adminTA ditches ZFC, PG
Bright Madera Senior Business Reporter
TA Holdings is considering pulling out of Zimbabwe Fertiliser Company and PG Industries as the businesses are now regarded as “non-core” to group ambitions. Group financial director, Mr Bothwell Nyajeka told an Imara conference last week
Money market interest rates decline
Business Reporter
MONEY market interest rates and lending rates declined marginally in the past three months due to increasing proceeds from tobacco selling and repatriated nostro account balances. Lending rates declined from previous highs of between 18 and 22
EU, AU travelling exhibition opens
Rutendo Mutadzapasi At the Gallery
The European Commission in conjunction with the African Union are set to present the Harare edition of the travelling exhibition titled “Visionary Africa: Art at Work”. The exhibition will run until July 2 at National Art Gallery of Zimbabwe.
Metropolitan rebrands to Metbank
Metropolitan Bank of Zimbabwe has rebranded to Metbank, a move that is in sync with its recent revival, which has seen it posting significant growth. Metropolitan Bank serves large corporations, small-to-medium enterprises and individuals.
In a statement, the bank said it was officially rebranding to Metbank Limited. Recently Metropolitan Bank has enjoyed relative
Govt to announce indigenisation specifications
The Government will soon publish specifications for implementing the indigenisation framework for the remaining sectors of the economy, a cabinet Minister has said. The remaining sectors include agriculture and banking. To date the mining and manufacturing sectors have complied with the indigenisation law, which prohibits foreigners from owning more than 50 percentZimpost to get 10 buses for mail, passengers
Business CorrespondentZIMPOST is set to acquire 10 buses to carry both passengers and mail as it seeks to revamp the company that has been affected by the advent of new technology, an official has said. Zimpost managing director Mr Douglas Zimbango said the
Mashold posts US$1,9m profit
Business Reporter
PROPERTY firm, Mashonaland Holdings posted US$1,9 million in profits for the six months ended March 31, 2012 driven by positive lease agreements. Revenues for the group during the period grew 35 percent to US$3,5 million from US$2,6 million
Manual for parastatals restructuring launched
Martin Kadzere Senior Business Reporter
GOVERNMENT has launched a manual that guides implementation of restructuring of State enterprises and parastatals. The manual would provide various stakeholders with information on the process and basis on which the implementation of the
Global warming: Poor, vulnerable need protection
Jeffery Gogo Climate Story
CLIMATE change and global warming have caused tremendous suffering among the world’s poor and vulnerable. The risk for these groups of people is high for numerous reasons, but the biggest is that they are vulnerable; defenceless, weak and
Rio Tinto plans to dispose of Murowa
RIOZIM Limited is likely exercise its pre-emptive rights over the Murowa Diamond mine as Rio Tinto plans to dispose of the diamond producer. Global mining conglomerate, Rio Tinto owns 78 percent of the Murowa mine, while RioZim owns 22 percent.
Murowa, which is located near Zvishavane, produced 324 000 carats in the last financial year. Rio Tinto signalled its intention to