RioZim narrows losses on improved gold output

October 2, 2015

Resources group RioZim’s half year loss narrowed to $6.9 million from $7.4 million last year, on improved gold output. The…

Starafrica seeks strategic investor

October 1, 2015

Starafricacorporation it is actively looking for a strategic investor to inject working capital in the struggling company and will seek…

Rental defaults up to 40 percent as liquidity crisis bites

October 1, 2015

Returns on property investments have been hit by high default rates which are over 40 percent, reflecting a worsening liquidity…

Mnangagwa says Zimbabwe property in South Africa that was auctioned was not covered by diplomatic immunity

October 1, 2015

The Zimbabwean government property in Cape Town which was auctioned for R3.76 million to cover legal costs that the government…

Hwange Colliery makes $15.6 million loss in six months faces $40 million lawsuit

October 1, 2015

Struggling coal miner Hwange Colliery Company (HCC) widened its half year losses by more than 90 percent to $15.6 million…

Delta cuts beer prices because of weak demand

October 1, 2015

Delta Beverages has slashed prices for its lager beers by between five and 10 cents from today to offset softening…

Lafarge says demand for cement down, reports $1.4million loss in six months

September 30, 2015

The local unit of global building materials manufacturer LafargeHolcim reported an after tax loss of $1.39 million for the half…

Mashakada says Mugabe should run One-Stop Shop Investment Centre for it to work

September 30, 2015

Hatfield Member of Parliament and former cabinet minister Tapiwa Mashakada says the proposed One-Stop Shop Investment Centre, meant to ease…

Unifreight says tough times ahead

September 30, 2015

Logistics and passenger transport group Unifreight Africa today said its half-year to June operating loss worsened to $1.2 million compared…

Mwana  Africa to change name to Asa Resources

September 30, 2015

Mwana Africa’s board of directors have approved a proposal to change the company’s name to Asa Resource Group Plc at…