adminProteas get their prize
JOHANNESBURG. — Proteas captain Graeme Smith said yesterday he was honoured and humbled to receive the prestigious Reliance ICC Test Championship mace and prize money on behalf of all South Africans.
Sharks can only watch
JOHANNESBURG. — The Sharks will spend the Easter Weekend watching the rugby on television while banking their four Vodacom Super Rugby log points for the bye, and the Cheetahs shouldn’t be challenged by the Rebels, but it’s set to be a testing Saturday for the Stormers and the Bulls.Ecobank returns to profitability
Ecobank Zimbabwe bounced back to profitability for the year ended December 31 2012, posting a net profit of US$306 000 from a US$5,9 million loss the previous year.
Chairman Mr David Whartman attributed the recovery to an effective implementation of the bank’s strategic plan which entailed increasing the bank’s distribution network,
Chinese firm to build six chrome smelters
Chinese firm, Afrochine Smelting said on Wednesday it will commission two chrome smelters in June. Afrochine plans to build six smelters with capacity to produce 50 000 metric tonnes of ferrochrome per year.
CCZ petitions Parliament
The Consumer Council of Zimbabwe on Wednesday petitioned Parliament to pass a consumer protection law which it said was long overdue.
The CCZ has been lobbying Government since 2010 to enact the Consumer Protection Act.
Businesses urged to think global
Business Reporter
Local business organisations have been challenged to develop a global mindset and vision in their ventures as advances in information communication technologies have created a global market.
US$32m boost for Hwange
Martin Kadzere Senior Business Reporter
HWANGE Colliery Company has concluded mining equipment supply facilities worth US$32 million as the company seeks to boost output.Substantial deposits for the new equipment and machinery have been made and delivery is expected by the end of June, chairman Mr Farai Mutangamira said.
Zimplats files objection over claims
ZIMPLATS, the country’s largest platinum firm says it has lodged an objection against the Government’s intention to acquire over 28 000 hectares of its idle claims.
Last month, the Government repossessed 27 948 hectares of Zimplats ground for allocation to other investors.
Zim to get US$440m
Golden Sibanda Senior Business Reporter
ZIMBABWE is set to receive US$440 million in lines of credit from India to support projects identified by the Industrial Development Corporation.This is the culmination of talks concluded yesterday with the signing of a bilateral agreement signed in Harare.
BAT trustees notarise deed
Business Editor
TRUSTEES of the British American Tobacco Zimbabwe Tobacco Empowerment Trust yesterday notarised the deed of trust formalising the operations of the empowerment vehicle that will benefit thousands of tobacco growers, particularly women and the youth.