Wednesday, December 19, 2018
Kudzanai Sharara Zimbabwe Stock Exchange listed entity Lafarge Cement is looking for a strategic business partner for its special products segment where it seeks to grow existing brands as well as introduce new product lines. Lafarge has been producing cement and lime-based products as part of its diversification strategy to boost...
Golden Sibanda One of Africa’s leading seed breeders, Seed Co Group, says it has started conducting research in South Africa with a view to develop hybrid varieties which can do well in the predominantly temperate climate region. The Zimbabwe Stock Exchange (ZSE) listed company is involved in the breeding, multiplication and...
BH24 Reporter HARARE - Old Mutual Zimbabwe posted an operating profit of $34, 3 million, a jump of 27 percent for the six months period to June 30, 2018. Speaking at an analysts briefing yesterday, Old Mutual Zimbabwe CEO Jonas Mushosho attributed the increased growth in operating profit to strong performances...
Business Writer The Industrial Development Corporation (IDC) has sold its 15 percent stake in Scaw Metals Group's Grinding Media, South Africa, to a United States of America firm, Magotteaux International as it seeks to cut spiralling losses. Scaw Metals owns Haggie Rand in Zimbabwe. Haggie Rand is one of the oldest...
Enacy Mapakame Agro- industrial concern, CFI Holdings Limited said its FY2018 focus would be on ensuring revival of operations at its two subsidiaries — Agrifoods and Victoria Foods that were put under judicial management. This will enable the two entities to take advantage of the positive sentiment in the economy that...
Pauline Mhuka HARARE – Hippo Valley Estates Acting Chief Executive officer, Aiden Mhere, has been proclaimed the 2017 Chartered Secretary of the year. Hippo Valley has the overall responsibility for Tongaat Hullet business in Zimbabwe. Mr Mhere last year championed and succeeded in putting together the commercial framework that led to the...
Business Writer Hospitality concern, Rainbow Tourism Group (RTG) says continued foreign market growth, expenses rationalisation and balance sheet restructuring have set the group on a better financial footing with growths in the top line and occupancy being realised for the year ended 31 December 2017. The group’s revenue grew by 12...
Tawanda Musarurwa For the second time in two years, Government has expressed dissatisfaction with investors that had been granted permission to invest in the mothballed Kamativi Mines amid indications some officials were circumnavigating due process to sell-off the mine. The Kamativi Tin Mines in Matabeleland North are a wholly owned subsidiary...
Tawanda Musarurwa Air Zimbabwe administrator Reggie Saruchera, has said they expect the revival of the national airliner to come full circle by May 30, 2019. Saruchera, a managing partner at Grant Thornton and Camelsa, said the first of several key meetings is set for next week (November 27). “The reconstruction programme is...
Business Writer Spirits and wine maker, African Distillers (Afdis) says demand for its products during the half-year period ended 31 December 2017 was firm, but due to foreign currency challenges the company experienced inconsistent product supply in the market. In a statement of the financials, the company’s chairman Pearson Gowero said...