HARARE – Zimbabwe’s largest platinum producer, Zimplats, recorded a $97 million profit after tax in the year to June 2014, up 42 percent from $68 million realised in prior comparable period. During the period under review, the Australia Stock Exchange-listed miner — 87 percent owned by South Africa-based Impala Platinum Holdings — registered a 22…
HARARE – Printing and related services group Celsys Limited (Celsys) seeks readmission to the Zimbabwe Stock Exchange (ZSE) after its majority shareholder, Blueberry International (Blueberry), cancelled a mandatory offer to minorities. The group was voluntarily suspended from the bourse in August 2012. “…Blueberry will no longer be making an offer to minorities but will instead…
HARARE – Reserve Bank of Zimbabwe (RBZ)’s move to create a special purpose vehicle that houses $700 million non-performing loans (NPLs) will help ease the liquidity crisis in the country, the Bankers Association of Zimbabwe (Baz) has said. Sam Malaba, the association’s president, said the vehicle was very important for the banking and financial sector….
HARARE – Government is looking into bids for the development and installation of a mining cadastre information system, deputy Mines minister Fred Moyo has said. The system — an electronic register showing details of ownership and value of land; for the purpose of taxation — is expected to help Zimbabwe ascertain the number of players…
HARARE – Joyous Celebration co-founder Lindelani Mkhize, who was part of the judges at the Harvest House International Clash of Hub Choirs in Bulawayo on Sunday, has lauded the musical prowess of Zimbabwean choirs. “Let me tell you, Bulawayo has got talent. I am impressed by the performances of the various choirs,” Mkhize said. The…
HARARE – Organisers of the inaugural Banakazi Tambai Women Cultural Festival, an all-female traditional dance contest which will take place over two days next month, say preparations for the event are at an advanced stage. Nyadzisai Mirisawu, the finance and marketing executive of the Zimbabwe National Traditional Dance Festival, told the Daily News that the…
JOHANNESBURG – M-Net and Endemol SA today announced that due to a devastating fire at the Big Brother house on 2 September 2014, ‘Big Brother Hotshots’ will not launch this Sunday (7 September) as scheduled. This unfortunate incident has forced organisers of the reality show to consequently postpone the show indefinitely, the launch of this…
BULAWAYO – Dumi Nyongolo, a protégé of Afro-jazz artiste Jeys Marabini, will record his second album in South Africa in October. Nyongolo, who went solo three years ago after working as a backing vocalist and percussionist, has lined up a 15-track offering. “The reason why I decided to record across the border is simply because…
HARARE – President Robert Mugabe today comes face to face with angry Zanu PF faction leaders during the party’s politburo meeting amid fears that top politicians jostling to replace the 90-year-old are prepared for an open showdown with the veteran leader. Mugabe will chair the key meeting of his ruling party’s top decision-making body with…
HARARE – Parliament’s portfolio committee on Indigenisation and Economic Empowerment has challenged Hurungwe West legislator Temba Mliswa to substantiate his claims that some members of the committee had been corrupted by Green Fuel founder Billy Rautenbach. In a note outlining steps on how the august House was to tackle the contentious April 2014 issue and…
