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  • Hwange Colliery mines better quarter amid economic turbulence

Hwange Colliery mines better quarter amid economic turbulence

By ETimes HARARE – Hwange Colliery, under administration in terms of Zimbabwean law, has reported a promising quarter ending September 30, 2023, despite ongoing economic challenges. The company, whose stock…

Proplastics receives qualified audit opinion for FY2023

By ETimes HARARE – Proplastics appears to be in a relatively healthy financial position, with growth in revenue, profitability, and equity, as well as a conservative approach to debt and…

NatFoods keeps keen eye on capex commitments, interest-bearing borrowings

By ETimes HARARE – By adjusting its functional currency, managing legacy liabilities, and restating financial reports, NatFoods has demonstrated adaptability to the changing currency environment in Zimbabwe to maintain transparency…

NatFoods initiates substantial import program for raw maize

HARARE – National Foods Holdings has initiated an importation program for maize to cover the expected deficit owing to the EL Nino-induced drought. The company requires 200 000 tonnes of maize…

TSL: Navigating Currency Shifts and Agricultural Challenges

By ETimes HARARE – In the realm of Zimbabwe’s dynamic business landscape, TSL Group emerged as a key player in the first quarter ended 31 January 2024, showcasing adaptability in…

Simbisa Brands: Steady Growth, Strong Margins

By Stephen Chandisareva HARARE – The major currency devaluation in key markets, particularly the Zimbabwean Dollar and Kenyan Shilling, had a significant impact on Simbisa Brands Limited’s USD income contribution.…

Tinga Mira expects uptick in sales volumes

By Stephen Chandisareva HARARE – Tinga Mira sales volumes are poised to rise after its parent company, Tanganda Tea, resolved issues relating to the supply of packaging materials and the…

ART posts 9% drop in battery volumes on exchange rate movements

By Stephen Chandisareva HARARE – Amalgamated Regional Trading (ART) says its battery volumes for the first four months of the year declined 9% owing to exchange rate movements. This comes…

Caledonia warns higher operational costs will eat into profit

…as full year PBT will be below market expectations By Stephen Chandisareva GOLD miner Caledonia Mining Corporation said on Monday it expects to report an adjusted profit before tax for…

Nampak pays $1.27bn to Deloitte, appoints PWC as new external auditor

By ETimes HARARE – Nampak Zimbabwe on Wednesday appointed Price-Waterhouse Coopers (PWC) as the new external auditor until the conclusion of the next annual general meeting after Deloitte & Touche…