BOARD changes are looming at Murray & Roberts Zimbabwe (M&R) after Zumbani, a consortium led by former CEO Canada Malunga and chairman Paddy Zhanda acquired a significant stake in the construction company, businessdigest has established.
Insurance sector capital requirements set for review
Thursday, 10 May 2012 14:54
Gamma Mudarikiri
THE Insurance and Pensions Commission (IPEC) has proposed to review minimum capital requirements for companies in the sector , a move which the regulator says is aimed at restoring public confidence in the industry.
THE December reporting season, which is the busiest, ended with listed companies showing mixed results. Most showed declining earnings quality, beefing up profits with revaluations, increased borrowings and in some instances, even reduced sales volumes.
Well-known business strategist jets in for AMH Conversations
Thursday, 10 May 2012 14:42
Gamma Mudariki
ACCLAIMED futurist, business strategist and entrepreneur Anton Musgrave arrived in the country yesterday for today’s series of AMH Conversations, where he will be the key speaker on the theme “strategic leadership and innovation in the rapidly changing business world”.
ASTRA Industries Ltd says it will sustain its 167% interim profit growth to end of year this year, helped by aggressive marketing strategies and new projects which the company has secured from major mining companies.
Hwange Colliery to use contracted port terminal space
Thursday, 10 May 2012 14:35
HWANGE Colliery Company says it will now use contracted port terminal space as it continues engaging authorities in Maputo, Mozambique for securing space.
RECENT economic developments in the Euro Zone and political developments in France and Greece in particular have left economists debating the future of common monetary areas in general and the feasibility of the mooted common currency for Southern Africa planned for implementation between 2016 and 2018.
THE much-awaited introduction of a secondary bourse is expected to contribute significantly to the national economy, given the successes of such bourses in both emerging and established markets.
The Human Capital Telescope: The science of giant-killing
Thursday, 10 May 2012 14:14
Brett Chulu
WELCOME to our special monthly series called Bible School Business School (BSBS) which we began last year. BSBS takes insights from the Bible and applies them to business, leadership and personal development.
LAST week we discussed that the most successful organisations understand that the purpose of their existence is to create value for key three stakeholders; customers > employees > investors; depicted here in the logical order in which value creation should be viewed.
GOVERNMENT has rejected proposals for the compulsory blending of ethanol by the ambitious US$600 million Chisumbanje Green Fuels company after the consortium led by Billy Rautenbach refused to disclose figures of its production .
THE majority of mining companies have submitted their empowerment proposals to the National Indigenisation and Economic Empowerment Board and these have been on-passed to the Indigenisation ministry for approval, according to NIEEB chairman David Chapfika.
IF there is one company in Zimbabwe that has dominated the investment markets for both the right and wrong reasons it has to be Econet. After a five-year battle to obtain a mobile licence, Econet has made sure that it remains in the headlines through highly contentious transactions and EGMs; billboards dominating the skyline; full page press adverts; staggered dividend payouts or spellbinding financial performance.
DIVERSIFIED automotive and farm equipment distributor, Tractive Power Holdings’ (TPH) fortunes will soon change if current discussions with a consortium of South African investors are concluded.
ENGINEERING company Zeco Holdings Ltd, whose results for the year-ended December 31, 2011 were delayed by more than two months, says it will this year restructure its operations in a move aimed at reversing a US$ 1,9 million loss it incurred during the year.
ZIMBABWE will this year sign a Bilateral Investment Promotion and Protection Agreement (Bippa) with Singapore to foster an investment relationship with one of the fastest growing economies in the world.
