September 15, 2011

• Zimbabwe: U.S. Faces Country Cash Lawsuits

  INDIVIDUALS and companies losing money through the United States' Office of Foreign Assets Control should engage lawyers and challenge the embargo in international courts. Read more »

September 14, 2011

• Zimbabwe: Zimplats to Proceed With Expansion Plan

  PLATINUM mining giant Zimplats says it will proceed with its US$460 million expansion plan after agreeing with Government on a process to produce an acceptable revised... Read more »

September 13, 2011

• Zimbabwe: South Africa Firm Sets Up Local Operation

  SOUTH AFRICAN-BASED financial services firm Vunani Capital has expanded into Zimbabwe via the establishment of Vunani Capital Zimbabwe, in partnership with Zimbabwean banker Mr... Read more »

• Zimbabwe: Blanket Mine Surpasses Gold Production Target

  TORONTO-based Caledonia Mining Corporation's Blanket Mine has surpassed its underground gold production target by 36 percent to 1 361 tonnes of ore a day. Read more »

• Zimbabwe: Radar Plans to Dispose of UBM

  RADAR Holdings Ltd intends to dispose of its subsidiary, United Builders' Merchants, to a consortium led by Mr Bob Hamill, the managing director of the hardware retail company, for... Read more »

• Zimbabwe: Telecel Boss in Permit Dilemma

  TELECEL Zimbabwe managing director Mr Aimable Mpore is in a dilemma following revelations he has been failing to renew his work permit after it expired early this year. Read more »

September 12, 2011

• Zimbabwe: Stock Losses Drag ZSE Lower

  LOSSES in selected heavyweight stocks dragged the Zimbabwe Stock Exchange low last week as the main index dropped 0,2 percent. Read more »

• Zimbabwe: Zimre Revenues Rise 53 Percent

  ZIMRE Property Investments (Pvt) Ltd's total revenue for the half year to June 30 rose to US$1,85 million, up 53 percent from US$1,21 million in the corresponding period last year. Read more »

• Zimbabwe: Newzim Steel to Hold First Board Meeting

  NEWZIM Steel Limited will hold its first board meeting under new investors Essar Global Limited at the end of this month with discussions centring on the revival strategy for the... Read more »

• Zimbabwe: Kingdom Eyes ZSE Relisting

  KINGDOM Financial Holdings Limited is likely to re-list on the Zimbabwe Stock Exchange next year after this year's financial audit. Read more »

September 9, 2011

• Zimbabwe: Innscor Posts 51 Percent Profit After Tax

  DIVERSIFIED retail conglomerate Innscor Africa recorded a 51,3 percent increase in after-tax profit for the full year to June 30 2011 driven by better efficiencies, strong volume... Read more »

• Zimbabwe: Zimplats to Submit New Proposal

  ZIMBABWE leading platinum miner Zimplats has requested for more time to prepare a compliant indigenisation plan in line with the Indigenisation and Economic Empowerment Act after... Read more »

• Zimbabwe: U.S.$250 Million Housing Project Ready to Roll

  Local company Carey Farm (Pvt) Limited plans to splash US$250 million on developing the Beverly Hills Golf Estate suburb into an upmarket and exquisite residential area. Read more »

September 8, 2011

• Zimbabwe: Wbcg to Engage Local Businesses

  THE Walvis Bay Corridor Group will be in the country this month to engage local businesses on the use of the Walvis Bay Corridors as a major trade route. Read more »

• Zimbabwe: Econet Share Price Tumbles

  ECONET shares dropped US10c on the Zimbabwe Stock Exchange yesterday despite reports that the country's largest cellular operator will grow its subscriber base to six million by... Read more »

September 7, 2011

• Zimbabwe: Cimas, PSMAS Probe Dropped

  THE Competition and Tariff Commission has dropped plans to probe allegations of restrictive practices by Cimas and PSMAS in the ambulance services sector after the principal... Read more »

• Zimbabwe: TA Holdings on Recovery Path

  INVESTMENT Company TA Holdings says its recovery forecast is to continue streamlining operations and disposal of non-profitable and non-core local operations. Read more »

• Zimbabwe: Old Mutual Gets One-Week Ultimatum

  OLD Mutual has come under fire for failing to fulfil the indigenisation plan it tabled last year amid revelations that the country's largest insurer's major shareholders are now... Read more »

• Zimbabwe: Indigenisation - Zimplats to Lose Licence

  GOVERNMENT says it will soon start the process of cancelling platinum giant Zimplats' operating licence after efforts to persuade the firm to comply with indigenisation... Read more »

September 6, 2011

• Zimbabwe: New Dawn Signs MOU With Govt

  TORONTO-LISTED gold mining firm New Dawn Mining Corporation has signed a Memorandum of Understanding with the Ministry of Youth Development, Indigenisation and Empowerment over the... Read more »

• Zimbabwe: Turnall Targets U.S.$300 Million Turnover

  ZIMBABWE Stock Exchange-listed Turnall Holdings Limited is targeting US$300 million turnover annually by 2015 as Government increases infrastructure support to improve sanitation. Read more »

• Zimbabwe: Zesa Posts U.S.$100 Million Loss

  POWER utility Zesa Holdings posted a US$100 million loss in the six months to June and attributed the poor performance to sub-economic tariffs. Read more »

September 5, 2011

• Zimbabwe: FBC Records 135 Percent Profit Increase

  FBC Holdings Limited has recorded a 135 percent increase in profit after tax to US$4,94 million for the six months ended June 30 compared to the same period last year. Read more »

• Zimbabwe: BNC Seeks U.S.$50 Million for Revival

  BINDURA Nickel Corporation is seeking borrowing powers to raise up to US$50 million from shareholders to revive operations, in addition to entering into a US$10 million convertible... Read more »

• Zimbabwe: West Foods Acquires Red Star Wholesalers

  West Foods Group has announced its takeover of Red Star Wholesalers in a US$2 million deal. The cost of acquisition includes listing rights, goodwill in business and first right of... Read more »