Packaging cost could push up mealie meal price

Enacy Mapakame The price of mealie meal could increase if tomorrow’s deliberations between millers and packaging manufacturers fail to reach a consensus after the latter increased cost of packaging by over 500 percent. Manufacturers of packaging for mealie meal and bread more than doubled their prices, a situation that is …

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ZSE suspends Hwange

Ishemunyoro Chingwere and Enacy Mapakame  The Zimbabwe Stock Exchange (ZSE) has suspended coal miner, Hwange Colliery Company Limited from the local bourse following its placement under administration. The suspension is with effect from November 2, 2018. ZSE acting chief executive officer Martin Matanda, in a statement said the suspension of …

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Govt mulls sale of stake in Olivine

Business Editor GOVERNMENT is considering selling part of its stake in Olivine Industries to an external investor to raise foreign currency towards recapitalising operations. This was said by the Minister of Finance and Economic Development, Prof Mthuli Ncube, yesterday during his tour of Surface Wilmer plant, the largest cooking oil …

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‘Cassava Smartech initiative way to go’

Michael Tome Business Reporter Lands, Agriculture, Water, Climate and Rural Resettlement Ministry says it highly upholds technological innovations that seek to develop agriculture productivity. This follows advances made by Cassava Smartech’s EcoFarmer to digitally enhance farming tips through mobile platform, which is a one-stop solution platform that gives farming tips, …

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Stocks rally slips as trade, fed worries dominate

World stocks slipped yesterday, halting a four-day recovery rally as anxiety surrounding global trade conditions and rising US interest rates dampened risk appetite. European shares managed to reverse losses in choppy trade as investors readied for US congressional midterm elections today while sterling briefly climbed on a newspaper report that …

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AMG seeks approval to supply basic commodities

Business Reporter The African Medallion Group owned by South Africa based Zimbabwean businessman, Frank Buyanga, has written to Government requesting to assist with the procurement and delivery of fuels, pharmaceutical products and other critical commodities that are in short supply in the country. This is contained in a letter AMG …

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ZNCC to meet over cash shortages

THE Zimbabwe National Chamber of Commerce (ZNCC) will next week host a meeting in Bulawayo to discuss the major drivers of cash shortages in the economy and proffer sustainable solutions, with Finance minister Mthuli Ncube the star attraction at the event. BY MTHANDAZO NYONI According to a concept paper seen …

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Botswana Stock Exchange suspends Choppies

THE Botswana Stock Exchange Limited (BSEL) has suspended retail giant Choppies shares from trading after it missed a deadline to publish audited financial results. By Staff Reporter “This notice serves to inform market participants that the Botswana Stock Exchange Limited has with immediate effect suspended trading on Choppies securities following …

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Govt to crack whip on tax dodgers

Africa Moyo Senior Business Reporter Government is considering giving the Zimbabwe Revenue Authority (Zimra) absolute powers to descend heavily on tax dodging companies so as to recover the outstanding $4,5 billion. Finance and Economic Development Minister Professor Mthuli Ncube, said this on Wednesday night in Harare during the Zimra Appreciation …

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Zimtile to boost capacity next year

Tawanda Musarurwa Senior Reporter Manufacturer of concrete roof tiles, pavers and bricks Zimtile (Pvt) Ltd is set to boost its capacity with new investments set to commence at the start of 2019, chief executive officer Hilary Munyati has said. Zimtile is a wholly-owned subsidiary of PG Industries Zimbabwe. The CEO …

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