PPC works to reposition business
PPC Limited, the South Africa headquartered cement maker with operations in Zimbabwe, has made headway in restructuring and financing its business, the company said in an update this week. The … Read More
Category: Manufacturing
Ferrochrome producer gets Belgian offer
Ferrochrome producer, Niachos Investments, owned by South Africa’s Portnex has received an offer from a Belgian customer willing to pay upfront for the commodity to enable it to restart production, … Read More
Zisco board targets subsidiaries
THE Ziscosteel board and management have come up with a short-term revival roadmap that targets the resuscitation of the defunct steel giant’s subsidiaries. Acting board chairperson, Engineer Martin Manuhwa, revealed … Read More
BAT’s tax contribution in massive 769pc jump
BAT Zimbabwe says its contribution to public finances — by way of taxes — jumped 769 percent from $19,9 million last year to $173 million in the six months period … Read More
Dairy sector coming out of the woods
THE dairy sector’s performance from 2015 to the present seems to have laid a strong foundation for the argument that it is finally on a growth trajectory that will see … Read More
EMA, police round up illegal brick moulders
Nine illegal brick moulders operating along Hopely-Chitungwiza Road were arrested in a joint operation by the Environmental Management Agency (EMA) and the police. The brick moulders were using an open … Read More
ZimCoke US$255m deal cancelled
THE deal between defunct steel giant Ziscosteel and ZimCoke, has been cancelled with immediate effect, acting Ziscosteel board chair, Engineer Martin Manuhwa, has said. ZimCoke was set to take over … Read More
Zisco demise costing Zim US$1,1bn on steel imports
INDUSTRY and Commerce Minister, Dr Sekai Nzenza, says the closure of steel giant, Ziscosteel, has forced the country to spend about US$1,1 billion every year importing steel and steel products. … Read More
Dairibord pursues merger/acquisition negotiations
LISTED food and milk processor, Dairibord Holdings Limited, says it is still pursuing merger and acquisition negotiations with an unlisted entity and has warned shareholders to exercise caution when dealing … Read More
Turnall’s profit suffers steep decline on pandemic
Turnall Holdings yesterday revealed it suffered an 82 percent dip in net profit to $28.1 million for the half-year ended June 2020 owing to the outbreak of the Covid-19 pandemic. … Read More
