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Dairibord revenue retreats 11 percent
Dairiboard employees busy at workGolden Sibanda Senior Business Reporter Dairibord Holdings revenue for the interim to June 2014 retreated 11 percent to $43,7 million weighed down by a 6 percent...
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Taxing capital gains on shares is anti-indigenisation
Conrad Mwanawashe Business Reporter Delta Corporation says taxing capital gains from the sale of shares acquired under share option schemes is inconsistent with the indigenisation and empowerment...
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RBZ arranges $50m bond for coins
Dr MangudyaTinashe Makichi Business Reporter— The Reserve Bank of Zimbabwe has arranged a $50 million bond facility to back the issuance of special coins meant to ease change shortages in the country....
View ArticleProcessed food addiction
Jeffrey Gogo MANY people will find it hard to forget the nutritious treat, mutakura (samp), particularly if your background is rural, and or a combination of both rural and urban.It made for good...
View ArticleAuditors’ AGM set for Victoria Falls
Business Reporter Internal auditors and board audit committee members from all sectors will meet in Victoria Falls from September 11 to 12 2014 for their annual conference and Annual General...
View ArticleMicro-finance institutions rise out of the ashes
The Zimbabwe Association of Microfinance Institutions said on Thursday its members have extended over $170 million in small loans in the first half of the year despite the liquidity crunch that the...
View ArticleChinese firm to fund Gwayi power project
Tinashe Makichi Business Reporter China Africa Sunlight Energy (Pvt) Limited will invest $104 million for the construction of a 240km Gwayi-Insukamini 400kva transmission power line which will be...
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Sadc to hold summit on industrialisation
Minister BimhaGolden Sibanda Business Reporter The Southern African Development Community members will soon hold a special summit on industrialisation after current chair Zimbabwe convinced the states...
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Doves acquires seven hearses
Doves assets include investment properties, land and buildingsBusiness Reporters Doves Funeral Assurance last Friday took delivery of seven new hearses which are expected to help grow premium income...
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Tobacco farming goes national
Golden Sibanda Senior Business Reporter The Tobacco Research Board is conducting research on the feasibility of growing tobacco in non-traditional tobacco farming areas. TRB chief executive Dr Dahlia...
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Corporate incest sunk Valley Tech: AfrAsia
Mr WazaraConrad Mwanawashe Business Reporter Valley Technologies, the company owned by former Econet executive Zachary Wazara collapsed because of the businessman’s mismanagement and an elaborate...
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ZSE just 0,42pc shy of reversing YTD losses
Business Editor The stock market closed Friday’s trades just 0,42 percent shy of reversing year to date losses from the January 1 level of 202,12 buoyed largely by firm trades in telecoms stock Econet...
View ArticleInform NSSA if business closes or re-opens
What should a company do about payments to NSSA if it closes for a while then re-opens for business? What is the procedure? These are questions that were asked by one of the readers of this column...
View ArticleSasol profit increases
Johannesburg. – Sasol Ltd, the world’s biggest coal-to-liquid fuel producer, said profit climbed 13 percent after synthetic-fuels output advanced and the rand weakened. Net income rose to R29,6 billion...
View ArticleMobile companies spur transactions growth
Business Reporter The entrance of mobile phone companies in the financial services sector has spurred on the growth in the value of mobile and internet based transactions to a 6,6 percent increase to...
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Power generation improves: Murerwa
Dr MurerwaDaily power generation in Zimbabwe has improved from an average of 1 200 MW to 1 400 MW following refurbishment of power stations, an official has said. Zimbabwe is currently facing power...
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Vic Falls reaps huge spin offs
The number of tourists visiting the Victoria Falls increased by 23 percent in AugustGolden Sibanda Senior Business Reporter Victoria Falls could now be reaping spin offs of the positive limelight it...
View ArticleConstruction starts at PPC Zim plant
Business Reporter PPC Zimbabwe says its new cement plant construction project in Harare is expected to be completed by March 2016 and upon commissioning will further position the company as the leading...
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Chinamasa to unpack China trip
Minister ChinamasaBusiness Reporter FINANCE and Economic Development Minister Patrick Chinamasa will tomorrow unpack the vast opportunities unlocked by President Mugabe’s visit to China last month at a...
View ArticleWeak US jobs numbers support gold
SINGAPORE — Gold extended gains to a second session on Monday, boosted by a disappointing US nonfarm payrolls report that eased concern about an early interest rate increase, with investors also...
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