Stories

Hospitality group African Sun has fired at least nine top managers and consolidated operational oversight under the chief executive’s office in a restructuring move that follows last month’s Supreme Court ruling upholding employers’ right to dismiss workers on notice and without severance packages.

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First Lady Grace Mugabe has told Zimbabwe African National Union-Patriotic Front officials to stop fighting for succession because when time for change comes, God will show them.

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Zimbabwe’s business chamber has expressed concern over the country’s widening budget deficit and said that government borrowings from the local market will weaken an already stuttering economy.

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Harare City Council says it intends to recover city and state lands that have been taken over illegally by land barons and sold off to desperate home seekers.

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Zimbabwe’s largest seed producer, SeedCo, has so far collected $16.2 million from a total of $56 million owed by creditors, a company official has said.

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Zimbabwe’s largest dairy processor, Dairibord Holdings, says it will import 500 heifers this year to help increase raw milk supplies which remain depressed.

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For much of the world, the killing of Cecil the lion was a moment of tragedy and outrage. But for Zimbabwe and other countries, it presents an opportunity to rethink how conservation can truly benefit African citizens.

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Mimosa Platinum Mine’s revenue for the full-year to June rose five percent to $272 million as it delivered all time record production of over 236 000 ounces of platinum group metals (4E).

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Integrated financial services group Old Mutual Zimbabwe recorded a 30 percent increase in after tax profit to $13.1 million in the first half of the year to June, driven by a strong performance of its insurance and banking units.

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Zimbabwe’s largest banking group CBZ Holdings’ earnings jumped 17.4 percent in the first half of the year, as higher interest income helped offset cash shortages and sluggish economic growth.

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