Wednesday, January 16, 2019
JOHANNESBURG - South African drugmaker Adcock Ingram posted a 26 percent increase in full-year profit on Tuesday, boosted by cost cuts and higher demand for antiretroviral drugs used to treat HIV. A man runs past the Adcock Ingram offices in Johannesburg, file. REUTERS/Siphiwe Sibeko Headline earnings per share — the main...
BH24 Reporter HARARE – Listed telecoms giant Econet Wireless has launched the EcoFarmer Club which offers farmers access to a rich bundle of services, that include agricultural commodity prices, valuable farming tips, relevant local weather information and a mobile trading platform which links farmers to buyers. Speaking at the launch of...
 Michael Magoronga Over 10 NetOne base stations are set to be constructed in Gokwe South as a way of curbing network connectivity challenges in the area. Recently, a base station was commissioned at Marapira Growth point and more are earmarked for construction. The Gokwe base stations project is part of the a...
Tawanda Musarurwa HARARE - NMB Holdings recorded a profit before tax of $11, 7 million for the half-year ended June 30, 2018, resulting in total comprehensive income of $9 million. This was an increase of 155 percent compared to the same period last year, when comprehensive income stood at $3, 5...
 Dr Lee-Ann Steenkamp South Africa is processing a new report produced by an independent panel that reviewed the current list of items exempted from Value Added Tax (VAT). The review came after VAT was increased in the 2018/19 budget, from 14% to 15%, to help the country plug a huge...
Munyaradzi Musiiwa GWERU - Cement manufacturing company Sino Zimbabwe Cement Company’s its brick and tile manufacturing plant, which was once stalled in 2016 due to the slowdown of the Chinese economy coupled with the global financial crisis, is now 70 percent complete and is expected to be commissioned in October. The...
Tawanda Musarurwa HARARE - AIM-listed mining group Caledonia Mining is moving ahead with its proposed plan to increase its stake in the Blanket Gold Mine after recently signing a Memorandum of Understanding with Fremiro Investments with the intention to purchase Femiro’s 15 percent shareholding in the gold producer. Caledonia currently holds a 49 percent...
Jannie Rossouw South Africa’s second largest opposition party, the Economic Freedom Fighters (EFF), has lodged a parliamentary motion to amend laws that govern the management and ownership of the country’s central bank. Judging by the content of the South African Reserve Bank Amendment Bill the EFF is clearly intent on upping...
George Maponga MASVINGO - Plans by Government to start exploiting Tugwi-Mukosi Dam water have gathered momentum with the Infrastructural Development Bank of Zimbabwe having started identification of the more than 25 000hectares to be irrigated by the water body in arid parts of southern Masvingo. Government last year roped the infrastructural...
Martin Kadzere Zimbabwe’s manufacturing output surged during the first half of the year, signalling a strong performance by one of the sectors the country is hoping will help support economic growth, according to the Confederation of Zimbabwe Industries (CZI). The growth has been mainly driven by increased consumer demand and import...