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Pick n Pay partner opens new store amid $50m suit

Pick n Pay partner opens new store amid $50m suit

13/07/2016 - 14:26
Harare – John Moxon, the chairperson of Zimbabwe-listed retail and hotel conglomerate Meikles Limited, said his company is proceeding with a US$50m suit against the country's stock exchange. This comes after engagements to settle the two parties' dispute over its earlier suspension from the Zimbabwe Stock Exchange (ZSE) because of alleged manipulation of financial statements proved futile. read more
SA, Nigeria lead Africa online retail - Zimbabwe

SA, Nigeria lead Africa online retail - Zimbabwe

05/02/2016 - 10:14
Harare - While mobile money has taken off significantly in Africa and continues to grow, a new trend - digital currency - is also gaining popularity. read more
Drought drains Zimbabwe’s farmers - Zimbabwe

Drought drains Zimbabwe’s farmers - Zimbabwe

02/02/2016 - 09:10
Harare - Zimbabwe’s agricultural sector has taken a huge knock with farmers involved in the country’s major crops of tobacco and cotton bracing for further turmoil as current drought conditions wilt profitability prospects. read more
Shift to sorghum hurts Delta’s sales - Zimbabwe

Shift to sorghum hurts Delta’s sales - Zimbabwe

19/01/2016 - 09:19
Harare - SABMiller's Zimbabwean affiliate, Delta Corporation, said on Monday its lager beer sales fell in the third quarter as an economic slowdown forced consumers to shift to cheaper sorghum beer. read more
Zim 'willing to compensate white farmers' - Zimbabwe

Zim 'willing to compensate white farmers' - Zimbabwe

07/11/2014 - 11:00
Harare - Zimbabwe is willing to compensate white farmers and clarify its indigenisation laws, said the country's Finance Minister Patrick Chinamasaread more
NatFoods plans $8m capex - Zimbabwe

NatFoods plans $8m capex - Zimbabwe

06/11/2014 - 10:55
Harare - National Foods Holdings Limited (NatFoods) plans an $8.3 million capital expenditure targeted at upgrading its flour and maize units in the eight months to June 2015. read more
Hunyani, Nampak deal awaits CTC approval - Zimbabwe

Hunyani, Nampak deal awaits CTC approval - Zimbabwe

04/11/2014 - 09:26
Harare - The Competition and Tariff Commission (CTC) says it will approve the Hunyani Holdings Limited (Hunyani) takeover by South Africa- based Nampak Holdings (Nampak) within the next two weeks. read more
Depressed economy hits Delta lager volumes - Zimbabwe

Depressed economy hits Delta lager volumes - Zimbabwe

15/10/2014 - 11:41
Harare - Listed brewer Delta Corporation (Delta)’s lager volumes declined by 25 percent in the half year to September 2014 due to depressed consumer spending coupled with increased excise duty. read more
Afdis to slash beverage prices - Zimbabwe

Afdis to slash beverage prices - Zimbabwe

13/10/2014 - 11:51
Harare - Zimbabwe Stock Exchange-listed wine maker, African Distillers (Afdis) says the price of ciders produced under license will be reduced by between 22 and 25 percent due to cost effective production from its $5 million new packaging plant. read more
Afdis profits to jump 15 percent - Zimbabwe

Afdis profits to jump 15 percent - Zimbabwe

30/09/2014 - 10:27
Harare - Spirit maker African Distillers Limited (Afdis) is expected to increase its profits in the half year to December by 15 percent to $2, 3 million from $2, 08 million recorded in the full year to June 2014, market experts say. read more
Edgars targets $4,7m profit - Zimbabwe

Edgars targets $4,7m profit - Zimbabwe

25/09/2014 - 09:09
Harare - Listed clothing retailer Edgars Stores Limited (Edgars) is targeting a 193 percent growth in profit to $4, 7 million in the 2014 financial year. read more
Zim retail results reflect consumer pain - Zimbabwe

Zim retail results reflect consumer pain - Zimbabwe

22/09/2014 - 13:45
Harare - The Zimbabwean economy has continued to weaken further, at least as measured by results that were released on Thursday by four Zimbabwe Stock Exchange-listed companies. read more
Liquor firms look north as African market grows - Zimbabwe

Liquor firms look north as African market grows - Zimbabwe

18/09/2014 - 12:12
Harare - The African alcohol market is beckoning for South African beverage firms after a new report predicted on Friday that the East African spirits and brandy market could grow by as much as 30 percent in the next 10 years. read more
National Foods profits up 20pc - Zimbabwe

National Foods profits up 20pc - Zimbabwe

15/09/2014 - 09:23
Harare - National Foods Holdings Limited (National Foods) profit surged by 20 percent in the year to June 2014 to $16, 7 million from $13, 9 million recorded prior year on the back of increased sales volumes. read more
Dairibord milk intake, sales decline- Zimbabwe

Dairibord milk intake, sales decline- Zimbabwe

08/09/2014 - 10:45
Harare - Dairibord Holdings says its milk intake and sales slumped in the half year to June 2014. read more
All set for October Beer Festival- Zimbabwe

All set for October Beer Festival- Zimbabwe

02/09/2014 - 12:50
Harare - Divine Assignments, who successfully staged a “Shutdown Gig” to celebrate the end of this year’s edition of the Harare Agricultural Show, will hold The October Beer Festival at The Guard Alert Training Grounds near the Rainbow Towers. read more
SA firm eyes Zim railways

SA firm eyes Zim railways

26/08/2014 - 11:11
Harare - Zimbabwe’s dilapidated rail infrastructure may soon have a facelift following indications by a South African firm, Grindrod Limited (Grindrod), that it was seeking commodity contracts outside its home market. read more
Pick n Pay ups Zim investments

Pick n Pay ups Zim investments

22/08/2014 - 16:11
Harare - Supermarket chain Pick n Pay [JSE:PIK] has released about US$40m split towards funding for an additional equity share and refurbishments of the Meikles groups’ retail arm, TM Supermarkets. read more
SA's Nampak to acquire Hunyani

SA's Nampak to acquire Hunyani

29/07/2014 - 14:37
Harare– South Africa-based Nampak Limited (Nampak), plans to acquire Zimbabwe Stock Exchange-listed packaging firm, Hunyani Holdings (Hunyani), and merge two other local units in a share swap deal. read more
Suffering Zim consumers fuel deflation scourge

Suffering Zim consumers fuel deflation scourge

20/06/2014 - 12:19
Harare - Prices for goods and services in Zimbabwe have been on a downward spiral as suppliers, both local and foreign, reduce prices in an effort to stimulate retail demand. read more
Red tape stalls OK regional expansion

Red tape stalls OK regional expansion

11/06/2014 - 11:31
Harare - Listed grocer, OK Zimbabwe (OK), says red tape is stalling its regional expansion plans. read more
Meikles to shut down Greatermans

Meikles to shut down Greatermans

21/05/2014 - 11:05
Harare - Diversified group Meikles Limited (Meikles) is shutting down its upmarket Greatermans store and is replacing it with Pick n Pay supermarket. read more
Dairibord plans $10m capex

Dairibord plans $10m capex

20/05/2014 - 09:34
Harare - Listed milk processor, Dairibord Holdings Limited (Dairibord), says it plans to commission five plants worth $10 million this year. read more
Tongaat discusses Zimbabwe stakes

Tongaat discusses Zimbabwe stakes

10/01/2013 - 07:38
Tongaat Hulett’s Zimbabwean units were in talks with the government in Harare about selling majority stakes to black investors, Wilson Gwatiringa, the head of Zimbabwe’s National Indigenisation and Empowerment Board, said yesterday.  read more
Tongaat boosts Zim local farmers

Tongaat boosts Zim local farmers

14/11/2012 - 08:20
Harare - Tongaat sugar projects have remained a boon for Zimbabwean local farmers, despite the threat of indigenisation by the empowerment ministry.  read more
Pick n Pay opens first supermarket in Zimbabwe

Pick n Pay opens first supermarket in Zimbabwe

22/06/2012 - 08:26
Retailer Pick n Pay opened its first supermarket in Kamfinsa, Zimbabwe, on Thursday.  read more