Hippo in $8.5 million loss

Hippo Valley Estates, the local unit of South African sugar processor Tongaat Hullet, reported an annual loss of $8.5 million from an after tax profit of $7.3 million last year…

Air Zimbabwe fails to pay pilots

Zimbabwe’s struggling national airline Air Zimbabwe is experiencing an exodus of skilled personnel because of poor working conditions, an official has said. Chairperson of the Zimbabwe Flight Crew Association (ZFCA)…

Edgars laments poor trading

Clothing retain chain Edgars Stores has reported an operating loss of $2.2 million in the first quarter to March 2016, as weak sales widened losses from the $1.6 million loss…

CFI loss widens

Diversified agro-industrial concern CFI Holdings’ loss for the half-year to March 31 widened to $6.1 million from $3.8 million last year, as low capacity utilisation and inadequate working capital weighed…