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Hunyani unearths $600 000 fraud

HARARE – Listed Hunyani Holdings Limited (Hunyani) says an internal probe has unearthed that management overvalued inventories by nearly $600 000 in…

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ZB hunts for MD

HARARE – ZB FINANCIAL Holdings (ZBFH) seeks to recruit a managing director (MD) for its flagship unit ZB Bank Limited (ZB). This…

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Board shake-up looms at AfrAsia

HARARE – A board shake-up — including the resignation of chairperson Sibusisiwe Bango — looms at AfrAsia Kingdom Zimbabwe Limited (AKZL) following…

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Rand unchanged by Madiba death

JOHANNESBURG – The rand was slightly firmer on Friday, although still close to multi-year lows, as the market awaits US employment figures…

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Zesa, Afreximbank in $100m deal

HARARE – Zesa Holdings (Zesa) has tentatively agreed to a $100 million financing deal with the African Export and Import Bank (Afreximbank)…

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Essar engineers, management jet in

HARARE – Dormant iron producer NewZim Steel — formerly Ziscosteel — could soon reopen as engineers from India-based major shareholder Essar Africa…

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Zim spends $6m on milk imports

HARARE – Zimbabwe is spending approximately $6 million per month on South African milk imports, says local market player Dendairy. Daryl Archibald,…

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