HARARE, July 21 (The Source) – Like Psychology Maziwisa trying to fill potholes with mud in peak rainy season in Highfield, glorifying the informal market is a poor attempt at covering up failure. Over the past week, debate has raged over Maziwisa’s claim that his… Read More
By Simbarashe Zishiri, HARARE, July 21 (The Source) – Agro-industrial group CFI Holdings on Thursday traded at 31,05 cents, 41 percent above Stalap’s minority offer price of 22 cents, raising the possibility of a bidding war among shareholders defending their interests in the agro-industrial group.… Read More
HARARE, July 20 (The Source) – Platinum production at Unki Mine for the second quarter to June 30 rose 10 percent to 19,500 ounces compared to 17,800 ounces in the same period last year largely on improved efficiencies at the mine.
HARARE, July 20 (The Source) – Agro industrial group Zimplow has posted $263,000 profit after tax for the six months to June from a $2 million loss in the comparable period last year.
HARARE, July 20 (The Source) – Beverage giant Delta Corporation on Thursday reported a two percent increase in revenue for the first quarter to June 30 relative to the comparable period last year driven by volume growth in most segments.
HARARE, July 19 (The Source) – Hardware company, Fabco Private Limited, is seeking new investors to turnaround the company after creditors voted to put it under final judicial management.
HARARE, July 14 (The Source) – Struggling state-owned National Railways of Zimbabwe (NRZ) only has 60 operational locomotives, some as old as 50 years and owes its workers $90 million in unpaid salaries, according to a Parliamentary Portfolio Committee report. NRZ has a fleet of… Read More
By Kuda Chideme, HARARE, July 14 (The Source) – Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya on Wednesday told a business symposium organized by the University of Zimbabwe that the country had received $2,8 billion in foreign currency receipts between January and June. By… Read More
HARARE, July 13 (The Source) – Anyone who has worked in the tobacco industry will testify that buying and selling the golden leaf is a notoriously painstaking exercise where every bit of leaf that goes through the auction system is checked and re-checked, mostly for… Read More
BULAWAYO, July 13 (The Source) — Financial services group CBZ Holdings and Bulawayo City Council (BCC) on Thursday signed a memorandum of understanding (MOU) to construct 670 houses at a cost of $7 million in the city.
HARARE, July 13 (The Source) – Zimbabwe’s state net revenues amounted to $1,7 billion in the half year to June 30, 2,72 percent above target and 9,74 percent higher than the comparable period last year, the tax agency said on Thursday.
By Kuda Chideme, HARARE, July 12 (The Source) – Zimbabwe’s inflation rate is too low, and needs to increase to stimulate economic growth, central bank governor John Mangudya has said.
HARARE, July 12 (The Source) – The Oil Expressers Association of Zimbabwe says it has engaged government for a financing facility of $100 million for soya bean production.
MUTARE, July 12 (The Source) – The Depositors Protection Corporation (DPC) has recovered $35 million from six closed banks and has so far reimbursed $3,2 million out of $6 million owed to depositors, chief executive John Chikura said on Wednesday.
HARARE, June 12 (The Source) – Tourist arrivals in Zimbabwe shot up six percent to 479,718 in the first quarter of 2017 compared to the same period last year buoyed by a five percent increase in visitors from mainland Africa, the Zimbabwe Tourism Authority has… Read More