Afdis, Zimbabwe’s biggest maker and distributor of spirits, wines and ciders, says volumes grew 28% in the quarter to September, despite the impact of COVID-19. Among Afdis’ most recognisable brands are Viceroy and Klipdrift brandy, Smirnoff vodka, Sting spirit cooler,...
Customer numbers at Simbisa Brands, the country’s largest fast-food company, dropped 33.7% in the year to June, the latest evidence of the collapse of disposable incomes. The company, which operates brands such as Chicken Inn, opened 14 new outlets in...
Selling clothes on credit has long been the hallmark of Edgars stores, the country’s largest clothing retailer. But a turbulent first six months of the year threatens to upend the company's traditional model. Volumes at Edgars stores fell 55.7% in...
Edcon, the struggling South African retail group, is selling its stake in Edgars Zimbabwe to Mauritian investment management firm SSCG Africa Holdings. Saved from collapse last year after a R2.7bn facility with lenders, Edcon...
It's the dry season for Delta Corporation, in more ways that one; Zimbabwe consumers are spending less on beer and soft drinks, while the drought threatens the company's supply of critical cereals. Delta...
Zimbabwe's beer drinkers would have set new national lager records in 2018, had Finance Minister Mthuli Ncube not crashed the party with his austerity measures late in the year, latest figures from the country's biggest brewer show....
Feathers are flying once again in the rivalry between Chicken Inn and Chicken Slice. This time, Chicken Inn is crying fowl over what it sees as its rival’s trademark infringement. In a court...
OK Zimbabwe, the country’s largest supermarket group, believes the market turmoil precipitated by recent government policies is temporary. The chain is one of the biggest victims of the upheaval caused by the authorities’ October 1 decision to separate foreign currency...
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...
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