Wednesday, May 23, 2018
BH24 Reporter HARARE – Chegutu-based gold producer, Pickstone-Peerless Gold Mine’s first quarter gold output rose 4 percent to 6 326 ounces, from 6 057 ounces in the previous quarter. Parent company, Vast Resources (which owns a 25 percent stake in the gold mine) said the rise in output came notwithstanding a decline in...
Tawanda Musarurwa HARARE – Gwanda-based gold producer Blanket Mine recorded a 1 percent production gain to 12 924 ounces for the first quarter of 2018, although the parent company maintains the mine is still in line to meet the full year target. The Blanket Gold Mine is 49 percent owned by Toronto...
BH24 Reporter HARARE – The Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) has brought together various experts from the region to discuss legal and regulatory issues in the effective of domestic financial markets. Financial markets experts say well-functioning domestic financial markets are crucial for economic growth and...
HARARE - Zimpost has announced the launch of two new digitalised services – the Virtual Post Office and the Zimpost mall. The predominantly postal service organization has over the years been transforming itself into a leader of sorts in the digital space. Zimpost acting managing director Sifundo Moyo said the organisation...
By Andrew Schmulow South Africa has started implementing a new regulatory regime for the financial sector. Known as Twin Peaks, the approach was first adopted in Australia in 1998. South Africa has become the eighth country to adopt the model. Under Twin Peaks two regulators are established. One is charged with maintaining...
Business Weekly this week publishes some excerpts of the Zimbabwe African National Union Patriotic Front (ZANU-PF) 2018 Election Manifesto that have serious ramifications on businesses in Zimbabwe if implemented. The party, like what the theme of the manifesto says, wants to Unite, Fight Corruption, Develop, Re-engage and Create jobs...
Kudzanai Sharara The country’s biggest brewer Delta Corporation, reported significant growth in both volumes and revenue for the year ended March 31, 2018, but the out-turn could have been more had the brewer not experienced interment product supply shortages as a result of limited access to foreign currency for the...
Bulawayo. — The recently ended Zimbabwe International Trade Fair proved what many industry players have been aware of for a while now: PSMAS is back in business! From the top notch display that secured a record fourth straight medal from the organisers, to the unique offering that was served up...
Taurai Mangudhla Business Writer Zimbabwe’s annual inflation rate has retreated on a monthly basis in the first quarter of the year and remains under 4 percent, annualised. The official inflation rate is built arounda basket of essential goods and services, items which the Government and the REserve Bank of Zimbabwe take...
Kudzanai Sharara Diversified investment holding company, Brainworks Capital, which has operations in the hospitality and leisure industry, is expecting improved business performance for the 2018 financial year following a better than expected first quarter of the year in which most of its city hotels were fully booked. Brainworks CEO Brett Childs,...