DPC reviews deposit protection cover
Business Writer The Deposit Protection Corporation has reviewed upwards the Zimbabwean dollar deposit protection cover with effect from June 23 in line with rising inflation. According to the DPC, deposit…
FMBCH posts strong performance
Oliver Kazunga FMB Capital Holdings Plc (FMBCH), the parent company for First Capital Bank, has recorded a 51 percent spike in profit after tax of US$61,2 million across the group…
Premier shares nosedive
Business Writer Zimbabwe lithium miner, Premier African Minerals (Premier)’s shares took a nosedive on Monday, falling 40 percent, following the release of an update on their offtake and prepayment agreement…
Teller hacks into POSB system
Zvikomborero Parafini A BANK teller, Leeroy Rueben Murera, and his friend, Tizirai Ben Mudarikwa, are being accused of hacking into the core banking system and defrauding POSB. Murera and Mudarikwa…
Mechanic charged with theft and fraud
Zvikomborero Parafini A MECHANIC, who filed a criminal complaint of kidnapping and theft against his client, was hauled to court yesterday charged with theft and fraud. Panashe Karimusango was granted…
Guard handcuffs, rapes woman fetching firewood
Arron Nyamayaro A SECURITY guard was arrested on Sunday for raping a woman he caught illegally fetching firewood at a farm he was guarding in Seke. Alfred Dzenga (46), of…
ZSE profit bulks 250 percent
Enacy Mapakame The Zimbabwe Stock Exchange (ZSE) registered a 250 percent growth in profitability for the year to December 31, 2022 as the exchange implemented several initiatives to broaden the…
Zim/India US$81 million deal to improve NRZ capacity
Oliver Kazunga The National Railways of Zimbabwe (NRZ) is set to improve its operational capacity by 2,5 million tonnes annually once it starts receiving 315 wagons and nine locomotives under…
National Foods pays dividend to workers
THE National Foods Workers Trust earned a dividend of US$188 977 for the half year to December 2022 and the amount is being paid out to qualifying employees who are…
PPC’s loss widens as volumes in SA and Zim come under pressure
Compiled by Karl Gernetzky SA’s biggest cement maker PPC said on Monday its full-year loss widened in its year to end-March, hit by volume declines in its key markets of…








