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RTG on retrenchment exercise

HARARE – Embattled hospitality concern Rainbow Tourism Group (RTG) is set to embark on an $800 000 retrenchment exercise aimed at reducing…

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Stanbic complies with RBZ demands

HARARE – Stanbic Bank has surpassed the new Reserve Bank of Zimbabwe’s (RBZ) phased recapitalisation requirements by recording capital of $35,7 million…

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Lafarge eyes $4,5m expansion

HARARE – Lafarge Cement Zimbabwe says it plans to invest an additional $4,5 million in plant expansion by year-end in order to…

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POSB deposits up

HARARE – People’s Own Saving Bank (POSB) has reported an 11 percent increase in total deposits to $57,6 million for the half-year,…

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Tobacco industry under threat

HARARE – Tobacco production in Zimbabwe might take a hit as a result of global smoke reduction strategies and the recent anti-tobacco…

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Power Sales retrenches

BULAWAYO – Bulawayo-based clothing giant At Ready Wholesalers, trading as Power Sales, says it’s facing viability challenges putting its more than 300…

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