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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...Read more

Government in bid to recapitalise Olivine Industries

03 November 2018 | 301 Views
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...

by Staff Reporter

Zuva Service Stations lose trading licence

30 October 2018 | 20347 Views
The government today revoked service stations licence for Zuma Petroleum accusing the company of overcharging customers.In a Press Briefing to the Media after today's Cabinet meeting, Minister...

by Mandla Ndlovu

Mastercard reinforces commitment to drive Digital Transformation Agenda in Zimbabwe

22 October 2018 | 2749 Views
Harare, Zimbabwe, 22 October 2018 - Mastercard President and CEO, Ajay Banga, this week visited Zimbabwe to show Mastercard's strong support for the country's drive to create a new wave of digital pay...

by Agencies

Security companies accused of stealing

21 October 2018 | 672 Views
An organisation representing security guards has accused security companies of stealing workers' dues.Zimbabwe Network for Social Justice (ZimJustice) said companies were swindling workers due...

by Stephen Jakes

First Mutual engaging Finance Minister for allocation of foreign currency

12 October 2018 | 1158 Views
First Mutual Health Care has said it is engaging Finance minister Mthuli Ncube for the allocation of foreign currency  to healthcare service providers for drugs and consumables.This the o...

by Stephen Jakes

British Airways no longer accepting RTGS payments, only accepting credit cards

09 October 2018 | 2291 Views
British Airways has temporarily limited the distribution of ticketing authority meaning that the airline has stopped accepting real-time gross settlement (RTGS) transfers for the purchase of tickets. ...

by Sithabile Mafu

Acute foreign currency shortage erodes RioZim earnings

02 October 2018 | 220 Views
RESOURCES group RioZim Limited's profit after tax dropped by 86% to $406 000 in the six months to June 30, from $2,9 million last year, despite higher gold production after the central bank failed to ...

by Staff Reporter

Ingwebu looks to go national

30 September 2018 | 707 Views
BULAWAYO brewer, Ingwebu Breweries is seeking to expand beyond the southern parts of the country while it also fortifies its present markets as part of a survival and growth strategy meant to pluck th...

by Staff reporter

RioZim gold output up 18%

28 September 2018 | 473 Views
RioZim posted a revenue growth of 17 per cent in the six months to June owing to increased gold production from Dalny, Cam and Motor and Renco Mines supported by firm gold prices.The group's d...

by Views Matopo

Accessing alarm system remotely enhances home or office security

25 September 2018 | 686 Views
It is now possible to use a smart phone to activate and control one's security alarm system from anywhere, provided the phone has an internet connection, utilising Safeguard's Smart Home system....

by Agencies

Giant stationery Manufacturer Re-Opens But...

20 September 2018 | 2229 Views
The giant stationary manufacturer Marvo is set to re open next week on Monday.Workers who were stopped working some time ago said they were told that the company is re-opening."The ove...

by Stephen Jakes

Telecel gives away over $30 000 worth of cash prizes

17 September 2018 | 1182 Views
Mobile Operator Telecel Zimbabwe gave away over $30 000 worth of cash prizes for the ongoing Cash Galore promotion, Check and Win promotion as well as the just ended Footie Trivia challenge.Th...

by Agencies

Old Mutual opens eighth one-stop-shop branch in Chinhoyi

17 September 2018 | 1310 Views
Chinhoyi, Zimbabwe - One of Zimbabwe's largest financial service companies, Old Mutual, today opened their eighth one-stop-shop branch in Chinhoyi to offer clients their main financial and banking ser...

by Agencies

Air Zimbabwe sued over debt

15 September 2018 | 385 Views
SAFEGUARD Security Services (Pvt) Ltd, has petitioned the High Court seeking an order to compel Air Zimbabwe to settle a $47 164 debt for security services rendered at the Robert Gabriel Mugabe Intern...

by Staff Reporter

Zimnat launches innovative billboard campaign

13 September 2018 | 1029 Views
Zimnat has launched an innovative advertising campaign to let people know some of the ways in which it can make their life better, through the customer friendly insurance and finance services it offer...

by Agencies

Safeguard introduces attractive steel sectional garage doors

10 September 2018 | 937 Views
Safeguard Security has introduced to the Zimbabwean market steel fluted sectional garage doors, which are not only secure but aesthetically pleasing to look at. The doors, which can meet any s...

by Agencies

ZBC makes new appointments

04 September 2018 | 3680 Views
The Zimbabwe Broadcasting Corporation (ZBC) has made new appointments as follows:...

by Staff Reporter

Water woes stall Steel Makers' re-opening

04 September 2018 | 337 Views
THE prevailing water shortage in Masvingo has stalled the re-opening of Steel Makers Sponge Iron plant. Masvingo city has been battling a serious water shortage following the breakdown of two pumps at...

by Staff reporter

Stanbic calls for economic reforms

03 September 2018 | 783 Views
STANBIC Bank (Stanbic) has called for currency reforms and measures to support industrial growth, foreign currency generation and price stability in order to put an end to "turbulence in the operating...

by Staff reporter

NRZ defends Transnet deal

27 August 2018 | 2215 Views
National Railways of Zimbabwe (NRZ) has allayed fears that it might have entered into a questionable deal with Transnet, following the issuing of suspension notices to three top officials who were all...

by Staff Report

Baker's Inn to sink $20million into bread production

26 August 2018 | 1284 Views
CONFECTIONERY giant, Baker's Inn, will invest over $20 million towards putting up additional plants at its Bulawayo and Harare factories next year as it seeks to further ramp up production to meet the...

by Staff Reporter

Telecel launches new weekly data bundles

24 August 2018 | 1376 Views
Mobile Network Operator Telecel Zimbabwe, which is reputed for leading the market in giving subscribers best value for money has done it again and announced the launch of another exciting data offerin...

by Agencies

Old Mutual investment returns on listed equities down

23 August 2018 | 269 Views
Old Mutual Zimbabwe (Old Mutual) has reported that profit after tax tumbled 40% to $53,9 million in the first half of 2018 from $89,3 million in the comparable period last year mainly due to a decline...

by Staff reporter

Old Mutual half year operating profit up 27%

21 August 2018 | 376 Views
Old Mutual Zimbabwe's Group CEO has announced, during the company's half-year analyst briefing, an operating profit of $34.3 million representing  growth of 27% for the first half of 2018....

by Agencies

Old Mutual repositions its brand and readies for growth

21 August 2018 | 374 Views
Following its primary listing on the Johannesburg Stock Exchange (JSE), and secondary relisting on the Zimbabwe Stock Exchange in June 2018, Old Mutual has unveiled a vibrant new brand identity, to re...

by Agencies

Simbisa to expand Nando's footprint countrywide

21 August 2018 | 604 Views
Simbisa Brands, a Zimbabwe Stock Exchange-isted (ZSE) fast foods operator, is on drive to expand the footprint of the Nando's brand to meet growing demand for its services.Simbisa Brands chief...

by Staff reporter

Moti Group, ZMM deal to boost chrome output

19 August 2018 | 552 Views
Chrome output by small-scale producers is projected to hit one million tonnes, a triple jump from 200 000 tonnes at present, under a funding deal with South Africa's Moti Group, which operates African...

by Staff reporter

Steward Bank launches revolutionary app called Square World

15 August 2018 | 3189 Views
Steward Bank Zimbabwe has launched a Housing Development Scheme and Mobile Banking Application targeted at Zimbabweans living abroad.The mortgage facility will be available at zero deposit, on...

by Agencies

UBM shuts down after 50 years

15 August 2018 | 3855 Views
United Builders Merchants (UBM) has shut down after operating in Zimbabwe for the past 50 years.According to employees who spoke to the Daily News on condition of anonymity, UBM management ann...

by Staff reporter

Ship goods to Zimbabwe from UK for less

10 August 2018 | 3663 Views
SmartWuhn Logistics is pleased to be able to offer a door to door delivery service from the UK to cities and major towns in Zimbabwe.We ship cars, cars parts, household items, e.t.cOur...

by SmartWuhn Logistics

NMB promotes growth of SMEs

09 August 2018 | 837 Views
NMB Bank has urged small to medium sized businesses to take advantage of the advisory and financial services its Small to Medium Enterprises (SME) Banking Unit offers them to help grow their enterpris...

by Agencies

Ziscosteel resuscitation begins

31 July 2018 | 1427 Views
The resuscitation of the giant steel company, Ziscosteel, has taken a giant leap forward following the ground breaking ceremony of a coke plant at the steel giant by Industry, Commerce and Enterprise ...

by Staff Reporter

Mnangagwa urges sensitivity in mining operations

25 July 2018 | 607 Views
PRESIDENT Emmerson Mnangagwa has urged mining companies to adhere to the country's environmental laws to avoid land degradation and environmental pollution during their operations.Speaking dur...

by Staff reporter

Platinum project to create 90 000 jobs

25 July 2018 | 524 Views
President Mnangagwa yesterday officially launched the $4,2 billion Karo Resources consolidated platinum project in Mhondoro-Mubaira, which is set to create a combined 90 000 jobs as Government steps u...

by Staff reporter

Mnangagwa signs deal to reopen steel plant in Masvingo

24 July 2018 | 2112 Views
President Emmerson Mnangagwa says the re-opening and expansion of a steel plant in Masvingo will promote value addition and create employment.He said in Harare this evening during at a signing...

by Staff reporter

Mnangagwa commissions $4,2bn platinum project

24 July 2018 | 1692 Views
President Emmerson Mnangagwa has officiated at the ground breaking ceremony of a $4,2 billion platinum mining project at Karo Resources' Mhondoro-Ngezi mining site, where he noted that projects of thi...

by Staff reporter

Fastjet inaugural flight lands in Bulawayo

21 July 2018 | 2840 Views
Africa's airline for everyone, fastjet, received a traditional airline welcome with a fire truck salute yesterday morning when our first flight landed in the City of Kings. Fastjet now offers daily fl...

by Agencies

Unki production up 8,0%

19 July 2018 | 897 Views
ANGLO American Platinum on Thursday said it's Zimbabwean unit, Unki Mine, increased its platinum group metals production by 8,0 percent to 46 800 ounces in the second quarter due mainly to increased c...

by Staff reporter

MTN executive quits

19 July 2018 | 1768 Views
MTN today announced the resignation of Stephen van Coller, Vice President of Digital Services, Data Analytics and Business Development with effect from 31 August 2018. Stephen has resigned to take up ...

by Staff reporter

Safeguard brings automated traffic barrier spikes to Zimbabwe

17 July 2018 | 2406 Views
Safeguard Security's Engineering division has introduced to the Zimbabwe market high security automated retractable traffic barrier spikes, which can be used for traffic control, preferably in conjunc...

by Agencies

UK stockbroker to woo FDI to Zimbabwe

16 July 2018 | 254 Views
The Securities and Exchanges Commission of Zimbabwe (SECZ) has licensed a new strockbrocking firm, Morgan & Co, owned by British investors and two indigenous partners, which has pledged to influen...

by Staff reporter

Fly Africa set to lose property over debt

14 July 2018 | 457 Views
Fly Africa is set to lose property over a $17 295 debt owed to a former employee who recently obtained a writ of execution against the airline, following a court order issued by High Court judge Justi...

by Staff rpeorter

Mimosa Mining Company warns public over fake jobs and training offer scam

13 July 2018 | 1387 Views
Mimosa Mining Company has warned public of on going job and training offer scams which are circulating.In a notice the company said  it would like to refute false adverts and messages ove...

by Stephen Jakes

Delta revenue jumps 40%

13 July 2018 | 529 Views
DELTA Corporation Limited has reported a 40% increase in revenue as a result of an upsurge in all its beverage categories which was driven by higher consumer demand during the first quarter of the yea...

by Staff reporter

Radisson Blu hotel construction begins in Harare

12 July 2018 | 2295 Views
One of the world's largest hospitality groups, Carlson Rezidor in partnership with local hospitality firm, Streamwalk, has started construction of a Radisson Blu Hotel along Samora Machel Avenue in Ha...

by Staff reporter

Fastjet to launch daily flights between Harare and Bulawayo; first flight scheduled for 20 July

11 July 2018 | 3441 Views
Harare: fastjet, Africa's affordable airline for everyone, announced today that it will commence daily flights between Harare and Bulawayo from 20 July 2018. Ticket sales are already open on fastjet.c...

by Agencies

Brands and stores affected by Edcon's new recovery plan

05 July 2018 | 884 Views
Edcon Holdings' latest recovery plan includes closing chains including Red Square cosmetics and La Senza lingerie and attempting to lure their customers to its flagship Edgars clothing stores....

by Bloomberg

British banker opens stockbroking firm in Zimbabwe

05 July 2018 | 2733 Views
A consortium of British fund managers, led by Nigel Little, has been approved to open stockbroking firm in Zimbabwe, the ...

by Staff reporter

NMB Bank assists orphans in Dzivarasekwa

05 July 2018 | 314 Views
NMB Bank last week handed over food items and cooking pots to the Dzikwa Trust, a charitable organisation in Harare's Dzivarasekwa suburb that assists and empowers orphans and vulnerable children from...

by Agencies

Ecocash causes stir in Zimbabwe as customers cry foul of being swindled of their money

04 July 2018 | 4322 Views
The Econet mode of money transfer, Ecocash has caused a stir in Zimbabwe since Monday as many users of the mode of transfer complain that they are failing to buy goods using it.Some complained...

by Stephen Jakes

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