Struggling hardware retailer PG Industries Limited has reported a reduced loss after tax position for the year ended December 2015 at $3.9 million from $6.6 million in the prior year, largely on streamlining operations and reduction of interest on debt.
Thousands of Zimbabweans today rallied in support of President Robert Mugabe, days after war veterans called the 92-year-old a corrupt dictator, highlighting manoeuvring over the ZANU-PF leader's succession and anger over growing hardships.
The Movement for Democratic Change-Tsvangirai Standing Committee today welcomed two new vice-presidents, Nelson Chamisa and Elias Mudzuri who were appointed last week.
Movement for Democratic Change-Tsvangirai Shadow Minister of Finance Tapiwa Mashakada yesterday said Zimbabwe should adopt the South African Rand to get out of the current cash crisis that has gripped the country.
Zimbabwe’s war veterans, war collaborators and ex-detainees have been summoned to Harare to show solidarity with President Robert Mugabe who is currently under siege following last week’s statement in which the former freedom fighters called Mugabe a dictator who no longer listened to the people and had ditched war veterans for youths who are supporting his wife to take over from him.
Olivine Industries today said it will soon engage the United States’ Office of Foreign Assets Control (OFAC) to be removed from the sanctions list after its former parent firm, the Industrial Development Corporation of Zimbabwe (IDC) divested out of the manufacturing company.