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Harare
Monday, June 14, 2021
£1bn efficiencies to fuel New Category investment Creation of open innovation and corporate venture teams to accelerate the development of productsNew category revenue growth expected to slow in the first half of the year Harare - British America Tobacco Plc (BAT), a cigarette and tobacco manufacturing...
Volumes plunged 35%Revenue grew by 25%Operating income increased by 15%71% profit contraction Harare - Zimbabwe Stock Exchange listed alcoholic beverage maker, African Distillers Limited (Afdis) has joined the band wagon after registering low volumes, as the business environment succumbs to the prevailing macro-economic challenges.
All parts of the project progressing wellRevenue and EBITDA dropped by 5% to 10% in the material business segment Harare - Dual listed regional cement manufacturer Pretoria Portland Cement (PPC) has announced that there is marked progress on the project the Group embarked on following the indication...
PPC Zimbabwe volumes down by 15% to 20%SA cement volumes dipped by 16% to 18%, total imports up by 17% Group capex lower than the same comparable period and is expected to be lower end of the guided range given in the Group’s interim results Harare -...
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...
Decline in sales attributed to the impact of erosion of disposable incomesBoard of Directors are currently engaging the Judicial Manager on ensuring that Victoria Foods exits the judicial management before the financial year ending 30 September 2020The Group said that it will focus on ensuring consistent raw material supply pipelines are...
Revenue growth of 10.5% recordedSales volumes lower due to Zim economic challengesGroup revenue up by 2.7% Harare- The economic challenges being experienced in Zimbabwe negatively affected the performance of Distell’s African units in the six months ended 31 December 2019. In a...
Company’s harvested cane declined by 5%Private farmers harvest slumps by 14%Sugar production was 12% lower in the period Harare - Hippo Valley Estates Limited realized a decline in cane and sugar production in the nine months to 31 December 2019 as the trading environment remains challenging.
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...
Total industry sugar production marginally declined by 3%Little rainfall risky to the industryProgress at Project Kilimanjaro Harare - Hippo Valley Estates Limited, a subsidiary of Tongaat Hullett Limited primarily involved in growing and milling sugar cane in Zimbabwe said despite the commissioning of the Tugwi-Mukosi Dam in...