Friday, June 22, 2018
HARARE - Zimbabwe’s 2018 tobacco selling season is set to begin around April, two months late compared to the  aditional February opening because the crop is not yet ripe, the  Tobacco Industry and Marketing Board (TIMB) said on Saturday. TIMB public relations and communications manager Isheunesu Moyo told New Ziana that...
Tinashe Makichi --- Asa Resource Group Plc has received a separate conditional offer from a publicly listed company to acquire the company’s 100 percent shareholding in ASA Headco Ltd, which owns all of the company's material assets. The joint administrators for the company believe that shareholders will get significantly more from...
Tawanda Musarurwa For the second time in two years, Government has expressed dissatisfaction with investors that had been granted permission to invest in the mothballed Kamativi Mines amid indications some officials were circumnavigating due process to sell-off the mine. The Kamativi Tin Mines in Matabeleland North are a wholly owned subsidiary...
Scheme of arrangement rescues the company Restocking of outlets underway Martin Kadzere One of Zimbabwe’s oldest furniture firms Pelhams has started re-opening its branches across the country after TN Harlequin, one of its creditors and sister company, undertook to bailout the company to avoid liquidation. Pelhams was delisted from trading on the Zimbabwe...
Martin Kadzere David Whitehead judicial manager Knowledge Hofisi has said the textile company will resume operations next month, initially targeting production of statutory-wear fabric. DW, which last operated nearly three years ago recently secured a $2 million working capital facility from the Reserve Bank of Zimbabwe to help it resume production. David...
--- Company sees surge in nickel prices  --- Electric cars to boost battery metals demand Bindura Nickel Corporation says the Hunters Road project in Gweru “remains strategic” to its long-term plans with the company likely to benefit from an anticipated price surge of the commodity to be spurred by huge...
Business Writer Time Bank has been given the green light to resume operations if it meets certain conditions required before re-opening, the Reserve Bank of Zimbabwe has said. The Reserve Bank and Time Bank of Zimbabwe Limited have historical disputes, which have been the subject of litigation. During this period, Time...
Africa Moyo Former Telecel Zimbabwe CEO Francis Mahwindi, who was fired in 2013, has bounced back at the telecommunications firm, this time as a board member. Mahwindi left Telecel amid official reports that he wanted to “pursue other opportunities outside the group”. However, sources then alleged that he had turned down...
Enacy Mapakame Agro- industrial concern, CFI Holdings Limited said its FY2018 focus would be on ensuring revival of operations at its two subsidiaries — Agrifoods and Victoria Foods that were put under judicial management. This will enable the two entities to take advantage of the positive sentiment in the economy that...
--- Claims RBZ facilitated illegal title deed transfer n Demands RBZ mediation, $10m for damages since 2012 Business Writer --- The Reserve Bank of Zimbabwe has been sucked into the ongoing property wrangle by a real estate company, Equity Properties, which claims the apex bank allegedly facilitated the illegal transfer of...