HARARE, October 24 (The Source) – The Minerals and Marketing Corporation of Zimbabwe (MMCZ) says mineral export volumes for the period January to September 2017 have improved ‘significantly’ compared to same period in 2016 largely driven by increased chrome exports.
HARARE, October 24 (The Source) – Platinum production at Unki Mine in the third quarter to September 30 increased nine percent to 19,800 ounces compared to 18,200 ounces in the same period last year, largely on improved efficiencies at the mine.
HARARE, October 23 (The Source) – Zimbabwe investment group, Brainworks Capital’s loss after tax widened to $5,2 million in the six months to June, from $1,6 million in the comparable period last year on increased expenses despite a 23 percent rise in revenue.
HARARE, October 23 (The Source) – Zimbabwe’s telcos revenue in the quarter to June increased by 3.2 percent to $185.6 million from $179.8 million recorded in the previous quarter, the industry regulator has said.
By Almot Maqolo, HARARE, October 20 (The Source) – The Deposit Protection Corporation (DPC) says it is ready to pay out $4.2 million to creditors and depositors of Tetrad Investment Bank.
HARARE, October 19 (The Source) – Zimbabwe has signed an agreement with Hong Kong-based R&F for the Chinese property firm to invest $1 billion to revive fallen steelmaker, Ziscosteel, Industry Minister MIke Bimha said on Thursday.
BULAWAYO, October 17 (The Source) – South African retailer Pick n Pay says its Zimbabwe associate TM Supermarkets performance boosted the group’s half year revenue for its Rest of Africa division which increased by 12.6 percent to R2.3 billion ($170 million).
By Karel Stander, JOHANNESBURG, October 16 (The Source) – Zimbabwe is an expensive tourist destination if one measures the value of the Rand (or Pula) against the Dollar and consider the most expensive border fees in the region. The average South African middle class tourist,… Read More
HARARE, October 13 (The Source) – Malawi-based First Merchant Bank ( FMB) has received regulatory approvals to acquire an effective 42,7 percent shareholding in Barclays Bank Zimbabwe, completing its takeover of the bank.
By Simbarashe Zishiri, HARARE, October 13 (The Source) – Zimplats says it is already compliant with Zimbabwe’s beneficiation requirements and will not be affected by the imposition of the punitive 15 percent levy on unprocessed platinum exports from next year, according to chief executive Alex… Read More
HARARE, October 13 (The Source) – Listed beverages manufacturer Delta Corporation, (Delta), says it is set to acquire a controlling stake in Lusaka Stock Exchange-listed sorghum beer company, National Breweries Plc (NatBrew), from its parent firm, Anheuser-Busch InBev SA/NV (AB InBev).Company secretary Alex Makamure said… Read More
BULAWAYO, October 12 (The Source) – Botswana-listed retail group, Choppies says revenue at its Zimbabwe operations grew by 17 percent in full year ended June 30 despite a sluggish economy underlined by chronic shortages of cash. The growth in revenue was despite a three percent… Read More
By Yeukai Musara, HARARE,October 12 (The Source) – Zimre Holdings Limited (ZHL) has called off plans to sell off its shareholding in insurance firms in NicozDiamond and Fidelity Life Assurance, citing increased uncertainty in Zimbabwe’s financial system.
HARARE, October 11 (The Source) – Zimbabwe Stock Exchange-listed beverages manufacturer, Delta Corporation (Delta), says its sorghum beer volumes for the quarter to September were down three percent, affected by cash shortages in the main markets.
BULAWAYO, October 11 (The Source) — Zimbabwe’s raw milk production increased by nearly three percent to 5,72 million litres in September, compared to 5,58 million litres achieved in the same period last year, latest figures show. According to figures from the Ministry of Agriculture’s dairy… Read More