21.7 C
Harare
Friday, May 14, 2021
Production went down 17%Revenue down 23%Significantly, profit was up 214% from a loss position SPLY HARARE – The introduction of more stringent measures by government authorities to curb the spread of COVID-19 negatively affected Border Timbers' (currently under judicial management) production volumes for...
Fuel prices have a direct impact on pricingPrices will pile pressure on already struggling companies Harare – The Confederation of Zimbabwe Retailers (CZR) petitioned authorities to look into the cost-push factors behind the recent fuel hikes which it says have a direct impact...
Farmers praise increase of forex retention capNegotiations ongoing to reach 70 percent Harare – The Tobacco Farmers Union of Zimbabwe (ToFUZ) yesterday praised the Government for increasing the foreign currency retention cap from 50 percent to 60 percent ahead of the opening of...
Capacity utilization rose by 11 percentage pointsProjected to rise to 61 percent in 2021 Harare –  Capacity utilization of Zimbabwe’s manufacturing sector rose by 11 percentage points to 47 percent in 2020 from 36.4 percent in 2019 on the back of improved foreign...
Restaurant business teetering on the brinkThose that are able to do takeaways report income of between eight and 20 percent of pre-lockdown levels.Up to half of existing operations are on the brink of permanent closure. Harare – Restaurant operators on Tuesday bemoaned Government’s...
. The review will reopen the economy. Will play a significant role in injecting life into various businesses. Harare – The Confederation of Zimbabwe Retailers on Tuesday said it welcomes the balanced review of the lockdown by President Emmerson Mnangagwa which focuses on fighting...
HARARE – The only ZSE-listed brick maker, Willdale Limited recorded a 12% increase in sales volumes for the year ended 30 September 2020 despite the impact of COVID19 on their business. Sales volumes for the last quarter to 30 September 2020 were...
ZSE listed building and piping products manufacturer Turnall Holdings has announced the appointment of a new Managing Director effective 1 December 2020 as part of a  series of board changes that have occurred in the group over the past 6 months. According...
A number of construction works were completed during the periodPAT up 15.7% ahead of prior yearFull-year results expected to be ‘significantly’ ahead of the comparative period Harare – Masimba Holdings Limited, a Contracting and Industrial group in Zimbabwe, providing engineering and infrastructure solutions...
• Amendment of Mines and Minerals Act to be prioritised• Reopening of closed and new mines critical• Sector is projected to grow by 7.7% in 2021 Harare - As the country is working towards a US$12 billion mining industry by 2023, government said...