HARARE, October 13 (The Source) – Listed beverages manufacturer Delta Corporation, (Delta), says it is set to acquire a controlling stake in Lusaka Stock Exchange-listed sorghum beer company, National Breweries Plc (NatBrew), from its parent firm, Anheuser-Busch InBev SA/NV (AB InBev).Company secretary Alex Makamure said… Read More
HARARE, October 11 (The Source) – Zimbabwe Stock Exchange-listed beverages manufacturer, Delta Corporation (Delta), says its sorghum beer volumes for the quarter to September were down three percent, affected by cash shortages in the main markets.
HARARE, September 29 (The Source) – General Beltings Holdings narrowed its net loss for the six months to June by nearly a third to $254,230 from $360,380 in the prior comparable period chiefly due to lower operating expenses.
HARARE, September 29 (The Source) – Turnall Holdings says it is negotiating with banks to conclude a scheme of arrangement which will see the manufacturer of building materials restructure its debt. Acting finance director, Samson Mavende told analysts on Thursday that the scheme of… Read More
HARARE, September 28 (The Source) – Lafarge Cement recorded a 12,6 percent decline in revenue to $23,1 million in the six months to June from $26,5 in the prior year weighed down by a decline in sales. The company recorded a $1,76 million loss before… Read More
HARARE, September 28 (The Source) – Medtech Holdings reported improved revenues and margins during the half-year period to June 30, but profitability was weighed down by a net exchange rate loss of $996,000.
HARARE, September 27 (The Source) – Light manufacturing group, Innscor reported an 11 percent increase in net income to $33,69 million in the full-year to June, from $30,48 million in the prior year on cost savings.
BULAWAYO, September 26 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says volumes at its Zimbabwe operation rose 25 percent in the period between January to August on increased production at its new Harare mill.
HARARE, September 22 (The Source) – Blue Ribbon Industries on Friday said it has put on hold a further $20 million investment to expand its business as it awaits the government to amend its empowerment legislation.
HARARE, September 14 (The Source) – Plastics manufacturer, Proplastics’s net income for the six months to June grew nearly threefold to $352, 946 from $91,243 reported in the same period last year on increased sales and lower finance costs.
HARARE, August 31 (The Source) – On Monday this week, government announced that Chinese firm R&F will invest $1 billion in Zimbabwe Iron and Steel (Ziscosteel), the latest attempt to revive the once the largest integrated steel works in the region which shut in 2008.… Read More
HARARE, August 28 (The Source) – Chinese firm R&F will invest $1 billion in Zimbabwe Iron and Steel (Ziscosteel), a Minister said on Monday, the latest attempt to revive the moribund steelmaker, once the largest integrated steel works in the region which shut in 2008.… Read More
HARARE, August 22 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says its Zimbabwe operation recorded double digit volume growth in the quarter ended June, attributable to investment in the Harare mill. Last November, the company commissioned an $82 million plant in Harare,… Read More
HARARE, August 18 (The Source) – Buildings materials maker Turnall Holdings on Friday said cash flow and production volumes are showing signs of recovery in the second half of the year after a ‘difficult’ first half period.
VICTORIA FALLS, August 4 (The Source) – Proplastics says revenue levels for the first half of the year surpassed last year’s as the plastic products manufacturer’s production continues to rise since installation of a new plant.