adminPPC plans US$200m cement plant
Martin Kadzere Senior Business Reporter
PPC Zimbabwe intends to spend at least US$200 million on building a new cement processing plant in Mashonaland Central Province with an annual capacity of one million tonnes, managing director Mr Zak Limbada said yesterday.
Zim needs US$4bn stimulus package: Biti
Golden Sibanda Senior Business Reporter
ZIMBABWE urgently needs US$4 billion to reinvigorate sluggish economic performance and address some of its key infrastructure deficiencies, Finance Minister Tendai Biti has said.
Deliver on promises,insurance firms urged
Business Reporter
The Zimbabwe Pension and Insurance Rights Trust (ZimPIRT) has called on insurance and pension companies to be transparent and deliver on their promises to policyholders and pensioners.
SA platinum mines eye Zim
Johannesburg. — Platinum mining companies are expected to ramp up operations in Zimbabwe after production dropped to an 11-year low in South Africa, Business Day reported on Monday.
Inflation on the rise
Business Reporter
ZIMBABWE’S annual rate of inflation went up 0,14 percent to 3,38 percent in the month of October. According to the Zimbabwe National Statistical Agency, this was a gain on the 3,24 percent that was recorded during September.
Hard work brings growth
Hard work is the profound basis upon which economic growth and development of any nation can be realised. Hard work means every citizen embracing a clearly articulated national work ethic that acts as the springboard to conjure citizens to apply their abilities with focus and intensity towards achieving both personal and national goals.
Zimbabwean ranked SA’s most powerful CEO
JOHANNESBURG. — MTN Group chief executive and president, Sifiso Dabengwa is the most powerful black chief executive officer in South Africa. Dabengwa is a Zimbabwean and the results came from a survey by Trailblazers, which tracks and celebrates South Africa’s inspiring black-administered success stories.
Nokia confident of Africa dominance
JOHANNESBURG. — Nokia, the Finnish mobile phone manufacturer, is confident of maintaining its market share in the continent despite intense competition from rivals. Despite such companies as Samsung, which is…
Telkom revenue declines
PRETORIA. — As expected, struggling South African landline services provider, Telkom, yesterday released a disappointing set of results for the six months ended September 30.
PG seeks nod to sell Mutare subsidiary
Business Reporter
PG Industries Limited will convene a meeting of shareholders next month to seek approval for the disposal of Manica Boards and Doors to Old Mutual Zimbabwe.
PG’s stake was diluted from 60 percent to 27 percent during the recapitalisation of MBD and the group contends that the investment in the associate is no longer