RTG loss widens to $4.7mln

HARARE, May 3 (The Source) – The Rainbow Tourism Group (RTG) on Wednesday said its after-tax loss for the full year to December widened to $4,7 million from $29,304 recorded in the prior year, mainly on the back of lost revenues and retrenchment costs. Revenue… Read More

Meikles’ mining JV collapses

HARARE, March 22 (The Source) – Meikles Limited’s foray into mining faces uncertainty following the withdrawal of its foreign joint venture partner, Centar Limited. Announcing Meikles’ belated 2016 financials, chairman John Moxon announced that Centar had withdrawn from Zimbabwe. He did not give reasons behind… Read More

Zim firms take part in German tourism expo

BULAWAYO, March 7 (The Source) — At least 15 Zimbabwean tourism firms and organisations will exhibit at a major global tourism exposition—International Travel Bourse (ITB)—to be held in Berlin, Germany, this week, an official has said. The expo, which has attracts over 185 countries, kicks off on… Read More

Vic Falls hotel occupancy up 8 percent

VICTORIA FALLS, March 7 (The Source) – Victoria Falls’ hospitality industry is set for improved fortunes after recording an eight percent increase in hotel occupancy during the first two months of 2017. Ross Kennedy, chief executive officer of one of Zimbabwe’s largest leisure groups Africa… Read More