HARARE – The plight of farm workers continues to deteriorate as farm owners are failing to pay wages on time with some going for months without paying salaries. The Daily News Assistant Editor Maxwell Sibanda caught up with secretary-general of Progressive Agriculture and Allied industries Workers Union of Zimbabwe (Paawuz), Raymond Sixpence whose union is…
HARARE – Netone public relations and special projects manager George Manyaya has joined the Postal and Regulatory Authority of Zimbabwe (Potraz) as head consumer affairs and publicity. The affable executive, who in the past worked for various organisations and has been a board member at the Civil Aviation Authority of Zimbabwe, is expected to improve…
HARARE – Finance minister Patrick is sticking his guns to reducing government expenditure and streamlining under-performing parastatals after he refused to write-off the Industrial Development Corporation (IDC)’s $83 million debt. “The Industrial Development Corporation submitted a request for a direct Budget allocation of $83 million to pay-off their debts,” he said in his 2018 national…
HARARE – Barclays Bank Zimbabwe managing director George Guvamatanga has retired from the financial institution he served for nearly 30 years. He has since been replaced by Samuel Masekete in an acting capacity. Masekete is the bank’s chief finance officer. “The bank is deeply indebted to George for his 28 years of dedicated service, 10…
HARARE – Tri-listed resources concern, Hwange Colliery Company Limited (HCCL), last week revealed it is finalising funding structure negotiations of its exploration deal with its unnamed preferred partner, which is expected to conduct exploration and drill works at its new concessions. The Zimbabwe Stock Exchange-listed miner, which also trades its shares on the London and…
HARARE – Fixed telecommunications services operator, TelOne, has unveiled new home broadband packages which are technology neutral and offer flexible packages from as low as $1 in response to the feedback and needs of the clients,. Being technology neutral means the new packages are applicable to both clients using the ADSL and fibre technologies. The…
HARARE – Listed mining concern, Bindura Nickel Corporation (BNC), has posted a $2,23 million profit after tax in the half year to September representing a 46,8 percent increase from $1,18 million reported in the comparable period last year. In a statement accompanying the results, BNC chairperson Muchadeyi Masunda said the increase in profits was due…
HARARE – Property firm Mashonaland Holdings (Mash Holdings) says its revenues went down by 14 percent to $4,7 million in the full year to September 2017 due to company closures resulting in increased voids. The group’s chairperson Ron Mutandagayi said property expenses at $1,1 million for the year under review were 27 percent below comparative…
HARARE – Leading mobile network operator (MNO) Econet Wireless Zimbabwe has extended its mobile market leadership by growing its revenue market share to 82 percent, and increasing its customer market share to 52 percent between July and September 2017. This is according to the latest third quarter (Q3) industry report by the Postal and Telecommunications…
HARARE – One of Zimbabwe’s top marketers, Douglas Mamvura and renowned banker Ephraim Chawoneka, have resigned from controversy-prone CFI Holdings Limited saying the environment at the Zimbabwe Stock Exchange (ZSE) listed concern was such that staying would have created needless reputational risk for them. Mamvura and Chawoneka were on the CFI board representing Stalap, which…
