Home / Business (page 582)

Business

Pick n Pay earnings from Zimbabwe associate up 75pct

HARARE, April 19 (The Source) – South Africa’s retail giant Pick n Pay says its Zimbabwe associate, TM Supermarkets (TM), delivered a strong 75 percent earnings growth in the full year to February 26 despite a tough macroeconomic environment marked by poor liquidity, rising unemployment and falling consumer confidence. The …

Read More »

Pacific eyes Mozambican company

tobaccoBusiness Reporter — TOBACCO processor Pacific Cigarette Company is looking at increasing its shareholding in a Mozambican tobacco company, chief executive Mr Nick Hales said. “We are in advanced stages of negotiations to expand our interests in Mozambique,” said Mr Hales, adding the company was looking at an investment of …

Read More »

Caledonia on course’

Business Reporter — Global investment research and advisory company, Edison said Caledonia Mining Corporation is doing everything expected of a gold miner with $36m spent in the past two years while an additional $18m will be spent this year towards ramping up production. Edison is an investment research and advisory …

Read More »

Allied Timbers seek partner for power project

Business Reporter — ALLIED Timbers Zimbabwe is seeking partners to establish a power generating plant that use timber waste material from its sawmills. The country’s biggest timber processor said in a statement that it wanted to utilise saw dusts from its saw mills to produce power. The company however did not …

Read More »

Global equities mixed as dollar gives up gains

Singapore. — Asian stocks were mixed yesterday and the dollar gave up its gains, as escalating tensions over North Korea outweighed support from US Treasury Secretary Steve Mnuchin in support of a stronger US currency. Financial spreadbetters predict a mixed start for European stocks, with Britain’s FTSE 100 set to …

Read More »

Principles, good practices key in financial education

Sanderson Abel — Financial literacy is important for consumers in helping them budget and manage their income, save and invest efficiently, and avoid becoming victims of fraud. As financial markets become increasingly sophisticated and as households assume more of the responsibility and risk for financial decisions, financial education is increasingly …

Read More »

Cambria upbeat about investment in Zim

Mr Samir Shasha Business Reporter — AIM-listed Cambria Africa has said Zimbabwe provides the best regional investment opportunities in the short to medium term, group chief executive officer Samir Shasha has said. This comes after the Zimbabwe focused investment firm, quoted on London’s Alternative Investment Market, posted a 15-fold upturn …

Read More »

Pacific eyes Mozambican company

Harare Bureau TOBACCO processor Pacific Cigarette Company is looking at increasing its shareholding in a Mozambican tobacco company, chief executive Mr Nick Hales said. “We are in advanced stages of negotiations to expand our interests in Mozambique,” said Mr Hales, adding the company was looking at an investment of up …

Read More »

Late cropping to affect yields in Mberengwa, Zvishavane

Lovemore Zigara, Midlands Correspondent MIDLANDS Minister of State for Provincial Affairs Jason Machaya says Zvishavane and Mberengwa Districts may not get the anticipated harvests as most farmers in the two districts did late planting. The situation has also been exacerbated by Cyclone Dineo which was accompanied by heavy rains that …

Read More »
error: Content is protected !!