News about Zimbabwe that you can use
Pan-African asset management group Imara Holdings has completed the sale of one of its Johannesburg subsidiary Imara S.P. Reid Proprietary Limited (ISPR) to MMI Strategic Investments for about $10.25 million, the company has said.
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Last year Sudanese telecoms billionaire Mo Ibrahim mocked nearly 50 African leaders who had travelled to the United States to discuss opportunities for US businesses in Africa.
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Africa needs to open up its airspace to improve connectivity which is seen as crucial to facilitating ease of movement for tourists across the continent which is desperate for income, South Africa’s tourism minister Derek Hanekom has said.
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The government has committed to grant more mining concessions to Hwange Colliery Limited (HCCL) and acceded to its proposed $88 million rights issue that will help the coal miner clean its balance sheet for its turnaround, mines minister Walter Chidhakwa said on Friday.
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Former Energy Minister Dzikamai Mavhaire and former Higher Education Minister Olivia Muchena were booted out of the Senate on Wednesday, according to Parliament’s official record, Hansard.
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The country’s second biggest medical aid society, Cimas has announced that it will introduce a raft of measures to reduce claims and abuse of benefits by some members while defending its 50 percent increase in subscriptions.
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Agro-industrial concern TSL Limited’s after tax profit for the half-year to April has narrowed to $1.7 million from $3.5 million in prior year due to declining revenue and rising finance costs, the company says.
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Lands Minister Douglas Mombeshora says communal farmers will not be charged any land rentals but new farmers who were allocated land as either A1 or A2 farmers will be charged land rental and unit tax because the land belongs to the state so they cannot continue to use it for free.
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Hospitality concern Rainbow Tourism Group (RTG) has recorded a 14 percent decline in revenue to $7.6 million in the quarter to March due to a fall in the number of conferences which traditionally drive revenue for the group.
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