Company News

1 month ago | August 26, 2022

OK Zim decries high interest rates

Nelson Gahadza Leading retail group, Ok Zimbabwe, says interest rates at 200 percent have made borrowing costs excessive ...

NetOne lobbies for more forex

Michael Tome NETONE says it is lobbying for access to more foreign exchange allocations as it seeks to meet its forex ...

2 months ago | August 19, 2022

Sable Chemicals in ambitious dairy project

Business Writer Sable Chemicals has an ambitious plan to establish a dairy farm aimed at producing 65 million litres of ...

Cafca export up 8pc

Enacy Mapakame Listed cables manufacturer, Cafca Limited says its export volumes were 92 tonnes in the third quarter to ...

Powercuts weigh on production capacity

Enacy Mapakame As inflationary pressures and exchange rate volatility haunt businesses, erratic supply of utilities is ...

OK Zimbabwe’s sales volume hardly changed

Tapiwanashe Mangwiro OK Zimbabwe, one of the country’s retail giants, said volume rose by a marginal 1 percent in the ...

2 months ago | August 12, 2022

Interest rate hike to hit Nedbank’s loan book

Nelson Gahadza The increase in interest rates by the Reserve Bank of Zimbabwe (RBZ) will impact current facilities on ...

Caledonia gross profit jumps 28,8pc

Enacy Mapakame Caledonia Mining Corporation Plc says gross profit for the quarter to June 30, 2022 jumped 28,8 percent ...

Bittersweet: High-cost pressures hit Hippo

Michael Tome Business Writer LISTED sugarcane producer, Hippo Valley Estates says high-cost pressures on account of ...

2 months ago | August 5, 2022

Bakery firm targets Zambian market

Business Writer Bulawayo-based firm, Bernard Remegious Bakery (BRB), is planning to spread the distribution of its ...

CBZ confirms appetite for mergers, acquisitions

Tapiwanashe Mangwiro CBZ Holdings, the country’s largest bank by customer size, confirmed its appetite for growth ...

BancABC, TelOne launch City Hopper agency

Michael Tome ATLAS Mara’s local banking subsidiary, BancABC yesterday partnered with TelOne to launch City Hopper ...

About National Tyre Services (NTS)

National Tyre Services Limited is a Zimbabwe Stock Exchange listed distributor and retailer of new tyres and tubes for ...

2 months ago | July 29, 2022

OK Zim splashes $3bn on capital expenditure

Business Writer Listed retail giant, OK Zimbabwe, says it spent $3,1 billion in 2022 on capital expenditure as it seeks ...

Delta pricing strategy translates to revenue growth

Nelson Gahadza Beverages giant, Delta Corporation, says volume growth across its operations and the replacement ...

Zimplats’ US$1,8bn investment plan on course

Nelson Gahadza Zimbabwe’s largest platinum group metal (PGMs) producer Zimplats Holdings, says implementation of its ...

State to squeeze out minority Cottco shareholders

Business Writer The Government is taking steps to squeeze out some Cottco Holdings minority shareholders as it seeks to ...

3 months ago | July 22, 2022

Seed Co’s artificial seed dryer pays dividends

Enacy Mapakame Listed seed maker, Seed Co Limited’s recently launched artificial seed drying plant, is now operational ...

Caledonia to buy Bilboes Gold for $53m

Oliver Kazunga GIANT global investor, Caledonia Mining Corporation Plc, which owns Blanket Mine in Gwanda, has signed a ...

Border Timbers sees positive trajectory after judicial management

Tapiwanashe Mangwiro Border Timbers is forecasting a positive trajectory and growth after exiting Judicial Management in ...