Padenga HY net income doubles

HARARE – Listed crocodile skin producer Padenga Holdings has reported a 100 percent rise in net income to $4, 05 million from $2 million in the half-year period to June 30, 2017 from the prior...
Posted On 21 Sep 2017

Industrials in fourth straight loss; metals maintain positive run

HARARE – The Zimbabwe Stock Exchange’s mainstream Industrial Index posted its fourth consecutive loss, shedding 2.71 points to settle at 364.42 in mixed trading. Seed producer SeedCo came off $0,...
Posted On 21 Sep 2017

Gold sinks below $1 300 after Fed ends era of easy money

By Frik Els The gold price sunk below $1,300 an ounce on Wednesday after the US Federal Reserve threw its nine-year old stimulus programme into reverse and signalled that it could raise rates...
Posted On 21 Sep 2017

Met Department to conduct cloud seeding

By Elita Chikwati HARARE – The Meteorological Services Department says it will conduct cloud seeding early this year so that farmers in region two and three will not be affected by late...
Posted On 21 Sep 2017

RHA Tungsten mine gets estimates upgrade

BH24 Reporter — HARARE – Zimbabwe’s  RHA Tungsten Project, under development, near Bulawayo has received has had its underground mineral resource estimates upgraded. The RHA Tungsten...
Posted On 18 Sep 2017

Zim urged to exploit Chinese market

GWERU – Players in the agricultural sector  in Zimbabwe should take advantage of the huge investment opportunities in Chinese market, an envoy  said on Tuesday. Chinese ambassador to...
Posted On 30 Aug 2017

Energy Ministry calls for inter-ministry support

BH24 Reporters — HARARE – The Ministry of Energy and Power Development says ministries must collaborate with it to ensure security of energy supply in the country is guaranteed....
Posted On 01 Sep 2017

Dollar extends gain in wake of Fed; bonds retreat

The dollar extended gains against most major peers and European bonds followed Treasuries lower as investors absorbed Federal Reserve plans to pursue both higher interest rates and balance-sheet...
Posted On 21 Sep 2017