You are here
Home > Posts tagged "featured" (Page 2)

PPC seeks to develop fully integrated plant in Harare after commissioning $85m Mill

00 PPC seeks to develop fully integrated plant in Harare after commissioning $85m Mill HARARE – PPC Zimbabwe commissioned its $85 million milling Harare plant today, which will see combined annual production capacity rising to 1.4 million tonnes. The plant, constructed mainly by Chinese contractors as part of the financing package, will do 700 000…

Asa Resources closes Harare,Joburg admin offices as nickel production rises

00 Asa Resources closes Harare,Joburg admin offices as nickel production rises HARARE – ASA Resources has closed the Harare and Johannesburg administrative offices as part of a wider group restructuring exercise which seeks to ultimately lower operational costs. Group Chief Executive Officer Yat Hoi Ning in a quarterly update for Q2 ended 30 September 2016…

Parliament to push mostly pro-economy Bills including amendments to the Indigenisation Act

00HARARE President Robert Mugabe has tabled over 20 Bills that should be expedited during the Fourth Session of the 8th Parliament, majority of which are aimed at stimulating the economy and re-aligning with the new Constitution. Officially opening the 4th Session of the 8th Parliament, President Mugabe said while the economy is faced with a…

ZB Financial Holdings, IDC removed from US OFAC list

00HARARE The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) removed ZB Financial Holdings, its subsidiaries, the Industrial Development Corporation along with other individuals and entities from the list of Specially Designated Nationals and Blocked Persons that were designated under the Zimbabwe-related sanctions programme. According to an update from OFAC, ZB…

IPEC wants audit into Fidelity’s Southview project after concerns of weak controls

00HARARE A forensic audit into the affairs of Fidelity Life Assurance has unearthed corporate governance deficiencies some dating as far back as pre-dollarisation and as such the Insurance and Pensions Commission has tagged the managing director Simon Chapereka and financial director German Mushoma as not being fit for office. The commission has also called for…

Has the Zimbabwean pension’s industry really migrated to DC schemes?

00HARARE One of the most notable changes happening within the pension’s industry not just in Zimbabwe but across the world is the shift from Defined Benefit (DB) schemes to Defined Contributions (DC) schemes. Along with this shift, comes the transfer of investment risk from employers to employees. From observing general practice in DC schemes in…

Star Africa volumes up 300% but scheme of arrangement suffers setback

00HARARE Star Africa says it is still actively searching for a new strategic investor while it is continuously engaging creditors and shareholders to seeks ways of restructuring the company’s balance sheet. This comes after the group failed to settle creditors in terms of the scheme of arrangement which was sanctioned by the High Court in…

International tourist arrivals 4% up in H1 as destinations received 21 million more visitors than 2015

00HARARE International tourist arrivals in the first half of 2016 grew by 4% as destinations received 561 million international tourists (overnight visitors), which is 21 million more than in 2015. According to the latest UNWTO World Tourism Barometer, Asia and the Pacific demonstrated renewed strength, receiving 9% more international arrivals, the highest growth across world…

Top