Tuesday, November 13, 2018
Sibongile Maruta HARARE – Zimbabwe’s cigar wrapper tobacco crop has continued to be popular with farmers with 24 500 kilogrammes having been produced during the 2018 marketing season. The high value tobacco brand is being grown in Burma valley where there are favourable conditions. The crop is being funded by Von Eicken,...
Chipo Sabeta HARARE – Tobacco farmers have grossed $728, 7 million from 249,1 million kilogrammes that have been delivered 100 days into the 2018 marketing season. This is the first time that tobacco farmers has broken the 19-year tobacco output record 238 million kg. This is a gain of more than $180...
BH24 Reporter HARARE - Zimbabwe Stock Exchange-listed Zimplow posted an overall profit after tax of $1, 61 million for the half-year results to June 30, 2018.08.16 This was a 511, 12 percent jump from $0, 26 million in the prior comparable period. The group’s total revenue for the period rose 38 percent...
Fortunate Gora MASHONALAND WEST - Maize traders who tamper with their scales to dupe farmers risk being arrested and should desist from the unscrupulous act, a Government official has said. Briefing Tourism and Hospitality Industry Minister Priscilla Mupfumira at the Mashonaland West Agricultural Show in Chinhoyi during the weekend, Trade Measures...
Tawanda Musarurwa HARARE - With global trends showing that cigarette consumption is set to increase, largely in medium and low income countries, Zimbabwe’s largest cigarette manufacturer could benefit from this expected outturn according to analysts. The country’s cigarette market is estimated at 1, 845 billion sticks per year, which implies consumption...
Enacy Mapakame HARARE - Agriculture implements group, Zimplow holdings Limited are considering a shareholder approval for a share buy back as it seeks to enhance strong returns for its shareholders. The share buyback scheme should enhance shareholder welfare, help in reduction in cost of capital, enhance earnings per share and the...
Enacy Mapakame HARARE - Revenue for the country’s postal and courier services plunged 28 percent to $9,1 in the first quarter of 2018 compared to $12,7 million achieved in the previous quarter on depressed business. Regulator, Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) attributed the fall in revenue to decline...
Enacy Mapakame ZIMBABWE Stock Exchange listed nickel mining firm, Bindura Nickel Corporation (BNC's) smelter restart project has stagnated at 83 percent completion due to funding constraints. The nickel miner indicated that progress on the project was put on hold during the year due to capital constraints. “The delay in completing the project...
HARARE – The local bourse’s All Share index opened the week lower at 105.05 after losing 0.22 points as Hippo Valley led the losers with a $0, 2300 loss to close at $1, 4000, while cement producer PPC shed $0, 0499 to end at $1, 5500 and Old Mutual...
HARARE – The ZSE’s All Share index opened the week on a higher note after adding 0.63 points to close at 103.87 as Old Mutual traded $0, 1893 higher at $7, 0085, while SeedCo added $0, 1015 to trade at $2, 1499 and Padenga increased by $0, 0400 to...