adminMotec clinches deal to supply mining equipment
Business Reporter
Automotive group Motec Holdings has clinched a franchise to distribute heavy machinery supplied by Japanese company Komatsu. Speaking at the launch of Motec Heavy Machinery Company at the ongoing Mining, Engineering and Transport exhibition in Bulawayo on Wednesday, the company’s
Insurance practitioners get diplomas, certificates
Business ReporterA TOTAL of 72 insurance practitioners received diplomas and certificates during the Insurance Institute of Zimbabwe annual graduation ceremony held at a local hotel on Friday last week. Of the 72 graduates 21 were inaugural recipients of the Associateship diplomas under the Associateship
Smartphones spur Samsung to record US$4,5bn net profit
SEOUL. — South Korea’s Samsung Electronics last week posted a record net profit of 5,19 trillion won (US$4,53 billion) in the second quarter, powered by strong smartphone sales despite the global downturn.TN Bank share price tumbles
Business ReporterTN Bank’s share price dropped 37,5 percent to trade at US20c since its separate listing on the local bourse mid this month. The former TN Holding unit continues to recorrect post demerger after its initial listing price of US32,08c. The opening price was at par with what Econet Wireless Zimbabwe
OK Zim revenue surges
Bright Madera Senior Business ReporterOK Zimbabwe Limited says revenue for the first quarter to June 30 2012 increased 31 percent to US$117 million from US$89 million recorded during the corresponding period last year.
World Bank hails Zim debt strategy
Martin Kadzere Senior Business Reporter
THE World Bank has commended Zimbabwe’s new strategy to retire its foreign debt, hinting that the Bretton Woods institution may reconsider funding some programmes, the bank’s country manager, Mr Mungai Lenneiye, said.
Apama road accident victims buried
Arts CorrespondentTHE two members of popular dance group, Apama Styles School of Theatre Art, who died while on their way to an arts festival in Mozambique last week, have been buried. The two dancers — identified as Never Sibanda and Thenjiwe Ngwenya — died on the spot while their leader David Machowa
African achievements book launched
Entertainment ReporterAfrican achievements are being commemorated in a new Book of African Records published this week. In a speech at the launch, Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere urged Zimbabweans to uphold the pan-African ideology and celebrate the beauty of
American writers to grace book fair
Richmore Tera Arts CorrespondentTHE Zimbabwe International Book Fair, which opens today, promises to be bigger and better with some foreign writers showing interest in being part of the event. This afternoon, the book fete will receive a major boost when five American award-winning authors from the University of Iowa arrive in the
Zimpraise for national tour
Entertainment ReporterFresh from hosting a successful concert at the Harare International Conference Centre, plans are afoot for Zimpraise Choir to go on a national tour in September. Zimpraise Choir, an interdenominational group made up of youthful musicians, will start their tour in Gweru, moving to Bulawayo and