HARARE – Zimbabwe’s oldest healthcare funder, Premier Service Medical Aid Service (Psmas) says its turnaround strategy is now bearing fruit. The group’s managing director, Tendai Kapunha said the healthcare funder, which was established in 1930 and is currently battling legacy debts of up to $300 million, is now on its feet after implementing new policies…
HARARE – CABS has applied for a default judgment against former deputy Finance minister and Zanu PF Mutoko South MP David Chapfika in a bid to recover a $366 000 loan that the politician secured using his late brother’s estate. In the application filed on Tuesday last week, CABS cited Chapfika, his company Racewin Trading…
HARARE – Oxlink Capital will tomorrow host an investment conference whose aim is to provide a platform for potential investors, business and government to come up with ways to increase the flow of investment into the country. The conference is coming a week after Zimbabwe hosted the Zimbabwe Mining Indaba where International investors got a…
HARARE – The Zimbabwe Stock Exchange (ZSE) faltered as it opened with a total market capitalisation of $8,7 billion after shedding 1,19 percent in the week of March 2, 2018. Indices slipped back into the red on the first day of the new month except for the Mining Index which was constant at 124,91 points….
HARARE – The central bank is issuing a seven percent per annum savings bond in a move aimed at providing investors with a platform to save and invest in high yielding instruments. According to a statement by the Reserve Bank of Zimbabwe (RBZ), the bond is open to individuals, companies, pension and provident funds, life…
HARARE – Listed agricultural manufacturing counter, Zimplow, has declared a $300 000 dividend for the year to December 31, 2017 after embarking on a successful restructuring excursive. This is the firm’s first dividend following three years of turbulence as the firm has been recording losses since 2013. Zimplow company secretary Maxwell Chinorwadza said the 0,13…
HARARE – State-run mobile network operator, NetOne, has appointed former Vodacom executive Lazarus Muchenje as its new chief executive with effect from April 1, 2018. He takes over from Brain Mutandiro, who has been acting since June 2016 after the then CEO Reward Kangai was suspended the previous month for three months as the operator…
HARARE – Zimbabwe has gazetted the retail price for Diesel 50 (D50) at $1,22 per litre as the country moves to phase out on high sulphur diesel – Diesel 500 (D500) by May 2018. Diesel 50 is a low sulphur diesel that contains 50 parts per million (ppm) sulphur, which is lower than the regular…
BULAWAYO – The Zimbabwe International Trade Fair (ZITF) will this week hold Exhibitor Master Classes in both Harare and Bulawayo as preparations for this year’s edition of the annual multi-sectorial business expo gathers momentum. In its second year running, the Exhibitor Master Class is a stakeholder responsibility programme by the ZITF meant to ensure that…
HARARE – Tri-listed coal miner, Hwange Colliery Company Limited (HCCL), has revived plans to construct a new coke oven battery, it has been learnt. HCCL, which is listed on the Zimbabwe Stock Exchange and also trades its shares on the London and Johannesburg stock markets, initially wanted to construct the new coke oven battery using…
