Friday, July 20, 2018
Tawanda Musarurwa HARARE - Zimbabwe’s platinum production is expected to rise to 50 tonnes annually over the next years, on the basis of a number of ongoing expansion and green-field projects line up in the sector, the Chamber of Mines Zimbabwe has said. Zimbabwe has the second largest known platinum reserves...
Zimbabwe’s winter wheat output is expected to beat the 200 000 metric tonne mark despite a 31 percent slump in hectarage, to reach 225 000 toones, a top Government official has said. Farmers planted 45 000 hectares of wheat instead of the targeted 67 000 hectares due to a prolonged...
Enacy Mapakame HARARE - Revenue for the country’s postal and courier services plunged 28 percent to $9,1 in the first quarter of 2018 compared to $12,7 million achieved in the previous quarter on depressed business. Regulator, Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) attributed the fall in revenue to decline...
HARARE – The Depositor Protection Corporation (DPC) will conclude compensation payments for defunct financial services provider Royal Bank Limited. As at the time of its closure circa 2012/2013, Royal Bank was heavily under-capitalised with a core capital of around $1,8 million, which significantly fell short of the minimum regulatory capital...
Prosper Ndlovu TOURISM and Hospitality Industry Minister, Prisca Mupfumira, says the pricing of tourism products in Zimbabwe needs to be reviewed downwards to enhance competitiveness and increase volumes. Cutting tourism pricing has to be buttressed by aggressive domestic tourism campaigns that include tailor-made packages for special groups such as school children...
BH24 Reporter HARARE – National Tyres Services Limited (NTS) saw its revenue jumped to $13, 8 million in the year to March 31, 2018 from $11, 9 million in the prior comparable period. According to management “this was the result of a strategy to supplement direct sourcing with local supplies and pushing sales...
BH24 Reporter HARARE – The Chartered Institute of Customer Management in collaboration with Select Research (Pvt) Limited will next month launch the second edition of the National Customer Satisfaction Index (NCSI). The launch is scheduled for July 11, in Harare. The index is a national indicator on how companies are performing in terms...
HARARE - Zimbabwe’s annual inflation gained 0.20 percentage points in June to close the month at 2.91 percent as  prices reacted to unofficial movements in the exchange rate. Figures released by the Zimbabwe Statistics Agency show that changes in  prices of food and alcoholic beverages, transport as well as recreation ...
Michael Kanengoni & Sibongile Maruta HARARE - CORTEVA, an agriscience company is partnering with local companies to provide agricultural inputs to local farmers. Speaking on the sidelines of its launch recently, CORTEVA regional director for Africa and the Middle East Prabdeep Bajwa said the company was devoted to providing for and...
Enacy Mapakame LISTED mining group, Falcon Gold (Falgold) Zimbabwe says its operations in the half year ended March 31, 2018 were affected by a strike which lasted for three months at its Golden Quarry mine. Workers at the Midlands-based gold mine downed tools from January 15 until March 13 demanding outstanding salaries dating...