14 C
Harare
Monday, July 6, 2020
Depressed product demand registeredGroup will implement a number of measures in order to consolidate and sustain profit gainsExport turnover contributed 5.0% of turnover Harare -Turnall Holdings Limited registered depressed product demand in the year ended 31 December 2019 (FY 2019) as harsh macroeconomic...
16% of surveyed firms sent workers on unpaid leaveClosure of firms affects economic growth and developmentProduction and trading volumes dipped 36% between 25 to 30 March 2020 The coronavirus pandemic has had stringent effects on both local and international employees and has given...
88% of surveyed companies are failing to access source and export marketsCompanies are failing to meet local demand for some products81% of surveyed firms are experiencing supply chain disruptions Harare - COVID-19 has been leaving a trail of destruction in its wake as...
Nampak Zimbabwe faces liquidity challengesAs a result raw material supply management was challenging for HunyaniUS Dollar linked Kwanza bonds provided effective protection against the Angolan Kwanza devaluation Diversified packaging manufacturer Nampak Limited with a Zimbabwean unit Nampak Zimbabwe said it has registered healthy liquidity in its Angolan...
Rand Refinery fails to secure commercial flights to UKRand Refinery suspends shipmentsGold contributed 37% to Zim’s 2019 forex receipts Zimbabwe’s gold exports have come under threat after South Africa’s Rand Refinery suspended its gold exports to the UK upon failing to secure commercial flights to ship...
Bata Zimbabwe substitutes imports from Zambia The company earns a substantial niche market on the local and regional market In February 2019, Bata commissioned a gumboot manufacturing plant Bata to invest US$400 000 in production in first half of 2020
Natpak volumes increased by 18%Rigids packaging operation operated close to capacity Sacks and flexibles divisions marginally below last year’s performance Harare- Innscor’s Natpak registered an 18% volumes growth in the half year ended 31 December 2019 compared to the comparable prior period.
Lafarge annual Output to increase 614%New CE to explore regional marketsNew US$2.2 mill Turkish plant to extend Lafarge product offering Listed Cement manufacturer, Lafarge Zimbabwe yesterday held a groundbreaking ceremony for an Expansion Project encompassing the construction of a US$2.2 million Turkish plant...
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...