News

Caledonia Mining Corporation has cut its gold production target this year to between 52 000  and 57 000 ounces from 60 000 oz despite improvements in tramming capacity at its…

Zimbabwe Tourism Minister Walter Mzembi who has spent almost two years campaigning to become the next United Nations World Tourism Organisation’s secretary-general lost the job today raising questions about whether…

Cigarette maker BAT said its first quarter performance was generally flat compared to the comparative period last year, but expects a strong second half anchored by investments in the company’s…

Many would like to consign the polarising debate about “white monopoly capitalism” (WMC) in South Africa to the margins. They argue that its proponents are nothing more than Marxist ideologues…

Barclays Bank of Zimbabwe has reported a marked decline in net interest income for the first four months of 2017, compared to the same period last year on reduced corporate…

CBZ Holdings’ income in the first quarter to March increased 7 percent to $37.7 million, driven by a surge in business in the three month period. In an update after…

The Deposit Protection Corporation (DPC) is looking for new investors to acquire Tetrad Investment Bank for $25 million after creditors agreed to accept shares and cash, leaving the troubled bank…

President Robert Mugabe does not sleep during conferences as often reported by the media. He just rests his eyes because he cannot suffer bright lights, his spokesman George Charamba told…

Zimbabwe’s competition watchdog has opened an investigation into a case of suspected anti-competitive behaviour between the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and CAFCA. ZETDC is a subsidiary of…

Innscor has made an offer to acquire minorities shares in Zimbabwe’s largest pork and meat processor, Colcom in exchange for Innscor shares and plans to delist the company from the…