Zimpapers FY profit down 26pct

HARARE, March 24 (The Source) – Zimbabwe’s largest media house, Zimpapers, on Friday reported that its net profit for the year to December 2016 fell by a quarter to $2,02 million from $2,7 million in the prior year. Revenue was down 6,3 percent to $37,6… Read More

Zimpapers H1 PAT drops 70pct

HARARE, September 22 (The Source) – Zimbabwe’s largest media group, Zimpapers on Thursday reported a 70 percent drop in net profit, from $1,9 million to $571,000, for the half year to June 2016 after incurring a high interest bill. The group incurred interest charges of… Read More

Zimpapers in $2,6mln capex

HARARE, June 23 (The Source) – Zimbabwe’s largest media group, Zimpapers, on Thursday said it has plans to invest $2,6 million in capital expenditure this year, despite revenues slowing in the first five months of the year. “We have put money in print to purchase… Read More

Introducing The Source

By Nelson Banya, HARARE, October 29 (The Source) – Today, we launch The Source. The Source is a new independent business and financial news service that will provide accurate and informed news and analysis. It is based in Zimbabwe and has established a network of… Read More