September 11
Zimbabwe: PPC Zim Remits U.S.$11,3m Dividend to SA Parent Group
PPC Zimbabwe remitted R203 million (US$11,3 million) dividend to its South African parent group following strong volume performance in the full year to March 31, 2024. Read more »
September 09
Zimbabwe: U.S.$111k, R1,2m Heist - Fawcett Staff Quizzed
Five Fawcett Security staff were last week questioned in connection with the armed robbery at the company premises in Chipinge where US$111 411 and R1 281 320 was stolen. Read more »
Zimbabwe: Air Zimbabwe Reopens Training Schools
National carrier Air Zimbabwe has reopened its commercial and technical training schools as part of measures to improve its human resources base and generate income. Read more »
September 05
Zimbabwe: African Sun Sells Two Hotels to Recapitalise
Listed hospitality group, African Sun Limited, has sold Great Zimbabwe Hotel in Masvingo and Beitbridge Express Hotel for a combined US$6,9 million to TD Hotels and Leisure… Read more »
August 21
Zimbabwe: Mat North Provincial Offices Ready for Occupation
THE Matabeleland North provincial offices will move from Bulawayo to Lupane on September 1, following the construction of a new office complex and the development will bring… Read more »
August 20
Zimbabwe: Hippo Sugar Volume Dips 7pc
HIPPO Valley Estates Limited recorded a seven percent decline in domestic sales in the first quarter to June 2024, due to the spillover effect of duty-free sugar imports on the… Read more »
August 19
Zimbabwe: Pricing Stability Drives Ok Zim Volume Recovery
Retailer OK Zimbabwe says the stability of pricing during the four months to June 30, 2024, contributed positively to volume recovery, as customers responded favourably to the… Read more »
August 15
Zimbabwe: Caledonia Records 20pc Jump in Gold Production
Caledonia Mining Corporation says gold output at the company's Zimbabwean operation, Blanket Mine, jumped by 20 percent in the second quarter of this year to 20 773 ounces compared… Read more »
August 13
Zimbabwe: Truworths Enters Corporate Rescue
Clothing retail giant Truworths and all its subsidiaries have been placed under corporate rescue, a local form of bankruptcy protection. Read more »
Zimbabwe: Scheffler Claims Tour's U.S.$8m 'Business' Bonus
Scottie Scheffler earned an US$8 million bonus by finishing No 1 on the Comcast Business Tour Top 10 for the 2024 PGA Tour's FedEx Cup regular season. Read more »
August 08
Zimbabwe: Zimra Loses U.S.$15,9m Tax Dispute Against Nestle
The long running legal dispute between Zimbabwe Revenue Authority (Zimra) and Nestlé Zimbabwe over US$15,9 million income tax assessments for the period 2009 to 2013 has… Read more »
Zimbabwe: Nedbank Zim Records Constant Loans Growth
Nedbank Group says its loan book Zimbabwe has been on a constant growth trajectory largely driven by the US dollar book from which the bank is supporting key productive sectors,… Read more »
August 06
Zimbabwe: Pick N Pay Raises R4bn in Rights Offer
The Pick n Pay Group has successfully completed its rights offer, raising R4 billion in capital with substantial market support. Read more »
August 05
Zimbabwe: Netone Eyes U.S.$230m Revenue Over 12 Months
Business Reporter Read more »
July 30
Zimbabwe: Afreximbank Earmarks U.S.$400m for Zim Firms
The African Export-Import Bank (Afreximbank) has earmarked US$400 million for Zimbabwean-based pan-African firms seeking to undertake investments across the continent, a… Read more »
Zimbabwe: Air Zim Resumes Harare-Joburg Flights
Air Zimbabwe yesterday resumed flights from Harare to Johannesburg. Read more »
July 24
Zimbabwe: Airzim to Resume Direct Flights to London
Plans are underway to resume direct flights from Zimbabwe to the United Kingdom, a move aimed at boosting trade and to capitalise on the country's centrality in the Sadc region,… Read more »
Zimbabwe: Zig Acceptance Grows Across Economy - RBZ
The Reserve Bank of Zimbabwe (RBZ) has noted the growing acceptance of the local currency, ZiG, by both businesses and individuals, as the central bank continues its efforts to… Read more »
Zimbabwe: Why Do Companies Leave the JSE?
If you were a major shareholder, founder, chief executive officer or a family board running a JSE-listed company, why would you consider delisting from the exchange? Beyond all the… Read more »
July 23
Zimbabwe: CBZ Invests U.S.$150m in High-End Housing Project
Senior Business Reporter Read more »
July 03
Zimbabwe: Concern Over Arrival of Dangote's Petrol
Chairman of the Dangote Group: Aliko Dangote has said that Premium Motor Spirit popularly referred to as petrol from his refinery would hit the market in the third week of July.… Read more »
June 27
Zimbabwe: Dark and Lovely Shampoo Recalled
The Consumer Protection Commission (CPC) has directed the removal from the market of 50ml single use Dark and Lovely neutralising shampoo after it emerged that it contains bacteria… Read more »
June 26
Zimbabwe: Liquid Unfazed By Starlink Entry Into Zim Market
Liquid Intelligent Technologies says it is not worried about the imminent entry of billionaire Elon Musk's global internet service provider, Starlink, into the Zimbabwean market. Read more »
June 25
Zimbabwe: Westprop to Complete U.S.$4bn Project in 2025
Listed property firm -- WestProp Holdings Limited is targeting the first quarter of 2025 to start construction works for the final phase of its US$4 billion Pomona City project in… Read more »
Zimbabwe: Africa Employers to Vote On New Code
Employers, labour unions and rights groups in Africa have until October to respond to a new proposal that will require organisations to report on how they hire and pay workers and… Read more »