Business
ZSE hikes transaction thresholds by 900pc
The Zimbabwe Stock Exchange (ZSE) has increased transaction thresholds on the ZSE Direct by 900 percent, due to the impact of exchange rate-driven inflation dynamics. ZSE Direct is an online platform that allows investors to buy and sell shares on the stock exchange and is accessible to all investors, regardless of their experience or financial […]
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One-size-fits-all insurance industry model won’t cut it anymore
THE insurance industry has always been a complex and challenging one, with ever-evolving customer needs, products, and technologies. To stay ahead of the competition, insurance professionals need to be constantly learning and updating their skills. However, many learning institutions still rely on a one-size-fits-all approach to education, offering generic training programmes that don’t meet the […]
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Quarterly mobile network voice traffic dips 16,7pc
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says mobile voice traffic declined by 16,7 percent to 2,5 billion minutes in the first quarter of this year compared to the previous quarter. The telecoms regulator attributed the decline to the negative impact of the 50 percent tariff increase and substitution of traditional voice calls […]
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Govt hands over mining lease to Chinese steel giant Disco
Government has given Chinese firm, Dinson Iron and Steel Company (Disco), which is developing the US$1,5 billion steel plant in Manhize near Mvuma, an iron ore mining lease with an open-ended tenure. The mining lease entitles Disco, a unit of China’s biggest stainless steel producer, Tsingshan Holdings Group Limited, to 12 270 hectares on which […]
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ED to officially commission Binga coal project
PRESIDENT Mnangagwa is expected to officially commission the massive Lubu Coking Coal Project in Binga district, which is being undertaken by a British investor, Contango Holdings. Binga coal project The mine started production recently and is one of the transformative development strides in Matabeleland North province given its impact on jobs, community development and downstream […]
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Caledonia seeks new gold deposits at Bubi lease
CALEDONIA Mining Corporation says it intends to undertake an environmental and social impact assessment (ESIA) exercise ahead of the commencement of exploration activities at the firm’s Motapa mining lease in Bubi District, Matabeleland North Province. The Jersey-based group, through its wholly subsidiary Arraskar Investments P/L, holds the title to the Motapa gold claim, adjacent to […]
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ZimTrade applauds Stanbic for its pivotal role in Zim-China trade corridor
ZimTrade applauds Stanbic for its pivotal role in Zim-China trade corridor Zimbabwe’s Trade Development and Promotion Organisation, ZimTrade has commended Stanbic Zimbabwe for their role in supporting trade relations between Zimbabwe and China. ZimTrade Chief Executive Officer, Mr Allan Majuru, said Stanbic played a pivotal role in the success of the recently held three-day Zimbabwe […]
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Disco seeks partners for Manhize-Beira rail project
PLANS are at an advanced stage for the construction of a dedicated railway line to connect the US$1,5 billion Dinson Iron and Steel Company (Disco) Manhize plant to Beira in Mozambique, which will enhance efficient bulk cargo movement for exports. The massive integrated iron and steel plant being constructed in Mvuma by Disco, is envisaged […]
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Tongaat rescue plan won’t affect Triangle, Hippo Valley
The postponement of Tongaat Hulett Limited’s amended business rescue plan to September 2023 will not have an impact on Zimbabwe operations, an official has said. Tongaat wholly owns Triangle Sugar Corporation (Pvt) Ltd, a Zimbabwean registered entity, which owns Hippo Valley Estates and Triangle Ltd. The 130-year-old South African sugar maker was last year […]
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Mobile operators adjust ZWL tariffs as they battle inflation
Zimbabwe’s mobile network operators have reviewed their tariffs in local ZWL currency as the sector battles to offset rising costs and maintain operations in the face of inflationary pressures triggered by the devaluation of the local currency against major currencies, among other economic challenges besetting the industry. Econet Wireless, the largest mobile network operator, reviewed […]
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