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Zimbabweans US$3 billion worth of shares from foreign-owned companies

More than 1 089 applications since 2010 have been processed according to the latest National Indigenisation and Economic Empowerment Board compliance report.This has enabled Zimbabweans to sec...Read more

Zimbabweans US$3 billion worth of shares from foreign-owned companies

12 October 2014 | 2408 Views
More than 1 089 applications since 2010 have been processed according to the latest National Indigenisation and Economic Empowerment Board compliance report.This has enabled Zimbabweans to sec...

by Staff Reporter

Irate depositors besiege AfrAsia Bank Bulawayo branch - Video

09 October 2014 | 2302 Views
There were bouts of violence at the embattled AfrAsia Bank Limited, formerly Kingdom Bank in Bulawayo as angry depositors stormed the banking hall demanding their cash.AfrAsia, which reb...

by Makhosi Sibanda

Minister says much needs to be done to reduce work accidents

03 October 2014 | 1463 Views
With 71 deaths at work in the first eight months of this year and 3 598 serious injuries, a lot more needs to be done to reduce work accidents, Public Service, Labour and Social Welfare Minister N...

by Staff Reporter

Personal care industry faces collapse

02 October 2014 | 1725 Views
The personal care industry faces collapse and is currently operating at 15% capacity utilisation due to economic challenges, Personal Care Manufacturers' Association secretary Gabriel Vembe has sa...

by Staff Reporter

'We should promote our Zimbabwean products,' says MDC-T MP

30 September 2014 | 2173 Views
THE business community should reduce imports and support industry by buying local products to preserve jobs, Nkulumane legislator Thamsanqa Mahlangu said yesterday.Speaking at a meeting w...

by Loveness Bepete

High taxation stifles small business

26 September 2014 | 1218 Views
High taxation levels and inflexible business licensing models are hindering the growth of the SME sector in the country, players in the industry have said.SME sector representatives told S...

by Business reporter

Bulawayo closed for business

11 September 2014 | 7247 Views
SIXTY percent of companies operating in Bulawayo have been placed under judicial management, indicative of the dire state of affairs in the country's second largest city. Once Zimbabwe's indus...

by Ray Ndlovu

Bimha to officially open 2014 ZimTrade Exporters' Conference

10 September 2014 | 1011 Views
The Minister of Industry and Commerce, Honourable Mike Bimha, will officially open the Exporters' Conference scheduled for the 2nd of October 2014, at Meikles Hotel in Harare.The Conferenc...

by Dillon Kamutenga

Clothing Indaba set for Bulawayo on 26 September 2014

09 September 2014 | 1885 Views
Zimbabwe Clothing Manufacturers Association (ZCMA) will be hosting their 5th Clothing Indaba in Bulawayo on the 26th of September 2014.These events have become well known for their proactive w...

by ZCMA

MAN opens Bus and Truck outlet in Bulawayo

25 August 2014 | 5583 Views
EUROPEAN giant commercial transport firm, MAN Group of Trucks and Buses, has opened an outlet in Bulawayo in a move set to boost investor confidence on the backdrop of company closures bedeviling ...

by Charity Ruzvidzo

Good news Bulawayo, NRZ signs $460 million DBSA loan

24 July 2014 | 5288 Views
The National Railways of Zimbabwe (NRZ) has agreed to borrow $460 million from the Development Bank of Southern Africa to develop its unprofitable network that relies mainly on rolling stock acquired ...

by Reuters

John Love Motors shuts down

11 July 2014 | 4821 Views
JOHN Love Motors in Bulawayo yesterday closed shop after operating in the city for about 40 years amid indications the company has been facing financial difficulties.When a Chronicle news crew...

by Sifundiso Ndlovu

$400,000 for Bulawayo Rainbow Hotel refurbishment

07 July 2014 | 2592 Views
Rainbow Tourism Group (RTG) says it has set aside at least $400,000 to refurbish the Bulawayo Rainbow Hotel. The refurbishment follows similar exercises at Rainbow Towers and the Kadoma Hotel and ...

by Staff reporter

Govt failed Dimaf says Minister of Industry

03 July 2014 | 1435 Views
AT LEAST 48 companies have accessed the Distressed Industries and Marginalised Areas Fund (Dimaf), but government has failed to put its share to the pool of resources meant to assist ailing companies,...

by Business Reporter

$10 salary for Marvo employees

02 July 2014 | 5158 Views
TROUBLED Bulawayo firm Marvo Stationery Manufacturers has paid its workers $10 each after going for 18 months without salaries, it emerged yesterday.The disgruntled workers told Southern Eye B...

by Staff reporter

CSC in bid to tap into the Angolan beef market

22 June 2014 | 2921 Views
THE Cold Storage Company (CSC) says it plans to tap into the Angolan beef market as it plots ways to escape from crippling financial problems.CSC's marketing director Isiah Machingura told Sou...

by Staff Reporter

Power Sales shuts down 29 stores

20 June 2014 | 10529 Views
BULAWAYO-BASED leading clothing retailer Power Sales has closed 29 shops across the country in recent months due to the tough operating environment, an official confirmed yesterday.Power Sales...

by Staff reporter

10 companies closing down every month

19 June 2014 | 4713 Views
AT least 10 firms have been closing down every month since the beginning of the year, a senior official from the National Social Security Authority (NSSA) disclosed. According to the Financial...

by Staff Reporter

Salary deadlock at Ingwebu Breweries

14 June 2014 | 3983 Views
SALARY negotiations at Ingwebu Breweries have reached a deadlock as workers are demanding a monthly pay of $540 for the lowest paid worker while management is only prepared to maintain last year's...

by Staff reporter

Most influential young Zimbabweans speak on nomination

13 June 2014 | 12596 Views
The top two young Zimbabwean entrepreneurs have reacted to their being announced by Dindingwe Media as occupants to the top spots ahead of religious icons Emmanuel Makandiwa and Prophet Eubert Ang...

by Matthews Estell

Bulawayo shoe company plans regional expansion

01 May 2014 | 4648 Views
BULAWAYO company Shoepack, trading as Pathfinder, one of the few remaining thriving shoe manufacturing companies in the city, hopes to expand into the regional market once recapitalisation funds have...

by Factmore Dzobo

Zimbabwe tops in informal trade - Minister

30 April 2014 | 4053 Views
The Minister of Small to Medium Size Enterprises and cooperative developments, Mrs Sithembiso Nyoni has indicated that Zimbabwe was recently given a World Bank Award for being the country with the...

by Staff Reporter

Datlabs starts exporting

30 April 2014 | 3891 Views
Pharmaceutical and personal care products manufacturer, Datlabs has started exporting its body moisturising cream, CamphaCare cream to South Africa and will next month send another consignment to Ken...

by Staff reporter

Bulawayo company testifies on 30% gains made at ZITF

27 April 2014 | 3300 Views
ONE of Bulawayo companies - Stop to Start International - has seen business related to its participation at the Zimbabwe International Trade Fair grow by 30 percent since last year.Company...

by Business Reporter

Thousands throng ZITF

26 April 2014 | 3177 Views
Thousands of people thronged the Zimbabwe International Trade Fair (ZITF) in Bulawayo yesterday as the fair opened to the public.The trade fair which started on Tuesday and ends today, is runn...

by Staff Reporter

Steward Bank opens Bulawayo branch

25 April 2014 | 4114 Views
STEWARD Bank, the country's largest bank by accounts, is gearing to spearhead the revival of Bulawayo's manufacturing sector and ensure it regains its industrial hub of Zimbabwe status.  ...

by Staff reporter

'Zisco, NRZ to spur Bulawayo revival'

25 April 2014 | 3966 Views
THE resuscitation of the defunct Ziscosteel and the tottering National Railways of Zimbabwe (NRZ) will spur the revival of ailing and closed companies in Bulawayo, a Cabinet minister has said....

by Staff reporter

Govt exploring various initiatives to fund ZIM ASSET projects

23 April 2014 | 2946 Views
Vice President Joice Mujuru says the government is exploring various initiatives to fund projects under the 5-year ZIM ASSET economic policy crafted to achieve sustainable development on the socio-ec...

by Staff Reporter

Mujuru fails to turn up for ZITF keynote speech

23 April 2014 | 5614 Views
Vice President Joyce Mujuru failed to turn up at the Zimbabwe International Trade Fair Business Conference where she was scheduled to give a keynote speech today. Her speech was read by seni...

by Staff Reporter

ZITF marred by power cuts

22 April 2014 | 3400 Views
The opening day of the Zimbabwe International Trade Fair was marred by erratic power supplies much to the chagrin of exhibitors. It could not be established why there was a series of power cut...

by Staff Reporter

19 countries exhibiting at ZITF

22 April 2014 | 3407 Views
Nineteen countries are exhibiting at this year's Zimbabwe International Trade Fair up from 16 last year.ZITF company general manager Noma Ndlovu said the countries are namely Botswana, Bra...

by Staff Reporter

Bulawayo hotels fully booked for ZITF

15 April 2014 | 3736 Views
With about a week to go before the start of the Zimbabwe International Trade Fair, most hotels in Bulawayo are reported to be fully booked for the duration of the annual trade showcase.In an i...

by Staff reporter

Chinese take more space at ZITF

13 April 2014 | 2488 Views
China is the largest foreign exhibitor at this year's edition of the Zimbabwe International Trade Fair (ZITF), which is expected to attract more participants compared to previous years. Chinese exhibi...

by Business Reporter

South Korean companies keen to invest in Zimbabwe

12 April 2014 | 3469 Views
South Korean companies are keen to invest in Zimbabwe and strengthen the bilateral relations existing between the two countries, outgoing Seoul ambassador to Harare Mr Kwang-Chul Lew said yesterday. ...

by Staff Reporter

Govt engages Comesa on Bulawayo industry resuscitation

08 April 2014 | 3068 Views
The Common Market for Eastern and Southern Africa (Comesa) has recommended that Government should rejuvenates economic enablers such as electricity, water, infrastructure and coal if Bulawayo is going...

by Staff reporter

Zimbabwe bans imports of fresh fruits and vegetables with immediate effect

02 April 2014 | 7014 Views
Harare - Zimbabwe has banned imports of fresh fruit and vegetables with immediate effect, the agriculture ministry said on Wednesday, arguing that increased local production will meet domestic demand....

by Reuters

Temporary shortage of Ingwebu beer

23 March 2014 | 2965 Views
INGWEBU Breweries yesterday said its one-litre Shake It sorghum beer was in short supply due to shortage of packaging material."Due to challenges in the supply chain, we regret to advise t...

by Staff Reporter

Mixed reactions towards salary cuts for CEOs

20 March 2014 | 4654 Views
The slashing of salaries for CEOs leading parastatals and local authorities is expected to have a positive economic impact in the long term. This, h...

by Staff Reporter

Ascot Shopping Centre undergoing massive renovation

17 March 2014 | 4491 Views
PLANS are underway to turn Ascot Shopping Mall into a one-stop shop as its owners aim to boost business at the centre, an official has said.The mall, along the Bulawayo-Johannesburg Road next...

by Staff reporter

ZSE comes to Bulawayo

13 March 2014 | 3185 Views
THE ZIMBABWE Stock Exchange (ZSE) is conducting investment awareness seminars for Bulawayo university students in a bid to make them appreciate how the local bourse functions.ZSE officials yes...

by Staff reporter

Ingwebu Breweries to introduce amahewu

12 March 2014 | 3155 Views
INGWEBU Breweries plans to introduce a new product sometime this year in a bid to diversify its products and increase the market base.In an interview yesterday, Ingwebu managing director ...

by Staff reporter

$8 billion needed for Bulawayo industry revival

09 March 2014 | 2905 Views
Industry and Commerce minister Mike Bimha says local companies require $8 billion for re-tooling to bring them back to life as it emerged the fund meant for resuscitating distressed industries has fai...

by Staff reporter

Hawkflight Construction invests $2m in equipment

09 March 2014 | 4183 Views
ONE of the country's leading land and property developers, Hawkflight Construction invested about $2 million last year in the acquisition of state-of-the-art machinery as it forges ahead in consolidat...

by Dumisani Nsingo

Pasta plant to be opened in Bulawayo

04 March 2014 | 4621 Views
Cairns, the agro-processing firm, currently under judiciary management, plans to revive its Bulawayo pasta producing plant before year-end, subject to availability of investment funds, a senior compan...

by Staff reporter

Improved foreign interest for ZITF 2014

03 March 2014 | 2817 Views
The 55th edition of the Zimbabwe International Trade Fair to be held from 22-26 April 2014 has attracted an improved interest from foreign nations as compared to last`s conference, said Bhekithemb...

by Staff reporter

ZITF goes digital

27 February 2014 | 4554 Views
THE Zimbabwe International Trade Fair (ZITF) will this year emphasise on digitalisation, a smart technological and convenient move to conduct business with its exhibitors and visitors, ...

by Lulu Brenda Harris

ZITF exhibition dates moved forward

18 February 2014 | 5173 Views
THE Zimbabwe International Trade Fair (ZITF) has today made a shock announcement that it has moved forward the dates of this year's 55th exhibition.ZITF had been marketing the premier exhibiti...

by Staff Reporter

Industrialists, Diplomats tour Byo Industries

13 February 2014 | 3304 Views
INDUSTRIALISTS and diplomats from the SADC region yesterday toured Bulawayo industries with a view of creating potential investment and understanding how these companies are operating in the midst of ...

by Lulu Brenda Harris

CBZ Bank to phase out manual cash withdrawals

08 February 2014 | 12754 Views
Zimbabwe's largest commercial bank, CBZ Bank will with effect from next month phase out manual cash withdrawals, the bank said in a statement.Effectively, no one would be allowed to withdr...

by Business Reporter

Mine explosion injure 10 workers at Old Nic Mine

30 January 2014 | 4289 Views
About 10 miners at Old Nic Mine in Bulawayo have reportedly been seriously injured due to an explosion at the mine this morning.Initial reports say the miners have been rushed to a hospital fo...

by Staff reporter
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