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Medtech revenue drops 26 percent
MedTech Holdings has reported a 26 percent drop in revenue to $9.8 million in the full year to December 2016 from $13.2 million the prior year as demand continues to…
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Manheru has field day on Mujuru’s NPP fiasco
Herald columnist Nathaniel Manheru today had a field day on the fiasco in former Vice-President Joice Mujuru’s National People’s Party at which the party’s two spokesmen were at each other…
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Mukupe clashes with Chamisa after saying Econet is urinating on the foreheads of the citizenry
Harare East legislator Terence Mukupe had a nasty exchange with Movement for Democratic Change vice-president Nelson Chamisa when Mukupe said Econet was “basically urinating on the foreheads of the citizenry…
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Zimbabwe Revenue Authority orders tobacco body to withhold tax to suppliers without clearance certificates
Zimbabwe’s tax agency has directed the tobacco industry regulator to withhold 10 percent of the money payable to suppliers without valid tax clearance certificates. In a letter directed to Tobacco…
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Lafarge Zimbabwe in $3.1 million profit
Lafarge Cement’s Zimbabwe unit reported a 59 percent increase in profit from $1.9 million to $3.1 million for the full year to December 2016. Profit was driven by an increase…
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Zimbabwe Stock Exchange turnover hits 2-year high in March
The Zimbabwe Stock Exchange’s total market turnover increased by 146 percent in March to $26.9 million from $10.97 million recorded in the previous month, its highest for two years pushed…
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Zimbabwe MP says you cannot compete when you pay an employee $250 a month and China pays $36
Bulawayo South Member of Parliament Eddie Cross has blasted the proposed National Competitiveness Commission Bill saying Parliament should not approve it as it is a waste of money because its…
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Masimba Holdings back in the black
Civil engineering group Masimba Holdings has reported a $700 000 after tax profit for the full year to December from a loss position of $1.2 million previously on the back…
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Zimbabwe Minister may be charged with contempt of parliament for prevarication
Zimbabwe’s Speaker of Parliament Jacob Mudenda has ordered the Minister of Women’s Affairs, Nyasha Chikwinya, to give a comprehensive statement on the appointment of board and staff for the proposed…
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Zimre Holdings to make a mandatory offer to CFI minorities
Zimre Holdings is set to make a mandatory offer to compulsorily buy out minority shareholders in CFI after it raised its shareholding in the company to 41.03 percent, said company…