Meikles’ mining JV collapses

HARARE, March 22 (The Source) – Meikles Limited’s foray into mining faces uncertainty following the withdrawal of its foreign joint venture partner, Centar Limited. Announcing Meikles’ belated 2016 financials, chairman John Moxon announced that Centar had withdrawn from Zimbabwe. He did not give reasons behind… Read More

Edgars FY profit plummets 90pct

HARARE, March 22 (The Source) – Clothing retail chain Edgars Stores’ net profit dropped nearly 90 percent to $548,000 from $4,57 million after a 19 percent drop in sales. Merchandise sales were $50,3 million for the year to January 8, 2017 compared to $62,3 million last… Read More

Imara to exit Botswana Stock Exchange

BULAWAYO, March 21 (The Source) – Regional asset manager Imara Holdings will delist from the Botswana Stock Exchange with effect from March 31, after BSE approved its application to exist the bourse. The company’s shareholders approved the delisting at an extraordinary general meeting held on… Read More