Zimglass) into a cattle pen for his...Published: 11 May 2021 at 16:45hrs | 10 | by Staff reporter
Zimdollar maintains stability
THE Zimbabwe dollar continues to maintain stability on the official weekly foreign currency exchange auction system with marginal fluctuations against the greenback exhibiting market confidence in the...Published: 08 Apr 2021 at 08:42hrs | 11 | by Staff reporter
800 companies benefit from Foreign Currency Auction
Close to 800 companies have benefited from the weekly Foreign Currency Auction Trading System where a total of US$639,5 million has been allotted since the introduction of the platform in June last ye...Published: 25 Mar 2021 at 05:36hrs | 2 | by Staff reporter
Surface Wilmar resumes operations
ONE of Zimbabwe's largest cooking oil manufacturers, Surface Wilmar has resumed operations after receiving foreign currency support from the Reserve Bank of Zimbabwe to kick-start operations. ...Published: 27 May 2019 at 06:28hrs | | by Staff reporter
Olivine shuts down margarine plant
AGROPROCESSING firm, Olivine Industries Private Limited, has closed its margarine plant, management has confirmed. Olivine used to produce Buttercup margarine, Olivine cooking oil and jade soap among ...Published: 08 Apr 2019 at 06:35hrs | | by Staff reporter
National dialogue deadlock: Hope keeps eluding Zimbabwe
NATIONAL dialogue meant to unite Zimbabweans around a common vision has failed to gain traction as the leading political parties have taken deeply entrenched hardline positions, plunging the country d...Published: 15 Feb 2019 at 08:22hrs | 1 | by Staff reporter
Zimbabwe banks plunge deeper into forex crisis
A vendor counts money at a vegetable street market in Caracas, Venezuela, on Wednesday, Aug. 17, 2016. Venezuela's imports from its six biggest trading partners including Brazil, the U.S., China, Arge...Published: 01 Feb 2019 at 14:06hrs | 1 | by Staff reporter
'Govt subsidies for private players not sustainable'
Government has been warned against clandestine price controls being effected through its stranglehold on foreign currency allocation.Economic analysts said there were companies that were being...Published: 27 Jan 2019 at 19:18hrs | | by Staff reporter
MDC-T statement on fuel increase and labour crisis
CONSIDERING the challenges that our nation is facing, the press conference by the President of Zimbabwe Emmerson Mnangagwa last night, showed the world how our current government is detached from real...Published: 13 Jan 2019 at 08:33hrs | | by Linda Tsungirirai Masarira
Olivine Industries shuts down
Olivine Industries has announced that it will not be opening its manufacturing plant and its employees are on indefinite leave due to lack of raw materials.Olivine Industries is the producer o...Published: 11 Jan 2019 at 19:09hrs | 6 | by Mandla Ndlovu
Forex shortages cripple cooking oil maker
Surface Wilmar, the country's largest cooking oil manufacturer, says it owes its external suppliers US$22 million because of acute foreign currency shortages locally.The revelations were made ...Published: 11 Nov 2018 at 12:24hrs | 1 | by Staff reporter
Mthuli Ncube probes cooking oil shortages
Finance minister Mthuli Ncube has commenced touring manufacturing firms, starting with a visit to Surface Wilmer, the largest cooking oil manufacturer in Zimbabwe.Surface Wilmar (Pvt) Ltd, sit...Published: 04 Nov 2018 at 12:40hrs | 7 | by Staff reporter
Government in bid to recapitalise Olivine Industries
The government is considering selling part of its stake in Olivine Industries to an external investor to raise foreign currency towards recapitalising operations.The tour of the cooking oil ma...Published: 03 Nov 2018 at 08:42hrs | | by Staff Reporter
Mthuli Ncube starts #Zimbabwe industry tour with visit to Surface Wilmer, largest cooking oil manufacturer in Southern Africa
Minister of Finance Prof Mthuli Ncube visits Surface Wilmer who are the largest producer of edible oils in #Zimbabwe, largest cooking oil manufacturer in Southern Africa, & are also partners with ...Published: 02 Nov 2018 at 20:08hrs | | by Agencies
Command Agriculture requires $1,3 billion
Zimbabwe's main agro-import substitution programme, commonly referred to as Command Agriculture, requires close to $1,3 billion to take off as the country steps up efforts to raise local production an...Published: 27 May 2018 at 10:08hrs | 10 | by Staff reporter
Mugabe's full speech - Let's shun corruption, regionalism, nepotism
Address by his excellency the President of the republic of Zimbabwe, Comrade RG Mugabe on the occasion of Zimbabwe's 36th Independence Day celebrations, harare, yesterday. H...Published: 19 Apr 2016 at 07:19hrs | 24 | by RG Mugabe
List of companies that are currently offering apprenticeship
The Deputy Minister of Higher and Tertiary Education, Science and Technology Dr Gandawa yesterday released a list of Zimbabwean companies that currently offer apprenticeship.The companies recr...Published: 20 May 2015 at 20:35hrs | 130 | by Ndou Paul
Econet mulling a major restructuring exercise
ECONET Wireless Zimbabwe (EWZ) is believed to be mulling a major restructuring exercise through which a sizable chunk of its workforce will be laid off while some business units will be consolidated i...Published: 17 May 2015 at 10:52hrs | 2 | by Staff reporter
Policeman shoots self in kombi chase
A traffic cop shot himself on his left leg when his service pistol accidentally discharged while chasing a fleeing commuter omnibus along Plymouth Road in the Southerton industrial area of the capital...Published: 03 Mar 2015 at 06:42hrs | 1 | by Owen Chirikure
ZimAsset just a 'pie in the sky'
HARARE - Exactly a year after the 2013 harmonised elections which were controversially won by Zanu PF, Zimbabweans are now worse off than they were before the polls.Analysts say the much...Published: 05 Aug 2014 at 09:29hrs | 2 | by Staff Reporter
'Only God can save Zimbabwe,' says Prophet Makandiwa
Prophet Emmanuel Makandiwa has said Zimbabwe's ailing economy would soon be revived through God's intervention.The celebrity preacher told a capacity crowd of over100 000 attending Jud...Published: 22 Apr 2014 at 08:13hrs | 1 | by Staff reporter
StanChart orders IDC to close its bank account
Foreign-owned bank Standard Chartered Zimbabwe has ordered the Industrial Development Corporation to close its bank account with the institution next month, an executive told a parliamentary committe...Published: 29 Jan 2014 at 05:25hrs | 3 | by Staff reporter
Will 2014 usher in an Egypt style revolution in Zimbabwe Part 2
Crane Brinton's Theory of Revolution Historian Crane Brinton argues that the revolutionary "fever" begins with certain "symptoms." It is only right and ...Published: 13 Jan 2014 at 05:07hrs | 4 | by Dr Clifford Chitupa Mashiri
'Goche's intimidation of the civil servants is totally unacceptable' - MDC-T
The Morgan Tsvangirai led MDC today [Friday] said threats made this week by the Minister of Public Service, Labour and Social Welfare, Nicholas Goche against civil servants who intend to engage in...Published: 10 Jan 2014 at 11:18hrs | 1 | by Moyo Roy
Delta shares hit $1,30 for the first time
Delta shares closed at their all-time best level of 130.01c on Monday ahead of the release of March finals next week and helped the Industrials hit a new all time high of 192.68. But volumes remained ...Published: 06 May 2013 at 11:59hrs | 1 | by Business reporter
ZSE Market Report:- Industrials rises as blue chips rebound
ZSE's heavily capitalised counters rebounded on Tuesday to help Industrials recover from losses recorded in the past 2 sessbns as buyers trickled back into a few selected counters.The ...Published: 19 Feb 2013 at 11:18hrs | | by Business reporter
Restructuring of Zimbabwe parastatals slow: Moyo
THE restructuring process of identified public enterprises has been slow partly because of lack of commitment from the line ministries and management of the enterprises, a Cabinet Minister has said....Published: 09 Dec 2011 at 06:16hrs | 1 | by Staff reporter
Buy Zimbabwe Christmas promo set for November
The Buy Zimbabwe Christmas promotion which is scheduled for November as a month-long promotion running into December, promises lots of excitement not only to consumers but for the retailers, financia...Published: 07 Oct 2011 at 05:40hrs | 1 | by Robert Muganda
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