adminBorder Timbers profits drop
Business Reporter
BORDER Timbers profits for the full year to June 2012 fell 64 percent to US$1,8 million from US$5 million a year earlier due to high wage costs, high repair and maintenance costs and high utilities costs, the company said in a statement yesterday. Revenue for the period was 28 percent up to US$28
Customer is king for high-flier Zodwa
Business Reporter
Traverze Travel and Tours, a leading Zimbabwean leisure and business travel management company, continues to hog the limelight with a commitment to providing the highest standards of professional service with quality and value to both local and regional travellers. Managing
Mixed views over regional currency
Tawanda Musarurwa Business Reporter
THE establishment of a regional common currency is not feasible anytime soon despite the fact that it could provide the solution to Zimbabwe’s liquidity challenges. During his visit to the country last month, PTA Bank president Mr Admassu Yilma Tadesse said joining a regional monetary
BNC seeks US$60m more
Business Reporter
BINDURA Nickel Corporation will require an estimated US$60 million in additional funding to restart its smelter and refinery plant. Due to constraints around raising capital in Zimbabwe and how it struggled to secure funding to restart Trojan Mine, the mining firm might only start mobilising the
NSSA okays US$10m loan to RTG
Martin Kadzere Senior Business ReporterTHE National Social Security Authority has approved a US$10 million medium-term loan to Rainbow Tourism Group for the hospitality group to retire its short-term debt. Sources from both parties told Herald Business in separate interviews that the loan deal with NSSA, a 28 percent shareholder in RTG,
Think outside the box: Mujuru
Walter Muchinguri Assistant Business Editor
STAKEHOLDERS in the agricultural industry have been urged to find common ground to reach an amicable solution to the problems affecting the sector to ensure a successful 2012/13 season. Addressing the stakeholders during a breakfast meeting in Harare yesterday, to gauge the country’s
Apartheid never died in SA
John Pilger
The murder of 34 miners by the South African police, most of them shot in the back, puts paid to the illusion of post-apartheid democracy and illuminates the new worldwide apartheid of which South Africa is both an historic and contemporary model. In 1894, long before the infamous
Golfers ready
Takudzwa Chitsiga Sports Reporter
SCOTT Vincent, Ray Badenoist and Barry Painting are geared up to launch their bid to become the first Zimbabwean team to lift the prestigious Eisenhower Trophy since the World Amateur Team Championship was launched in 1958. The country’s leading three amateurs will carry some red hot
Homeless World Cup: Zim priced out
Collin Matiza Sports Editor
THE 2012 Homeless World Cup soccer tournament kicks-off in Mexico City, Mexico, on Saturday minus Zimbabwe who have failed to travel for this annual event. Zimbabwe were among more than 40 countries that were scheduled to descend on Mexico City this week for this tournament, designed
Seed-Co powers soccer tournament
Takudzwa Chitsiga Sports Reporter
THE inaugural Seed-Co Mhondoro soccer tournament was launched at Rio Tinto High School on Tuesday. The tournament, which will be an annual event, was launched in the presence of Mhondoro-Mubaira legislator Sylvester Nguni and the Deputy Minister of Education, Sport, Arts and Culture,