Business

Edgars H1 profit up 420pct

September 19, 2017 Staff Reporter 0

HARARE– Clothing retail chain Edgars stores reported a fivefold increase in after tax profit to $567,499 in the six months to July, from $109,119 last year driven by an increase in revenue and savings on […]

Business

Inflation flat at 0,14pct in August

September 18, 2017 Staff Reporter 0

HARARE,– Zimbabwe’s year-on-year inflation remained flat at 0.14 percent in August, according to data released by the statistics agency on Friday. Month-on-month, the inflation rate rose 0.23 percentage points to -0.13 from -0.36 percent in […]

Business

Colcom minorities cling to shares

September 14, 2017 Staff Reporter 0

COLCOM Holdings this week issued a further cautionary on a planned offer to minorities by major shareholder, Innscor Africa, four months after the first cautionary in May. The delay in making the offer has triggered […]

Business

Dangote Cement bids for PPC

September 14, 2017 Staff Reporter 0

HARARE – Regional cement maker Pretoria Portland Cement (PPC) on Thursday said it had received an offer from Nigeria’s Dangote Cement to acquire the company’s entire share capital. PPC is already considering a bid by […]

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