AICO courts new investors

By Chipo Musoko, HARARE, August 30, 2013 (The Source) – AICO Africa Limited’s negotiations with potential investors to recapitalise two of its companies are at an advanced stage, a company official said on Friday. Group chief executive Patrick Devenish told shareholders that there was need… Read More

POSB in H1 loss

HARARE, August 28, 2013 (The Source) – The People’s Own Savings Bank (POSB) has posted a loss of $131 000 for the half year ended 30 June 2013 down from a profit of $715 000 during the same period last year on the back of… Read More

Hwange colliery workers in brief sit-in

VICTORIA FALLS, August 27, (The Source) – Coal miner Hwange Colliery’s workers downed tools overnight but quickly reached a compromise with management over outstanding salaries. The workers, from the open pit division, have not been paid for the past four months, and about 200 workers… Read More