JOHANNESBURG – South African minister in the President’s Office for Planning, Monitoring and Evaluation, Jeff Radebe, says his country is unfazed by the rejection of its currency on the Zimbabwean market. Radebe, who is also chairman of the South African National Planning Commission, told journalists on the sidelines of the ongoing African Media Forum here…
BULAWAYO – The Zimbabwe International Trade Fair (ZITF) company says it has abandoned plans to construct its initially proposed 300-bed hotel and conventional centre after a research revealed that there was no accommodation crisis in the city. This comes after the company’s chairperson Bekithemba Nkomo in 2013 told the Parliamentary Portfolio Committee on Industry and…
HARARE – Zimbabwe’s largest listed company, Delta Corporation Limited, posted a 19 percent drop in profits to $35,7 million in the six months to September 2015 due to pressure on discretionary spending and the resultant depressed consumer demand. The company’s chairman, Canaan Dube, on Wednesday said Delta’s revenue was also down eight percent for the…
HARARE – Zimbabwe’s largest seed producer, SeedCo, yesterday donated two computers to the Meteorological Services Department in an effort to capacitate farmers with reliable weather data. SeedCo managing director Dennis Zaranyika told stakeholders attending a media luncheon in the capital yesterday that the computers will go a long way in ensuring that farmers are equipped…
HARARE – International electronic firm, Samsung, has begun production of television and refrigerator sets in Zimbabwe, businessdaily has learnt. The company’s country manager, Gavin Claire, confirmed the development but could not shed more light on the actual investment made by the South Korea-based electronic giant. “We have already started manufacturing TVs and refrigerators for sale…
HARARE – SABMiller’s Zimbabwe unit will be unveiling new, state-of-the-art packaging material for Golden Pilsener to keep pace with the world beer packaging trends. Delta Corporation (Delta), 38 percent owned by global brewing giant SABMiller, said the new packaging material will consist of the new pressure sensitive label on the 340ml non-returnable pack, refreshed labels…
HARARE – Mobile telecommunication firm, Telecel Zimbabwe, says it has been granted authority by the Reserve Bank of Zimbabwe to receive incoming international remittances directly into subscribers’ Telecash wallets and will be working with Mukuru to immediately avail the service to its customers. Telecel’s head of mobile financial services, Arthur Matsaudza, yesterday said plans were…
HARARE – London-listed Vast Resources Plc (Vast), formerly known as African Consolidated Resources (ACR), has commenced operations at its Pickstone-Peerless Gold Mine (Pickstone) in Zimbabwe. The company’s chief executive, Roy Pitchford, said Pickstone produced 8,5 kilogrammes of gold in its first month of production, with the gold bullion expected to be delivered at Fidelity Refinery…
HARARE – The Tobacco Industry Marketing Board (TIMB) has so far received $7 million in tobacco levy from farmers across the country. TIMB chief executive Andrew Matibiri last week told farmers at the closure of the 2015 Marketing Season and National Tobacco Conference that the funds were yet to be disbursed due to delays by…
HARARE – South Africa’s largest platinum miner, Impala Platinum Holdings (Implats), is seeking government support for an expansion programme at its Zimbabwean unit. Implats, which owns 87 percent of Zimplats, says the current economic environment is not conducive for investor confidence due to lack of policy clarity and consistency. “Turning to Zimbabwe, we fully support…
