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

AfrAsia Bank gets new MD, board

HARARE, January 8 (The Source) – AfrAsia Bank Zimbabwe Limited, formerly Kingdom Bank has appointed Tineyi Mawocha as its new managing director with effect from 6 January, the bank said on Wednesday. The appointment comes after Mauritian-headquartered AfrAsia Bank Limited, which now owns a controlling stake of 65.38… Read More

Caledonia declares quarterly dividend

Harare, January 7 (The Source) – Toronto Stock Exchange-listed mining company, Caledonia Mining Corporation  has declared a dividend of one and half cents ($0.015) for the first quarter to January, according to a statement issued by the company on Tuesday. The mining company owns a… Read More