HARARE, September 22 (The Source) – Blue Ribbon Industries on Friday said it has put on hold a further $20 million investment to expand its business as it awaits the government to amend its empowerment legislation.
HARARE, September 22 (The Source) – Listed media group, Zimpapers on Friday reported a net profit growth of 93 percent to $1 million for the six months to June from $570,520 recorded in the same period last year despite a fall in revenue.
By Matt E.T Matigari, September 21 (The Source) – Fool me once, shame on you, fool me twice, shame on me. So, what’s my point here? The point is we can’t be conned twice the same way in 10 years and blame the conmen. It… Read More
HARARE ,September 21 (The Source) – Padenga Holdings on Thursday said its net income doubled to $4,05 million in the six months to June from $2 million in the comparable period last year on the back of fair value adjustments on biological assets. Padenga made… Read More
HARARE, September 21 (The Source) – Axia Corporation reported a six percent increase in after tax profit to $15,3 million in the year ended June from $14,5 million last year on increased revenue. Revenue at $248,3 million was 26 percent up on prior year’s $197,5… Read More
HARARE, September 20 (The Source) – Zimbabwe is in talks with South Africa to put in place a framework which will allow its citizens working in the neighbouring country to repatriate their pensions upon their return home, an official has said. It is estimated… Read More
HARARE, September 20 (The Source) – A visiting Parliamentary delegation from Iran on Wednesday expressed concern over the extremely low trade volumes between Zimbabwe and Iran. Chairman of the Iran-Zimbabwe Parliamentary Friendship Group, Mostafa Kavakebian who is also a member of the Iranian Parliamentary Portfolio… Read More
HARARE, September 20 (The Source) – Construction and engineering group Masimba Holdings recorded a 23 percent increase in after tax profit to $137,422 in the half year to June from $111,477 in the comparable period last year on improved revenue coupled with overhead efficiencies. Revenue… Read More
HARARE, September 20 (The Source) – Tourist arrivals in Victoria Falls shot up 21,6 percent to 119,758 in the first six months of 2017 compared to the same period last year owing to an increase in air connectivity, an industry report has shown.
HARARE, September 19 (The Source) – The Zimbabwe Stock Exchange (ZSE) on Tuesday eased for the second consecutive day, dropping 4,94 percent to 371,31 points as profit-taking took hold among punters.
By Adel Moyo, HARARE, September 19 (The Source) – Zimbabwe has effectively shelved plans to extend its Feruka pipeline to Francistown, Botswana citing viability concerns over the project, an official has said.
HARARE, September 19 (The Source) – Clothing retail chain Edgars stores reported a fivefold increase in after tax profit to $567,499 in the six months to July, from $109,119 last year driven by an increase in revenue and savings on finance costs.
HARARE, September 18 (The Source) – Australian-listed junior miner Prospect Resources says it is negotiating with potential investors to raise $55 million to construct a concentrate plant for its Arcadia lithium project in Harare.
HARARE, September 18 (The Source) – The Zimbabwe Stock Exchange is soaring, setting new records each day. Last week alone, the market capitalisation added $3,2 billion to $11,3 billion as demand for equities soared.
HARARE, September 15 (The Source) – Zimbabwe’s year-on-year inflation remained flat at 0.14 percent in August, according to data released by the statistics agency on Friday.