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Meikles in corporate governance scandal
The fate of the $22 million that Meikles Limited transferred to South Africa in 2008, purportedly for investment, remains shrouded in mystery as the group continues to flout corporate governance rules...
View ArticleEU plans $110m fund
Elita Chikwati Agriculture Reporter The European Union is finalising a $110 million National Indicative Plan for 2014-2020 which will be used to further develop links between agriculture, private...
View ArticleCrime, unemployment mars Cape Town’s growing economy
The City of Cape Town’s latest state of the city report highlights the city’s biggest challenges and successes – including holding the title of South Africa’s fastest growing, and most violent city....
View ArticleFoord raises stake in PPC
Johannesburg. – PPC Ltd shareholder Foord Asset Management has increased its stake in the South African cement maker to achieve the 10 percent support required to request a meeting to elect a new...
View ArticleBanks still wary of 99-year leases
Golden Sibanda Senior Business Reporter Banks still have strong concerns around legal and technical issues regarding property rights to land and improvements done on the land under 99-year lease farms....
View ArticleEconet in anti-competition behaviour
Tonderai Rutsito Tech Talk Econet Wireless Zimbabwe last week launched a “revolutionary” move in vehicle tracking services, as they moved further from being a service provider to a hardware supplier,...
View ArticleNRZ assures nation of improved wheat deliveries
Conrad Mwanawashe Business Reporter Wheat deliveries will improve in the next few days following the arrival of 10 000 tonnes more which the National Railways of Zimbabwe will move into the country...
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Cottco chairman resigns
Martin Kadzere Senior Business Reporter COTTCO Holdings chairman Mr Freeman Kembo has resigned in an unexpected move widely believed to have been triggered by “debt problems” at the company. Sources at...
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Hits keep coming for Warren Buffett
Warren BuffettThe sage plant can weather relatively inhospitable conditions. But so volatile has been the stock market climate of late that even the Sage of Omaha has wilted under the strain. Warren...
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Sad day for our country
Ms ChiriVictoria Ruzvidzo Business Focus It is quite unfortunate that in this day and age, with an economy that is facing immense challenges as ours, we still get shocking reports that the bulk of...
View ArticleATT mulls $18m park in Vic Falls
Golden Sibanda Senior Business Reporter Hospitality group, Africa Albida Tourism, is working on construction of an $18 million education and entertainment park in Victoria Falls, expected to boost...
View ArticleSpeed up reforms: IMF
Business Reporter The International Monetary Fund says Zimbabwe should fast-track the policy reform agenda in order for the country to gather support towards a strategy for clearing the $10 billion...
View ArticleChevrolet Trailblazer 2014: Car to have
Tinashe Makichi Motoring Reporter The latest machine from Chevrolet portfolio, released in March this year, is still making waves and has most customers salivating in the motoring industry in Zimbabwe,...
View ArticleMakomo Resources looks for new markets
Business Reporter MAKOMO Resources is looking at new potential markets in the southern African region after the coal miner commissioned its coal washing machine about two months ago. “We have already...
View ArticleLocal artistes show the way
Vandudzai Zirebwa Buy Zimbabwe Events in the arts industry for the past two weeks were very interesting for the Buy Zimbabwe cause. Delta Beverages held the now annual Lion Larger festival, where, as...
View ArticleLegacy issues affect CSD dematerialisation
Chengetedzai Depository Company has said dematerialisation of shares on the central securities depository is taking long because shares would have been registered in a name different to how an investor...
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‘Zim needs to rebase economy’
Dr UdengeBusiness Reporters Zimbabwe should diversify its economy and not depend on raw mineral exports to guard against the vagaries of price movements of commodity prices which have an effect to...
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Econet to relaunch EcoLife
Econet Wireless says it will relaunch its mobile phone insurance service, EcoLifeBusiness Reporters Econet Wireless will reintroduce its mobile phone-based insurance service EcoLife, scrapped two years...
View ArticleRio Tinto extends Walsh’s contract
Melbourne – Rio Tinto Group (RIO) extended the contract of Chief Executive Officer Sam Walsh, backing his leadership as the world’s second-biggest mining company readies its defenses against any new...
View ArticleCopper rises in New York
New York. – Copper rose in New York after manufacturing expanded at a faster-than-projected rate in China, the biggest consumer of industrial metals, bolstering the outlook for demand. A Chinese...
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