Pick n Pay to increase Zim footprint to 65 stores

HARARE  –  South African-headquartered retailer Pick n Pay says it plans to open two more supermarkets in the country this year, and eventually grow its aggregate to around 65 supermarkets going...
Posted On 23 Feb 2017

Local bourse back in the red

HARARE  –  The mainstream industrial index retreated by 0.57 to close at 135.25 in mixed trading. Leading the losers was seed producer SeedCo, which fell by $0, 0125 to close at $0, 9775 and...
Posted On 23 Feb 2017

Global steel production is surging in 2017

By Frik Els The price of iron ore reached a 30-month high on Monday, while coking coal is trading 80 percent higher than this time last year. The rally in the steelmaking raw materials may gain...
Posted On 23 Feb 2017

Govt sets maize producer price at $390 per ton

HARARE  -  Agriculture, Mechanisation and  Irrigation Development Minister Dr Joseph Made on Wednesday said the Grain Marketing Board (GMB) will be buying maize and other grains at  $390 per...
Posted On 23 Feb 2017

Zimplats bounces back to profitability

HARARE  –  The country’s largest platinum producer, Zimbabwe Platinum Holdings, bounced back to profitability in the half-year to December 31, 2016 after posting a profit-after-tax $16, 2 million...
Posted On 23 Feb 2017

NetOne donates to Mzembi UNWTO campaign

HARARE  -  State-owned mobile  telecommunication operator NetOne has provided $10 000 to Tourism and  Hospitality Minister Dr Walter Mzembi for use in his campaign for the  post of  United...
Posted On 06 Feb 2017

Econet’s revenue slide to continue: analysts

Musarurwa HARARE  –  Market analysts estimate that listed telecoms operator, Econet Wirelesss Zimbabwe’s revenue will take a knock at the close of its current financial year. IH Securities says...
Posted On 17 Feb 2017

Glencore completes turnaround as profit rises on metals recovery

Glencore Plc, the commodity trader and miner headed by billionaire Ivan Glasenberg, signaled the end of a business turnaround with annual profit rising 48 percent on higher prices and strong...
Posted On 23 Feb 2017