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Zimbabwe's farmers smell the tea and coffee

Zimbabwe's farmers smell the tea and coffee

14/06/2019 - 09:50
Farmers in Zimbabwe’s Eastern Highlands are smelling the tea and coffee.  read more
Pick n Pay approves further expansion in Zimbabwe despite market turbulence

Pick n Pay approves further expansion in Zimbabwe despite market turbulence

12/04/2019 - 08:58
Pick n Pay, under its joint venture deal in Zimbabwe, has approved an expansion programme in the troubled country despite waning consumer spending power and disturbances to operations in the past few months.  read more
SA, Zim discussing state-guaranteed bank loan

SA, Zim discussing state-guaranteed bank loan

13/03/2019 - 11:49
South Africa is considering more loans to Zimbabwe, including state-guaranteed funding from banks to support its northern neighbour’s cash-strapped private sector. read more
What Zimbabwe’s problems mean for South Africa’s economy

What Zimbabwe’s problems mean for South Africa’s economy

23/01/2019 - 11:35
Concerns were raised on Monday (21 January) after South African finance minister, Tito Mboweni, indicated that he was in talks to help bail out Zimbabwe.  read more
Pick n Pay rides Zimbabwe retail and economic woes

Pick n Pay rides Zimbabwe retail and economic woes

28/09/2018 - 15:31
Despite rising inflation in Zimbabwe and liquidity challenges that are posing serious challenges to stock procurement, Pick n Pay stores in Zimbabwe have raised revenue from $414 million in 2017 to $487 million this year. read more
Tills chime for Pick n Pay’s Zim stores as retail, hoteling income grow

Tills chime for Pick n Pay’s Zim stores as retail, hoteling income grow

16/07/2018 - 10:47
Pick n Pay is raking in the profits from Zimbabwe and its partner in the struggling country is now looking to open more stores buoyed by stronger performance from its other operations across city and resort hotels as well as agro-processing. read more
Zim currency woes to hit Edgars product range

Zim currency woes to hit Edgars product range

26/09/2017 - 10:51
According to Edcon’s Zimbabwe-based clothing retailer Edgars Stores Limited, prevailing foreign currency shortages in the country will impact its product range. read more
Retailers square off in Zimbabwe

Retailers square off in Zimbabwe

27/03/2017 - 08:41
Zimbabwe’s economy may be down and out, but new investment by Pick n Pay, OK Zimbabwe and Botswana-based Choppies points to a fierce battle for retail market share read more
Truworths Zim posts 40.8% half-year sales drop

Truworths Zim posts 40.8% half-year sales drop

10/03/2017 - 16:33
Harare - With the Zimbabwean government now predicting a 3.7% GDP growth rate in 2017, the story is completely different at one of the country’s leading clothing retailers, Truworths. read more
Pick n Pay's Zim partner mulls delisting

Pick n Pay's Zim partner mulls delisting

08/03/2017 - 13:34
Harare – Zimbabwean conglomerate Meikles Limited is mulling delisting from the Zimbabwe Stock Exchange (ZSE) and is planning an offer to minority shareholders, it said in a cautionary last Wednesday. read more
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
 Zim to import 250 000 tons of maize from Mexico

Zim to import 250 000 tons of maize from Mexico

24/06/2016 - 08:32
Harare - Drought-hit Zimbabwean will import more than 250 000 tons of maize from Mexico to fill the shortfall caused by the severe drought sweeping through the southern Africa, the agriculture minister said on Thursday. read more
OK Zim profit tumbles as demand wanes - Zimbabwe

OK Zim profit tumbles as demand wanes - Zimbabwe

08/06/2016 - 11:45
Harare - OK Zimbabwe, the biggest retail rival to Pick n Pay in Zimbabwe, saw after-tax profits drop 91.1% from $7.5m to $0.7m for the year to end-March 2016, despite having adequate stock in its stores across Zimbabwe. read more
Edcon writes off $2.2m in Zim as Jet jumps to rescue - Zimbabwe

Edcon writes off $2.2m in Zim as Jet jumps to rescue - Zimbabwe

18/03/2016 - 10:26
Harare - Edgars, Edcon's unit in Zimbabwe, which also runs Jet stores in the country, said credit sales are improving on the back of declining defaults, despite having to write off US$2.2m for its full year to end-December. read more
Truworths sales up but clothing retailers suffer - Zimbabwe

Truworths sales up but clothing retailers suffer - Zimbabwe

10/03/2016 - 11:28
Harare - Job losses and delayed pay dates in Zimbabwe are worsening trading conditions for credit-based clothing and apparel retailers, with the Zimbabwean unit of Truworths [JSE:TRU] saying on Wednesday (9 March) that consumer incomes have come under threat. read more
Distell: Zimbabwe unit’s turnover drops - Zimbabwe

Distell: Zimbabwe unit’s turnover drops - Zimbabwe

15/02/2016 - 09:48
Harare - Distell’s unit in Zimbabwe declared an interim dividend of 0.15 US cents (2.36 SA cents) yesterday, despite an 8 percent decline in turnover that was partly offset by a 2 percent rise in wine and cider beer volumes as Zimbabweans switch to cheaper alternatives. 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
Rain was late, now food crisis looms

Rain was late, now food crisis looms

15/01/2016 - 11:13
Johannesburg - A crisis is looming in southern Africa as fallout from a searing drought complicates efforts to ensure that millions of people do not run out of food. read more
'Further land grabs could dampen investor sentiment' - Zimbabwe

'Further land grabs could dampen investor sentiment' - Zimbabwe

18/08/2015 - 10:45
Harare – Last week, government announced it was going to repossess land owned by wine and spirit maker African Distillers (Afdis) and 22 other white-owned farms, a move analysts have condemned as ill-informed and likely to affect investment. read more
Distell, Nampak prop up Zimbabwean units - Zimbabwe

Distell, Nampak prop up Zimbabwean units - Zimbabwe

17/02/2015 - 13:19
Nampak and Distell are shoring up their units in Zimbabwe, buoyed by growing demand from a local market that has been hit by a productivity slump and operational constraints.  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
Tiger Brands unit invests $8.3m capex in Zim - Zimbabwe

Tiger Brands unit invests $8.3m capex in Zim - Zimbabwe

05/11/2014 - 09:33
Harare – Zimbabwe's National Foods, which is 37% controlled by Tiger Brands [JSE:TBS], is to sink US$8.3m in capital expenditure for 2015 largely to expand its flour milling unit, whose contribution to a 6% jump in first-quarter revenues has made it a significant cash generator for the company. read more
Pick n Pay's Zim partner gets $89m from govt - Zimbabwe

Pick n Pay's Zim partner gets $89m from govt - Zimbabwe

15/10/2014 - 11:51
Harare - Meikles Africa Limited, Pick n Pay's Zimbabwean partner in the country's TM Supermarkets, said it is now in a better financial position to fund expansion of its retail, mining, and hospitality arms. read more
SABMiller's Zim sales hit by weak economy

SABMiller's Zim sales hit by weak economy

14/10/2014 - 09:56
Harare - SABMiller's Zimbabwean affiliate Delta Corporation reported a 25 percent drop in lager sales for the six months to September on Monday, as slower economic growth in the southern African country hit demand for beer.  read more
Meikles to inject $4m into retail division - Zimbabwe

Meikles to inject $4m into retail division - Zimbabwe

09/10/2014 - 12:17
Listed Meikles Limited (Meikles) plans to inject $4 million into its retail division following repayment of its debt by the Reserve Bank of Zimbabwe recently.  read more
Zim retailers forced to spurn SA stock - Zimbabwe

Zim retailers forced to spurn SA stock - Zimbabwe

02/10/2014 - 09:59
Harare - Zimbabwean retailers, including the local arm of Pick n Pay, are no longer stocking edible oils and poultry products produced in South Africa despite insisting on Tuesday that "not enough" supply lines are coming through from local producers. read more
Rivalry fierce, says Edgars Zimbabwe

Rivalry fierce, says Edgars Zimbabwe

18/09/2014 - 13:47
Edgars Zimbabwe’s interim profit had declined by 9.7 percent; hit by the country’s increasingly informal economy, the clothing firm said yesterday.  read more
Unilever charges Nigeria on Post-2015 Development Agenda

Unilever charges Nigeria on Post-2015 Development Agenda

18/09/2014 - 13:33
Unilever, an Anglo-Dutch multinational company with 50 percent of its global business in Nigeria, has called on the government to integrate Post-2015 Development framework on the country’s development agenda in order to facilitate poverty reduction, boost job creation, and sustainable environment. read more
China to help Zim build economic zones- Zimbabwe

China to help Zim build economic zones- Zimbabwe

05/09/2014 - 08:55
Harare - China will help Zimbabwe build special economic zones and industrial parks to jump-start exports and a struggling economy, its ambassador to Harare said on Thursday as a Chinese firm started expanding the country's largest hydro-power plant. read more
Pick n Pay chain opens R48m store in Harare

Pick n Pay chain opens R48m store in Harare

25/08/2014 - 10:46
Pick n Pay’s jointly owned TM Supermarkets in Zimbabwe has opened a new megastore a few kilometres east of Harare’s central business district after spending $4.5 million (R48m).  read more
Nampak: Plan to invest $10m in Zimbabwe unit

Nampak: Plan to invest $10m in Zimbabwe unit

22/08/2014 - 16:06
Nampak would invest $10 million (R107m) in the next 12 months to expand its Zimbabwean business after consolidating the operations under one company, the local chief executive of the packaging firm said yesterday.  read more
Katsande exits Nestle- Zimbabwe

Katsande exits Nestle- Zimbabwe

20/08/2014 - 10:35
Harare - Nestle Zimbabwe Limited (Nestle) managing director, Kumbirai Katsande, is set to step down from the helm of the Swiss multinational local unit at the end of September after a four-year stint. read more
Traders urged to utilise Beira Corridor

Traders urged to utilise Beira Corridor

14/08/2014 - 10:33
Harare - Zimbabwean exporting and importing companies have been urged to utilise the Beira Corridor, a move that can reduce their transport costs by at least 30 percent. read more
Trade slows on Zimbabwe’s stock market

Trade slows on Zimbabwe’s stock market

12/08/2014 - 12:17
Market watchers and analysts expect the Zimbabwe Stock Exchange (ZSE) to slow further in the next few months as the country’s economy continues to encounter problems.  read more
Govt wary of cotton price fixing

Govt wary of cotton price fixing

31/07/2014 - 15:08
Harare - Government is wary of setting a cotton producer price due to a lack of funds, Agriculture minister, Joseph Made, said. read more
Power crisis hits dairy industry

Power crisis hits dairy industry

15/07/2014 - 10:19
Harare - Zimbabwe’s dairy industry is losing nearly $100 000 in potential revenue annually, due to excessive power outages currently rocking the country, a recent study has revealed. read more
Companies encouraged to take advantage of Angola's huge import bill

Companies encouraged to take advantage of Angola's huge import bill

08/07/2014 - 09:26
Harare - ZimTrade, the country’s trade and export promotion body, has urged local companies to take advantage of Angola’s $20 billion import bill and venture into the southern African country’s export market with vast business opportunities exist. read more
Ban car imports – Quest

Ban car imports – Quest

07/07/2014 - 14:15
Harare - Quest Motors Manufacturing (Quest) says Zimbabwe must ban car imports. read more
CFI losses widen

CFI losses widen

01/07/2014 - 08:52
Harare - Listed agro-focused concern CFI Holdings Limited (CFI)’s losses widened to $5,5 million in the half year to March 2014 from $1,76 million incurred in prior comparable year. read more
High import duty fuelling smuggling

High import duty fuelling smuggling

27/06/2014 - 15:00
Harare - Zimbabwe Revenue Authority (Zimra) is proposing to lower import duty on finished clothes to reduce smuggling and increase tax collection. read more
Impala’s Zim unit to build new mine

Impala’s Zim unit to build new mine

04/06/2014 - 13:05
Johannesburg - Zimplats Holdings, a unit of the second-largest platinum producer, will begin developing a mine in Zimbabwe next month to replace output from depleting shafts. read more
Harsh economy affects Delta: SABMiller

Harsh economy affects Delta: SABMiller

28/05/2014 - 14:54
Harare - Global brewer SABMiller says the current economic crisis in Zimbabwe has affected the bottom-line of its subsidiary Delta Corporation. read more
Tongaat Hulett’s profits rise

Tongaat Hulett’s profits rise

27/05/2014 - 10:01
Johannesburg - South African sugar producer, Tongaat Hulett, reported a 6 percent increase in full-year earnings yesterday, after softer global sugar prices and weak domestic demand weighed.  read more
Zim's Zambia exports up 18pc

Zim's Zambia exports up 18pc

26/05/2014 - 10:11
Zimbabwe’s exports to Zambia increased by 18,8 percent to $115,7 million in 2013 from $97,3 million prior year. read more
Nyanga rich gold deposits discovery

Nyanga rich gold deposits discovery

20/05/2014 - 09:16
New rich gold deposits were recently discovered by artisanal miners in Nyanga. Mines commissioner for Manicaland Province, Mr Agripa Chimusasa, said in an interview last week that the discovery of new deposits would play a significant role in the growth of the country’s annual gold production. read more
Barclays to up credit lines

Barclays to up credit lines

19/05/2014 - 10:50
Harare - Barclays Bank Zimbabwe (BBZ) says it might increase its loan book to $80 million depending on the prevailing market conditions. read more
Dendairy to export

Dendairy to export

05/05/2014 - 12:08
KWEKWE based dairy concern, Dendairy is planning to start exporting into the region after it received necessary regulatory approvals. The dairy company obtained export license from the Ministry of Industry and Commerce in October last year. read more
Zim urged to enforce investor protection

Zim urged to enforce investor protection

24/04/2014 - 15:31
HARARE - Government must implement policies that enforce investor protection if it is to attract meaningful foreign direct investment, the Zimbabwe Investment Authority (Zia) said. read more
Belgium passes China as major Zim tobacco buyer

Belgium passes China as major Zim tobacco buyer

24/04/2014 - 15:21
HARARE - Belgium has overtaken China as the major buyer of Zimbabwe’s tobacco. read more
Choppies supermarket forecasts good returns from deflated Zimbabwe

Choppies supermarket forecasts good returns from deflated Zimbabwe

23/04/2014 - 11:54
Choppies Enterprises Limited has stated that although Zimbabwe is undergoing deflation, the company’s business prospects in the country will not be affected read more
SABMiller's Zim unit hit by slower spend

SABMiller's Zim unit hit by slower spend

14/04/2014 - 07:35
Harare - Delta Corporation, the Zimbabwe-based unit of SABMiller [JSE:SAB], will report an 18% decline in full-year 2014 lager beer volumes, the company has said.  read more
Bottler sugar duty suspended, Zim

Bottler sugar duty suspended, Zim

10/04/2014 - 10:52
HARARE - Government has suspended duty on bottler grade sugar for six months, according to the latest Government Gazette. read more
Zim government considers BBM licensing

Zim government considers BBM licensing

10/04/2014 - 10:43
HARARE - Zimbabwe is considering licensing BlackBerry Messenger (BBM) service, which at the moment is barred by State regulation, an Information ministry official said.  read more
Zambian government ponders maize export

Zambian government ponders maize export

09/04/2014 - 09:06
Government is seriously considering a proposal by commercial farmers who want to export a total of 180 000 tonnes of maize to some neighbouring countries. read more
Botswana-Zimbabwe trade shrinks

Botswana-Zimbabwe trade shrinks

08/04/2014 - 09:24
Contrary to the expectations of the Bilateral Investment Promotion and Protection (BIPPA), an agreement that was set to unlock investment and trade windows between Zimbabwe and Botswana, data released by Statistics Botswana indicates that trade between the two countries continue to decrease. read more
Jet in depressed performance, Zimbabwe

Jet in depressed performance, Zimbabwe

08/04/2014 - 09:03
HARARE - Edgars Stores Limited (Edgars)’ South African-themed Jet stores performed below expectation as the unit’s profit slumped 40 percent to $522 527 in the 52 weeks to January 4, 2014 from $869 224 recorded in prior comparable period. read more
Exporting companies buckle under pressure, Zimbabwe

Exporting companies buckle under pressure, Zimbabwe

08/04/2014 - 08:38
HARARE - More than half of Zimbabwe’s exporting companies are facing stiff competition from Chinese and South African firms. read more
Dairibord in plant closure, Zimbabwe

Dairibord in plant closure, Zimbabwe

03/04/2014 - 15:03
HARARE - Listed Dairibord Holdings Limited (Dairibord) plans to shut down its Gweru plant as part of strategies to contain costs and rationalise operations. read more
Millers, bakers at loggerheads, Zimbabwe

Millers, bakers at loggerheads, Zimbabwe

03/04/2014 - 14:46
HARARE - Millers and bakers are at loggerheads following the expiry of a memorandum of understanding (MoU) signed by both parties, compelling the latter to acquire 75 percent of their flour locally. read more
Ingenuity buoys Delta, Zim’s largest brewer

Ingenuity buoys Delta, Zim’s largest brewer

21/02/2014 - 10:13
Harare - Mobile telecommunications group Econet Wireless Zimbabwe (Econet) and beverages maker Delta Corporation (Delta) capped 2013 with a fine performance buoyed by innovations at a time most companies in the country are struggling to stay afloat. read more
Bulawayo mall hangs in the balance

Bulawayo mall hangs in the balance

04/02/2014 - 08:57
BULAWAYO - The much-vaunted Bulawayo City Council project where popular Basch Street Terminus is supposed to be upgraded into a regional public transport hub hangs in the balance as the South African contractor, who won the tender, is yet to sign the contract. read more
Cobra products in shortage in Zimbabwe after firm closes

Cobra products in shortage in Zimbabwe after firm closes

23/01/2014 - 10:11
HARARE - Products of global consumer hygiene and health manufacture, Reckitt Benckiser (RB), such as ‘Cobra’, are in short supply in most retail chains following the closure of its local factory. read more
SA maize imports under threat to Zimbabwe

SA maize imports under threat to Zimbabwe

23/01/2014 - 09:49
HARARE - The much-hyped maize import deal between South Africa and Zimbabwe might be threatened by estimates that the neighbouring country’s harvest could be insufficient to meet its national demands. read more
Imports standards Act on cards, Zimbabwe

Imports standards Act on cards, Zimbabwe

14/01/2014 - 09:47
HARARE - Government plans to establish a regulatory body and laws to control the standards of imports, Industry minister Mike Bimha says.  read more
Zimbabwean agro-industrial company, Arniston Holdings Limited, posts profit

Zimbabwean agro-industrial company, Arniston Holdings Limited, posts profit

14/01/2014 - 08:27
HARARE - Agro-industrial company Ariston Holdings Limited (Ariston) posted a $2,4 million after tax profit in the year to September 2013 spurred largely by rehabilitation of its farming assets.  read more
First China mall opens in Harare, Zimbabwe

First China mall opens in Harare, Zimbabwe

08/01/2014 - 08:38
The shopping mall, built near the National Sports Stadium, opened for business a few days before Christmas 2013. It is part of a 300-roomed five-star hotel project worth over $200 million and includes retail outlets, an amusement park, parking and staff houses. read more
Upmarket Meikles retail divisions targets Zimbabwe's poor

Upmarket Meikles retail divisions targets Zimbabwe's poor

07/01/2014 - 10:05
HARARE - Meikles Limited (Meikles) intends to make forays into the lower end of the market as part of strategies to boost revenue and unlock shareholder value. read more
Pelhams forecasts half-year loss, Zimbabwe

Pelhams forecasts half-year loss, Zimbabwe

27/09/2013 - 13:22
Zimbabwe Stock Exchange-listed household and appliance retailer, Pelhams Limited, is forecasting a loss in the first half to September due to subdued consumer spending on the back of an underperforming economy, a company official has said. read more
Edgars Stores Limited after-tax profit up 17 percent, Zimbabwe

Edgars Stores Limited after-tax profit up 17 percent, Zimbabwe

27/09/2013 - 13:00
Edgars Stores Limited after-tax profit for the 26 weeks ended July 6 was up 17% to $1,1 million, buoyed by growth in revenue.  read more
Sugar prices under pressure, Tongaat Hulett

Sugar prices under pressure, Tongaat Hulett

05/08/2013 - 09:35
VENTURES AFRICA – Sugar prices continue to slide in Tongaat Hulett’s (Tongaat) regional markets, CEO Peter Staude, admitted on Wednesday, adding the global prices have been their lowest in several years. read more
Drinks business Delta awaits nod on BEE plan

Drinks business Delta awaits nod on BEE plan

16/07/2013 - 10:12
Zimbabwe Stock Exchange-listed industrial concern Delta Corporation Limited, an associate of SAB Miller of South Africa, says it is still waiting for a response from government on an indigenisation plan submitted three years ago, the group chief executive has said. read more
CFI Holdings, Victoria Foods sets sights on long-term capital, Zimbabwe

CFI Holdings, Victoria Foods sets sights on long-term capital, Zimbabwe

12/07/2013 - 10:08
The injection of long-term capital into Victoria Foods and the debt restructuring initiative is projected to induce positive performance for diversified CFI Holdings Limited. read more
Zimbabwe: New procurement law on cards

Zimbabwe: New procurement law on cards

30/05/2013 - 10:47
Speaking at the Buy Zimbabwe procurement conference in Harare yesterday, Kasukuwere said companies should comply with the stipulated procurement regulations, in which local firms should be granted at least 50% contracts on procurement deals. read more
Zimbabwe, China talks business

Zimbabwe, China talks business

22/05/2013 - 09:35
Harare - Chinese Vice Premier Wang Yang arrived in Zimbabwe on Tuesday on a business visit praising Beijing's ties with the southern African country. read more
SABmiller Zim subsidiary beats forecast

SABmiller Zim subsidiary beats forecast

16/05/2013 - 09:40
Harare - Delta Beverages, the Zimbabwe-based subsidiary of SABMiller [JSE:SAB], continued to defy the odds in the economically ravaged country with forecast-beating earnings for the year ended December 31 2012. read more
Zimbabwe: Lifestyle Holdings introduce TN Virtual Mart

Zimbabwe: Lifestyle Holdings introduce TN Virtual Mart

14/05/2013 - 08:46
Diversified company Lifestyle Holdings has introduced a TN Virtual Mart — where it will deliver groceries to its clientele’s doorstep, as competition in the country’s retail sector intensifies. read more
Zimbabwe: Big brands knock out small retailers

Zimbabwe: Big brands knock out small retailers

06/05/2013 - 10:36
Experts contend that the introduction of the multiple-currency system in 2009 has seen low income retail shops which thrived during the years of economic meltdown scale down their operations due to heightened competition. read more
SA investors eye R13bn Zim deals

SA investors eye R13bn Zim deals

30/04/2013 - 08:25
Harare - South African investors are considering investing at least $1.6bn (R13.37bn) in capital projects in various sectors of the Zimbabwean economy, a Zimbabwean government minister said on Monday. read more
TM Supermarkets refurbishes stores in Zimbabwe

TM Supermarkets refurbishes stores in Zimbabwe

10/04/2013 - 08:43
Zimbabwe's TM Supermarkets, in which Pick n Pay is a partner, has invested a further $25m into the retail chain, with the money aimed at transforming its retail outlets through refurbishment of the group’s 50 stores across the country. read more
Zim to conduct DNA tests on SA meat

Zim to conduct DNA tests on SA meat

05/03/2013 - 07:32
Harare - Zimbabwe is working on putting stringent measures on meat imports from South Africa amid concerns of contaminated meat products from the country.  read more
Zim: Meikles to unveil second Pick ’n’ Pay

Zim: Meikles to unveil second Pick ’n’ Pay

11/12/2012 - 09:47
Zimbabwe Stock Exchange-listed diversified entity Meikles Limited is this week set to unveil is its second state-of-the-art Pick ’n’ Pay supermarket bringing to two such branches in the country. read more
SABMiller's Zimbabwe unit H1 earnings up 41 pct

SABMiller's Zimbabwe unit H1 earnings up 41 pct

12/11/2012 - 09:13
(Reuters) - SABMiller's Zimbabwe unit reported a 41 percent jump in half-year earnings on Wednesday, driven by strong beverage sales growth in the recovering economy.  read more
Zim manufacturers say sector in crisis

Zim manufacturers say sector in crisis

08/11/2012 - 07:55
Harare - Zimbabwe's manufacturing industry is in crisis with firms under-performing due to erratic power supplies and lack of capital, an industry body said on Wednesday. read more
SABMiller takes Chibuku across Africa

SABMiller takes Chibuku across Africa

15/10/2012 - 08:43
SABMiller planned to take its African beer brand, Chibuku, to 10 countries across the continent, as part of its strategy to produce more affordable beer for lower-income consumers while taking market share from the “informal” alcohol sector, the brewer said last week.  read more
Turnover 15% ahead at Meikles

Turnover 15% ahead at Meikles

21/08/2012 - 08:47
Turnover at Meikles for the quarter to 30 June 2012 was up 15% to $89m compared to the same period in 2011.  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
Pick n Pay takes its brand to Zimbabwe

Pick n Pay takes its brand to Zimbabwe

12/06/2012 - 08:50
Despite growing concerns over Zimbabwe’s continuing 51% indigenisation programme that has ruffled the feathers of foreign investors, South African retail giant Pick n Pay is expanding in Zimbabwe, with plans to open a new supermarket in Harare at the end of the month. read more
Meikles rolls out Pick’n Pay branch

Meikles rolls out Pick’n Pay branch

05/06/2012 - 09:05
Zimbabwe Stock Exchange-listed conglomerate Meikles Limited is set to open the first Pick’n Pay Supermarket in Kamfinsa, Harare, this month following the injection of $13 million into the group. read more
One-stop shop at borders speeds up trade

One-stop shop at borders speeds up trade

07/05/2012 - 08:31
A ground-breaking one-stop border post (OSBP) at Chirundu between Zambia and Zimbabwe has demonstrated how the cost of trading in Southern Africa can be substantially reduced by streamlining border procedures. read more
Retailers shrug off Harare order

Retailers shrug off Harare order

10/02/2012 - 10:23
Spar, Shoprite and Pick n Pay have shrugged off an indigenisation broadside from the Zimbabwean government, which was reported to have issued a directive yesterday that licences for foreign-based chains not be renewed to facilitate localisation of the businesses. read more
PnP ups stake in Zimbabwe chain

PnP ups stake in Zimbabwe chain

05/12/2011 - 09:01
Harare - Zimbabwe's competition regulator approved Pick n Pay Stores [JSE:PIK] plans to raise its stake in that country’s biggest grocery merchant, a $13m deal that forms part of the South African food retailer’s expansion plans across the continent. read more
Tongaat earnings seen easing

Tongaat earnings seen easing

07/11/2011 - 10:14
Johannesburg - Sugar producer Tongaat Hulett [JSE:TON] advised on Friday that its headline earnings per share for the half-year ended September 2011 are expected to be 474 cents per share compared with 482c for the six months to September 2010. read more