News

Although Zimbabwe’s President Robert Mugabe is “a master at outlasting his foes”, the current economic crisis could spell his end because unhappiness is mounting in his Zimbabwe African National Union-Patriotic…

Resources group RioZim’s half year loss narrowed to $6.9 million from $7.4 million last year, on improved gold output. The company reported yesterday that gold output was up 61 percent…

Starafricacorporation it is actively looking for a strategic investor to inject working capital in the struggling company and will seek shareholder and creditor approvals to change the terms of its…

Returns on property investments have been hit by high default rates which are over 40 percent, reflecting a worsening liquidity crisis haunting Zimbabwe’s economy, an official has said. “Yields on…

The Zimbabwean government property in Cape Town which was auctioned for R3.76 million to cover legal costs that the government owed to a South African human rights organisation Afriforum was…

Struggling coal miner Hwange Colliery Company (HCC) widened its half year losses by more than 90 percent to $15.6 million as sales plummeted, the company reported yesterday. Coal and coke…

Delta Beverages has slashed prices for its lager beers by between five and 10 cents from today to offset softening demand, the company said  yesterday. “The price of the popular…

The local unit of global building materials manufacturer LafargeHolcim reported an after tax loss of $1.39 million for the half year to June from a loss of $1.32 million in…

Hatfield Member of Parliament and former cabinet minister Tapiwa Mashakada says the proposed One-Stop Shop Investment Centre, meant to ease investment into the country should come under the President’s office…

Logistics and passenger transport group Unifreight Africa today said its half-year to June operating loss worsened to $1.2 million compared to $476 000 last year as restructuring costs spiked. The…