Zimvest

Seedco is a Zimbabwe incorporated company with operations in Botswana, Kenya, Malawi, Tanzania and Zambia whose principal activities are the processing of agricultural seed on a commercial basis. Seedco recently released its interim results for the period ending 30 September 2011 and the highlights include a turnover which surged 49% to $30 million. The performance [...]

Read the full story

Producer prices Commodity                      GMB  Kurima gold  Staywell  Croplink   ProGroup White maize                       275 –    AB 240 C                                 [...]

Read the full story

Prioritise key economic growth areas: SAPST HARARE – Zimbabwe should prioritise key economic growth areas, focused on the policy thrust in the previous three successive budgets since 2009, the Southern African Parliamentary Support Trust (SAPST) says. SAPST, a local legal trust, said the country must set up key provisions to maintain its growth trajectory in [...]

Read the full story

While investors are still trying to understand the other aspects to this empowerment effort like the community share ownership schemes, the government has through the ministry in charge of this policy announced what it terms thresholds for the manufacturing. The following in verbatim is the press statement released by the minister in charge of indigenisation [...]

Read the full story

Delta Corporation is a Zimbabwe based beverage manufacturer and the sole distributor of Coke products in the country also it is one of the country’s solid performers on the stock market. A few days ago Delta Corporation announced its financial results for the interim period ending 30 September 2011 and nearly every aspect of the [...]

Read the full story

Survey exposes risks of nationalisation HARARE – Nationalisation does not have a convincing record of success in any of the 12 countries, including Zimbabwe, selected for research by South Africa (SA)’s ruling African National Congress (ANC) on the topic.As the market tries to digest the Free Market Foundation (FMF)’s economist, Vivian Atud’s findings, the ANC [...]

Read the full story

The question of ‘unfair’ trade practices by certain trading nations continues to dominate debate between competing interest groups here and with the finance ministry giving in to protectionist lobby when it reviewed the fiscal policy back in July 2011. At the time government said it was imposing modest measures to protect local producers or to [...]

Read the full story

Spar to list on ZSE HARARE – Diversified group Innscor Africa Limited (Innscor) plans to list its Spar business on the Zimbabwe Stock Exchange (ZSE). Julian Schonken, Innscor finance director said the listing of the fast-moving consumer goods business would enhance shareholder return from the retail sector. “The retail sector has experienced tremendous growth since [...]

Read the full story

 The Zimbabwe Revenue Authority the government’s chief revenue collection agency has undergone a lot of structural and operational changes since the inception of the coalition government and just recently it announced collections which it has made in the last three months ending 30 September 2011. While the collections made by Zimra may show its improving [...]

Read the full story

 PIONEER, UNIFREIGHT SWIFT DEAL ALMOST DONE Pioneer Corporation Africa’s bid to acquire Unifreight Swift is almost complete with only a few loose ends pertaining to indigenisation requirements remaining to be tied up. The Zimbabwe Stock Exchange and the Competition and Tariff Commission have approved the transaction. In terms of the deal Pioneer will issue 514 [...]

Read the full story