Art reports $1mln after tax loss

HARARE, December 11 (The Source) – Amalgamated Regional Trading (Art) Corporation has reported a $1,1 million loss for the full year to September compared to a profit of $400,000 recorded during the same period last year on declining revenues and rising operating expenses. Revenue was… Read More

RioZim appoints new CE, chairman

HARARE, November 10 (The Source) – Resources group RioZim has appointed Noah Matimba as its chief executive, replacing Ashton Ndlovu who left the group last month, the company announced at the weekend. Matimba, an accountant by training, has previously worked for Anglo American Corporation and… Read More

Zim inflation slides to 0.09 pct – Zimstat

HARARE, October 14 (The Source) – Zimbabwe’s annual inflation rate shed 0.06 percentage points to 0.09 percent in September compared to 0.15  percent recorded in August, as deflationary pressures persist, the national statistics agency said on Tuesday. Month-on-month inflation rate stood at -0.01 percent after… Read More