GB Holdings FY loss widens to $3mln

HARARE, May 2 (The Source) – Manufacturing concern GB Holdings’ losses worsened to $3 million in the full year to December, from $2,1 million in the prior year, dragged down by narrowing revenues and increasing operating costs, the company reported on Friday. Revenue was down… Read More

Old Mutual Zim declares $17mln dividends

HARARE, April 23 (The Source) – Old Mutual Zimbabwe Limited (OMZL) shareholders on Wednesday approved payment of dividends amounting to $17,4 million for the year ended 31 December 2013, after a 7 percent jump in operating profit. The figure includes a $7.4 million dividend to holders… Read More

ZITF starts, President Mugabe to open fair

BULAWAYO, April 22 (The Source) – Zimbabwe’s largest trade exhibition opened on Tuesday with President Robert Mugabe now expected to officially open the showcase, following the withdrawal of Congo Brazzaville president, Denis Sassou Nguesso. President Sassou Nguesso pulled out on Friday to attend a meeting… Read More

Domino’s Pizza for Zim

BULAWAYO, April 10 (The Source) – South Africa-based Taste Holdings  has signed a 30-year master franchise agreement (MFA) with Domino’s Pizza International Franchising  to develop the brand in  seven southern African countries, including Zimbabwe. The company said this was a long-term strategic decision to grow… Read More