A Russian resources company hand entered the race for the acquisition of asbestos products manufacturer, Turnall Holdings.This move has raised the stakes in a bid that could see potential suitors ad...
EIGHT lucky shoppers on Saturday won a car each in the Bellevue Spar Silver Jubilee promotion.The draw was conducted at one of the group's supermarkets, Raj Spar at the Nkulumane Complex in Bulawayo...
Air Zimbabwe said on Thursday it has leased two aircraft which it will deploy on regional routes in March this year as part of its revival plans.The national carrier resumed limited flights late la...
CHISUMBANJE - The multimillion dollar ethanol project in Chisumbanje is set to re-open after villagers and the company agreed on a wide range of issues meant to avert social disaster in Chipinge.Agr...
Government recently approved restructuring proposals that will transform the shareholding structure in POSB and lead to the possible listing of the bank on the Zimbabwe Stock Exchange (ZSE), State E...
Delta publishes a trading update for the quarter ending December 31 2012 saying revenue for the quarter October to December is up 14% and 16% year to date supported by improved mix and minimal pri...
Econet Wireless Zimbabwe (Econet)'s share price yesterday advanced 5,11 cents to close at 485,11 cents on the Zimbabwe Stock Exchange (ZSE) as the mobile network operator hit eight million subscribe...
The country's biggest shoe manufacturer, Bata Shoe Company, has been hit by a raw hides shortage which has seriously affected production at its Gweru factory.The shortage comes after suppliers incre...
New Dawn Mining announced an illegal and unprotected work stoppage at its Dalny Mine in Zimbabwe. The Company said it is currently dealing with this work stoppage in accordance with Zimbabwe la...
Gold production at Blanket Mine in Gwanda increased 27 percent to 45 623 ounces last year compared to 35 826oz during the same period in 2011.The gold mine, which is partly owned by Caledonia Mining...
CLOSE to 800 disgruntled wives of RioZim's Renco Mine workers in Masvingo on Monday brought operations to a halt when they took to the streets demanding their husbands' annual bonuses and better wor...
Econet Wireless Zimbabwe says it has invested over US$50 million in its mobile phone based money transfer service, EcoCash, creating more than 5 000 jobs. The mobile telecommunications company said...
Econet customers will soon be able to buy the latest generation phones, known as smartphones, and tablets such as i-Pads on 24 month instalments following the creation of a special credit facility ...
The festive season once again saw a bumper rise in Econet subscribers with the company reporting that it has crossed the 8-million level for the first time, supported by the recent introduction of B...
Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere is mounting pressure on foreign-owned banks to comply with the empowerment laws as no company will be spared from the in...
Government has given Innscor Africa a seven-day ultimatum to submit a comprehensive indigenisation implementation plan after authorities adjudged that the group of companies was taking long to compl...
SECURITIES Commission of Zimbabwe (SECz) has opened a formal inquiry into possible share price manipulation by Imara Edwards (Imara) following a share price rally between October 2, 2012 and Novemb...
ECONET Wireless Zimbabwe (Econet) has lashed out at banks for proposing amendments to government's banking reforms to include mobile money service providers, saying it was a selfish attempt by a cl...
IMPALA Platinum Limited is expected to sign the terms of the sale of a majority shareholding in its local unit, Zimbabwe Platinum Mines, today, a Cabinet minister has announced. Youth Development, I...
THE Government has issued operating licences to three local companies that are expected to fly before the end of the year.In an interview yesterday, Permanent Secretary in the Ministry of Tran...
Turnover for the twelve months was 25% up on the corresponding nine month period resulting in an operating profit of $2.382 million which was 19% greater than the nine month period reflecting a sta...
ZIMBABWEAN banks are prepared to lower lending rates and bank charges but are unlikely to meet recommendations by fiscal and monetary authorities. Banking sources said while no agreement had y...
ECONET Wireless Zimbabwe is proceeding with its plans to acquire the entire shareholdings in TN Bank through a share swap deal, the company said yesterday. Econet, which currently holds 45 percentsh...
Powerspeed has been building its business around retailing, through the Electrosales brand, as the operating environment has been difficult for manufacturing, MD Hilton Macklin told an analyst brie...
ZESA Holdings has installed 55 000 prepaid meters in domestic premises countrywide since August last year as it snails towards covering all its 600 000 customers in the next five months. The power u...