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Sunday, April 5, 2020
Severe power outages directly affecting productionMoody’s cuts South Africa’s 2020 economic growth to 0.7% from a previous forecast of 1.5%Sub-Sahara has the lowest electricity generation capacity which results in forgone economic opportunity Harare - Neighbouring South Africa just like Zimbabwe, has had to endure...
Crippling economic growth are shortages of key economic enablers such as power and fuel, foreign currency shortages as well as soaring inflationAmidst this terrain, there is a general sentiment that government has failed to inspire confidence which is critical to promote investment and business operations“Clarity of national plans is important to build...
2019 capacity utilisation fell to 36.4 from 48% in 2018According to the CZI report, on energy, companies indicated that they get 50% monthly power supply from the main gridThe projected 2020 capacity utilisation is 27%, which is 9.4% below the 2019 levelSouth Africa dominated as the source of raw materials, followed by...
Mismanagement affects African AirlinesSA government seeks to rescue SAAAir Zim receives new aircraft todayEthiopian Airlines to build US$5 billion airport 2019 goes down in history as a rough year for the global aviation industry. More than 20 airlines closed up shop across the world, with financing woes being a common...
Harare – Boarder Timbers Limited on Tuesday released its trading update for the 12 months to 30 June 2019. Highlights of the company’s operations for the period under review include the impact of unrealised exchange loss on a foreign loan amounting to ZWL24.2 million which resulted in the company recording...
Harare – Zimbabwe Stock Exchange – listed quick service restaurant group, Simbisa Brands Limited has reported a 91% overall growth in revenues to ZWL$390.8 million compared to ZWL$204.7 million in the previous year. Contributing to this performance was the positive contribution from its regional operations where customer counts grew by...
Harare – ZECO Holdings Limited said the Group’s performance was adversely affected during the half year ended 30 June 2019 as no major projects were undertaken due to inflationary pressures resulting in the suspension of major projects. Listed on the Zimbabwe Stock Exchange (ZSE), ZECO Holdings builds rail wagons and...