HARARE, July 13 (The Source) – Masawara Plc, an investment holding company focused on acquiring interests in Zimbabwe and the southern African region, overturned an after tax loss of $4.7 million in 2015 to achieve an after tax profit of $58,000 in 2016.
BULAWAYO, February 1 (The Source) — Zuva Petroleum says it is already reaping the benefits of its rebranding exercise, with volumes up 10 percent as its new identity resonate better with customers. The fuel distributor felt the need the need for new colours after a… Read More
JOHANNESBURG May 21 (Reuters) – South Africa’s biggest insurer Sanlam Ltd will buy a 40 percent stake in a Zimbabwean insurance firm, it said on Thursday, betting on the industry’s growth in a country facing a liquidity crunch and weak domestic savings. Sanlam will pay… Read More
HARARE November 10 (The Source) – Masawara plc has acquired 59 percent of TA Holdings shares previously in the hands of minorities, taking its shareholding in the group to 75 percent. Masawara’s previous offer was blocked after TA shareholders rejected a High court sanctioned scheme… Read More
By Oswell Kapotsa, HARARE, September 30 (The Source) – TA Holdings (TA) shareholders might have been closely following developments concerning the Masawara offer to buy out minorities in the last few weeks and this has turned into an interesting “Special Situation” type of investment. In… Read More
HARARE, September 16 (The Source) – TA Holdings shareholders have voted against a High Court-sanctioned scheme of arrangement proposing the takeover of the investment group by Masawara plc, the majority shareholder who sought to delist it from the Zimbabwe Stock Exchange. About 66 percent of… Read More
By Ray Chipendo, JOHANNESBURG, September 11 (The Source) – Few investment strategies match the return that a successful buyout yields for an individual invested in a target company. Offers in the range of a 100 percent premium on market price are not unusual. But a… Read More