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US$30m gold mine gets nod
Martin Kadzere Senior Business Reporter WONDER Bay Company, a local mining firm, has received approval to open a medium sized gold mine in Hope Fountain, about 85 kilometres north of Bulawayo at a cost...
View ArticleDrag reducers increase Feruka pumping capacity
Martin Kadzere Senior Business Reporter ZIMBABWE has raised the pumping capacity of Feruka oil pipeline linking Beira and Harare fuel depot after introducing drag reducers in a bid to increase fuel...
View ArticleObserving environment days
The Environmental Management Agency being a statutory body responsible for promoting the sustainable utilisation of natural resources and environmental protection observes nine environmental days (7...
View ArticleBusiness sustainability reporting
Ben Chiganze A Bass Fisherman’s Approach In my last instalment I alluded to the importance of preserving our environment which is useful in keeping our staff members motivated and inspired to perform...
View ArticleMabwe Minerals to expand
Business Reporter UNITED States based Mabwe Mineral Holdings Incorporation, has acquired the mineral and metal rights for 110 hectares (272 acres) at its Dodge barite mine in Shamva. The company is...
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Small gold miners lobby Govt
Business Reporter Small scale gold miners, led by the umbrella body — the Gold Miners Association of Zimbabwe — have expressed reservations over some 2014 budget provisions they say could negatively...
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Zimpost money transfer yields US$300 000
Zimpost has earned at least US$300 000 in commission from transactions processed under its new money transfer facility, ZipcashPOSTAL service company, Zimpost said yesterday it has earned at least...
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‘New blending law shuts out competition’
THE Zimbabwe sugar industry has expressed concern over the recently gazetted ethanol blending law as it inhibits private sector participation in the lucrative business. Zimbabwe Sugar Sales General...
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ZPI to develop US$13m office park
ZIMRE Property Investment has unveiled plans to develop a state-of-the-art office park along Borrowdale Road at an estimated cost of over US$13 million. Speaking in an interview, ZPI finance director,...
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Platinum miners wary of levy
Golden Sibanda Senior Business Reporter GOVERNMENT will meet mining firms tomorrow amid worries among miners the proposal in the 2014 National Budget to levy raw platinum exports could sterilise ground...
View ArticleFMHL targets above inflation growth rate
Blessing Bonga Business Reporter First Mutual Holdings Limited is this year targeting a growth rate above inflation (estimated at about 1,5 percent) and overall market growth for its businesses as it...
View ArticleLate submission of tax returns penalty
As communicated in the Commissioner General’s Public Notice No. 10 of 2013, the Statutory Instrument 97 of 2013 on Civil Penalty for Late Submission of Returns, Regulations, 2013 came into effect on 28...
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We have to do things differently this year
Victoria Ruzvidzo Business Focus Compliments of the season dear readers! I sincerely hope and pray you have started the year on a good footing and that what lies ahead for all us in the year will make...
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Mawocha appointed AfrAsia Bank MD
Business Reporter Afrasia Bank Zimbabwe Limited has appointed former Tetrad Bank managing director Mr Tineyi Mawocha as the managing director for its rebranded flagship banking unit with effect from 6...
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The early bird catches the worm
Shelter Chieza Change Management Compliments of the new season! I must admit that January is not one of my favourite months of the year. My advice is capitalise on the downtime and focus on preparing...
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Funding stalls power project
Hwange Power Station . . . Expansion of the plant’s generating capacity will add 600MW to the national gridGolden Sibanda Senior Business Reporter PLANS to expand Hwange (Thermal) Power Station have...
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Sino Zim to raise cotton seed output
SINO Zimbabwe Cotton Holdings is targeting a 17 percent increase in output of cotton seed to 35 000 metric tonnes after commissioning a US$17 million ginning and spinning plant in December last year,...
View ArticleMercedes Benz CLS – a definition of classy
Fact Jeke Behind the Wheel Sitting on the showroom floor at Zimoco 3rd street, is this perfectly sculptured German work of art. Daphne Ritson was so kind when she took me around and educated me more...
View ArticleFDI remains key to resolving BOP crisis
Zimbabwe currently does not have a balanced trading relationship with the rest of the world. We are currently running a trade deficit with many countries and as a whole we import much more than we...
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RBZ gathers stakeholders’ input for policy statement
Acting RBZ governor Dr Charity DhliwayoThe Reserve Bank of Zimbabwe (RBZ) is currently gathering input from stakeholders for inclusion in the first half monetary policy statement which it is expected...
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