Stories

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…

Mwana Africa’s board of directors have approved a proposal to change the company’s name to Asa Resource Group Plc at the annual general meeting in London as it moves to…

The Zimbabwe government yesterday said that more than 60 percent of the country’s 13 million people have no access to electricity as the country struggles to meet demand, accelerating deforestation…

Resources group Mwana Africa today said it had raised $4.43 million (GBP2.92 million) from an open offer of new ordinary shares for developing its Klipspringer diamond mine in South Africa…