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Zim economy heads south

HARARE – Zimbabwe’s economy continues to weaken in the absence of strong government policies as evidenced by earnings results released this month…

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Turnall losses to widen

HARARE – Embattled construction firm Turnall Holdings (Turnall) is likely to report a full-year loss of $7 million after parent company FBC…

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Zim seeks infrastructure funds

HARARE – Zimbabwe is seeking financial assistance from the PTA Bank to help spearhead infrastructure development in the country. Finance minister Patrick…

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Zimre Holdings mulls delisting

HARARE – Insurance group Zimre Holdings Limited (ZHL) is considering delisting from the Zimbabwe Stock Exchange (ZSE), as the bourse remains depressed…

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Beitbridge hotel weighs RTG down

HARARE – Listed hotelier Rainbow Tourism Group (RTG) recorded a slump in earnings before interest tax and depreciation and amortisation (Ebitda) for…

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Radar revenue declines

HARARE – Industrial concern Radar Holdings (Radar)’s revenue for the year to June 2014 slumped by 12 percent to $8,2 million from…

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Zim seeks SA loans

HARARE – Zimbabwe is seeking concessionary loans from South African development finance institutions. Finance minister Patrick Chinamasa said South Africa would not…

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NewZim Steel to retrench

HARARE – Essar Africa Holdings (Essar) owned iron processor NewZim Steel – formerly Zisco Steel – plans to retrench once it resumes…

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