Vivo Energy Completes Engen Deal
VIVO ENERGY Plc has completed a transaction with Engen Holdings (Pty) Limited, which involved an issue of 63,2 million new shares by the former, and US$62,1 million in cash. The cash element of the...
View ArticleChurch pressures firms on tax
A group of Christian church investors is planning to put pressure on companies which have no women directors or a questionable record on tax. The Church Investors Group has pension fund members with...
View ArticleZimplats royalty expenses hit $12,2m
Oliver Kazunga Senior Business Reporter ZIMBABWE’S largest platinum producer, Zimplats, has recorded a 74 percent increase in royalty and commission expenses to $12,2 million for the half year period...
View ArticleGold prices low
Gold and silver prices are lower in early US trading yesterday. Gold notched a five-week low, while silver hit a nine-week bottom. Risk-on trader and investor attitudes at present are hammering on the...
View ArticleIrrigation Boost for Buhera Families
Over 29 000 families in Buhera are set to benefit from the Tarwira Irrigation Scheme, which is expected to boost food security and household income in the district, which is one of the most affected...
View ArticleRand inflation closer to US
The narrowing inflation differential between South Africa and the US signals long-term support for the rand and local-currency bonds, according to Standard Bank Group Ltd. Consumer-price increases in...
View ArticleNSSA in door-to door company raids
BY TATIRA ZWINOIRA State-run pension fund, the National Social Security Authority (Nssa) says it will soon be conducting site visits to companies to demand outstanding contributions. In the 2017...
View ArticleRamaphosa Visit Raises Zimbabwe Revival Hopes
Harare — ZIMBABWE is eagerly awaiting the visit of South African president Cyril Ramaphosa with his tour set to culminate in the two neighbouring countries signing more bilateral agreements. Hopes are...
View ArticleRoad Works Set to Resume
Government and Harare City Council have attended to problems that had stalled some road works in Harare and Mashonaland Central Province, and work is expected to resume soon, officials have said. Road...
View ArticleGmaz to Mobilise $80m for Wheat Contract Farming
GRAIN Millers Association of Zimbabwe (GMAZ) has appointed National Wheat Contract Farming Committee (NWCFC), a technical committee to lead the winter wheat contract farming for the next three years....
View ArticleUganda Airlines eyes Harare route
BY FIDELITY MHLANGA Uganda Airlines is expected to soon join a host of other regional airlines flying into Harare. The airline, which recently acquired a fleet of planes, has put Harare on its radar...
View ArticleZimplats Royalty Expenses Hit $12,2m
ZIMBABWE’S largest platinum producer, Zimplats, has recorded a 74 percent increase in royalty and commission expenses to $12,2 million for the half year period ended December 31, 2018. During the...
View ArticleManagers can form unions: Supreme Court
BY CHARLES LAITON The Supreme Court has delivered a landmark ruling allowing managers to unionise, paving way for the registration of the Banking and Finance Manager’ Union of Zimbabwe (BFMUZ) to form...
View Article‘New currency to steer self-correction of ZSE stock prices’
BY MISHMA CHAKANYUKA Market analysts expect a self-correction of the price of stocks listed on the Zimbabwe Stock Exchange (ZSE) following the establishment of the real time gross settlement dollar...
View ArticleChurch Pressures Firms On Tax
A group of Christian church investors is planning to put pressure on companies which have no women directors or a questionable record on tax. The Church Investors Group has pension fund members with...
View ArticleUtilise Loan Facilities, Youths Told
Young entrepreneurs should make the most of the loan facilities being offered by the National Youth Empower Bank, a Government official has said. Speaking at Total Zimbabwe’s Start Upper of the year...
View ArticleBanks Defaulters to Be Revealed
The Public Accounts committee has given Zimbabwe Asset Management Corporation (ZAMCO) a two week ultimatum to reveal names of all defaulters of Non Performing Loans assumed since the asset management...
View ArticleAgric sector tops NPLs list
Africa Moyo Senior Business Reporter THE agricultural sector tops on the $1,13 billion non-performing loans (NPLs) acquired by the Zimbabwe Asset Management Company (Zamco), chalking 43 percent of the...
View ArticleZITF bookings increase 28 percent
Michael Tome Business Reporter BOOKINGS for participation at this year’s edition of the Zimbabwe International Trade Fair have increased by 28 percent to 362 from 282 recorded during the same period...
View ArticleGovt to commission 3 IPPs
Kudakwashe Mhundwa Business Reporter Government will by the end of this year commission three independent power producers (IPP’s) that are expected to contribute a cumulative capacity of 30 Megawatts...
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