News

Regional sugar processor Tongaat Hulett reported an operating profit of R1.27 billion ($95.7 million) in the year to March from an operating loss of R15 million ($1.13 million) recorded last…

The Deposit Protection Corporation (DPC) has paid  $2.95 million to the collapsed AfrAsia Bank Zimbabwe’s preferent creditors, and blamed the cash crunch for delays in payment. The central bank cancelled…

Zimbabwe’s mineral exports increased 27 percent to $852.6 million in the period January to May 12, up from $668.5 million during the same period last year on the back of…

Mines minister Walter Chidhakwa today apologised to platinum miners for announcing a $200 million refinery deal with Australia’s Kelltech Ltd without consulting them, reflecting the industry’s unease at government’s latest…

Zimbabwe’s banks have welcomed a new law that allows people to use cows, chickens and goats as collateral because it gives them security that they did not have before, Finance…

Crocodile farming company Padenga Holdings shareholders yesterday approved a plan to set up a share option scheme for its employees and grant options to its management, which will give the…

Cable manufacturer CAFCA has reported a 41 percent increase in profit before tax to $327 000 for the six months to March, largely as a result of reducing costs and…

Zimbabwe’s President Robert Mugabe today officially launched the start of work on the dualisation of the Harare-Beitbridge highway for $984 million. The highway is Zimbabwe’s busiest and most economically significant.…

Senior citizens pensions under the National Social Security Authority (NSSA) might be reviewed upwards from the current $60 a month first to $100 and then to $150, Minister of Public…

Zimbabwe’s smallest mobile network operator, Telecel  is in discussions with investors over a $200 million loan seen as crucial to reviving its operations. Telecel has 1.8 million active subscribers out…