HARARE, January 10 (The Source) – Border Timbers is hoping to have at least $5 million in tax penalties written off, and allow it to enter into a scheme of arrangement with creditors and eventually come out of judicial management.
HARARE, October 9 (The Source) – Border Timbers narrowed its loss after tax by 89 percent from $24,3 million to $2,6 million in the full year to June buoyed by a cut in costs.
HARARE, March 31 (The Source) – Agro-industrial concern Border Timbers, which is currently under provisional judicial management, reported a 35 percent drop in revenue to $8,7 million in the six months to December 2016 from $13,5 million in the prior year. The company incurred an… Read More
HARARE, January 26 (The Source) – The judicial manager of agro-industrial concern Border Timbers, Peter Bailey says the company will fully recover but will only pay off its $10 million liabilities over an eight-year period. The company was placed under final judicial management in March… Read More
MUTARE, October 6 (The Source) – Border Timbers loss after tax widened from $4 million to $24 million in the full year to June due to a fire outbreak which led an asset write-down, the company said on Thursday. The company, which operates five estates… Read More
HARARE, April 4 (The Source) – Agro-industrial concern Border Timbers has been placed under judicial management despite having shown signs of recovery last year when it narrowed its loss for the full-year to June by 54 percent to $4, 3 million. The company, a subsidiary… Read More
Harare, January 9, (The Source)-Agro-industrial concern Border Timbers has applied to be placed under provisional judicial management, seeking cover from creditor pressure, as yet another big firm faces viability problems and struggles to keep thousands in jobs. Border employs 1,700 workers. The company said the… Read More
HARARE, July 15, (The Source) – Four listed companies are facing suspension over nonpayment of annual fees amounting to $23,000, the Zimbabwe Stock Exchange said on Tuesday. ZSE chief executive, Alban Chirume said Art Holdings, Celsys, Border Timbers and RioZim were in breach of their… Read More
HARARE, November 20 (The Source) – Border Timbers has warned of more job losses after retrenching 800 employees, nearly a third of its workforce, in the past year citing high labour costs. “We sadly have to continue this because we are forced by the environment,”… Read More
MUTARE, November 12 (The Source) – The Labour Court has ordered Border Timbers to reinstate 70 workers at its Mutare factories, saying their termination in March this year was unlawful, a workers union said on Tuesday. The affected workers were engaged on fixed-term contracts since… Read More
HARARE, September 30 (The Source) – Radar Holdings will remain listed on the Zimbabwe Stock Exchange in spite of the changes in the structure of the group, which saw Border Timbers demerged. Chief executive Elias Hwenga told analysts on Friday the group would remain on… Read More