Executives at Hippo Valley and Triangle estates overstated sugar sales in order to meet targets and reap bonuses, according to an audit by parent company Tongaat Hullet.
Tongaat on Friday said it had...
In 2008 and 2009, as Zimbabwe’s worst cholera outbreak was ravaging the country, leaving over 4,000 people dead, donors helped revive the collapsing public health system by paying medical professionals’ salaries.
A decade later,...
With the exit of South Africa’s Pepkor, Power Sales is remodeling the business to source product from local manufacturers.
Under Pepkor, all Power Sales stock was sourced 100% from South Africa. This is unlike...
Edgars says it is opening new stores despite falling consumer spending that resulted in a 23% drop in volumes in the months to September.
Unit sales at Edgars stores were down 25% compared to...
Zimbabwe’s mining industry has appealed to the government
for help, saying output is slumping as the state-owned power company fails to
honour electricity-supply contracts.
Zesa Holdings has broken its promise to “ring-fence”
supplies to miners, Zimbabwe’s Chamber...
It's a group of minerals used in everything from LCD TVs to batteries and defence technology, but rare earth elements (REE) have barely had a mention in any talks about Zimbabwe's mineral potential.
South African retailer Pepkor Holdings says it is selling its remaining Power Sales outlets in Zimbabwe after a R70 million loss in the year hurt group performance.
Devaluation of the local currency had...
Shareholders of Meikles Limited are to meet next month to
vote on the sale of Meikles Hotel to Dubai’s Albwardy Investment for US$20 million,
according to a circular released by Meikles Limited on Friday.
Albwardy’s...
Prospect Resources says a new survey shows that the ore
reserves at Arcadia lithium mine are 39% more than previously estimated, which
extends the life of the mine and makes the project more viable.
The...
John Teeling, the millionaire Irish businessman with interests in AIM-listed explorer Botswana Diamonds, says he sees "glimmers of hope" in Zimbabwe where he is in a joint venture with Vast Resources to mine Marange diamonds.
