HARARE, December 11 (The Source) – Australian-listed junior miner Prospect Resources says the change of government in Harare bodes well for its future growth because of its focus on promoting inward investment.
HARARE, December 12 (The Source) – Zimbabwean banks are willing to accept government issued 99-year leases as collateral for loans to farmers, an official has said.
HARARE, December 10 (The Source) – The Zimbabwe Stock Exchange mainstream index shed 10,16 percent to close the week on 335,97 points, on losses in selected heavyweight counters as punters see positives in the country’s economic direction. The mining index however gained 4,67 percent to… Read More
HARARE, December 8 (The Source) – Zimbabwe’s finance minister Patrick Chinamasa says country’s cash crisis will not be resolved overnight, saying he is minded to tackle the widening budget trade deficit.
HARARE, December 8 (The Source) – National Tyre Service (NTS) reported an after tax profit of $171,499 in the half year to September from a loss of $54,576 last year driven by an increase in revenue.
HARARE, December 8 (The Source) – Zimbabwe’s mining sector requires at least $392 million in working capital to sustain operations in 2018, up from the $211 million which was invested this year, an industry survey has revealed.
HARARE, December 7 (The Source) – Zimbabwe’s raw milk production increased by 4,8 percent to 5,89 million litres in October, compared to 5,62 million litres recorded in the same period last year, latest figures show. Latest data from the Dairy Services Department shows that retailed… Read More
HARARE, December 7 (The Source) – Mashonaland Holdings narrowed its loss position for the year ended 30 September 2017 to $1.6 million compared to $5.9 million in 2016 largely driven by reduced property expenses.
HARARE, December 7 (The Source) – Bindura Nickel Corporation’s net income grew 88 percent to $2,2 million from $1,2 million in the six months to September, driven by higher mineral prices and cost management initiatives.
HARARE, December 6 (The Source) – Zimbabwe’s telecoms revenue increased by 19,7 percent to $292,7 million from $244.5 million in the previous quarter driven by a rise in data usage, the industry regulator said.
HARARE, December 6 (The Source) – First Mutual Holdings (FML) is set to acquire Zimbabwe’s largest short term insurer, NicozDiamond, after getting regulatory approval, the company said on Wednesday. State-controlled pensions manager National Social Security Authority (NSSA) has transferred to FML its holdings of 300,263,184… Read More
HARARE, December 6 (The Source) – Stalap nominated directors Douglas Mamvura and Ephraim Chawoneka resigned from CFI Holdings board on Tuesday night ahead the agro-industrial group’s extraordinary general meeting (EGM) called to dismiss them.
HARARE, December 6 (The Source) – Innscor Africa says its units had a mixed performance during the first quarter, with revenue falling marginally compared to same period last year, but gross margins were higher.
HARARE, December 5 (The Source) – State-run pension fund, National Social Security Authority (NSSA), says it has started due diligence processes to acquire an 80 percent stake in the struggling Cold Storage Company (CSC) after the government approved the transaction.
HARARE, December 5 (The Source) – CFI Holdings acting executive Timothy Nyika has thrown in the towel as the fight for control of the agroindustrial group between major shareholders intensifies.