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Zimasco shuts down Kwekwe refinery
Martin Kadzere and Tinashe Makichi ZIMASCO, a unit of China’s Sinosteel Corporation has completely stopped operations at its ferrochrome refinery in Kwekwe after switching off furnace number five and...
View ArticleGold loses luster for third straight year as investors sell
SINGAPORE. — Gold’s image as a haven asset has taken a battering with the metal heading for its third-straight annual loss amid the sale of gold-backed funds by investors.Bullion for immediate delivery...
View ArticleOld infrastructure cripples NRZ
The National Railways of Zimbabwe (NRZ) says it missed its target to move 5,3 million tonnes of freight this year due to a combination of internal and external challenges.Old infrastructure and fleet...
View ArticleHow to Slide into 2016
As most people look back into 2015, they wonder how they made it through to the end. This should however not be a barrier to your dreams of brighter days in 2016.The few following tips will help you...
View Articleartisanal miners call for transparency
Conrad Mwanawashe Business Reporter ARTISANAL miners have called for transparency in the allocation of mining claims saying the current system favours only the rich. The artisanal miners alleged that...
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What ministers said in 2015
Samuel UndengeBusiness Reporter During 2015 a lot of work was carried out from mines to industry to power to finance and the banking sector. Various Government ministries were involved in crafting up...
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Mercedes-Benz C-Class: Force to reckon with
Mercedes-Benz C-ClassTinasheMakichi Motoring Correspondent The 2005 Mercedes-Benz C-Series remains the most well-known luxury models on the market for good reasons. The past few years have seen...
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Short run benefits from rand depreciation
Mr NenePersistence Gwanyanya The rand is in the throes of a bear run, which may last for a long time. Since 2012, the rand, along with a number of emerging markets currencies has generally been...
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South African rand slips, stocks weaker
SA randJOHANNESBURG, — South Africa’s rand weakened by more than half a percent yesterday as the dollar extended gains on the back of a slide in global oil prices. Stocks declined a fourth straight day...
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ZSE closes year in negative territory
Business Reporter THE Zimbabwe Stock Exchange indices closed the year in the negative territory, with both industrials and minings recording significant annual losses. The Industrials Index slumped...
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AfDB okays $1,5m for leather sector
AFDB HEADQUARTERS IN TUNISMartin Kadzere Senior Business Reporter THE African Development Bank has approved $1,5 million support for Zimbabwe’s beef and leather industries. The objective of the...
View ArticleSugar heads for first gain in five years
NEW YORK. – After four bitter years, sugar mills can look forward to sweeter prospects in 2016.Prices have rebounded 50 percent since reaching a seven-year low in August. The market has finally swung...
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Zim turns to fossil energy, as drought bites
Zimbabwe’s main hydroelectric power plant at Kariba is failing, forcing the southern African nation to turn to dirtier fossil fuel-based energies to make up for the deficitJeffrey Gogo Climate Story...
View ArticleAs oil slumps, emerging markets bear the brunt
SINGAPORE. — Sentiment toward emerging-market assets turned more bearish as oil slumped below $36 a barrel and concern lingered that the slowdown in China will affect global growth.Measures of...
View ArticleRTG online platform boosts tourism growth
Rainbow Tourism Group (RTG) says the RTG Online Auction platform has since inception in June last year contributed positively to the group’s domestic tourism growth.RTG auctions enable customers to bid...
View Article2015: Forgettable year for ZSE
2015 was a forgettable year on the Zimbabwean Stock Exchange (ZSE). Trades have declined drastically, and so too has the exchange’s market capitalisation. So much has been written on this subject by...
View ArticleGovt to float infrastructure bond
Business Reporter GOVERNMENT will this year float an infrastructure development bond with a view to mobilising resources for various capital projects.The Minister of Finance and Economic Development...
View ArticleVast Resources to raise £5m
JOHANNESBURG. — Diversified minerals miner Vast Resources, which has operations in Zimbabwe and Romania, has entered into an agreement with US-based Crede Capital that will see the investment group...
View ArticleNon-life insurance GPW up 3pc
Walter Muchinguri Assistant Business Editor Significant increases in business written under accident insurance and bonds/guarantees helped non-life insurance companies to achieve a 2,92 percent...
View ArticleGovt to prioritise SDGs
Business Reporter GOVERNMENT has constituted a National Sustainable Development Goals Technical Committee comprising of stakeholders from civil society, business, and development partners to...
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