Zimglass seeks $36 mln working capital

GWERU, October 16 (The Source)  – The Industrial Development Corporation of Zimbabwe’s glass manufacturing unit is seeking $36 million in working capital, an official said on Wednesday. Zimbabwe Glass Industries (Zimglass) last week resumed production of flint glass, its cash cow in recent years, but… Read More

SA minister calls for business partnerships

HARARE, October 15 (The Source)– South Africa Trade and Industry deputy minister Elizabeth Thabethe says Zimbabwean companies and South African investors should enter into partnerships that promote local production in order to reduce trade deficit between the two nations. Addressing a South Africa-Zimbabwe business conference,… Read More

Zimglass resumes production of flint glass

GWERU, October 9 (The Source) – Zimbabwe’s sole glass  maker, Zimbabwe Glass Industries (Zimglass) has resumed  manufacturing flint glass used in bottling soft drinks, three years after suspending production, a company official said on Wednesday. Zimglass spokesperson, Dereck Sibanda told The Source that production of flint glass… Read More

Phoenix shares suspended from trading on ZSE

By Chipo Musoko, HARARE, October 3 (The Source) – The Zimbabwe Stock Exchange (ZSE) on Thursday suspended Phoenix Consolidated Industries after the troubled plastic and steel company voluntarily applied for judicial management. “Phoenix Consolidated Industries Limited shares were suspended from trading with immediate effect after… Read More