PPC profit plummet 96pct, revenue up

BULAWAYO, June 8 (The Source) – Regional cement producer Pretoria Portland Cement (PPC) says volumes at its Zimbabwe operation dropped three percent in the full year to March 31, as cash shortages persist. Prices suffered in US dollar terms, falling 10 percent during the year.… Read More

NBS to float housing bonds

CHINHOYI, April 13  (The Source) – The National Building Society (NBS) plans to float a series of bonds in the second half of the year as part of moves to raise $150 million for the construction of 10,000 housing units this year. The mortgage lender,… Read More

IDBZ to float more housing bonds

HARARE,  March 2 (The Source) – The Infrastructure Development Bank of Zimbabwe (IDBZ) says it intends to float more bonds to raise financing for its housing development projects but at a lower yield rate in line with current interest rates. The state owned institution was… Read More