THE Confederation of Zimbabwe Industries (CZI), the country’s main business representative body, has come out in support of government’s 2% tax on electronic payments after initially opposing the unpopular revenue measure. The tax, announced by Finance Minister Mthuli Ncube on...
Latest results from Proplastics, one of Zimbabwe’s biggest manufacturers of the plastic pipes used in construction, reflects the sentiment across much of industry; a mixture of hope and frustration.   In its financial report for the...
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...
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...
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...
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...
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 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,...
Delta Corporation says it owes foreign suppliers US$41 million, as surging demand continues to exert pressure on its forex needs. Delta’s products, especially carbonated soft drinks, have been in short supply and the situation worsened at the beginning of October...
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.
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