Archive | Business

Gold bars in a vault.

Govt seeks US$88m for gold sector

MINES and Mining Development minister Walter Chidhakwa says government is mobilising US$88 million for the acquisition of milling plants and equipment for small-scale miners to boost gold output.

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First Mutual back in the black

First Mutual Ltd has recovered to post a net profit of US$9,3 million for the year to December 2016 from a loss position of US$131 000 in the prior year.

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Finance Minister Patrick Chinamasa

Economic decline hits Truworths hard

Clothing manufacturer and retailer Truworths expects an extremely difficult trading business environment owing to foreign currency shortages that have negatively impacted on its stocking levels and pricing.

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A total of 42,5 kg of tobacco valued at US$246,3 million has so far been exported  since the commencement of this year’s tobacco season

TSL pins expansion on industrial complex

TSL Ltd (TSL)’s hopes of expanding revenue streams are pinned on a multi-million dollar integrated commercial and industrial complex to be constructed on the company’s 100 hectare land parcel located […]

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Old Mutual profit up

Old Mutual Zimbabwe Ltd after-tax profit increased by 590% in the full year to December, helped by strong performances in its banking and insurance businesses and a bull run on […]

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Treasury Bills hit US$2bn mark

GOVERNMENT’S stock of Treasury Bills (TBs) has reached a whopping US$2,079 billion over the last two years amid concerns that this could crowd out private sector lending and force the […]

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