Cimas suspends online drug claims after losing $1.2m to fraud

May 16, 2015

Cimas Medical Aid Society has suspended online drug claims after losing $1.2 million in fraudulent claims, with the society incurring…

MDC condemns passage of RBZ Debt Assumption Bill

May 16, 2015

The Movement for Democratic Change-Tsvangirai has condemned the passage of the Reserve Bank of Zimbabwe Debt  Assumption Bill on Tuesday…

Inflation eases to -2.65pct

May 15, 2015

Zimbabwe’s inflation eased to -2.65 percent year-on-year in April after shedding 1.45 percentage points on the March rate of -1.20…

Brainworks ups African Sun stake to 55 percent

May 15, 2015

Private equity investment and advisory firm, Brainworks Capital Management has increased its shareholding in African Sun to 55.11 percent after…

Zimplats output down, Mimosa up

May 15, 2015

The world’s second largest platinum miner, Impala Platinum says it has seen mixed performances at its Zimbabwe units with tonnes…

Phoenix records $8m turnover and secures CABS loan

May 15, 2015

Plastic and steel products maker, Phoenix Consolidated which is currently under judicial management, recorded a turnover of $8 million last…

Cafca sales up 41 percent

May 14, 2015

Cable manufacturer Cafca’s revenue grew by 41 percent to $14 million for the six months ended 31 March compared to…

Union appeals against Mbada dismissals

May 14, 2015

The labour union representing sacked Mbada Diamonds workers has appealed to the National Employment Council for the mining industry to…

Bulawayo business community asks for suspension of rules barring importation of substandard goods

May 14, 2015

The Bulawayo business community has asked government to suspend its move to undertake pre-shipment standard compliance monitoring on goods destined…

No power, no pay

May 14, 2015

A Harare tobacco company has told its workers that they will not be paid if they stop work because of…