Zimbabwe missing Africa’s dawn

By Farai Murambiwa, HARARE, February 3 (The Source) –  Sub-Saharan Africa (SSA) is the ‘in thing’ now among investment professionals. There is no discussion on the next best investment idea that fails to mention the region. Many have likened its poise to China three decades… Read More

Merlin seeks $14 mln Sino Zim bailout

BULAWAYO, January 29 (The Source) – Bulawayo-based textile company, Merlin has approached the Chinese owned Sino Zim Cotton Holdings seeking $14 million in combined short and long-term funding to revive operations,  it has been learnt. Sino Zim produces yarn and lint which it exports to… Read More

ABC minorities snub buyout offer

HARARE, January 28 (The Source) – Minority shareholders of financial group, ABC Holdings have snubbed the mandatory buyout offer by major investor ADC Financial Services, with just 17 percent being taken up on the Zimbabwe and Botswana registers, the company said on Tuesday. Just 0.15… Read More

Delta Q3 revenue down on poor lager sales

HARARE, January 17 (The Source) – Zimbabwe’s largest brewer, Delta, on Friday reported a three percent dip in revenue for the third quarter to 31 December due to a softening market that is symptomatic of falling economic activity and disposable income. Delta Corporation, 38 percent… Read More