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Innscor’s Simbisa profit down 23 percent
Simbisa Brands yesterday reported a 23 percent drop in after tax profit at $3 million for the nine months to June 30 2016 compared to $3.9 million in the prior…
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Denigrating Mnangagwa, Mphoko is denigrating Mugabe
A senior member of the Zimbabwe African National Union-Patriotic Front has told party supporters not to denigrate or undermine any of the country’s vice-presidents as doing so was tantamount to…
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Fidelity profit falls 66 percent
Fidelity Life Assurance reported a 66 percent decline in after tax profit from $2.9 million to $985 000 in the six months to June weighed down by an increase in…
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Hippo Valley banks on Tokwe-Mukosi completion to boost production
Hippo Valley Estates, the local unit of South African sugar processor Tongaat Hulett, says it anticipates production levels to recover on the completion of Tokwe Mukosi dam which is expected…
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MDC-T calls on government not to introduce bond notes because they spell disaster
Zimbabwe’s main opposition Movement for Democratic Change-Tsvangirai has called on the government not to introduce bond notes next month if it has the interests of the people at heart because…
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Minister says some dead companies should now rest in peace
Industry and Commerce Minister Mike Bimha says while there is need to revive Zimbabwe’s industry, some companies should remain dead because they are no longer appropriate. “We have seen a…
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Mugabe must get real and wake up
Zimbabwe President Robert Mugabe must get real and wake up because he will find himself on a lonely journey if he decides to quit the United Nations and, worse still,…
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Rough diamond valuation policy to be out by year-end
The chairman of Kimberley Process Certification Scheme (KPCS), Ahmed Bin Sulayem, who is in the country on a routine visit, today said he expects the diamond industry to come up…
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NicozDiamond sells off Uganda operation
Zimbabwe’s largest short-term insurer, NicozDiamond says it has found a prospective buyer for its Ugandan operation, First Insurance Company (FICO). The Group is looking at disposing of FICO, which it…
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Britain frets over a lost duck and a punctured wheelchair in Zimbabwe
A British peer has complained that the degree of monitoring, auditing and evaluation of projects funded by the British government under its international development programme was grossly over the top…