Business

Caledonia gold production dips 22 March 2019 CALEDONIA Mining Corporation (Caledonia) gold production was down three percent to 54,511 ounces during the full year ended December 31, 2018 compared to 56 133 ounces recorded in prior year due to lower grade.
OneMoney debit card use rises 21 March 2019 NETONE's mobile money platform, OneMoney, recorded a 32,7 percent increase in subscribers to 241 566 in the fourth quarter to December 31, 2018 from 181 990 in the previous quarter, latest data show.
Prospect records $4m loss 21 March 2019 PROSPECT Resources (Prospect) says it reported a loss after tax of $4,135 million during the half year ended December 31, 2018 compared to a $2,640 million recorded in previous period.
Energy sector in need of PPPs: Minister 20 March 2019 Zimbabwe requires public private partnerships (PPPs) to address the country's power infrastructure supply needs estimated at $8 billion, Energy deputy minister Magma Mudyiwa has said.
Coca-Cola fast-tracks collection, recycling of PET plastic bottles 20 March 2019 PETRICOZIM, a beverage industry collaborative initiative created in Zimbabwe eight years ago to address the post-consumer PET problem, has created jobs and new income opportunities in the recycling sector.
Hippo Valley share price drags 19 March 2019 THE share price of Hippo Valley Estates (Hippo Valley) has been sinking on the Zimbabwe Stock Exchange since February after the escalation of its South African parent company, Tongaat Hulett's (Tongaat) difficulties.
Mash Holdings revenue up 19 March 2019 MASHONALAND Holdings (Mash Holdings) said revenue was up to $1,68 million during the four months to January 31, 2019, three percent below the budget, attributed to higher occupancy levels at 76 percent.
Ipec plans capital, risk framework reforms 19 March 2019 THE Insurance and Pensions Commission (Ipec) has embarked on a project to review the country's insurance capital and risk framework with the view of coming up with a better model.
Dry spell cripples cotton production 18 March 2019 COTTON farmers in Gokwe North are left counting their loss due to the prolonged dry spell that the country has faced in the 2018-2019 rainy season, which drastically affected the crop hence reducing the crop output.
'Simbisa must maximise on Kenya' 18 March 2019 SIMBISA Brands (Simbisa) needs to channel more investment efforts towards the Kenyan market as it de-risks from Zimbabwe's worsening macro-economic conditions, a local equity analyst group has said.
Egodini Mall project stalls. . . amid Zim's financial meltdown 17 March 2019 ZIMBABWE's financial meltdown has brought the construction of the Egodini Mall — set to be the biggest public transport terminus boasting a retail section and parking bays in Zimbabwe's second largest city, Bulawayo — to a screeching halt.
Pricing madness hits Victoria Falls. . . US dollar primary currency amid sky-high prices 17 March 2019 NZALA Milimo was born in Victoria Falls in 1974 and did her primary and secondary education at public schools in the resort town's ghetto townships.
Mthuli discusses how to fix crumbling economy 17 March 2019 President Emmerson Mnangagwa used ''Zimbabwe is open for business'' the way US president Donald Trump used make America great again. Now, economic signals in Zimbabwe are pointing in the wrong direction. Inflation is above 50 percent. To try to get things on track, the country launched a new....
Econet unveils business process outsourcing centre 16 March 2019 The Econet group has unveiled the OmniContact  — a standalone “business process outsourcing” (BPO) unit.
Innscor records $64m profit 16 March 2019 INNSCOR Africa Limited (Innscor) recorded a 167 percent increase in profit to $64,011 million for the six months ended December 31, 2018 compared to a $23,963 million recorded in prior period driven by double-digit volume growth across all categories.
'Multichoice SA to cut off pirate decoders' 16 March 2019 Multichoice Africa has urged DSTV customers to subscribe in their respective countries as rights for programming and channels are cleared for specific countries.
Govt assesses fuel pipeline proposals 15 March 2019 Energy minister Joram Gumbo says government is now evaluating two proposals for the construction of a second fuel pipeline from Beira to Harare.
New Nissan Navara  continues to make waves 15 March 2019 The new Nissan Navara Pickup is one of the best all round utility vehicles ever to hit Zimbabwean shores!  This is all thanks to its eye-catching style, heavy duty five-link coil rear suspension which gives it superior off and on road performance, high level of luxury...
China still to release $72 million to Harare 14 March 2019 Harare City Council is yet to receive the remaining $72 million from the $144 million China Exim bank loan that was supposed to be used towards rehabilitation of the city's water infrastructure.
Wood poachers target eucalyptus plantationsWood poachers target eucalyptus plantations 13 March 2019 THE Sustainable Afforestation Association (SAA) says it has intensified efforts to combat wood poachers who are targeting its eucalyptus, pictured, plantations across the country.
'Export retention thresholds temporary' 13 March 2019 Export retention thresholds imposed by government on the productive sectors are a temporary measure meant to create confidence in the market, Reserve Bank of Zimbabwe governor John Mangudya has said.
Agric funding drops by 9pc 13 March 2019 Zimbabwe Association of Micro Finance Institutions (Zamfi) says agricultural lending for the last quarter of 2018 declined by nine percent on the back of perceived risk in agriculture which was predicted by the Meteorological Services Department during the period.
Harare records 23pc decline in revenue 13 March 2019 Harare recorded a 23 percent decline in revenue collection from the informal sector in 2018.
Nedbank constructs toilets at Chikurubi Female Prison 13 March 2019 Nedbank Zimbabwe recently installed 10 toilet facilities and plumbing infrastructure at Chikurubi Female Prison as part of the leading bank's corporate social responsibility programme.
Harare-Beitbridge fibre-optic Internet cable stirs to life 12 March 2019 Zimbabwe will secure its latest fibre optic connection to the outside world tomorrow, with the official launch of the Harare-Chivhu-Masvingo-Beitbridge Internet link completing the connection of the country to all the major borders.
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