Edgars PAT at $1mln YTD

BULAWAYO, June 7 (The Source) — Clothing retail chain Edgars Stores’ profit-after-tax nearly trebled to $1 million in the year-to-date, from $35,000 last year and 200 percent above budget due to lower costs. In a trading update at the group’s annual general meeting on Wednesday… Read More

The power of mini-grids

By Strive Masiyiwa and Richard Branson, HARARE – Despite impressive economic development in recent years, Africa still lags far behind on energy, with almost two-thirds of the continent’s citizens lacking access to electricity. While getting more power to the people is an important goal, extending… Read More

Zim govt issues $600mln TBs to pay ZESA debts

HARARE,  June 5  (The Source) – Zimbabwe’s Treasury has issued about $600 million worth of Treasury Bills to settle debts owed by parastatals and local authorities to the country’s power utility,  a senior government official has said.   In January, the Zimbabwe Electricity Supply Authority… Read More

Gains in big cap stocks push ZSE higher

HARARE, June 2  (The Source) – The ZSE industrial index this week advanced 4,79 percent to 167,98  points, pushed by gains in heavyweight counters. The mining index also gained 0,61 percent to close the week at 69.63 points. Market capitalisation increased by 4,68 percent to $4,9… Read More

Wilderness Safaris to bid for Air Botswana

May 29 (Reuters) – Regional tourism company, Wilderness Safaris, plans to make a bid for Air Botswana, the country’s loss-making national airline which the government wants to privatise. Botswana put the airline up for sale in February, part of plans to privatise loss-making state-owned companies.… Read More