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Zim’s desperate gold rush sucks in cops
Police officers have joined scores of illegal gold diggers hacking away at the verdant hills in remote Matabeleland South, glimpsing an opportunity to shore up their meagre salaries, but inflicting an...
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Jayesh Shah saved by prescription in US$1 million case
By Staff Reporter The Reserve Bank of Zimbabwe. CONTROVERSIAL businessman, Jayesh Shah, has escaped theft charges arising from a transaction with the Reserve Bank of Zimbabwe (RBZ) during the Leonard...
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RioZim courts suitors
RioZim board chairman, Lovemore Chihota THE Zimbabwe Stock Exchange listed resources firm, RioZim, is courting regional and international investors to finance its proposed power station and coal...
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Cash crisis: Bond coins rule the roost
By Nyasha Chingono US$200m facility not adequate POS deficit worries local retailers No solution in short to medium-term COINS used to be for the piggy banks used by kids to save money given by their...
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March inflation edges up to 0.21 percent
HARARE, March 13 (The Source) – Zimbabwe’s year on year inflation rate for the month of March gained 0.15 percentage points to 0.21 percent, the statistics agency reported on Thursday The month on...
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Delta Q4 revenue down 15pct
HARARE, April 13 (The Source) – Beverage giant Delta Corporation on Thursday reported a 15 percent drop in revenue for the fourth quarter to March 31 compared to the previous quarter as demand...
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NBS to float housing bonds
CHINHOYI, April 13 (The Source) – The National Building Society (NBS) plans to float a series of bonds in the second half of the year as part of moves to raise $150 million for the construction of...
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Barclays deal gathers momentum
MALAWI-BASED First Merchant Bank is conducting due diligence on Barclays Bank Zimbabwe to ensure the affairs of the local financial institution are in order before a US$60 million purchase deal can be...
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AirZim planes grounded
STRUGGLING national flag carrier Air Zimbabwe (AirZim) has lurched into a new crisis after all of its five aircraft were grounded on Tuesday due to technical problems, forcing the airline to hire a...
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Zimra boss Pasi’s fate expected soon
SUSPENDED Zimbabwe Revenue Authority (Zimra) commissioner-general Gershem Pasi is expected to know his fate on several allegations, including corporate governance malpractices, massive corruption,...
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12 IPPs now operational
Engineer Gloria Magombo Business Reporter TWELVE independent power producers, out of a total of 30 IPPs licensed by the Zimbabwe Energy Regulatory Authority are now operational, but the regulator says...
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Govt rescues Sanganai/Hlanganani expo
THE Zimbabwe Tourism Authority (ZTA) has received a “substantive amount of money” from the government to fund this year’s Sanganai/Hlanganani World Tourism Expo and pay all debts incurred in previous...
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ZB shareholders to resolve dividend dispute
ZB Financial Holdings Limited (ZBFH) shareholders meet next month to resolve a dispute over the payment of a dividend to Transnational Holdings Limited (THL). BY BUSINESS REPORTER THL has 26%...
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NBS in $1m branch expansion drive
National Building Society (NBS) will this year spend $1 million in a branch expansion drive as it seeks to open three more branches, the company’s managing director, Ken Chitando, has said. BY FIDELITY...
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Retail sector to record mild growth
The formal retail sector in Zimbabwe will experience tepid growth, with the grocery retail side set to increase by 1,28% due to an increase in consumer spending, an international financial research...
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Tips to consider on Facebook advertising in Zim
According to worldwide research site, Global Stats, the giant Social Media platform, Facebook, controls 90% of Zimbabwe’s Social Media market share. This means that if your business’ Social Media...
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Govt sets US$20 cash back limit
Members of the business community have called for the establishment of a monitoring taskforce to ensure retailers comply with a new set of a cash back limit of US$20 to curb the hoarding of cash....
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ZITF 2017: Firms eye joint venture deals
Local companies are expecting joint venture deals with strategic investors at this year’s Zimbabwe International Trade Fair (ZITF) to mobilise fresh capital and expand external markets. The 2017...
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Zim businesses urged to value customer service
Zimbabwean businesses have been urged to value customer services as a way of boosting sales and increasing revenue streams. Contact Centre Association of Zimbabwe (CCAZ) southern region spokesperson...
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Sanganai to be held in September
The Zimbabwe Tourism Authority (ZTA) yesterday said it has started preparations for this year’s edition of Sanganai/Hlanganani World Tourism Expo to be held in September after getting funding from...
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