HARARE, August 9 (The Source) – Zimbabwe should accelerate its plans to introduce fuel marking as the programme could save the country at least $240 million annually in revenue lost to smuggling and eventually lower fuel prices, an industry expert has said.
HARARE, August 9 (The Source) – African Sun Limited overturned a half year 2016 loss position of $560,000 to a net profit of $190,000 in 2017 largely driven by the growth in revenue and cost management initiatives.
BULAWAYO, August 9 (The Source) — Zimbabwean abattoirs have successfully lobbied government to scrap a levy on raw skin and hide exports till the local leather industry has recovered, according to a confidential industry report.
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.
HARARE, August 4 (The Source) – Non-life insurers reported a 60 percent increase in after tax profit from $2.39 million to $3.83 million in the quarter to March, driven by an increase in gross premiums written (GPW) and a reduction in operational expenses, a report… Read More
HARARE, August 4 (The Source) – MBCA Bank’s net profit more than doubled to $2,7 million in the six months to June from $1,2 million achieved in the comparable period last year, driven by an increase in non-interest income.
HARARE August 3 (The Source) – Zimbabwe’s largest financial group, CBZ Holdings on Thursday reported an after tax profit of $12 million in the six months to June which is largely flat when compared to $11,9 million achieved in the same period last year. Net… Read More
HARARE, August 3 (The Source) – Internet and mobile based transactions reached $1,56 billion in May, nearly double from $814 million in January driven by massive uptake of the electronic payments. “This has gone a long way at reducing reliance on hard cash by business… Read More
MUTARE, August 3 (The Source) – The Zimbabwe Consolidated Diamond Company (ZCDC) says it is yet to receive the High Court order barring it from mining in the Chiadzwa diamond fields with immediate effect until it has been granted an Environmental Impact Assessment (EIA) certificate… Read More
HARARE, August 2 (The Source) – Australian-listed junior miner Prospect Resources Limited says the first product samples from its Arcadia Lithium project in Harare are in high demand from potential customers in Asia, Europe and United States and believes it will secure a market for… Read More
BULAWAYO, August 2 (The Source) — Local cutters want the government to scrap the tender system in allocating diamonds, saying some companies are left with no gems if they lose during the bidding.
HARARE, August 2 (The Source) – Zimplats reported an 11 percent increase in revenue to $143,5 million in the quarter to June from $128,9 million in the same quarter last year, driven by a 6 percent increase in platinum group metals (4E) sales volumes.
HARARE, August 1 (The Source) – The High Court of Zimbabwe on Tuesday ordered the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) to stop diamond mining activities in Chiadzwa with immediate effect until it has been granted an Environmental Impact Assessment (EIA) certificate.
ZVISHAVANE, August 1 (The Source) – Sabi Gold Mine in Zvishavane produced 79, 6 kilogrammes of gold in the first four months since reopening in March this year, according to the judicial manager.
HARARE, August 1 (The Source) – Deposit taking microﬁnance institution, GetBucks says its $15 million Medium Term Note will now be placed privately by way of a tap issue following slow uptake of the initial offer which opened in May.