admin55000 workers lose jobs in three years
Bianca Mlilo Business Reporter— A TOTAL of 55 000 workers lost their jobs in the past three years due to various reasons that include lack of financial resources to keep the…
Dimaf boosts Byo firms
Bianca Mlilo Business Reporter BULAWAYO companies that benefited from the Distressed Industries and Marginalised Areas Fund (Dimaf) have reported positive results. The $40 million joint industry package was introduced in 2011 supported…
CBZ offloads $40m bad debts
Oliver Kazunga Senior Business Reporter CBZ Holdings has in the half year ended June 30, 2016 increased to $40 million bad debts that have been acquired as Non-Performing Loans by the…
PPC approves $253 million rights issue
REGIONAL cement producer Pretoria Portland Cement (PPC) says it “is fundamentally strong and profitable with a solid operating base” and is on track to complete its projects in Zimbabwe, DRC…
Foreign investor applications down 70pc
Bianca Mlilo Business Reporter FOREIGN investor applications dropped by average 70 percent in the first quarter this year compared to the same period last year due to negative international perception, an…
Stop being crybabies, industry told as Torre Zim opens Hwange branch
Leonard Ncube in Victoria Falls TORRE Zimbabwe, a leading distributor of earthmoving, construction and agricultural equipment, has opened a branch in Hwange town as it seeks to expand its market…
NMB, Rabobank pool resources to finance banks across Africa
Bianca Mlilo Business Reporter NMB Zimbabwe (NMBZ) Bank shareholders have joined forces with Rabobank of Netherlands to pool investments in financial institutions across Africa. The new company formed out of the partnership…
CFI’s subsidiaries placed under judicial management
Martin Kadzere Harare Bureau CFI Holdings’ key subsidiaries have been placed under provisional judicial management to allow for debt restructuring, re-organisation and recapitalisation of the entities. The High Court granted the order…
Bytes appoints Lighthouse Xerox distributor in Zim
Bianca Mlilo Business Reporter BYTES Document Solutions (BDS) has appointed Lighthouse Print as an authorised Xerox distributor in Zimbabwe, in line with the company’s identification of the country as its key…
Apply forensic science to stem corruption: VP
Harare Bureau Vice President Emmerson Mnangagwa said there is need for a collective effort to fight corruption as it is not only limited to the public sector but is also…