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Surface eyes oil industry dominance
Surface is seeking to increase capacity through the acquisition of struggling or closed companiesTinashe Makichi Business Reporter Surface Investments, an upcoming cooking oil manufacturer, intends to...
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Economy to grow 3pc: WB
Minister ChinamasaGolden Sibanda Senior Business Reporter The World Bank has predicted the economy will grow by 3 percent this year, marginally short of doubling the 1,8 percent expansion the global...
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Cambria to sell Leopard Rock
Leopard Rock HotelWalter Muchinguri Assistant Business Editor Zimbabwe-focused investment company Cambria Africa is prepared to offload its hotel property, Leopard Rock, which is located in Vumba in...
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No to chrome ore exports: Govt
Government has insisted that it will not issue permits for chrome ore exportsGolden Sibanda Senior Business Reporter— Government will not issue permits for chrome ore exports as its focus is currently...
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Zibawu demands probe into AfrAsia
Mrs Lynn MukonoweshuroGolden Sibanda Senior Business Reporter— AfrAsia Bank Limited is caught in the centre of stormy allegations by workers who claim that management wrote off thousands of dollars...
View ArticleMwana Africa aims to increase gold production
Golden Sibanda Senior Business Reporter Mwana Africa Plc is targeting a 208 percent increase in gold production to 200 000 ounces in the next three years through a series of initiatives to ramp up...
View ArticleOver 1 500 injured in work accidents
At least 1 507 people were injured while 34 died in the period from January to March 2014 through work related accidents. There were 33 deaths and 1 446 injuries during the same year ago period. ZCTU...
View ArticleSA mine workers reject pay offer
Johannesburg. – The biggest union at South Africa’s platinum mines said members are rejecting the latest pay offer from the world’s largest producers to end a more than three-month strike at most of...
View ArticleCultivate a national culture of saving
Sanderson Abel An economy is composed of three economic agents; households, firms and the Government. Each of these agents has got a role to play in economic development with their ability to save...
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IDC proposes a ‘completely knocked down’ policy
Mr Mike NdudzoConrad Mwanawashe Business Reporter THE Industrial Development Corporation is proposing a ‘completely knocked down’ policy that allows car dealers to import kits to be assembled at...
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TIMB office complex nears completion
Construction workers busy at the new Tobacco Industry and Marketing Board head officeTinashe Makichi Business Reporter Tobacco Industry and Marketing Board’s four storey $12 million office complex is...
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Mimosa’s revenue increases
Business Reporter South Africa-based Aquarius Platinum’s Zimbabwean subsidiary, Mimosa Mining Company’s revenue increased by 1 percent for the quarter ended March 2014 due to below budget metal...
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Potraz plans for $60m projects in limbo
Business Reporter The Postal and Telecommunications Regulatory Authority of Zimbabwe’s plans to roll out $62 million worth of infrastructure projects this year have been seriously hamstrung by a...
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‘Pension fund assets to finance projects’
Minister ChinamasaMartin Kadzere Senior Business Reporter— GOVERNMENT intends to tap into pension fund assets as a potential source of financing infrastructural projects, particularly for the energy...
View ArticleIs it comparison or perspective?
Zachary Aldwin Milkshake in the Boardroom How many red balls are on a snooker table? That was one of the questions at a quiz night I attended this last week. I did not know the answer, but one of my...
View ArticleLessons learnt in my business career
Shelter Chieza Change Management I have learnt quite a few tricks. I thought I would share with you the top four that have stood out for me. The higher you go the more lonely you become.It is...
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CBZ $200m bond on course
Business Editor CBZ Holdings has said plans to raise $200 million through a Diaspora Bond are at an advanced stage after the group successfully paid out the maturity on the first bond of $68 million....
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Copper connectivity a cheaper alternative to fibre
Business Correspondent In Zimbabwe, there seems to be a popular belief that high speed broadband rides exclusively on optical fibre. It has, however, emerged from extensive research that existing...
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Zimplats record 76 percent growth
Business Reporter Zimbabwe’s largest platinum miner, Zimplats Ltd recorded a 76 percent growth in operating profit for the quarter ended March 2014 compared to a three months period ended December last...
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ZIMRA to re-introduce metered taxis
Mr Gershem PasiConrad Mwanawashe and Clara Mawere THE Zimbabwe Revenue Authority intends to re-introduce metered taxis and put in place systems that will enable the authority to track revenue realized...
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