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South Africa makes billions from Zimbabwe

South Africa could be the region's dominant economy but the untold story is that the country makes billions of dollars from the Zimbabwean market.Implats, Tongaat-Hulett, Multi-Choice, Old Mu...Read more

South Africa makes billions from Zimbabwe

21 April 2015 | 1628 Views
South Africa could be the region's dominant economy but the untold story is that the country makes billions of dollars from the Zimbabwean market.Implats, Tongaat-Hulett, Multi-Choice, Old Mu...

by Staff reporter

Depositors' $186 million locked in collapsed banks

21 April 2015 | 1503 Views
The Depositors Protection Corporation (DPC) has said $186 million owed to 55 000 depositors is held up in six collapsed banks.The regulatory authorities said they are working on measures ...

by Staff Reporter

Economic hardships drive companies out of the CBD

21 April 2015 | 1105 Views
Growing economic hardships are driving a number of business owners out of the central business district (CBD) into suburban areas due to inability to afford rentals. This has resulted in l...

by Staff reporter

Bank lending rates for individuals decline

21 April 2015 | 1291 Views
The country's bank lending rates remained high despite showing a marginal decline in the week ending April 10, official figures have shown. Statistics from the Reserve bank of Zimbabwe wee...

by Staff reporter

CSC slashes service slaughter fees

20 April 2015 | 2195 Views
CSC slashes service slaughter fees ...

by Staff reporter

Huawei completes first phase of NetOne project

20 April 2015 | 1091 Views
Huawei Technologies Africa says it has completed the first phase of the $200 million NetOne LTE broadband expansion project. The three-year project, which is expected to be completed in 2016, will...

by Staff reporter

Bulawayo to wait longer for Special Economic Zone status

19 April 2015 | 1783 Views
BULAWAYO has to wait a little longer for Government to declare the city a Special Economic Zone as there are researches that are still being done to determine its feasibility, an official has said....

by Staff reporter

Africa's youngest female billionaire firms up interest in Zimbabwean Telecel

17 April 2015 | 7102 Views
Isabel dos Santos, daughter of Angola's President Eduardo dos Santos and one of Africa's richest women, is reportedly gearing up to acquire a significant stake in Zimbabwean Telecom giant Telecel. He...

by Stephen Jakes

Zimplats to retrench 25 managers

17 April 2015 | 5011 Views
Zimbabwe's largest platinum producer, Zimplats is set to retrench 25 managers as part of the company's cost containment measures in the face of declining international metal prices and a challengi...

by Staff reporter

Cimas Emergency Air Rescue Service

16 April 2015 | 1957 Views
Zimbabwe now has dedicated air ambulance available for medical emergencies anywhere within southern, central and east Africa. The Cimas Emergency Air Rescue Service air ambulance is a twin eng...

by Staff reporter

Long wait for pay irks Marvo workers, as they go for 28 months without pay

15 April 2015 | 2465 Views
Marvo stationary workers who have gone for 28 months now without pay have after the company was placed under judicial management have expressed disgust and impatience over the delays of their pay....

by Stephen Jakes

Fastjet adds fourth flight to Lusaka and Harare

15 April 2015 | 3342 Views
Fastjet, which yesterday formally celebrated the launch of their new route from Kilimanjaro to Entebbe, has announced extra flights from Dar es Salaam to both Lusaka and Harare. A fourth w...

by WolfGang

Ingwebu franchises beerhalls - Advert

15 April 2015 | 4411 Views
Bulawayo City Council (BCC) is scouting for prospective business partners to operate their beer retailing outlets dotted around the city's high-density suburbs.BCC's commercialised business un...

by Ndou Paul

Cheda & Partners law firm shut down

15 April 2015 | 3296 Views
ONE of Bulawayo's biggest law firms, Cheda and Partners, has been shut down. The law firm has been under curatorship since February 5 after the industry regulator, the Law Society of Zimbabwe (LSZ), d...

by Thandeka Moyo

Telecel engages Potraz over compliance

14 April 2015 | 2914 Views
Telecel Zimbabwe could well be on the way to normalise its compliance issues with the Postal and Telecommunications Regulatory Authority of Zimbabwe which is currently looking at representations from ...

by Tawanda Musarurwa

NetOne targets $200m revenue by year-end

14 April 2015 | 2102 Views
State owned mobile telecommunications service provider NetOne is aiming to achieve revenues of $200 million by year end as it moves ahead with its network expansion project which has a strong focus on...

by Staff reporter

Delta lager beer volumes fall by 17%

14 April 2015 | 2177 Views
BEVERAGE giant Delta Corporation says lager volumes for the year ended 31 March 2015 fell 17% year-on-year due to depressed consumer demand, while revenue for the year dropped by 6%. Sparkling bevera...

by Ndou Paul

MTN tight-lipped on reported expansion to Zimbabwe

14 April 2015 | 3839 Views
THE MTN Group is tight-lipped over the reported acquisition of Zimbabwe's embattled Telecel's operating licence.Approached for comment on the said deal, MTN Group Executive for Corporate Affai...

by Savious Kwinika

Malaysia's Edmark opens branch in Zimbabwe

14 April 2015 | 1630 Views
Edmark Group of Companies, a multi-million dollar Malaysian company with a market presence in over 25 countries around the world, officially opened a branch in Harare at a colourful ceremony at the we...

by Staff reporter

RBZ re-orients exchange control

14 April 2015 | 2051 Views
The Reserve Bank of Zimbabwe has started re-orienting its exchange control department to become a body that facilitates a favourable doing business environment which can attract foreign direct investm...

by Staff reporter

Emirates offers up to 40% discount for travellers from Zimbabwe

13 April 2015 | 3190 Views
Travellers from Zimbabwe can fly on Emirates to selected and exciting destinations around the world with savings of up to 40 percent on business class and 20 percent on economy.To buy tickets...

by Staff reporter

MTN on the verge of expanding into Zimbabwe

13 April 2015 | 4970 Views
THERE are strong indications the MTN Group is on the verge of expanding to Zimbabwe where government has recently cancelled the operating license of the second-biggest mobile network operator....

by Savious Kwinika I CAJ News

Econet resume DStv Zimbabwe EcoCash payment plan

13 April 2015 | 2253 Views
The MulitChoice Zimbabwe popularly known as DStv EcoCash payment plan which was a few weeks ago temporarily discontinued has been resumed.This was revealed by Econet this week through me...

by Stephen Jakes

Econet in internet blackout

13 April 2015 | 2370 Views
ECONET subscribers in some parts of the country yesterday faced challenges communicating on the data network."I'm on Econet and have been trying to communicate on the internet but have bee...

by Staff reporter

Zimbabwe's unemployment level up 11.3%?

13 April 2015 | 1215 Views
Zimbabwe's unemployment level has risen to 11,3 percent with the majority of people moving into the informal sector particularly agriculture, the Zimbabwe National Statistics agency (Zimstat) has said...

by Staff reporter

Bond coins benefiting from slipping Rand

12 April 2015 | 3077 Views
The uptake of bond coins in Zimbabwe has improved in the past few weeks due to a positive consumer perception over their value against the United States dollar.South Africa's slipping rand has...

by Staff reporter

Broke CSC resort to selling off scrap metal

12 April 2015 | 3409 Views
The Cold Storage Company (CSC) which is in dire financial constraints is now resorting to selling off part of its movable assets including scrap metal in five of its branches probably to raise cash....

by Thobekile Zhou

TelOne rolls out Metro Wifi, service not available in Bulawayo

12 April 2015 | 2720 Views
STATE-owned Telecommunications company, TelOne has rebranded and introduced Metro Wifi Service and Fibre to the Home (FTTH) services.The new product will see the price of 100 megabits per ...

by Staff reporter

Zim-EU Business Information Centre to be inaugurated in Bulawayo

10 April 2015 | 2489 Views
The Zimbabwe-European Business Information Centre (Zim-EBIC) will be jointly inaugurated in Bulawayo on 15 April 2015 by the Minister of Industry and Commerce, Hon Mike Bimha and the Head of the E...

by Business Reporter

Zimra extends tax amnesty to June 30

10 April 2015 | 2255 Views
The Zimbabwe Revenue Authority (Zimra) has extended the Tax Amnesty window to the June 30, after the initial window expired last month, Director of finance, corporate planning and modernization, Rober...

by Staff reporter

Zimbabwe open for business, Mugabe tells SA

09 April 2015 | 4408 Views
President Robert Mugabe assured South African investors that they would not have their assets seized by his government in a nationalisation drive."I wish to assure all of you that Zimbabwe...

by ANA

AFDB Presidential candidates to face questions, share ideas on CGD Panel

09 April 2015 | 1453 Views
On April 16, seven of the eight candidates vying for the presidency of the African Development Bank (AfDB) will participate in a unique panel at the Center for Global Development in Washington, D....

by Stephen Jakes

Pick n Pay to set up first city store today

09 April 2015 | 5301 Views
TM Pick n Pay Supermarkets will today launch their first city store at the former Greatermans Department store along Sam Nujoma Street. The supermarket has been under construction for close to nin...

by Business reporter

Coca Cola prices slashed

08 April 2015 | 9857 Views

by Staff reporter

'The Source' hits brick wall in Econet case

08 April 2015 | 2756 Views
A BID by Source-Net (Pvt) Ltd - a Reuters-affiliated business news agency, whose newsroom was raided by Econet recently - to have the matter referred to the Constitutional Court last week hit a brick ...

by Daniel Nemukuyu

Zimbabwe maintains tax on raw platinum exports

07 April 2015 | 1873 Views
The government says it will maintain a 15 percent tax on raw platinum exports until platinum mining companies' submit credible smelter or refinery building plans.A document from the Minist...

by Staff reporter

Edgars Zimbabwe select 3i Infotech's Orion ERP to enhance their Business Operations

07 April 2015 | 1987 Views
HARARE - 3i Infotech, a global technology solutions and services provider celebrates one of their biggest wins in Zimbabwe with Edgars Stores Limited joining their long list of soon to be satisfied cu...

by APO

Credit bureau services rolled out in Zimbabwe

07 April 2015 | 2544 Views
Spectip Investments has started rolling out credit bureau services covering individuals, public institutions and private companies, a company official said last week. Innocent Mugwagwa, operat...

by Staff reporter

GO-BET to set up betting outlets across Zimbabwe

03 April 2015 | 2540 Views
GO-BET, a Pan-African sports betting group, plans to set up numerous betting outlets across the country with two shops already scheduled for opening by the end of this month. The flagship branch is th...

by Staff reporter

6 foreign firms bid to partner Air Zimbabwe

02 April 2015 | 3938 Views
Six foreign firms have expressed interest in partnering the national airline, Air Zimbabwe as government intensifies the hunt for a technical partner for the parastatal.The Ministry of Transpo...

by Staff reporter

Delma Lupepe accuses banking sector over industry collapse

02 April 2015 | 3967 Views
PROMINENT Bulawayo businessman Delma Lupepe has accused the banking sector of contributing to the closure of companies through "punitive" lending rates that make it difficult for firms to pay back the...

by Oliver Kazunga

Zimpapers reports $12,9 million loss

02 April 2015 | 1582 Views
Zimbabwe Newspapers Group (Zimpapers) reported a US$12,9 million pre-tax loss in the full year to December 2014 (FY14), down from a US$453,910 profit in the prior year owing to a staff rationalisa...

by Staff reporter

Zupco workers win arbitration case

02 April 2015 | 1801 Views
The Zimbabwe United Passenger Company (Zupco) management has been given until April 14 by the employees' legal representative to show how much they owed to each of the 800 workers in outstanding wages...

by Staff reporter

TelOne goes digital

02 April 2015 | 5233 Views
TEL-ONE has digitalised its operations and embraced a pre-paid system in a bid to enhance service efficiency and recover money owed by customers across the country.The company's sales and mark...

by Sukulwenkosi Dube

No free WhatsApp calls on Econet's social network bundles

01 April 2015 | 5784 Views
Zimbabweans don't have access to WhatsApp's voice calling feature on Econet's social network bundles as the mobile operator says users must pay for this service separately.It offers unlimited ...

by Staff reporter

FNB remittances to Zimbabwe expands by 102%

01 April 2015 | 5855 Views
FNB's Money Transfer service to Zimbabwe has seen cross-border money sending double in the past year, the bank said.According to Businesstech, the service, which launched on Cellphone Banking ...

by Staff reporter

Shingi Munyeza leaves African Sun

31 March 2015 | 4412 Views
The African Sun Group Chief Executive Officer Shingi Munyeza has left his position within the group with effec5t from today (31 March), it has been learnt.Munyeza announced his departure f...

by Stephen Jakes


31 March 2015 | 4867 Views
THE People's Own Savings Bank (POSB) has recorded a rare $1,25 million profit from loss of $209 000 with officials pledging to support government fronted ZimAsset projectIn a trade update acc...

by Thobekile Zhou

Brainworks in $35 million capital raise

30 March 2015 | 1221 Views
Local investment holding firm Brainworks Capital Management has 'successfully' raised $35 million following the closure of a capital raise last week. The proceeds will be used to strengthen va...

by Staff reporter

Zim government, Econet cross swords

29 March 2015 | 2491 Views
GOVERNMENT and Econet Wireless Zimbabwe have crossed swords over the former's stated intention to coax investors in the mobile telecommunications sector to share infrastructure, raising a protracted s...

by Staff reporter

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