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Government to meet doctors on 14 November
Government is set to meet the striking doctors of the 14th of November to discuss how to resolve the impasse that has seen the doctors not attending work for more than months. Doctors are dema...Published: 12 Nov 2019 at 17:12hrs | 2961 | by Mandla Ndlovu
Card cloning gang hits PPC Zimbabwe
FOUR men ganged up and defrauded Pretoria Portland Cement (PPC) Zimbabwe of more than US$26 500 after cloning the company's ATM card and using it to conduct illegal Point of Sale (POS) transactions at...Published: 12 Nov 2019 at 07:11hrs | 555 | by Staff reporter
Cement sales plummet
REGIONAL cement maker Pretoria Portland Cement says cement sales at its Zimbabwe unit went down between 30 and 35 percent in four months ending 30 July due to a challenging economic climate that has s...Published: 27 Oct 2019 at 05:42hrs | 3691 | by Staff Reporter
Investor activity lowly on the ZSE
Investor sentiment remained muted during the week under review, amid continued worsening economic situation. The Finance, minister Mthuli Ncube of projects Zimbabwe's GDP growth a revised -6,5% in 201...Published: 13 Oct 2019 at 07:14hrs | 208 | by Staff reporter
PPC boss steps down
Cement company PPC and its chief financial officer have "mutually agreed to separate", the company announced yesterday.PPC is listed on both the Johannesburg Stock Exchange and the Zimbabwe St...Published: 11 Oct 2019 at 06:30hrs | 400 | by Staff reporter
Mnangagwa headlines clean-up
President Mnangagwa today headlines the 10th National Clean-Up Campaign at Mzimba Shopping Centre in Chinhoyi before presiding over Chinhoyi University of Technology (CUT)'s 15th graduation ceremony. ...Published: 04 Oct 2019 at 06:57hrs | 41 | by Staff reporter
PPC turns to solar as power cuts bite
IN anticipation of rising energy costs and the challenge of sustainable supply across Africa, regional cement maker PPC is considering implementing solar photovoltaic (PV) at its factories starting wi...Published: 09 Sep 2019 at 11:49hrs | 623 | by Staff reporter
Mnangagwa invites China to invest in Zimbabwe tourism sector
PRESIDENT Mnangagwa yesterday urged Chinese investors to take advantage of available opportunities in the tourism sector, mainly in Mashonaland West and Matabeleland North provinces. He commended Zhez...Published: 24 Jul 2019 at 08:11hrs | 183 | by Staff reporter
'Zinara senior, executive managers earn hefty salaries'
REVELATIONS that executive directors at the Zimbabwe National Road Administration (Zinara) earn $6 909,50, while senior management get between $3 721 and $4 523, with the lowest paid worker at the sam...Published: 23 Jul 2019 at 08:22hrs | 1559 | by Staff reporter
ZSE to maintain dual listing for local companies
DUAL listing remains the most viable option for local listed companies and the Zimbabwe Stock Exchange (ZSE) will not dump its plan to collaborate with other offshore bourses despite the 90-day morato...Published: 12 Jul 2019 at 09:18hrs | 307 | by Staff reporter
PPC to dispose Colleen Bawn, Bulawayo houses
LOCAL cement producer, PPC Zimbabwe has said the disposal of houses at its Colleen Bawn and Bulawayo factories will be finalised during the 2020 financial year because government was still processing ...Published: 04 Jul 2019 at 08:46hrs | 1628 | by Staff reporter
PPC Zimbabwe revenue declines by 20%
PRETORIA Portland Cement (PPC) says revenue at its Zimbabwean entity declined by 20%, compared to last year, due to a weaker cement market, clinker shortages and depreciation in the functional currenc...Published: 02 Jul 2019 at 08:33hrs | 667 | by Staff reporter
Dual Listing: Fungible securities explained
Many investors are always on the lookout for new ways to make a profit, and fungible instruments allow just such a thing through the action of arbitrage. In other words, fungible securities al...Published: 01 Jul 2019 at 07:31hrs | 150 | by Staff reporter
New regulations tame bourse arbitrage window
THE 90-day disposal window of dual listed securities or shares bought by investors on the Zimbabwe Stock Exchange is a positive move as it tames arbitrage opportunities and externalisation of funds, e...Published: 27 Jun 2019 at 06:33hrs | 324 | by Staff reporter
Scrapping of multi-currency regime: The implications
ON Monday, the government announced major changes in the monetary policy of Zimbabwe, highlighted by the ending of a 10-year multi-currency system.Further measures announced include the intend...Published: 26 Jun 2019 at 07:32hrs | 3315 | by Respect Gwenzi
Rising demand pushes the ZSE
The Zimbabwe Stock Exchange (ZSE) climbed significantly during the week ended June 14 2019, on rising demand across the board. The market recorded gains for the 12th week in a row. All equity gauges t...Published: 16 Jun 2019 at 09:43hrs | 907 | by Fungai Nyaungwa
How to generate leads without an in-house sales team
Whether you are a small or large business, when you are looking to expand and see growth, the most important part is generating leads. This is the key foundation of growing any business, to always hav...Published: 07 Jun 2019 at 11:17hrs | 1091 | by Staff Writer
Bulawayo's transport network affects tourism
Bulawayo's poor transport network is negatively affecting tourism in the city, Bulawayo Publicity Association (BPA) has said.BPA recently had an opportunity to market the City of Kings and Que...Published: 10 May 2019 at 07:04hrs | 1053 | by Staff reporter
Cement shortage chokes construction industry
ZIMBABWE'S construction industry contracted by 6,3% percentage points last year due to acute cement shortages and unsustainable prices of construction materials, a Treasury report has shown.Ac...Published: 12 Apr 2019 at 06:45hrs | 219 | by Staff reporter
Parly begins probe into Mliswa Committee graft allegations
PARLIAMENT's Privileges Committee (PPC) will this Monday, begin investigations into corruption allegations levelled against some former members of the Mines and Mining Development then chaired by Inde...Published: 08 Apr 2019 at 06:29hrs | | by newzimbabwe
Zimbabwe has adequate cement - PPC
PPC Zimbabwe, proud manufacturer of building materials and solutions, would like to assure our valued customers that their favourite cement is readily available at all our stockists. We have e...Published: 07 Apr 2019 at 14:33hrs | | by PPC
Zimbabwe manufacturing sector exports up by 54%
ZIMBABWE'S manufacturing sector exports went up by 54% to US$222,6 million in 2018, buoyed by the export incentive introduced by the Reserve Bank of Zimbabwe in 2016, Industry and Commerce minister Nq...Published: 12 Mar 2019 at 06:01hrs | 492 | by Staff reporter
PPC loses $26 000 to 'card cloning' gang
FOUR men from Bulawayo have been arrested after they allegedly swindled a private company of $26 000 by cloning the company's bank card.Divine Gandawa (38), from Nkulumane 12, Farai Gandawa (2...Published: 03 Mar 2019 at 01:35hrs | 1489 | by Staff reporter
Open letter to Innocent Kufa
Dear Sir, 25 years ago I, together with my Zimbabwean partner, resolved to open a small trading business in Bulawayo offering, amon...Published: 23 Feb 2019 at 09:47hrs | 2569 | by Gordon W. McFarlane
BREAKING: Temba Mliswa steps down
Norton Member of Parliament Temba Mliswa has stepped down as the Chairperson of the Parliamentary Portfolio Committee on energy and mining development due to allegations of bribery laid against him by...Published: 07 Feb 2019 at 17:35hrs | 15022 | by Mandla Ndlovu
'Cement pricing aligned with inflationary rise'
LEADING cement manufacturer, Pretoria Portland Cement (PPC), says despite the difficult trading conditions, average cement prices in the Southern Africa region last year increased marginally by betwee...Published: 06 Feb 2019 at 22:42hrs | 3092 | by Staff reporter
5 Best Casinos in the World
The first known casino was called a gambling house and it was established in Venice, Italy in 1638, while the first gambling establishments in America were known as saloons. Regardless of their name, ...Published: 23 Jan 2019 at 12:11hrs | 421 | by Staff Reporter
Flush out money changers, says Zanu-PF
ZANU-PF members in Bulawayo have raised concern over the continued existence of illegal foreign currency dealers they claim are now operating in secret to evade arrest, and called for the re-introduct...Published: 06 Dec 2018 at 06:01hrs | 4149 | by Staff reporter
PPC hit hard by foreign currency crisis
PPC Zimbabwe Ltd is stuck with R896 million (US$64,2 million) due to its parent company after the local company failed to remit rights issue proceeds and other amounts due to the Johannesburg Stock Ex...Published: 30 Nov 2018 at 09:31hrs | | by Staff reporter
'Mliswa tried to rape my wife and kill me' says British man.
A United Kingdom based man Paul Westwood has written to President Mnangagwa alleging that Norton Member of Parliament Temba Mliswa illegally took over his companies, before threatening to rape his and...Published: 19 Nov 2018 at 15:32hrs | 6099 | by Mandla Ndlovu
Train derails in Bulawayo
A train derailed near Cement Siding in Bulawayo on Saturday.A locomotive pulling another went off the railway tracks and under unclear circumstances, and they both overturned.The crew ...Published: 18 Nov 2018 at 08:50hrs | | by zimlive
Transport ministry workers nabbed for cement theft
TRANSPORT and Infrastructural Development ministry workers along the Mushandirapamwe-Wedza Highway, who stole over 80 bags of cement and quarry stones on Friday, appeared before Marondera magistrate A...Published: 13 Nov 2018 at 05:59hrs | | by Staff reporter
Price monitoring mechanism for cement retailers
THE Government will consider directing cement manufacturers to put in place monitoring mechanisms with the view of taking stern measures against retailers selling the commodity at prohibitive prices a...Published: 04 Nov 2018 at 08:08hrs | 1151 | by Staff reporter
PPC mulls cement price increase
PPC Zimbabwe (PPC) is mulling an increase in cement prices to hedge against rising inflation, The Financial Gazette has learnt.In the wake of runaway United States dollar (USD) parallel market...Published: 18 Oct 2018 at 15:15hrs | 2584 | by Staff reporter
Retailers rip off panic-stricken consumers
Retailers reportedly ripped off panic-stricken consumers by arbitrarily hiking the cost of basic commodities despite getting supplies from manufacturers at normal prices.Moreover, tariffs for ...Published: 14 Oct 2018 at 08:08hrs | 1835 | by Staff Reporter
Panic buying will die a natural death
GOVERNMENT has said the panic buying mode being experienced across shops in major cities will soon die a natural death as people realise that the situation is not degenerating to what transpired in 20...Published: 10 Oct 2018 at 06:25hrs | | by Staff reporter
'Cement sector has excess capacity'
ZIMBABWE's cement industry has excess capacity to meet the 1,3 million tonnes annual domestic demand as the sector has an installed capacity of 2,4 million tonnes, an official has said. Last month the...Published: 05 Oct 2018 at 06:37hrs | | by Staff reporter
Zimbabwe cement demand to exceed supply in 2 years
ZIMBABWE'S cement industry could run out of capacity by 2020 as national demand grows faster than the expansion in investment, one of the major producers has said.The industry is dominated by ...Published: 01 Oct 2018 at 07:01hrs | | by Staff reporter
Cement supplies improve
THE cement supply situation has improved following a temporary shortage that hit the country early this month. Although hardware retailers have confirmed the availability of the commodity, Business Ch...Published: 24 Sep 2018 at 09:56hrs | 1005 | by Staff reporter
Mpopoma whiz kid gets scholarship
LOCAL cement producer PPC Zimbabwe has offered a Bulawayo whiz kid who got 20 points at A-Level a scholarship to study Medicine and Surgery at the University of Zimbabwe starting this year.Mkh...Published: 18 Sep 2018 at 07:06hrs | | by Staff reporter
Chamisa lived up to his word
Leader of the Movement for Democratic Change Alliance (MDC A), Nelson Chamisa, huffed and puffed during his rallies, threatening to make Zimbabwe ungovernable, if the Zimbabwe Electoral Commission (Ze...Published: 10 Sep 2018 at 06:48hrs | | by Prosperity Mzila
Economic doomsayers reprimanded
Leader of the Movement for Democratic Change Alliance (MDC A), Nelson Chamisa, huffed and puffed during his rallies, threatening to make Zimbabwe ungovernable, if the Zimbabwe Electoral Commission (ZE...Published: 06 Sep 2018 at 16:20hrs | 1683 | by Prosperity Mzila
Cement shortage: PPC calms the market
THE country's largest cement manufacturer, PPC Zimbabwe, has said the market has no reason to engage in panic buying of cement and advised retailers to act responsibly in pricing the commodity to avoi...Published: 05 Sep 2018 at 06:40hrs | 1151 | by Staff reporter
Mnangagwa blamed for failure to address 'legitimacy' issues, prices soar
THE prices of basic commodities have risen sharply since elections held on July 30 to levels that are too high for a dollarised economy.The bout of inflation is blamed on excessive government ...Published: 04 Sep 2018 at 06:50hrs | | by Staff reporter
Producers speak on cement crisis
National cement demand has surged since the second half of last year, driven by a reported bubble in mortgage and construction activity, amidst mounting supply-side challenges related to foreign curre...Published: 04 Sep 2018 at 06:37hrs | 1165 | by Staff reporter
'Technical fault behind cement shortage'
A TECHNICAL fault at the country's largest cement makers PPC Zimbabwe and Larfarge is said to be behind the recent shortage of the commodity on the market, which has seen retailers pushing the price u...Published: 04 Sep 2018 at 06:30hrs | | by Staff reporter
Cement disappears from market
A serious shortage of cement has hit Harare with the few outlets that have the product selling it at double the official price.In a snap survey yesterday, the majority of hardwares and other o...Published: 02 Sep 2018 at 09:23hrs | 674 | by Staff reporter
Investors cautious till election resolution
TRADING on the Zimbabwe Stock Exchange (ZSE) was down last week as investors were weighing their options and exercising extreme caution ahead of an announcement of the election results, trading data h...Published: 07 Aug 2018 at 07:20hrs | | by Staff reporter
Zimbabwe Stock Exchange sneeze before elections
The Zimbabwe Stock Exchange (ZSE) closed slightly lower during the last few days of official trade before the general elections set for tomorrow.After close on Thursday, the All Share Index fe...Published: 29 Jul 2018 at 09:59hrs | 285 | by Staff reporter
The construction industry - a key partner in the economic integration
The world recently witnessed the signing of the biggest free trade area by Heads of African Governments in Kigali. Signed in March this year, the African Continental Free Trade Area (AfCFTA) is the la...Published: 09 Jul 2018 at 13:49hrs | 276 | by Mokate Ramafoko
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