Stanbic profit falls 11pct to $21mln

HARARE, March 30 (The Source) – Stanbic Bank Zimbabwe reported a 11 percent drop in profit after tax from $23,9 million to $21,2 million in the full year to December 2016, as cash transactions decline and foreign currency shortages persist.   Net interest income was… Read More

ART chief executive Ameer quits

HARARE, March 13 (The Source) – Amalgamated Regional Trading (ART)’s chief executive, Tapiwa Ameer has quit the group, two years after his appointment, the company has said. Art has appointed Milton Macheka as the acting chief executive with effect from March 1. Macheka is the… Read More

Axia HY profit down 16pct

HARARE, March 9 (The Source) – Axia Corporation’s after tax profit in the half-year period to December 31, 2016, dropped 16 percent to $7,8 million compared to $9,4 million in 2015, largely on increased operational costs. Revenue at $119 million was 14 percent up on… Read More