By Tidi Kwidini Chairman of the newly formed Zimbabwe Investment and Development Agency (ZIDA) Busisa Moyo, has said there is a need for ‘more entrepreneurs across the globe’. Moyo, who was a keynote speaker at the online launch of the Zimbabwe UK Business Chamber, said that the world is changing, adding that we are living
By Alois Vinga BUSINESS and labour representatives have clashed over the proposal to set a national minimum wage in a bid to cushion workers whose concerns may not be addressed through their respective National Employment Councils (NECs). The matter is currently under discussion at the Tripartite Negotiating Forum (TNF) – a social dialogue platform which
By Alois Vinga PROPERTY firm Mashonaland Holdings Limited (MHL) has completed the construction of a housing model in Bluff Hill, Harare and work on the main project had resumed. In a recent update, MHL managing director, Gibson Mapfidza said all relevant permits for the intended upmarket housing project are now in place with construction having
Anadolu Agency AS the Covid-19 pandemic keeps closing down businesses and leaving people jobless, new survival strategies in Zimbabwe are offering a silver lining. Solomon Gumunyu owns Kitchen Boutique, a business venture, in the capital Harare. But due to lockdown restrictions, his shop is closed. But with social media came the boon for the 32-year-old.
By Alois Vinga LISTED seed manufacturing giant, SeedCo International Limited (SCIL) has dismissed as false allegation of foul play after its recent decision to delist its local unit SeedCo Limited (SCL) from the Zimbabwe Stock Exchange (ZSE). The remarks come shortly after asset management company, Imara which has been investing in SeedCo Zimbabwe for over
By Bulawayo Correspondent BULAWAYO liquor traders have pleaded with government to introduce a moratorium that would see them being exempted from paying rentals during the current Covid-19 induced lockdown. The dealers argue that the lockdown was threatening to push them out of business, more so, if they continued paying rentals while they were not operating.
By Alois Vinga LISTED sugar processor, Star Africa Corporation Limited (SACL) recorded significant sales volume growth across the main segments on the strength of exchange rate stability among other factors. Presenting a trading update recently for the quarter ended December 31 2020, SACL company secretary, Aldo Nusemburi said stability presented a number of advantages. “The
By James Muonwa Zimbabwe Stock Exchange-listed beverages giant, Schweppes Holdings Africa Limited, through it’s subsidiary Sunrise Citrus Estates, is planning to establish a 2 700-hectare citrus plantation in Beitbridge. Famed for it’s internationally acclaimed Mazoe Orange Crush brand, the company seeks to grow it raw material source for manufacturing of juices for local and foreign
Mining Review THE Blanket gold mine can truly be classified as a survivor. Formal mining operations started in the early 1900s. More than a century later, Blanket is still going strong with +1 Moz having been produced over its life from both fresh ore and tailings. Located 15 km north-west of Gwanda in Zimbabwe in
By Mbekezeli Ncube SCANDALOUS Zimbabwe Miners Federation (ZMF) President Henrietta Rushwaya, arrested last year after attempting to smuggle 6kg of gold to Dubai, has been reinstated as the organisation’s top boss after she was suspended last year. The nine-lives ex-ZIFA boss was suspended by the federation’s committee a few days after the arrest as they
By Alois Vinga LISTED seed manufacturing giant, SeedCo International Limited (SCIT) has finally acquired 78% stake in its local unit SeedCo Limited (SCL) enabling the company to implement its exit from the Zimbabwe Stock Exchange (ZSE). Recently, SCIL said the rationale for the offer was premised on a strategic response to the changes in the
By Alois Vinga LISTED miner, Bindura Nickel Corporation (BNC) has registered a 9 % tonnage output increase among other major improvements in the last quarter of 2020. This week, the group’s company secretary, Conrad Mukanganga revealed that there has been a 20% improvement in development metres achieved at 355 metres. “Tonnes mined increased by 9
By Alois Vinga DARWENDALE platinum miner, Great Dyke Investments’ five-year tax reprieve granted by government recently, now hangs in the balance following an urgent chamber application filed against the controversial policy directive. The mining entity is a joint venture between Russia’s Vi Holdings and Zimbabwe’s Landela Mining Venture (Pvt) Limited and is investing US$3 billion
SABC Greyhound bus service has acceded to the union’s request to halt plans to close its operation. The bus company will now apply for the Commission for Conciliation, Mediation and Arbitration (CCMA) facilitation of Section 189. Earlier this week, Greyhound owners Unitrans announced that its Greyhound and Citiliner bus operations will stop on the 14th
By Alois Vinga LISTED agricultural concern, Ariston Holdings has registered a 65 % surge in banana production alongside good yields on other crops on the backdrop of a good rainy season. Presenting a trading update for the first quarter ended December 31 2020, Ariston Holdings company secretary Aquiline Chinamo said good rains have spurred the
By Alois Vinga PAPER and packaging group, Nampak Zimbabwe suffered significant volumes decline across its business units attributed to the harsh Covid-19 impact on the local economy in the past year. Presenting the group’s performance for the period ended September 30 2020, the group managing director, John Van Gend said the pandemic’s impact took a
By Alois Vinga MULTICHOICE Zimbabwe has urged viewers not to miss the opportunity to view great content on M-Net which ranges from new series, returning favourites to reality shows and blockbusters. Speaking to NewZimbabwe.com Tuesday, MultiChoice Zimbabwe, publicity and public relations manager Liz Dziva said after hitting the ground running last month, this February will
By Alois Vinga AGRO-INDUSTRIAL group, CFI Holdings Limited remains under the Zimbabwe Stock Exchange trading ban but is optimistic that authorities will grant permission allowing the group’s shares to resume trading. ZSE suspended the company’s shares in 2018 after failure to comply with listing requirements. According to the listing rules, a company is obligated to
By James Muonwa, Mashonaland West Correspondent THE successful roll-out of the long-awaited 2 400 megawatt Batoka Gorge Hydro-Electricity project is under threat amid claims of a a sustained social media blitz to disrupt it. Online campaigns by concerned stakeholders opposed to the implementation of the proposed power scheme have allegedly gone into overdrive. This has
By Alois Vinga LEADING retail chain, OK Zimbabwe has hailed the current exchange rate stability and improved foreign currency availability for boosting its operations leading to a 27% growth in revenue. The growth in revenue was recorded April to December 31 2020. Presenting a trading update for the period under review, OK Zimbabwe secretary Margaret
