WITHIN hours of Emmerson Mnangagwa being inaugurated, Harry Greaves, executive director of Prospect Resources, got a call from the Ministry of Mines. The Government wanted to know how Arcadia Mine, a lithium project that had up...
JSE-listed construction firm Raubex will be the primary contractor on the $241 million Beitbridge border upgrade, South Africa’s Business Day has reported. Early this year, the Zimbabwe government handed the border modernisation concession to Zimborders, a consortium of local and...
RECENT updates by listed construction companies point to an unlikely boom in Zimbabwean construction. This time last year, Turnall, a leading manufacturer of building materials and piping, was staring at bankruptcy. The company had posted a loss of $4.1 million...
SUGAR processor Star Africa Corporation’s successful debt restructure has helped the company attain a positive net asset value of $1 million in the 2018 financial year, from a net liability position of $41 million last year. A High Court-sanctioned reconstruction...
SUGAR exports from Zimbabwe to the United States and regional markets declined 62 percent in the year ended March 2018, due to decreased production and increased local demand, industry giant Tongaat Hulett has reported. South Africa’s Tongaat Hulett dominates Zimbabwe’s...
Capacity utilisation of Zimbabwe’s industries will fall to just 34.3% this year, reversing an improvement seen in 2018, according to a report just released by the Confederation of Zimbabwe Industries (CZI). In its 2018 Manufacturing...
The government has put its vehicle assembly plants Willowvale and Deven up for sale, but finding a buyer for the old assets will require all the skills of a crafty used-car salesman. The...
Mureza Auto Company, an African car brand, plans to expand production from its plant in the Rosslyn business park outside Pretoria, to the Willowvale Assembly Plant in Zimbabwe and later the former Hyundai Plant near Gaborone in...
The battle over a US$400 million deal to recapitalise the National Railways of Zimbabwe (NRZ) could be headed to the courts, further delaying plans to fix the country's collapsed rail network. After government...
TURNALL Holdings reported its biggest half-year profit since dollarisation in the first half of 2018, driven by strong volume growth and an unlikely upswing in construction activity in the country. The company reported $1.4 million net profit, from a $295,000...
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