HARARE, January 10 (The Source) – Border Timbers is hoping to have at least $5 million in tax penalties written off, and allow it to enter into a scheme of arrangement with creditors and eventually come out of judicial management.
HARARE, October 9 (The Source) – Border Timbers narrowed its loss after tax by 89 percent from $24,3 million to $2,6 million in the full year to June buoyed by a cut in costs.
HARARE, March 31 (The Source) – Agro-industrial concern Border Timbers, which is currently under provisional judicial management, reported a 35 percent drop in revenue to $8,7 million in the six months to December 2016 from $13,5 million in the prior year. The company incurred an… Read More
HARARE, January 26 (The Source) – The judicial manager of agro-industrial concern Border Timbers, Peter Bailey says the company will fully recover but will only pay off its $10 million liabilities over an eight-year period. The company was placed under final judicial management in March… Read More
MUTARE, October 6 (The Source) – Border Timbers loss after tax widened from $4 million to $24 million in the full year to June due to a fire outbreak which led an asset write-down, the company said on Thursday. The company, which operates five estates… Read More
HARARE, April 4 (The Source) – Agro-industrial concern Border Timbers has been placed under judicial management despite having shown signs of recovery last year when it narrowed its loss for the full-year to June by 54 percent to $4, 3 million. The company, a subsidiary… Read More
HARARE, November 5 (The Source) – Agro-industrial concern Border Timbers, which is currently under provisional judicial management, narrowed its loss for the full-year to June by 54 percent to $4,3 million as the struggling company starts to show signs of recovery. Border Timbers, a subsidiary… Read More
By Chipo Musoko, HARARE, April 15 (The Source) – Three banks that are owed a total of $6,3 million by struggling Border Timbers Limited (BTL) on Wednesday blocked a bid to place the firm under final judicial management saying they need time consider existing options before… Read More
HARARE, December 31 (The Source) – The central bank on Wednesday said it will not extend the curatorship of troubled Interfin Bank, paving way for its liquidation after potential investors failed to inject fresh capital into the bank. RBZ had given a potential investor, who was… Read More
By Bernard Mpofu, HARARE, December 15 (The Source) – The central bank has given a potential investor seeking to inject $50 million in Interfin Bank up to Wednesday next week to show a strong commitment in bailing out the troubled financial institution after threatening to… Read More