Mnangagwa warns loss-making State entities
PHILLIMON MHLANGA
President Emmerson Mnangagwa has warned perennial loss-making State-owned entities to “find strategies to stop the worsening culture” as they continue to hurt economic...
NMBZ records half-year profit before tax of $11,8 million
NMBZ Holdings, NMB Bank’s holding company, recorded a profit before tax of $11 757 594 for the half-year ended June 30, 2018, resulting in...
Edcon in talks for $216m rescue funding
Edgars Stores shareholders last week approved the acquisition of intellectual property rights to trademarks and brands assigned to Edgars by Edcon for Zimbabwe. The...
‘Borrowed resources should be utilised effectively’
The International Monetary Fund (IMF) recently published its regional economic outlook for Sub Saharan Africa. IMF resident representative for Zimbabwe Patrick Imam (PI) tells...
Padenga targets avocado, macadamia farming?
STAFF WRITER
Crocodile skins and meat producer, Padenga Holdings Limited, is planning to expand its business portfolio and venture into avocados and macadamia farming.
In a...
Anglo invests US$500 million at Unki since dollarisation
Tinashe Makichi
Johannesburg Stock Exchange listed Anglo American Platinum (Amplats) has invested more than US$500 million at its Shurugwi based platinum unit Unki mine towards...
IPEC tightens screws on insurance companies
PHILLIMON MHLANGA
The Insurance and Pensions Commission (IPEC) has directed all insurance companies to seek approval from the regulator when offering new products into the...
Zim KP compliance under threat
TINASHE MAKICHI/ TAURAI MANGUDHLA
Zimbabwe’s multi-million diamond sector has, once again, been thrown on the spotlight after it emerged that a controversial Lebanese businessman, Robai...
Apple: World’s largest stock company again
Apple Inc. is once again the world’s most valuable company - but at a much lower level than its former peak. The iPhone maker...
Makamba, Mutasa bleeding Telecel
NDAMU SANDU
A potential conflict of interest has been brought to the fore at the country’s third largest mobile network operator after it emerged two...