Late in 2017, 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 to that point been...
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...
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...
By Engineer Mike Clarke The fastest road contract ever undertaken in Zimbabwe was completed at the end of November 2001. The contract was worth US$19 million, was for the construction of a...
The Confederation of Zimbabwe Industries (CZI) has released its annual manufacturing sector report, which provides a useful picture of how industries are doing. The report is compiled from surveys of operations of CZI’s members,...
The Confederation of Zimbabwe Industries (CZI), which groups some of the country’s biggest companies, says industry was on the road to recovery, but recent government regulations on forex now threaten the progress its members have made.
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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