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

After Pasi’s experience Government caps Zimra’s CG tenure

00After Pasi’s experience Government caps Zimra’s CG tenure HARARE – The results of the long awaited Zimbabwe Revenue Authority audit have made the headlines. And as largely expected there were a few surprises but nothing overly significant. The same happened with the NetOne report and in the private sector, though instigated by the regulator, with…

RBZ slashes bank charges to between 1-1.25%

00RBZ slashes bank charges to between 1-1.25% HARARE – The Reserve Bank of Zimbabwe has slashed bank withdrawal charges to between 1% and 1.25% of amounts withdrawn on ATMs and Over the Counter. In a statement last night, the RBZ said in order to align cash withdrawal charges to amount withdrawn, a proportional pricing model…

Restructuring, re-tooling pays off for Art Corp in F16

00Restructuring, re-tooling pays off for Art Corp in F16 HARARE – The successful restructuring and re-tooling of Art Holdings’ divisions saw the group report improved earnings in the year to September 30 with the trend expected to be supported by growing market share. Chief executive officer Tapiwa Ameer told an analysts briefing that factory automation…

EcoCash now processing Rand transactions

00EcoCash now processing Rand transactions HARARE – Econet Wireless Zimbabwe’s mobile money platform, EcoCash, has unveiled a Rand wallet which allows transactions in the South African currency only. The wallet will be separate from the USD wallet and customers will not be able to move money between the two wallets. EcoCash general manager Natasha Morris…

Life assurers NPW up 7% to $252 mln in Q3

00Life assurers NPW up 7% to $252 mln in Q3 HARARE – Life insurance companies net premium written grew 7% to $252 million from $237 million in the comparable year ago period but only three companies controlled 83% of the market. According to the Insurance and Pensions Commission’s report for the third quarter, the biggest…

Old Mutual Zimbabwe pioneers FINSEC trades after listing at 82c

00Old Mutual Zimbabwe pioneers FINSEC trades after listing at 82c HARARE –  Old Mutual Zimbabwe pioneered trading on the Financial Securities Alternative Trading Platform today when it listed its B class empowerment shares. Under its indigenisation plan approved by Government, OMZIL issued just over 83 million shares (or 25%)as B Class shares to employees 11%,…

Zimplats issued $34 mln Treasury Bills for RBZ debt

00Zimplats issued $34 mln Treasury Bills for RBZ debt HARARE – Government has issued to Zimplats three treasury bills with a nominal value of $34 million in settlement of the principal amount owed by the Reserve Bank of Zimbabwe (RBZ). In a statement, Zimplats said it owed a principal amount of $34 million by the…

Axia Corp Q1 turnover up 12% on TV Sales & Home

00Axia Corp Q1 turnover up 12% on TV Sales & Home HARARE – Axia Corporation says group turnover for the first quarter to September 30, 2016 is 12% up on the same period last year on increased contribution from TV Sales and Home as well as Distribution Group Africa (DGA). Giving a trading update at…

Top