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Rainbow Tourism Group slips to a $1.9 million loss
Hotelier Rainbow Tourism Group slipped into the red in the six months to June with a $1.9 million loss from a profit of $139 000 previously as arrivals remained depressed,…
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Mugabe says Labour Act to be amended to take in views of social partners
President Robert Mugabe says the Labour Act, which was bulldozed through Parliament despite objections from the Parliamentary Legal Committee, the opposition Movement for Democratic Change and employers, will be amended…
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Proplastics reports $263 000 profit in six months
Plastic products manufacturer Proplastics reported a 43 percent increase in after tax profit to $263 000 in the six months to June driven by an 11 percent growth in sales…
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African Sun in management deal with Legacy Hotels
Zimbabwe hospitality group African Sun has contracted Legacy Hotels of South Africa to manage five of its biggest hotels in the country and institute a $60 million facelift of its…
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Fidelity seeks shareholder nod for $18 million land purchase deal with CFI
Fidelity Life Assurance is seeking shareholder approval to acquire 81 percent of agro-industrial group, CFI Holdings’ Langford Estate in a land for debt swap deal and will assume CFI’s $18…
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COMESA crafts regional mineral policy to plug leakages
The Common Market for East and Southern Africa (Comesa) says it is crafting a mineral policy to regulate and standardise the mining sector in the region to reduce leakages and…
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Traditional healers tell Met Office don’t play God
The Zimbabwe National Traditional Healers Association (ZINATHA) has told the Meteorological Services Department not to play God by predicting poor rains for the coming season. According to The Chronicle, ZINATHA…
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Animal cruelty claims affect operations of crocodile firm Padenga
Crocodile breeder Padenga Holdings reported an operating loss of $2.5 million in the six months to June citing disruptions in its operations over animal cruelty claims. The company, which provides…
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First Mutual gross premium edges up to $60 million in six months
Insurance group First Mutual Holdings Gross Premium Written (GPW) grew by a marginal two percent to $60.2 million for the six months to June 2015 on the back of improved…
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Medtech narrows loss to $90 000
Pharmaceutical products distributor Medtech has reported that it had narrowed its losses to $90 000 in the half year to June from $233 000 last year, on improved performance of…