SA firm eyes Hwange coking coal
Martin Kadzere Senior Business Reporter ArcelorMittal South Africa has started talks with Hwange Colliery Company Limited with a view of importing coking coal from the coal miner for its steel...
View ArticleProplastics to list separately on ZSE
Golden Sibanda Senior Business Reporter MASIMBA Holdings will unbundle its plastic manufacturing division into a standalone and thereafter list it on Zimbabwe Stock Exchange in an effort to unlock...
View ArticleAtlas Mara facilitates $225m for BancABC
Conrad Mwanawashe Business Reporter LONDON Stock Exchange-listed concern Atlas Mara has raised $225 million in credit lines since it acquired a 98,7 percent stake in ABC Holdings Limited.The investment...
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Imara Holdings gets new chief executive
Business Reporter IMARA Holdings has appointed Mr Tom Gaffney as chief executive to replace founding director Mr Mark Tunmer, who has stepped down but will head the group’s local unit.Mr Gaffney had...
View ArticleRioZim woes mount
Business Reporter GOLD and diamond miner RioZim Limited sunk deeper into the red after its third straight loss almost tripled to $18,5 million on low nickel matte supply and high debt interest.RioZim...
View ArticleMixed fortunes for FBCH
Conrad Mwanawashe Business Reporter FBC Holdings Limited has recovered, with interest, every “cent” invested in Lobels Bread but suffered a $9 million loss in the divestiture from Turnall Holdings...
View ArticleNegative consequences of financial illiteracy
Sanderson Abel The country and its citizens should note that efforts aimed at improving financial literacy are very noble and need to be pursued with vigour given the associated cost of a financially...
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Govt to convert Hwange Colliery debt to equity
Mr MutamangiraMartin Kadzere Senior Business Reporter GOVERNMENT will convert Hwange Colliery’s debt to the State into equity under the coal miner’s proposed $88 million rights offer meant to reduce...
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Top World Bank strategist for accounting conference
Dr OkereBusiness Reporter A top World Bank strategist on Africa, Dr Edward Olowo Okere will headline a cast of international accountants, businessman and academics to address a conference convened to...
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Barclays Bank to increase offshore lines of credit
Barclays Bank Zimbabwe carries a clean balance sheet with NPLs well less than 2 percent of its loan bookGolden Sibanda Senior Business Reporter BARCLAYS Bank Zimbabwe is looking to increase offshore...
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Former Turnall bosses accused of fraud
Tinashe Makichi Business Reporter Turnall Holdings had to restate its 2013 accounts after an internal audit carried out at the company unearthed fraudulent transactions alleged to have been perpetrated...
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Sun sets on Shingi Munyeza
Dr Munyeza spearheaded a regional expansion programme and re-branded Zimsun Leisure, which owned the Elephant Hills and other hotels, into African SunBusiness Editor Long time African Sun chief...
View ArticleService with a smile
Zachary Aldwin Milkshake in the Boardroom If I mention the words ‘customer service’, there is an almost universal chance that you automatically think of the worst experiences you have received in that...
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NRZ to revise 2015 coal volumes target
Tinashe Makichi Business Reporter THE National Railways of Zimbabwe’s target to move five million tonnes of coal this year is likely going to be affected by inconsistent production and supply of...
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Act on President’s call
President MugabeVictoria Ruzvidzo Business Focus Zimbabweans living outside the country should take President Mugabe’s passionate plea seriously and actively participate in turning the economy around....
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Speed helps business gain unfair advantage
As a business grows the need for speed and data throughput generally increases exponentially, since additional staff generates more digital activity and overall traffic within a business, as well as...
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‘State won’t force its hand on telecoms firms’
Minister Supa MandiwanziraThe suggestion that telecommunications companies should share infrastructure is not an order but a proposal aimed at reducing operating costs and making services cheaper, a...
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Mwana bid to oust Zim directors flops
Mr Kudenga and Mr Mashangare are based in Zimbabwe where Mwana Africa has its main operations, Bindura Nickel Corporation and Mwana AfricaGolden Sibanda Senior Business Reporter AN attempt by some...
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Quest Motors launches flamboyant Chery Tiggo
Cherry TiggoTinashe Makichi Motoring Reporter The Zimbabwe local vehicle assembly industry is now showing signs of revival judging from the efforts exhibited by Quest Motors in assembling vehicles...
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GO-BET to set up betting outlets across country
Business Reporter GO-BET, a Pan-African sports betting group, plans to set up numerous betting outlets across the country with two shops already scheduled for opening by the end of this month. The...
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