Pick n Pay to increase Zim footprint to 65 stores

HARARE  –  South African-headquartered retailer Pick n Pay says it plans to open two more supermarkets in the country this year, and eventually grow its aggregate to around 65 supermarkets going forward.
Posted On 23 Feb 2017

Mash Holdings’ revenue dips 14pc

HARARE  –  Listed property developer Mashonaland Holdings Limited’s revenue for the four months to January 31, 2017 slid 14 percent to $1, 6 million from the prior comparable period on the back of increased voids and downward reviews on rent, management has said.
Posted On 23 Feb 2017

Govt sets maize producer price at $390 per ton

HARARE  -  Agriculture, Mechanisation and  Irrigation Development Minister Dr Joseph Made on Wednesday said the Grain Marketing Board (GMB) will be buying maize and other grains at  $390 per tonne during this 2017 selling season.
Posted On 23 Feb 2017

Zimplats bounces back to profitability

HARARE  –  The country’s largest platinum producer, Zimbabwe Platinum Holdings, bounced back to profitability in the half-year to December 31, 2016 after posting a profit-after-tax $16, 2 million compared to a loss of $0, 6 million in the same period last year.  
Posted On 23 Feb 2017

Beitbridge-Harare-Chirundu highway construction set to commence

HARARE–Dualisation and rehabilitation of the Beitbridge-Harare-Chirundu highway will commence in April this year, following the groundbreaking ceremony of the project which is expected early next month, a Cabinet Minister has said.
Posted On 22 Feb 2017

New fuel import fees take effect

Harare  –  The National Oil and  Infrastructure Company (Noic) says it has reduced fees to transport oil through the Feruka pipeline with effect from January 1 this year, as it  seeks to increase utilisation of the facility.  
Posted On 22 Feb 2017

$2, 5m for Giant Gold Mine, sulphide plant expansion

HARARE  –  Zimbabwe-focused diversified miner Vast Resources says it will spend $2, 5 million on the expansion of its sulphide plant as well as the development of the Giant Gold Mine.
Posted On 22 Feb 2017

BAT profit after tax slides 45pc

HARARE  –  Listed cigarette producer, BAT Zimbabwe’s profit-after-tax slid 45 percent to $8, 4 million in the year ended December 31, 2016 from $15, 4 million in the prior year.
Posted On 22 Feb 2017

Govt to set up Zimbabwe Export Council

HARARE – The Government is mulling the establishment of the Zimbabwe Export Council (ZIMEC) as a non-incorporated body to co-ordinate and spearhead the country’s national export drive
Posted On 21 Feb 2017

ASA sees global nickel prices stabilising

HARARE  –  Bindura Nickel Corporation parent firm, ASA Resources, foresees international nickel prices stabilising in the near future.
Posted On 21 Feb 2017