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TA writes off PG investment

HARARE – Diversified investment group TA Holdings (TA) says it has written off its interest in listed building materials manufacturer PG Industries…

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Kasukuwere yet to meet Barclays

HARARE – Empowerment minister Savior Kasukuwere says he is yet to meet Barclays Africa chief executive Kennedy Bungane over indigenisation of the…

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PG records loss, again

HARARE – Listed building materials manufacturer PG Industries Zimbabwe Limited (PG) has registered a third consecutive loss since dollarisation in 2009, triggering…

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Medtech disposes unit for $1

HARARE – Zimbabwe Stock Exchange-listed health care products manufacturer Medtech Holdings Limited (Medtech) is disposing its subsidiary Zimbabwe Pharmaceuticals (Zimpharm) for $1…

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Power outages to cripple industry

HARARE – The looming intensified power cuts in winter will knock Zimbabwe’s ailing industry, particularly manufacturing sector, to its knees, Confederation of…

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Allied Bank courts investors

HARARE – Newly-rebranded Allied Bank is courting potential investors to enable it to meet the central bank’s minimum capital requirements. Farai Mutamangira,…

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Padenga remains in the red

HARARE – Crocodile skin producer Padenga Holdings Limited (Padenga) remains in the red, posting a $1,2 million loss after tax in the…

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