adminDairibord gets US$4m from PTA Bank
Bright Madera Senior Business Reporter
DAIRIBORD Holdings secured US$4 million from the PTA Bank in the first quarter of the year for capital projects and working capital. Group chief executive Mr Anthony Mandiwanza said the long-term funding attracts 11 percent interest, with a grace
M&R takeover almost complete
Martin Kadzere Senior Business ReporterMURRAY & Roberts is close to sealing a deal in which it is selling its stake in M&R Zimbabwe to a consortium of locals and foreigners. The deal is a golden opportunity for the consortium, rumoured to be headed by M&R Zim chairman and politician Mr
JSE opens slightly lower
Johannesburg. — After opening slightly lower, the JSE was flat at noon on Friday, having picked up marginally after a recovery in resources shares from their session lows. The main European benchmark stock market indices were also flat-lining in the absence of fresh moving market data. Hennie Fourie, stockbroker at PSG Konsult, said the local bourse was likely to trade in aMbira exponent eyes top award
Business ReporterMBIRA music exponent and budding entrepreneur Barbara Nyika could score a first for Zimbabwe after she was shortlisted for the 2012 Empretec Women in Business Awards to be presented in Doha, Qatar, today. Nyika and Empretec Zimbabwe executive
Get on the indigenisation train
Fanuel Kangondo EntrepreneurshipEconomic empowerment appears to be the buzz word in town these days and it seems everyone ranging from the youth, women and even established businesspeople want a slice of the action. You get to hear questions such as “How can we get
‘Capital markets must reflect Zim’s potential’
Tichaona ZindogaZIMBABWE’S capital markets should reflect and respond to the country’s potential and prospects, Securities Commission of Zimbabwe chief executive Mr Tafadzwa Chinamo has said. The SECZ is a regulator of the capital or securities markets that also
Mwana shareholders approve share sale
Business ReporterSHAREHOLDERS of mining conglomerate Mwana Africa have approved a share sale in a bid to revive the Trojan Nickel Mine. The share sale is anticipated to raise around US$35 million, part of which will be used to fund the restart of the nickel project. A
Musariri retains regional freight post
Business ReporterShipping and Freight Forwarding Agents’ Association of Zimbabwe chief executive Mr Joseph Musariri has been re-elected president of the Federation of Clearing and Forwarding Agents of Southern Africa. His re-election for another two-year term, in
Zimbabwe needs green businesses
Jeffrey Gogo Climate StoryAPART from Environmental Impact Assessments, Zimbabwe must, in the spirit of clean development, start investigating the possibility of instituting policies that compel companies to publicly report on their environmental efficiencies. The policies,
Stocks recover, equities trade higher
Business ReporterTHE ZSE equities traded higher on Friday on gains in selected heavyweight counters in a session characterized by improved activity. Buying into blue chip counters pushed the industrials 0,7 percent up or 0,94 to close at 133,83 points. The mining