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Midlands property firm rebrands

Africa Moyo RISING Midlands-based property firm, Luxury Living International, has re-branded to Prime Mutual Properties (PMP), in line with its new thrust which includes land development, servicing of residential stands and construction of houses. More importantly, the company has spread its tentacles to Zambia where it has been registered as …

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Tongaat builds 5 499 houses for employees

Livingstone Marufu Hippo Valley Estates, a subsidiary of Tongaat Hulett, says it has built 5 499 houses from 1974  for  its employees in Chiredzi, a sugar producing  area in the Lowveld, in a bid to provide decent, orderly and affordable accommodation for the staff. Of the 5 499 residential houses, …

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China reaffirms tight market regulation stance

BEIJING – China’s top property market watchdog reiterated over the weekend that it will maintain tight regulation of the real estate sector. Local governments should stick to real estate market management goals and not loosen regulatory measures, according to a statement released Saturday by the Ministry of Housing and Urban-Rural …

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City in CBD parking headache

Ishemunyoro Chingwere Property Reporter Central Business District (CBD) property owners are giving city of Harare’s vehicle parking arm, City Parking, a headache with their penchant for on-street parking as opposed to the option of parkades. This does not dovetail with the authority’s efforts to decongest the city. The city is …

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Mining to grow 10pc

Golden Sibanda recently in Victoria Falls THE Chamber of Mines of Zimbabwe (CoMZ) has projected the mining sector to grow by 10 percent this year, on the back of an 8,5 percent expansion last year, driven by improved mineral production and price recovery on global markets across most minerals. Mining …

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Foundation to invest $3m on SMEs

Business Reporter A diversified organisation, Fig Tree Foundation, intends to invest $3 million in the next five years on small businesses in Goromonzi District in an effort to uplift people’s livelihoods. Already, the foundation has disbursed $500 000 towards various rural projects under Goromonzi North area. Met Bank CEO and …

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Real Estate investment forum on cards

Livingstone Marufu Property Reporter The ZimReal Property Investment Forum scheduled for June 13 this year, will drive a new era of economic growth in Zimbabwe by unifying the local real estate market into a productive sector that can create employment. Presented by API Events, one of Africa’s leading business to …

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Speak with one voice: Bimha

Ishemunyoro Chingwere Business Reporter GOVERNMENT has implored business to consolidate its numerous member organizations into a single representative body that speaks for private sector with one voice. Zimbabwe has of late seen the mushrooming of a plethora of business representative bodies, which claim to stand for the interests of various …

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Vultures circle Govt contracted cotton

Martin Kadzere Senior Business Reporter SIDE-marketing manoeuvres by some private cotton firms have come under spotlight as it emerged that names of dead people and children under 10 are appearing in the Agriculture and Marketing Authority (AMA’s) data base listed as beneficiaries of contract schemes. Investigations by The Herald Business …

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