NSSA payouts up 51pct to $83,5m

HARARE, February 25, (The Source) – Zimbabwe’s social security agency paid out $83,5 million to pensioners last year, up 51 percent from the 2012 figures and driven by adjustments in contributions, an official said on Tuesday. National Social Security Authority (NSSA) general manager James Matiza… Read More

ZSE weakens in mixed trades

HARARE, February 25 (The Source) – The industrial index dropped 0.37 points on Tuesday to 189.88 points in a session of mixed trades. Weighing down the index were losses recorded in blue chip counters, mainly Delta, BAT and OK. Hippo led the bears with a… Read More

Anchor Yeast seeks to rise on import ban

By Bernard Mpofu, HARARE, February 25, (The Source) – Zimbabwe’s sole yeast producer Anchor Holdings has lobbied Parliament for a three-year ban on imports in a bid to save the business from collapse. Company chief operating officer Muvirimi Kupara told a parliamentary portfolio on industry… Read More

Delta, OK Zim drag ZSE lower

HARARE, February 24 (The Source) – The equities market started the week on a slow note, with the benchmark index shedding 0.46 points to end at 190.25 points. Two of the heavyweights, Delta and OK traded in the negative as the only shakers for the… Read More

Tobacco sales double

HARARE, February 21 (The Source) – Sales for flue cured tobacco shot to $1.1 million on the second day of trading, almost double the $591 000 sales for last year although prices softened, the Tobacco Industry and Marketing Board (TIMB) said on Friday. About 517… Read More