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Bianca Mlilo, Business Reporter GOLD prices have rapidly fallen and this has caused panic in miners and gold dealers, forcing them to hold onto their precious metal hoping that the prices will soon normalise.
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Lovemore Zigara, Midlands Correspondent ZIMBABWE’S largest shoe manufacturer, Bata Shoe Company has been forced to import textile from Kenya as the local textile sector remains subdued.
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Oliver Kazunga, Senior Business Reporter THE National Railways of Zimbabwe (NRZ) is set to clear a 16 months’ salary backlog amounting to $55 million once the firm’s business grows in line with its recapitalisation programme.
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Bianca Mlilo, Business Reporter THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has engaged industry to assist the power utility meet its foreign debt payment obligations in order to avoid load shedding.
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Bianca Mlilo, Business Reporter THE Parliamentary Portfolio Committee on Mines and Energy has recommended the setting up of a board by Government to oversee the process of scouting for investors to resuscitate the defunct Shabani-Mashava Mines.
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Oliver Kazunga, Senior Business Reporter SOME service stations in Bulawayo have stopped accepting plastic money from motorists when buying fuel.
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Bianca Mlilo, Business Reporter THE Confederation of Zimbabwe Retailers (CZR) says it has engaged cooking oil producers in the country over the arbitrary raising of prices of the commodity.
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Harare Bureau GOVERNMENT through ZARNet (Private) Limited has completed the previously announced acquisition of 100 percent shareholding in Telecel International Limited from Global Telecom Holdings SAE for $40 million, the Ministry of ICT, Postal and Courier Services said yesterday.
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Business Reporter LOCAL banks say they have seen a positive uptake of bond notes by the general public, barely a week after their release, the Bankers Association of Zimbabwe has said.
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Leonard Ncube in Victoria Falls THE Minister of State for Matabeleland North Provincial Affairs, Ambassador Cain Mathema, has challenged villagers in the province to seriously grow small grains for commercial purposes to contribute to food security.
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ZIMPLATS says it is going ahead with the development of a $264 million underground mine following board approval, which will raise its mineral reserves by a third to nine million ounces.
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Business Reporter THE Comesa Business Council has elected a new board of directors led by Dr Amany Asfour from Egypt.
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Oliver Kazunga, Senior Business Reporter ZIMBABWE’S power generation has further declined to 797 megawatts from an average of about 1 200MW.
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Bindura Nickel Corporation (BNC) on Monday reported a profit after tax of $1,2 million in the six months to September from a loss position of $3,4 million last year, driven by an increase in production.
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