ZSE TODAY

ZSE continues recovery as Mid-Caps rally

Today the Zimbabwe Stock Exchange continued its moderate recovery as mid-tier stocks rallied to leave the market in the black. Market value was up 0.7% to ZWL $18.2 billion while trades were up 62.7% ...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

Govt intensifies CAPS revival bid

GOVERNMENT has intensified efforts to resuscitate ailing pharmaceutical company, CAPS, to ease drug shortages that have seen pharmacies demanding payment for drugs in foreign currency, Defence and War...

By Staff reporter | Published: 27 November 2018

FINANCIAL SERVICES

Interest caps hit POSB income

POSB's net interest income declined by 9,84% to $11,02 million in the financial year ending December 31, 2017, which it blamed on the interest caps put in by the central bank last year.Net interest in...

By Staff reporter | Published: 07 June 2018

BUSINESS NEWS

Indian health firm to take over CAPS

A top Indian health firm, Ajanta Pharma, has signed a letter of intent with Government to take over CAPS Pharmaceuticals and revive its operations. Further, the company intends to set up a top-notch h...

By Staff reporter | Published: 06 April 2018

Govt seeks partner for drugs-maker CAPS

Government is looking for an investor to inject $6 million in once Zimbabwe's and southern Africa's biggest drug manufacturer - CAPS Holdings - which has been teetering on the brink of total collapse ...

By Staff reporter | Published: 16 August 2017

Caps United dislodge Dembare

DESPITE bowing out of the CAF Champions League in the group stages, CAPS United have made giant strides on the CAF Club rankings by moving from 51st to 24th position and the Green Machine are now Zimb...

By Staff reporter | Published: 13 July 2017

INDUSTRIALS & ENERGY

Investors keen on CAPS Holdings

A NUMBER of investors have shown interest in CAPS Holdings, but the pharmaceutical company is caught up in numerous court cases, Industry and Commerce minister Mike Bimha has said.At its peak, CAPS Ho...

By Staff reporter | Published: 04 July 2014

INDUSTRIALS & ENERGY

'RBZ collapsed CAPS operations'

CAPS Holdings executive chairman Mr Fred Mutanda has made sensational claims that the Reserve Bank of Zimbabwe collapsed the operations of CAPS Pharmaceuticals after ordering delivery of "all stocks ...

By Staff reporter | Published: 17 March 2014

INDUSTRIALS & ENERGY

CAPS Holdings empire crumbles

St Anne's Hospital, a subsidiary of pharmaceutical group Caps Holdings, could become a subject of a hostile takeover bid by "a suitor" said to be linked to its former landlord following the expiry of ...

By Staff reporter | Published: 07 March 2014

INDUSTRIALS & ENERGY

BAT launches new capsule technology

BAT Zimbabwe has launched a new capsule technology Dunhill Switch offering consumers two tastes in one cigarette; an innovation the group says will change the face of the tobacco category in Zimbabwe....

By Staff reporter | Published: 12 November 2013

INDUSTRIALS & ENERGY

Mtanda in bid to prevent CAPS auction

Embattled CAPS Holdings boss, Fred Mtanda, has made an offer to stop the auctioning of the pharmaceutical company's assets to settle debts owed to financial institutions. Mtanda is reportedly negotiat...

By Staff reporter | Published: 12 September 2013

BUSINESS NEWS

CBZ holds on to Caps head office

CBZ Bank is holding on to Caps Holdings head office after it emerged that last month's auction of the attached property was reversed. CBZ Holdings group chief executive officer John Mangudya last week...

By Business reporter | Published: 14 August 2013

INDUSTRIALS & ENERGY

CAPS Pharmaceuticals has collapsed

DRUG manufacturing company CAPS Pharmaceuticals has collapsed after the firm's factory premises in Harare's Southerton industrial area was last week auctioned for US$1,5 million cash.This was after t...

By Business reporter | Published: 22 July 2013

INDUSTRIALS & ENERGY

Caps on the on the brink of collapse

FORMER Zimbabwe Stock Exchange listed drug maker Caps Holdings is on the on the brink of collapse after the High Court sheriff ordered the sale some of its assets to pay off money owed to CBZ Bank. A...

By Business reporter | Published: 10 June 2013
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