Friedland’s SA project faces challenges
Johannesburg. – Billionaire Robert Friedland’s South African platinum project may be held up by a split in the local community, with residents accusing his Ivanhoe Mines Ltd (IVN) of subverting a...
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Pick n Pay invests $14m on expansion
Pick n Pay is opening branches in Zimbabwe as it seeks to consolidate its market shareTinashe Makichi Business Reporter South African retail giant Pick n Pay has so far invested about $14 million on...
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Metallon Gold strengthens position
Metallon Gold is planning to produce 100 000 ounces this year against 82 000 ounces last yearTinanshe Makichi Business Reporter Metallon Gold Corporation expects to produce about 500 000 ounces per...
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African Distillers eyes regional market
Afdis supply chain director Mr Claim Mundengu (left) shows Minister of Industry and Commerce Mr Mike Bimha (right) how the new packaging plant works during a tour of the company’s factory...
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‘Govt will not back down on refineries’
Minister ChidhakwaGolden Sibanda Senior Business Reporter GOVERNMENT will do everything possible to ensure that mining companies set up refinery facilities in the country to beneficiate and value add...
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Manufacturing capacity drops
Minister BimhaConrad Mwanawashe Business Reporter Capacity in the manufacturing sector fell by a marginal 3,3 percent to 36,3 percent cushioned by a significant jump in capacity in the edible oils...
View ArticleMicro-finance to contribute 4pc to bottomline: POSB
Conrad Mwanawashe Business Reporter POSB is expecting a four percent contribution to its bottom-line from its newly launched microfinance division in the short term. The Express Loans Microfinance...
View ArticleMassive potential in Zim’s capital markets
Albert Norumedzo In the Money Capital is no doubt the lifeblood of economic progression in any economic setup. Without it, exploitable profitable projects with potential to add to the economic growth...
View Article‘No intention to amend equity laws’
Golden Sibanda Senior Business Reporter Government has no intention of amending the Indigenisation and Economic Empowerment Act and if need be, the decision would only be communicated through the...
View ArticleEmbrace technological innovation, govts told
Happiness Zengeni in SAN FRANCISCO, US Technology and innovation has an important role to play in transforming the economy and governments should quickly embrace such businesses in order not to only...
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Meikles courts foreign investors
Business Reporter MEIKLES expects to conclude a deal with foreign investors who intend to invest in the group’s mining portfolio, which the company views as an area of substantial growth potential....
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Govt secures $1,3m for transport master plan
Mr Munesushe MunodawafaBusiness Reporter Government has secured about $1,3 million from the African Development Bank for the crafting of transport sector master plan that will be used as a reference in...
View Article‘ZETDC better positioned to borrow’
Business Reporters THE Zimbabwe Electricity Transmission Distribution Company is now “better positioned” to borrow to finance capital projects and guarantee security for power imports due to improved...
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Zinara eyes $100m from tollgates
ZINARA’s revenue collection has been boosted by the introduction of technology at toll plazasTinashe Makichi Business Reporter— Zimbabwe National Road Administration targets to collect more than $100...
View ArticleZINWA: Charges on bulk water just and affordable
Over the last week, the Zimbabwe National Water Authority (ZINWA) has been inundated by calls from individuals interrogating the rationale behind the banning of bulk water abstractions in Harare’s...
View ArticleIt’s profit first, environment later on ZSE
Jeffrey Gogo Climate Story THERE is considerable uncertainty about how Zimbabwean companies are responding to the threat of climate change and whether they are doing enough to combat future climatic...
View ArticleMiners embrace buy Zimbabwe initiative
Vandudzayi Zirebwa Buy Zimbabwe Zimbabwe is grappling with many challenges in as far as economic turnaround is concerned and one of the most obvious of these is primarily industry’s inability to lobby...
View ArticleAquarium Trading under provisional liquidation
Business Reporter GWERU-BASED gold and antimony miner Aquarium Trading has been placed under provisional liquidation due to mismanagement and shareholder disputes, according to court papers. Mr...
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Development facility for Sadc set up
The Southern Africa Development Community (Sadc) has set up a special fund, dubbed the Project Preparation and Development Facility (PPDF), meant to finance processes undertaken before infrastructural...
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NSSA keen on Beitbridge projects
NSSA is looking at increasing its investment in Beitbridge after expressing interest in financing projects under the Beitbridge Redevelopment Programme, which included the construction of the...
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