Simbisa Brands to expand footprint at home, region
Business Reporter Simbisa Brands says it has planned 31 additional store openings in its current year, primarily in Zimbabwe, as the group seeks to enhance customer experience. According to the…
ArcelorMittal to close SA site
Johannesburg-listed subsidiary of Lakshmi Mittal’s multinational group said steel production will likely cease by the end of the month. That could potentially affect about 3 500 jobs, though the final…
China’s top diplomat heads to Africa
BEIJING. — China’s top diplomat began his annual New Year tour of Africa on Sunday, maintaining a 35-year-long tradition, to quietly advance Beijing’s already sizeable influence across the resource-rich continent…
SA business activity contracts
JOHANNESBURG. South Africa’s private sector activity contracted in December for the first time since August, as muted demand and rising inflationary pressures weighed on growth, a survey showed yesterday. The…
Gold investors stay bullish for 2025 on Trump volatility fears
Money managers are seeing plenty of reasons to remain bullish on gold, following a stellar 2024 that saw the precious metal post its biggest annual gain since 2010. The precious…
Low prices delay Karo project
Business Reporter KARO Mining Holdings, the developer of the Karo Platinum project in Zimbabwe, expects its First Ore in Mill (FOIM) in the second half of 2026 owing to a…
TIMB extends deadline for tobacco seedbeds
Oliver Kazunga Senior Business Reporter THE Government has extended the deadline for destroying tobacco seedbeds from the 2024/25 summer cropping season to January 15. In a statement, the Tobacco Industry…
UK firm receives first coal royalty payment
Tapiwanashe Mangwiro Senior Business Reporter Contango Holdings, a natural resources company listed on the London Stock Exchange, has received its first royalty payment for its Muchesu coal project in Binga,…
Tourism sector eyes growth, with comprehensive new strategies
Leonard Ncube, [email protected] FOLLOWING a successful year highlighted by the approval of a national tourism policy, Zimbabwe’s tourism and hospitality industry is gearing up to implement robust strategies aimed at…
TIMB extends deadline for tobacco seedbeds
Oliver Kazunga, Harare Bureau THE Government has extended the deadline for destroying tobacco seedbeds from the 2024/25 summer cropping season to January 15. In a statement, the Tobacco Industry and…