Zapu Says Mugabe’s U.S.$10 Million Package Equals Asset Stripping
Government’s $10 million package to former President Robert Mugabe is nothing short of “asset stripping”, Zapu leader Dumiso Dabengwa has said. In his party manifesto ahead of elections expected later...
View ArticleHwange losses down 51 percent
Business Reporter LISTED coal miner Hwange Colliery Company Limited reduced its loss by 51 percent to $43,8 million in the year to December 31, 2017, from $89,9 million recorded in the previous year on...
View ArticleWhy Africa’s free-trade area offers so much promise
African leaders recently signed a framework establishing the African Continental Free Trade Area (AfCFTA), the largest free-trade agreement since the creation of the World Trade Organisation (WTO). The...
View ArticleGold prices rise
BENGALURU. — Gold prices rose yesterday as the dollar eased amid renewed concerns over a trade war after China imposed additional tariffs on U.S. products in response to U.S. duties on imports of...
View ArticleOil price jump
NEW YORK. — Oil prices seesawed at the start of the week before jumping close to multi-year highs on geopolitical concerns, with Brent hitting $70 and WTI at $65. However, geopolitical pressure is only...
View ArticleMasimba projects cautious outlook
LISTED construction company Masimba Holdings has projected a cautious outlook for its operaions in this year on account of persistent foreign currency constraints that are hampering most business...
View Article‘Harare commercial property sector to expand’
Borrowdale and Mount Pleasant provide Harare’s top office stock, with the level of commercial properties in the two suburbs likely to expand in the near future, according to a new Africa-wide report by...
View ArticleUnifreight posts $2,1 million pre-tax profit
ZIMBABWE Stock Exchange listed transport and logistics company Unifreight Africa posted before tax profit of $2,1 million from continuing operations in the year to December 31, 2017. This profit...
View ArticleNRZ revival to ease HCCL transport costs
Hwange Colliery is a majority state-owned coal miner listed on three stock exchanges — Zimbabwe, Johannesburg, and London. In February, the NRZ took delivery of locomotives, passenger coaches and 157...
View ArticlePOS machines demand surges
Zimbabwe’s financial sector has since January experienced over 60 percent rise on point of sale machines (POS) inquiries from industry and commerce with revelations that banks are battling to source...
View ArticleUS$520m deals sealed in China
Two Zimbabwean companies, Platinum Agriculture and Princewood Enterprises have sealed three deals to the tune of US$520 million for the procurement of mining, irrigation and other agriculture...
View ArticleMaking sense of differences between evidence and experience
While there is an increase in emphasis on evidence-based policy, evidence-based medicine and evidence-based this and that, people’s collective experiences may be more powerful than evidence alone. By...
View ArticleGovt intensifies business reforms
Directors, who engage in fraudulent, reckless or grossly negligent conduct of business will be held accountable, while the concealment of beneficial ownership of shares through the use of nominees will...
View ArticleChinese looters off the hook
Government has said taking action against Chinese looters will be tantamount to being xenophobic, as other foreign nationals and locals had also spirited cash out of the country. BY TATIRA ZWINOIRA...
View ArticleZPI sells Zimre Centre
ZIMRE Property Investment Limited has sold off its flagship — Zimre Centre in Harare — for $10,8 million with the proceeds earmarked for the development of the Victoria Falls and Bulawayo projects. BY...
View ArticleZPI sells Zimre Centre
ZIMRE Property Investment Limited has sold off its flagship — Zimre Centre in Harare — for $10,8 million with the proceeds earmarked for the development of the Victoria Falls and Bulawayo projects. BY...
View ArticleGloves off in NSSA crisis
THE gloves are off in the crisis engulfing the National Social Security Authority (NSSA), which culminated in the sacking of board chairman Robin Vela last week. Mr Vela was dismissed by Labour and...
View ArticleRioZim to explore for diamonds
Taurai Mangudhla Senior Business Reporter ZIMBABWE Stock Exchange-listed miner RioZim expects to start exploration for diamonds this month on its 3 000-hectare piece of land in Chivi, as the group eyes...
View ArticleGold edges lower
LONDON. – Gold prices edged lower on Tuesday, having surged in the previous session as falling US stock markets and fears of a global trade war pushed investors towards safer assets. Spot gold was down...
View ArticleRand firms
JOHANNESBURG. – South Africa’s rand opened firmer on Tuesday as the greenback dipped slightly with some traders opting for short-dollar positions as the scandal around President Donald Trump...
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