HARARE, February 5 (The Source) – Regional cement manufacturer, Pretoria Portland Cement (PPC) says sales at its Zimbabwean operation increased by between 30 to 40 percent for the nine months to December 31, 2017.
HARARE, January 30 (The Source) – Agro-industrial group TSL on Tuesday reported a 75 percent increase in net income to $4,8 million in the full year to October 2017 from $2,8 million in the previous year, driven mainly by a recovery of the company’s agriculture… Read More
HARARE, January 30 (The Source) – Government has gazetted the Zisco Debt Assumption Bill, effectively taking over the steel giant’s debt, clearing the way for its takeover by Chinese firm, Tian Li and its revival.
By Kuda Chideme, HARARE, January 17 (The Source) – Government will assume Ziscosteel’s estimated $450 million debt in order to make the steel giant attractive to the Chinese firm R&F which has agreed to invest in the company, finance minister Patrick Chinamasa has said.
HARARE, January 16 (The Source) – Moribund steelmaker, Ziscosteel on Tuesday announced that it will be seeking approval from its minority shareholders to allow Government to assume its debt estimated at $450 million, and its takeover by Hong Kong firm, Tian Li.
HARARE, January 16 (The Source) – Beverage maker Delta Corporation reported a 24 percent increase in revenue for the third quarter to December 31 driven by a sharp rise in demand over the festive period.
HARARE, January 10 (The Source) – Border Timbers is hoping to have at least $5 million in tax penalties written off, and allow it to enter into a scheme of arrangement with creditors and eventually come out of judicial management.
HARARE, December 18 (The Source) – ART Corporation after tax profit rose to $2.9 million for the year to September 30, from $1.9 million in 2016 after a strong performance across its operations.
HARARE, December 18 (The Source) – Bakers have agreed to reduce the price of a loaf of bread to between 90cents and a dollar.
HARARE, December 18 (The Source)- Surface Wilmar, says it intends to invest $25 million in Olivine industries to replace ageing machinery and improve the company’s productive capacity.
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 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, November 30 (The Source) – Sugar processor Star Africa Corporation’s narrowed its loss after tax by 60 percent in the half year period to September 30, from $3,3 million last year to $1,3 million on the back of improved efficiencies, sales and cost containment… Read More
HARARE, November 27 (The Source) – Packaging group Nampak Zimbabwe recorded a 13,5 percent growth in net income for the year to September 30 to $4,9 million from $4,3 million in the prior period.
HARARE, November 16 (The Source) – Cable manufacturer CAFCA reported a 73 percent increase in profit after tax to $726,213 for the year ended September 30, on the back of increased sales volumes.