Tongaat seeks lifeline as liquidation battle heads to court
Tongaat Hulett Limited is seeking an extension of its critical post-commencement funding (PCF) facility from the Industrial Development Corporation (IDC),…
Category: Manufacturing
BATZ secures shareholder backing as profits surge
Tobacco manufacturer British American Tobacco Zimbabwe (BATZ) has secured financial support from its shareholder as profits surged, largely driven by…
Iran conflict sparks supply chain alarm at Proplastics
Plastic pipe manufacturer Proplastics Limited is working closely with its suppliers to explore mitigation strategies amid concerns that the ongoing…
Mutapa funding enables Sable Chemicals to resume production
ZIMBABWE’S sole producer of ammonium nitrate fertiliser, Sable Chemicals, is set to resume production in May following a capital injection…
Over 90% of PPC Zimbabwe sales in US$
CEMENT manufacturer PPC Zimbabwe now earns the bulk of its revenue in US dollars, with over 90% of sales dollar-denominated,…
‘Chinese firms take over Zim’s cement industry’
CHINESE firms now largely dominate Zimbabwe’s cement industry, with six operating locally compared to just two domestic producers, highlighting Beijing’s…
PPC Zimbabwe dividend surge drives SA group’s earnings growth
PPC’s Zimbabwe operations delivered a record dividend that underpinned its South African parent, PPC Limited’s, interim financial results, highlighting the…
Government takes steps to revive CSC
THE Government, through the Ministry of Finance, Economic Development and Investment Promotion, is seeking consulting firms to provide Transaction Advisory…
Local tobacco firm starts producing cigarettes under toll manufacturing
LOCAL tobacco company, Ethical Holdings, will start producing cigarettes under a tolling arrangement with a Chinese firm, in a development…
2 500 jobs in US$260m Varun deal . . . President poised to open firm’s new beer, snacks-making plants
VARUN Beverages Ltd has invested more than US$260 million in new beer and snacks manufacturing plants, set to be officially…