© CALEDONIA Mining Corporation (Caledonia) gold production declined 7,6 percent to 11 948 ounces during the quarter ended March 31, 2019 compared to 12 924 recorded in prior year as grades recorded in the period proved weaker. [GoogleAd] Caledonia’s chief executive Steve Curtis said on-mine costs increased due to Blanket Mine’s high fixed costs, which…
© LEADING international money transfer service WorldRemit, has seen a 40 percent surge in customers sending money to Zimbabwe for cash collection at ZB Bank locations in just one month only. [GoogleAd] WorldRemit country director for Zimbabwe and head of sub Saharan Africa, Pardon Mujakachi, has hailed the global money transfer service’s partnership with ZB…
© ZIMRE Holdings’ profit for the year ended December 31, 2018 of $3,55 million was 39 percent lower than $5,82 million achieved in 2017 largely as a result of reduced contribution from property and subdued investment income. [GoogleAd] Benjamin Kumalo, the group’s chairperson said in a statement accompanying the financials said the profit outturn in…
© FIDELITY Life Assurance (Fidelity) says it has cut its losses for the year ended December 31, 2018 by half from the prior comparable period on the back of a 44 percent increase in its gross premium income. [GoogleAd] The Zimbabwe Stock Exchange (ZSE) listed life assurance group reported a loss after tax of $614…
© FIDELITY Printers and Refiners (FPR) has introduced an incentive for gold producers in the form of an inflated price to enhance deliveries, which have been subdued of late. This comes as government has set a gold production target of 40 tonnes for 2019 after FPR last year collected 33 tonnes. [GoogleAd] And even though…
© RESERVE Bank of Zimbabwe governor John Mangudya and Indian ambassador Rungsung Masakui are expected at a smartech symposium to be held next month in Harare aimed at driving economic growth through various new technologies. [GoogleAd] Global Renaissance Investment (GRI), which is organising the event, said the conference will come up with ways to harness…
© ZB Bank has partnered with Emergination Africa (EA) to come up with the National Business Case Competition which seeks to nurture young business talent across Zimbabwe. The competition, which kicked off in April and will run until the beginning of next month, is meant for secondary school learners. [GoogleAd] “The competition provides a national…
© OLD Mutual Securities (Omsec) has recommended five counters as top picks on the Zimbabwe Stock Exchange (ZSE) during the second quarter of the year. [GoogleAd] In their portfolio manager’s digest report for the first quarter on 2019, Omsec said the counters are Axia, African Sun Limited (ASL), Cafca, Padenga and Turnall. Axia has three…
© ZIMBABWE’S struggling businesses have implored the government to desist from threatening markets as this risks plunging the economy into a fresh turmoil. [GoogleAd] The southern African nation’s economy, which has been in dire straits since hyperinflation wiped out savings and the Zimbabwean dollar was abandoned, risks sliding into recession this year — according to…
© ANTHONY Mandiwanza, pictured, the group chief executive of Dairibord Holdings Limited believes that while the country’s economy is under severe stress, it can turn around the corner if certain things are done. In this Question & Answer with the Editor-in-Chief of the Daily News on Sunday Hama Saburi, Mandiwanza takes time to field questions…
