Mashold revenue up 17% in 9 months
PROPERTY developer, Mashonaland Holdings Limited (Mashold), recorded a 17% rise in revenue to US$5,17 million for the nine-month period ended September 30, 2024, as its Milton Park Day Hospital Project … Read More
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Broke govt cuts spending amid tight fiscal space
TREASURY has directed ministries to prioritise spending for the rest of 2024 as it focuses on wages and social service expenditures while cutting travel-related costs amid a tight fiscal space … Read More
TSL still in talks to buy Nampak Zimbabwe for US$25m
South African packaging group Nampak Limited, the owners of NSAHL, first announced its intention to sell NZL in October for a consideration of US$25 million to TSL.AGRICULTURE concern, TSL Limited … Read More
‘New products, listings to spur VFEX activity’
NEW products and listings expected to onboard the Victoria Falls Stock Exchange (VFEX) this will improve trading activity and liquidity, which has been an area of concern, market watchers say. … Read More
Nampak Zimbabwe disposal negotiations are still ongoing
Nampak Zimbabwe says negotiations on the proposed disposal of 51,43 percent stake to TSL Limited are still ongoing, and the deal remains subject to the fulfilment of various suspensive conditions. … Read More
ZIMRA cracks down on tax evaders, imposes $142 million in penalties
The Zimbabwe Revenue Authority (ZIMRA) has imposed penalties totalling ZiG142 million on taxpayers for non-compliance with tax regulations during the first eight months of the year, according to latest government … Read More
Fresh setback to Tongaat, Vision debt-to-asset swap deal
SOUTH African agriculture and agri-processing firm, Tongaat Hulett Limited’s, debt-to-asset swap deal with the Vision Group has been challenged by a failed bidder over alleged irregularities, throwing into disarray the … Read More
UK firm’s Zim lithium project stalled by funding
PREMIER African Minerals says operations at its Zulu Lithium and Tantalum project in Insiza, Matabeleland South Province remain suspended as the company continues to navigate financial and operational challenges.The London-listed … Read More
Delta pays US$20m sugar tax in 9 months
DELTA Corporation Limited has paid US$20 million in sugar tax since February, which has made the beverages firm uncompetitive regionally, executives said this week. The sugar tax came into effect … Read More
Currency woes force Delta to shrink market presence
Delta Corporation Limited, has had to give up market share and shelf space due to pricing discrepancies resulting from distortions from foreign currency exchange rates. According to Delta management, formal … Read More
