RTG loss widens to $4.7mln

HARARE, May 3 (The Source) – The Rainbow Tourism Group (RTG) on Wednesday said its after-tax loss for the full year to December widened to $4,7 million from $29,304 recorded in the prior year, mainly on the back of lost revenues and retrenchment costs. Revenue… Read More

NSSA buys 10pct of NicozDiamond shares

HARARE, November 23 (The Source) – State run pension fund, National Social Security Authority (NSSA), on Wednesday bought  56.6 million shares, 10 percent of Zimbabwe’s largest short-term insurer NicozDiamond’s total issued share capital, that were offloaded by a foreign investor at 2,75 cents. Foreign buyers… Read More

NBS launches $2 million housing project

By Ruth Ngwenya HARARE, October 20 (The Source) – Zimbabwe’s newest mortgage lender, National Building Society (NBS), on Thursday launched its first housing project valued at $2 million under an agreement with Lafarge Cement. The mortgage lender, which opened its doors in May, is wholly… Read More

NSSA names new management to lead restructuring

HARARE, August 3 (The Source) – The National Social Security Authority (NSSA) has appointed Elizabeth Chitiga as general manager, replacing long-time chief executive James Matiza, who was fired last October. It also appointed senior managers to replace four directors, who were dismissed alongside Matiza. NSSA… Read More