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Tanganda to invest $2mln in avocado storage facility as company diversifies crops

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Posted by admin 11 days ago (http://source.co.zw)
MUTARE, October 14 (The Source) – Zimbabwe’s largest tea producer, Tanganda says it will invest $2 million in the construction of an avocado pack house at its Avontuur Estate to boost revenue as the company completes its diversification programme. The facility, to be constructed in two phases is, expected to be completed in 2016 and […]

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Blanket mine Q3 output down 18 pct on weakening gold prices

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Posted by admin 11 days ago (http://source.co.zw)
By Kuda Chideme, HARARE, October 14, (The Source) – Blanket Mine gold output for the third quarter ending September declined to 9, 890 ounces from 12,042 ounces in prior comparative period on weakening gold prices and low ore grades, the company said on Tuesday. The company also sees its earnings-per- share taking a dip as […]

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Meikles Retail to return to profit and positive cash flows

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Posted by admin 11 days ago (http://feedproxy.google.com)
Meikles Limited Executive Chairman: Mr J.R.T. MoxonThis release is the first of two that will be issued to Shareholders prior to the forthcoming Annual General Meeting on 16 October 2014.This release will focus on the Retail Division and the second release will focus on progress made on matters that have been included under the heading of Finance and Outlook in the Chairman's Statement for the ye

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Meikles | A New Beginning

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Posted by admin 11 days ago (http://feedproxy.google.com)
Meikles Limited Executive Chairman: Mr J.R.T. MoxonA New BeginningThis release is the second of two releases to Shareholders. The first release focused on the Group'sRetail Division and was published on Monday, 6 October 2014. The second release will focus onproviding Shareholders with further information relating to Finance and Outlook as previously set out in the Chairman's Report for the

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National Foods Holdings Ltd 2014 annual report

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Posted by admin 11 days ago (http://feedproxy.google.com)
Future ProspectsThe Group posted another good financial performance for the year under review, even when viewed without the non-recurring items. Compounded average growth rate at profit before tax level sincedollarisation is 29%, largely driven by an increase in volumes sold which in turn improves capacity utilisation and reduces the unit cost of production. Our brands commanded a significant sha

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Makomo ropes in Grindrod to improve coal supply to power stations

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Posted by admin 11 days ago (http://source.co.zw)
HWANGE, October 14 (The Source) – Coal miner Makomo Resources has hired four wagons from South African logistics giant Grindrod Limited to move coal from its Hwange mining operations to small power stations across the country, in a bid to improve supply to the main consumer-Zimbabwe Power Company. Grindrod is fast taking over rail business […]

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Makomo ropes in Grindrod to improve coal supply to power stations

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Posted by admin 11 days ago (http://source.co.zw)
HWANGE, October 14 (The Source) – Coal miner Makomo Resources has hired four wagons from South African logistics giant Grindrod Limited to move coal from its Hwange mining operations to small power stations across the country, in a bid to improve supply to the main consumer-Zimbabwe Power Company. Grindrod is fast taking over rail business […]

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Top 30 companies in Sub-Sahara Africa ex SA by market capitalisation

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Posted by admin 12 days ago (http://feedproxy.google.com)
Hartland-Peel Africa Equity Research provides one of the most comprehensive databases on African listed companies dating back to 1990. The database has been licensed to various financial institutions and institutional investors internationally.This report was produced by Hartland-Peel Africa Equity Research. It is an update as of September 2014 and covers the Top 30 companies in Sub-Sahara

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