Nicholas Vingirai’s return to high finance suffered a dramatic setback when ZB Financial Holdings shareholders voted against his re-election to the board following a charged confrontation with institutional investor NSSA at yestrday’s annual general meeting.
Caledonia Mining Corporation has cut its gold production target this year to between 52 000 and 57 000 ounces from 60 000 oz despite improvements in tramming capacity at its Blanket Mine, the company says.
Zimbabwe Tourism Minister Walter Mzembi who has spent almost two years campaigning to become the next United Nations World Tourism Organisation’s secretary-general lost the job today raising questions about whether he will be able to pick up the pieces from where he left as he had literally abandoned his Zimbabwean job.
Cigarette maker BAT said its first quarter performance was generally flat compared to the comparative period last year, but expects a strong second half anchored by investments in the company’s core brands, which enjoy close to 70 percent market share.
Many would like to consign the polarising debate about “white monopoly capitalism” (WMC) in South Africa to the margins.
Barclays Bank of Zimbabwe has reported a marked decline in net interest income for the first four months of 2017, compared to the same period last year on reduced corporate lending, shareholders heard yesterday.