adminAriston to proceed with rights offer
Golden Sibanda Senior Business ReporterARISTON Holdings has been given permission to proceed with its rights issue and will no longer have to reconvene the Extraordinary General Meeting that sanctioned the cash call. The Securities Commission
Metropolitan Bank profit up
Business ReporterMETROPOLITAN Bank of Zimbabwe posted a profit of US$2,7 million for the year ended December 31, 2011. This marked an improvement in performance from the US$1,9 million recorded in 2010.
Our doubts: The killer of most opportunities
Ben Chiganze Bassfisherman’s ApproachMy most memorable fishing outing was the last one our family had with our father before he passed on. It was an eventful two weeks camp in G camp in Sapi Safari Area along the Zambezi River. On the
Murowa up for grabs
Tawanda Musarurwa Business ReporterTHE Murowa Diamond Mine in Zvishavane could soon be put up for sale as parent company Rio Tinto International has indicated it will exit the diamond business. The mine, in which Rio Tinto
CBZ profits surge to US$30m
Bright Madera Senior Business ReporterCBZ Holdings profits jumped 61,5 percent to US$30, 3 million to full year ended December 2011 on the back of a significant increase in total income. Total income for the group improved to US$123 million up
Makuvise steps down
Business Reporters
CBZ Holdings chief executive Mr Nyasha Makuvise has stepped down after serving the financial services group for 16 years. Dr John Mangudya, who was the managing director, will succeed him. Group chairman
Sadc: Africa’s best regional grouping
Mandhla NdebeleWar, war, war! War has erupted in Morocco, war in Libya, war in Uganda and war in Somalia but why war in Africa? In recent years, Africa’s regional groupings have been gripped with war except Sadc,
It’s Africa’s time to call the shots
Innocent KatsandeIn the past, there have been countless unsuccessful attempts to improve the economies of individual African countries. However, recent trends now show that this has begun to change in a significant way.