NSSA: How to claim your benefits
Are you receiving a retirement benefit from NSSA? That is the question a new billboard on Borrowdale Road asks those travelling towards Harare’s city centre from Borrowdale, Helensvale, Hatcliffe,...
View ArticleHwange slumps to heavy loss
Business Reporter HWANGE Colliery Company Ltd has posted a steep loss in 2013 but says it will overturn the position in the short term given the strong operational base attributable to recapitalisation...
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Pioneer eyes $21m growth in revenue
Pioneer said its assets will increase by $12 million after the acquisition of UnifreightBusiness Reporter Zimbabwe Stock Exchange listed Pioneer Corporation Africa expects revenue to grow by $21...
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Freda to raise gold output
Golden Sibanda Senior Business Reporter Freda Rebecca plans to raise annual gold output from 60 000 ounces to 100 000 ounces in the next two years, managing director Mr Tonderayi Muganyi said. Mr...
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Analyst comments on Zimpapers
The market views this company as an old media Government company and it’s high time that management starts to deal with the perception that is associated with such companies and market the company for...
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Old Mutual, NSSA buy $30m TBs
Business Reporter INSURANCE and property company Old Mutual and the National Social Security Authority last week purchased Treasury Bills worth $30 million that were floated by the Reserve Bank of...
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Zimpapers profitable in F13
Happiness Zengeni Business Editor— Zimpapers Newspaper Division again carried the group’s performance in the year to December but losses in the commercial printing division and the broadcasting...
View ArticleEMA: Dead rivers, myth or reality?
Human activities if unmonitored can destroy the environment under the pretext of development. The resultant impact can either be degradation or pollution. Pollution of water bodies is detrimental to...
View ArticleEngineering workers petition ministry over corruption
Business Reporter NATIONAL Employment Council for the engineering sector workers have passed a vote of no confidence on board members whom they accuse of corruption, maladministration and favouritism....
View ArticleRole of banks in savings mobilisation
Sanderson Abel The rapid pace of transformation has created new demands as well as new opportunities for business. For the banking sector, the changes have called for a more effective and efficient...
View ArticleUS firm acquires Derbyshire Quarry
Business Reporter United States-based Raptor Resources Holdings which owns Dodge barite mine in Shamva has acquired 100 percent stake in a Chitungwiza-based quarry mining company, Derbyshire Stone...
View ArticleIPEC to deal with non-life insurers
Business Reporter The Insurance and Pensions Commission will deal with all non-life insurers that are not investing in minimum prescribed assets as required by law. Short- term insurers are supposed to...
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Alpha Omega steps up its game
Alpha Omega Dairy (Pvt) Limited which is producing 12 600 litres of milk per day from 850 cows intends to expand its market shareTinashe Makichi Business Reporter Alpha Omega Dairy has stepped up...
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Border Timbers in bid to restructure balance sheet
Business Reporter BORDER Timbers, a forestry and timber processing company is looking at ways to restructure its balance sheet to further reduce finance costs and obtain improved tenures aligned to the...
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Sino-Zim confident of meeting target
Sino-Zimbabwe Cement Company has completed an $84 million facility upgrade to boost output and reduce pollutionBusiness Reporter Sino-Zimbabwe Cement Company is confident of meeting its targeted...
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Econet, association head for clash
Enia Nyakudzambara Business Reporter The Mobile Money Transfer Agents Association of Zimbabwe and Econet are heading for a possible clash over the latter’s recent directive that each of its agent...
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Malaba takes over at BAZ
Mr Sam MalabaBusiness Reporters— Barclays Bank Zimbabwe managing director Mr George Guvamatanga has stepped down as Bankers Association of Zimbabwe (BAZ) president after the expiry of his two-year...
View Article‘Asia-Pacific tourists to become highest spenders’
SINGAPORE. – The Asia-Pacific will overtake Europe as the region whose tourists spend the most money overseas within 10 years, a report said yesterday, driven by an explosion in the number of Chinese...
View ArticleProtectionist strategy might backfire: Think tank
Imposing tariffs on imports might backfire as the capacity of local industries to increase production remains doubtful, a local think tank said on Tuesday. The Government has imposed duties on products...
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Liquidity and the lender of last resort
Analysts think restoring the lender of last resort function to the RBZ should be the solution to the banking sector liquidity crunchThe lack of liquidity remains the biggest immediate challenge the...
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