Zimbabwe back to load shedding

The Zimbabwe Power Company (ZPC) sent out a total of 2029.88GWh of electricity against a target of 2124.59GWh in the third quarter of 2017, missing the production target for the…

Mimosa output up, Zimplats flat

Zimbabwe’s largest platinum mine, Zimplats recorded a 0.8 percent decline in output while the second largest Mimosa in Zvishavane recorded a 3.9 percent increase in the first quarter ended 30…

Colcom minorities approve Innscor buyout

Colcom shareholders have accepted Innscor’s offer to acquire minorities shares in Zimbabwe’s largest meat processor in exchange for Innscor shares. Colcom company secretary, Andrew Lorimer said 97.8 percent of the…

Zimbabwe stock market rebounds

The Zimbabwe Stock Exchange Industrial Index opened the week higher after adding 0.21 percent to close at 515.36 points today. The mining index lost 3.62 percent to close at 132.28…

Larfarge to make bid to take over PPC

Regional cement maker Pretoria Portland Cement (PPC) says it has received an offer from a global building materials and solutions company, LarfargeHolcim, challenging an earlier offer from Fairfax. PPC, which…