Archive | Business

Douglas-Hoto

First Mutual back in the black

First Mutual Ltd has recovered to post a net profit of US$9,3 million for the year to December 2016 from a loss position of US$131 000 in the prior year.

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Finance Minister Patrick Chinamasa

Economic decline hits Truworths hard

Clothing manufacturer and retailer Truworths expects an extremely difficult trading business environment owing to foreign currency shortages that have negatively impacted on its stocking levels and pricing.

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A total of 42,5 kg of tobacco valued at US$246,3 million has so far been exported  since the commencement of this year’s tobacco season

TSL pins expansion on industrial complex

TSL Ltd (TSL)’s hopes of expanding revenue streams are pinned on a multi-million dollar integrated commercial and industrial complex to be constructed on the company’s 100 hectare land parcel located […]

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Oldmutual_457766c

Old Mutual profit up

Old Mutual Zimbabwe Ltd after-tax profit increased by 590% in the full year to December, helped by strong performances in its banking and insurance businesses and a bull run on […]

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mangudya

Treasury Bills hit US$2bn mark

GOVERNMENT’S stock of Treasury Bills (TBs) has reached a whopping US$2,079 billion over the last two years amid concerns that this could crowd out private sector lending and force the […]

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ZB Financial Holdings key shareholder Nicholas Vingirai

Mash Holdings board shake-up looms

A board shake-up is looming at ZSE-listed property concern Mash Holdings Ltd after it emerged the group’s majority shareholder, Transnational Holdings Ltd, has sought representation on the board.

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