Giant retailer OK Zimbabwe yesterday reported a decline in profitability for FY2014 as overheads increased and deflationary pressures weighed heavy.Profit for the year ended March 31, 2014 amounted to...
By Staff reporter | Published: 06 June 2014
Lafarge's volumes for the first four months of the year went down about 13% compared with the same period last year although 2% higher than the last quarter of 2013, MD Amal Tantawi told the AGM today...
By zfn | Published: 06 June 2014
OK Zimbabwe is looking at operating their own bakeries as they vie for better margins after recording 0.8% revenue growth and 0.2% gross margins decline for the year ended 31 March 2014, group CEO Wil...
By Staff reporter | Published: 06 June 2014
THE Reserve Bank of Zimbabwe has cancelled the banking licence of Capital Bank after the latter voluntarily surrendered it. This follows unwillingness on the part of the bank's majority shareholder, N...
By Mernat Mafirakurewa | Published: 06 June 2014
CEMENT producer PPC Zimbabwe says domestic sales in the first five months of the year are down 5 percent compared to the same period last year. PPC managing director Njombo Lekula said domestic...
By Golden Sibanda | Published: 06 June 2014
ZIMBABWE-BASED banking solutions provider Edgetech Solutions is preparing to launch a new mobile payment service that uses sound-based communication technology from NearBytes to let people make paymen...
By nfcworld.com | Published: 06 June 2014
Cambria Africa could get a $20 million revenue boost from the disposal of non-core assets and claims relating to disputes over leased aircraft. This potential revenue could just be the tonic the pan-A...
By Staff reporter | Published: 06 June 2014
Diversified group, ART Corporation recorded a $1,16 million loss in the half year period ended March 31, 2014 from a profit of $236 000 a year earlier after its business units achieved lower volumes d...
By Walter Muchinguri | Published: 06 June 2014
Agro-industrial Company, Ariston Holdings Limited's revenue for the half year ended March 2014 increased 29 percent on the back of improved marketing by the group.The group recorded $8,6 million in re...
By Tinashe Makichi | Published: 06 June 2014
First Mutual Holdings will tighten the screws on premiums collection and enhance service provision as part of concerted efforts to maintain growth.Chief executive Mr Douglas Hoto said after the group'...
By Business Reporter | Published: 06 June 2014
Government has given notice that it will move a motion to remove all board members of Hwange Colliery Company Limited at the annual general meeting in June.Secretary for Mines and Mining Development P...
By Business Reporter | Published: 06 June 2014
INGWEBU Breweries expects to increase sales volumes during the Soccer World Cup, which kicks off in Brazil this month.ingwebu-cratesThe Bulawayo City Council's commercial undertaking says its sales co...
By Staff reporter | Published: 04 June 2014
APEX Holdings (Pvt) Ltd is disposing its 46,68% shareholding in Phoenix Consolidated Industries Ltd, as the company is currently under judicial management.Apex Holdings (Pvt) Ltd was placed under judi...
By Staff reporter | Published: 04 June 2014
First Mutual Holdings recorded a 20% growth in total income for the period ended 30 April on the back of increase in rental income and premium, group CE Doug Hoto told the AGM yesterday.Giving the tra...
By Staff reporter | Published: 04 June 2014
Building materials manufacturer, Turnall Holdings has said it was crucial for government to resuscitate operations at Shabanie Mashava Mines to curb spiralling import costs of chrysotile asbestos fibe...
By New Ziana | Published: 04 June 2014
Ferrochrome producer, ZimAlloys on Sunday said it is still searching for partners to inject funds into the company to enable it resume operations.The mining firm ceased operations in 2008 due to lack ...
By New Ziana. | Published: 04 June 2014
Production at listed cement manufacturer, Lafarge Cement Zimbabwe is expected to increase to 500 000 tonnes per annum once current plant upgrade is complete, an official has said.Lafarge is currently ...
By Business Reporter | Published: 04 June 2014
NATIONAL Foods says milling volumes especially in the southern region are depressed due to the high volume of imports."We are making every effort to compete, however, our milling volumes in the southe...
By Business Reporter | Published: 04 June 2014
Brick maker Willdale Limited's rights offer has been grossly under subscribed by shareholders after only 15 percent of the owners responded to the $3,2 million cash call.Chief executive Mr Clifford Mu...
By Staff reporter | Published: 04 June 2014
BRITISH American Tobacco Zimbabwe (BAT) has called on governments across Southern Africa to carefully consider the unintended consequences of increased taxes on tobacco products with the intention of ...
By Staff reporter | Published: 02 June 2014
MASHONALAND Holdings Limited has recorded a 28% decline in after tax profit to $1,6 million for the half year ended March 31 2014 as compared to $2,7 million over the same period last year.In a statem...
By Staff reporter | Published: 02 June 2014
ZIMBABWE'S largest beverages producer Delta Corporation Limited, has announced plans to upgrade its plant and machinery at a cost of $54 million in a programme expected to run until next March.Company...
By Staff reporter | Published: 02 June 2014
Impala Platinum Holdings Limited (Implats)'s Zimbabwean unit Zimplats says government has not yet responded to its objection to the compulsory acquisition of its 28 000 hectares of land.The grabbed la...
By Staff reporter | Published: 02 June 2014
Cairns Holdings prospective investor Vasari Global has requested to renegotiate a number of issues with major creditors amid fears the deal could collapse over undisclosed differences.In an update to ...
By Golden Sibanda | Published: 02 June 2014
More retrenchments are looming at PG Industries as the group seeks to turn around its fortune after sinking deeper into the red, posting a $11,3 million loss for the year ended December 2013.The group...
By Staff reporter | Published: 02 June 2014
Court rebukes RBZ, lifts US$7m freeze 
Mugabe son paid shooting victim R400k, court told 
Trump admin launches $166B tariff refund portal 
Gold-backed ETF set for VFEX debut 
Fuel shock drives Zimbabwe inflation higher 
Court ruling exposes deep cracks in Zimbabwe's gold trade 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
