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MINING & RETAIL

Mnangagwa to launch ambitious US$$12bn mining roadmap next week

PRESIDENT Emmerson Mnangagwa is set to officially launch a roadmap towards achieving an ambitious US$$12bn mining industry in the next four years as government moves to get more value from the capital...

By Staff reporter | Published: 11 October 2019

OPINION

Sell the laggards, buy disruptors

As Jorge Paulo Lemann, co-founder of 3G Capital would put it, "I've been living in this cozy world of old brands, big volumes, nothing changing very much and you could just focus on being very efficie...

By Batanai Matsika | Published: 11 October 2019

BUSINESS NEWS

'80% of Zimbabweans have no savings'

NEARLY 80% of Zimbabweans neither have savings nor an emergency fund to fall back on, a new report on workers' spending patterns says.According to a survey carried out by the Industrial Psychology Con...

By staff reporter | Published: 11 October 2019

BUSINESS NEWS

Zimbabwe business, labour confront govt over TNF

GOVERNMENT has been taken to task for failing to take the Tripartite Negotiating Forum (TNF) seriously at a time the country's economic crisis is worsening.The TNF is a social dialogue platform that b...

By Staff reporter | Published: 11 October 2019

FINANCIAL SERVICES

New Bill to revamp pensions funds set to be gazetted soon

THE upcoming Pensions and Provident Fund Bill will allow pension funds to invest up to 20% of their assets in offshore markets, but the regulator says this is subject to the fulfilment of local obliga...

By Staff reporter | Published: 11 October 2019

MINING & RETAIL

Granite miners face threat of closure

GRANITE producers are making frantic efforts to avoid a ban on exports to save their operations and jobs in the sector, businessdigest has learnt.President Emmerson Mnangagwa has tasked Industry minis...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

Mthuli Ncube taken to court over inflation figures

FINANCE minister Mthuli Ncube has been dragged to the High Court by National Social Security Authority (Nssa) employees who, in conjunction with members of the Zimbabwe Pension and Insurance Rights Tr...

By Staff reporter | Published: 11 October 2019

TRANSPORT & TOURISM

Mnangagwa reins in Matiza over NRZ

PRESIDENT Emmerson Mnangagwa this week moved to rein in Transport minister Joel Biggie Matiza over his bid to scuttle the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project by...

By Staff reporter | Published: 11 October 2019

TRANSPORT & TOURISM

Air Zimbabwe failing to attract an investor

INSOLVENT flag carrier Air Zimbabwe is failing to attract an investor, 11 months after government invited bids from potential suitors to take over the embattled entity, the Zimbabwe Independent can re...

By Staff reporter | Published: 11 October 2019

TELECOMS & TECHNOLOGY

Econet subscribers complain about nuisance texts

Econet subscribers have criticised the mobile firm for unsolicited messages advertising its Sasai App.  Sasai is a chat and payments application regarded as a challenge to the dominance of WhatsA...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

SECZ suspends stockbroker over possible abuse of client securities

The Securities and Exchange Commission of Zimbabwe has suspended stockbroker Benson Gasura to pave way for investigations into possible non-compliance with the regulator's directive on nominee account...

By Staff reporter | Published: 11 October 2019

POLITICS

Mnangagwa's advisors accused of leaking information

A RECENT report in the Daily News on the deliberations of and the goings-on within the Presidential Advisory Committee (PAC) caused President Emmerson Mnangagwa, pictured, to blow his gasket in a deve...

By Staff reporter | Published: 10 October 2019

POLITICS

Makandiwa declares national days of prayer

UNITED Family International Church (UFIC) leader Emmanuel Makandiwa has embarked on a series of prayer sessions for three days each week for an indefinite period. The sessions, to be held countrywide ...

By Staff reporter | Published: 10 October 2019

POLITICS

Zimbabwe human rights come under spotlight

A HUGE cross-section of speakers will feature in a high-powered human rights discussion forum at stand number 6996, corner Lezard Avenue and Bates Street in Milton Park, Harare tonight.The event, orga...

By Staff reporter | Published: 10 October 2019

ZSE TODAY

ZSE loses 0.03% while mid-caps continue to rally

The ZSE closed 0.03% lower after moderate losses in the highly capitalized counters. The session yielded 14 gainers and 13 fallers, with mid-caps dominating the top gainers while blue chip counters co...

By Staff reporter | Published: 10 October 2019

MINING & RETAIL

Simbisa Brands shifts focus to growing regional operations

Simbisa Brands invested ZWL$18.4 million in the year ended June 30, 19 on expansion and maintenance of its existing counters to a best-in-class standard as it forges ahead to consolidate its share of ...

By Staff reporter | Published: 10 October 2019

MINING & RETAIL

Blanket Mine sets up oxygen plant, recoveries seen at 94%

As part of its investment plans to ramp up production, Canadian based mining firm Caledonia Mining has successfully installed and commissioned a new oxygen plant at its Blanket Mine which is expected ...

By Staff reporter | Published: 10 October 2019

TELECOMS & TECHNOLOGY

Nkosinathi Ncube's good job - OneMoney grows 97%

NETONE'S mobile money transfer service, OneMoney has grown by 97 percent in the three months ending September 30, 2019, driven by unique offerings including OnePay, a bulk payment facility, an officia...

By Staff reporter | Published: 10 October 2019

TELECOMS & TECHNOLOGY

Customers rebel against Econet promo

In a development that could redefine the relationship between consumers and various service providers, Econet subscribers made an unprecedented uproar against unsolicited messages from the company adv...

By Staff reporter | Published: 10 October 2019

FINANCIAL SERVICES

Hackers wipe clean $26,000 from Cabs account

A MAKOKOBA resident was on Monday defrauded of $26 612,97 by suspected cyber criminals after they allegedly hacked his bank account by sending text messages instructing him to punch a code which gave ...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Mthuli Ncube tables ambitious revenue collection figures

TREASURY has tabled an ambitious $14 billion revenue collection target by year 2019, despite only collecting a paltry 35% of that figure in the first half of the year.Revenue collections for the first...

By Staff reporter | Published: 10 October 2019

FINANCIAL SERVICES

Fifth TBs batch on the market

THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fifth batch of treasury bills (TBs), seeking to raise ZWL$150 million to finance Government programmes. Last week, RBZ was on...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

New dates for mining indaba

THE Zimbabwe Miners Federation (ZMF) has announced November 5 and 6 as the new dates for the Semi-precious Stones Convention, which is set to be opened by President Mnangagwa. The two-day indaba, whic...

By Staff reporter | Published: 10 October 2019

MINING & RETAIL

Zimbabwe drafting new coal tariffs

GOVERNMENT has paid tribute to Makomo Resources for keeping the nation's lights on by continuously supplying coal to the Zimbabwe Power Company at a time the country's economy and coal mining sector a...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Zimbabwe ready to ride on AfCFTA opportunities

Foreign Affairs ministry secretary James Manzou has told Parliament that Zimbabwe is geared to take advantage of the opportunities to be brought about by the African Continental Free Trade Area (AfCFT...

By Staff reporter | Published: 10 October 2019
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