HARARE, January 4 (The Source) – The Zimbabwe Stock Exchange (ZSE) has suspended agro-industrial group, CFI Holdings from trading for three months to allow the company to comply with listing requirements, the bourse said on Thursday.
HARARE, December 18 (The Source) – Messina Investments’ Nicholas Van Hoogstraten said Stalap nominated directors who recently exited the agro-industrial group, CFI Holdings shall be held accountable for the alleged poor corporate governance and will have criminal cases brought against them.
HARARE, December 5 (The Source) – CFI Holdings acting executive Timothy Nyika has thrown in the towel as the fight for control of the agroindustrial group between major shareholders intensifies.
HARARE, December 4 (The Source) – Stalap Investments, a major shareholder in agro-industrial group CFI Holdings, has instituted legal action seeking to declare last month’s extraordinary general meeting (EGM), which cancelled a 2015 $18 million land-debt swap deal with Fidelity Life Holdings, null and void.
HARARE, October 27 (The Source) – Willoughby’s Investments, one of the major shareholders in CFI Holdings Limited, is now seeking removal of three directors including the acting chairperson, Grace Muradzikwa, escalating the war over control of the agro-industrial conglomerate. Last week Willoughby’s Investments, with support… Read More
HARARE, August 7 (The Source) – The Securities and Exchange Commission (SECZ) says CFI Holdings minority shareholders should disregard an informal offer by Messina Investments which it says undermines the integrity of the market and transparency in trading of equities on the local bourse.
HARARE, July 27 (The Source) – British tycoon, Nicholas Van Hoogstraten on Thursday made a counteroffer to CFI minorities, at 46 cents per share more than double the offer by Stalap as the two rivals intensify their battle for control of the agro-industrial group.Zimre Holdings… Read More
By Simbarashe Zishiri, HARARE, October 5 (The Source) – Hwange Colliery Company’s financial results over the last five years make for sorry reading. On Monday, the coal miner reported a $28 million net loss for the six-month period to June 30. This has become a… Read More
HARARE, June 30 (The Source) – Zimbabwe’s government will issue $52 million worth of Treasury Bills to pay off part of Hwange Colliery Company’s debt, two years after the company spurned a loan that could have significantly improved its performance and capacity to service its… Read More
HARARE, June 20 – (The Source) British property magnate, Nicholas van Hoogstraten, could make a mandatory offer to CFI Holdings minority shareholders after raising his stake in the diversified listed firm to 35 percent. Through his investment vehicle Willoughby’s Investments Private Limited, van Hoogstraten has raised… Read More
Harare June 15 (The Source) – Rainbow Tourism Group (RTG) shareholder Nick Van Hoogstraten has opposed the group’s decision to restructure a $10 million NSSA loan, arguing that the initial loan was not used for its intended purpose. The loan, which was due December 2015, has been restructured… Read More
HARARE, April 13 (The Source) – CFI Holdings chief executive (CEO) Stephen Kuipa is set to leave the Zimbabwe Stock Exchange-listed agro-industrial concern, the company announced on Wednesday. The group, which has been hit by shareholder wrangling, also announced the immediate departure of chairman Simplicius… Read More
HARARE, June 25 (The Source) – British tycoon Nicholas van Hoogstraten planned to give global commodities giant Glencore Plc a management contract to turn around Zimbabwe’s struggling Hwange Colliery Company as part of a $50 million rescue package in 2013, a local financial newspaper reported… Read More
HARARE, January 8 (The Source) – Portuguese conglomerate, Mota-Engil has secured a mining contract with Hwange Colliery Company Limited (HCCL) worth $260 million, the company announced on Wednesday. The five-year contract, which commences this month, includes drilling works,detonation, load and transportation of coal at the… Read More
BULAWAYO, October 28 (The Source) – Cash-strapped coal miner Hwange Colliery has sent 1,000 workers – nearly a third of its total workforce – on unpaid leave as it grapples with a $14 million six-month salary backlog and a debt of $160 million, an official… Read More