Datlabs challenges hit Adcock Ingram profit

BULAWAYO, February 22 (The Source) – South African pharmaceutical group Adcock Ingram says its businesses in Zimbabwe and Kenya have continued to under perform, cumulatively incurring a trading loss of $69,000 in the six months to December, 2016. The Johannesburg listed company has interests in… Read More

Econet defies ZSE, says EGM to go ahead

HARARE, February 2 (The Source) – Econet Wireless says its extraordinary general meeting to consider a proposed $130 million capital raise will go ahead as planned on Friday, setting itself on a collision course with the Zimbabwe Stock Exchange which directed the company to postpone… Read More

ZSE orders Econet to postpone EGM

HARARE, Feb 1 (The Source) – Econet Wireless Zimbabwe’s extraordinary general meeting, slated for Friday to consider a proposed $130 million capital raise, has been postponed indefinitely, the Zimbabwe Stock Exchange (ZSE) has said. Econet’s capital call has generated some controversy largely due to its… Read More

CBZ sets up insurance broking unit

HARARE, January 26 (The Source) – CBZ Holdings on Thursday launched a risk advisory service which it says will bolster its insurance business and diversify the group’s earnings. CBZ, which operates the country’s biggest retail bank, a building society, and an asset management company already… Read More