The Herald

ACR sends SOS to AG’s Office

wmurape@email.com (Murape) — Tue, 21 May 2013 22:00:00 +0000

African Consolidated Resources says it will apply to the Attorney-General’s Office for a stay of proceedings while an appeal against a judgment handed against it was being heard.
ACR early this month lost a bid to block its prosecution in a case in which it is being charged with fraud and breaching the Precious Stones Act.

Robust Zim, SA sales boost PPC’s earnings

wmurape@email.com (Murape) — Tue, 21 May 2013 22:00:00 +0000

Johannesburg. — An improvement in South African and Zimbabwean cement sales helped shore up PPC’s results in the interim period ended March, South Africa’s premier cement maker has said.

All set for procurement forum

wmurape@email.com (Murape) — Tue, 21 May 2013 22:00:00 +0000

Business Reporter
BUY Zimbabwe will host a procurement conference and experiential expo next week that will be graced by high-profile people from Government and industry.
Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere is set to be guest of honour at the event scheduled for Monday May 27 at the Meikles Hotel

Vodafone net profit plunges

wmurape@email.com (Murape) — Tue, 21 May 2013 22:00:00 +0000

LONDON. — British mobile phone giant Vodafone reported a 90 percent plunge in annual net profit yesterday after taking a vast impairment charge relating to businesses in debt-laden eurozone nations Italy and Spain.

Saudi economic growth to slow down: IMF

wmurape@email.com (Murape) — Tue, 21 May 2013 22:00:00 +0000

RIYADH. — Saudi economic growth will slow to 4,4 percent in 2013 from 6,8 percent last year due to an expected fall in oil production, and cuts in government spending, the International Monetary Fund said yesterday.

Lessons from Oliver Mtukudzi

wmurape@email.com (Murape) — Tue, 21 May 2013 22:00:00 +0000

Ben Chiganze

LAST weekend I went fishing with my former schoolmate Million and after toiling the whole day we caught nothing. I was very discouraged and I openly told Million that I will not go back to the dam until September when it is warmer. On the other hand, Million did not appear to be bothered by our bad fortunes.

ZSE share volume up

wmurape@email.com (Murape) — Tue, 21 May 2013 22:00:00 +0000

Business Reporter
THE volume of shares traded on the Zimbabwe Stock Exchange rose 351 percent to 20 502 261 while value also vaulted 300 percent to US$2,345 million on significant gains in only four stocks.

Tobacco sales gross US$470m

wmurape@email.com (Murape) — Tue, 21 May 2013 22:00:00 +0000

Elita Chikwati Agriculture Reporter
TOBACCO growers have so far earned US$466,1 million from the sale of 125,7 million kg since the opening of the selling season in February.
This is an increase from last year’s US$366,7 million raised after the sale of 97,5 million kg.

FBC deal close

wmurape@email.com (Murape) — Tue, 21 May 2013 22:00:00 +0000

Martin Kadzere Senior Business Reporter
UNITED STATES private equity firm Equator Capital is nearing a deal to acquire a 10 percent shareholding in Zimbabwe Stock Exchange-listed financial group, FBC Holdings, sources familiar with the deal have said.

NSSA pension benefits up

student@email.com (student) — Mon, 20 May 2013 22:00:00 +0000

National Social Security Authority minimum pensions go up from August 1, following Government’s gazetting of increases in pension contribution