Power cuts set to intensify – ZESA

HARARE, September 4 (The Source) – Zimbabwe’s power utility ZESA says the country will experience more power cuts in the next five months owing to maintenance work being carried out at Hwange and Kariba power stations, as well as diminishing imports. In a statement issued… Read More

AICO courts new investors

By Chipo Musoko, HARARE, August 30, 2013 (The Source) – AICO Africa Limited’s negotiations with potential investors to recapitalise two of its companies are at an advanced stage, a company official said on Friday. Group chief executive Patrick Devenish told shareholders that there was need… Read More

POSB in H1 loss

HARARE, August 28, 2013 (The Source) – The People’s Own Savings Bank (POSB) has posted a loss of $131 000 for the half year ended 30 June 2013 down from a profit of $715 000 during the same period last year on the back of… Read More