Hippo Valley sugar output down 11 percent
HIPPO Valley Estates recorded an eleven percent decline in sugar output to 212 000 tonnes in the full year ended March 30, 2020 due to a decline in the volume… Read more »
Category: Manufacturing
IDCZ to re-evaluate bids for WMI, Deven
The Industrial Development Corporation of Zimbabwe (IDCZ), will restart the process of evaluating investments bids for Deven Engineering and Willowvale Motor Industries (WMI) following the recent appointment of the new… Read more »
Tea producers urged to diversify, add value
Small-scale tea producers have been urged to diversify and add value to their crop to enhance their earnings, which remain low despite rising prices on the global market. Farmers in… Read more »
Constrained second-hand clothing trading bolsters established firms
FORMAL market clothing retailers are taking advantage of the constrained second-hand clothing trading under Covid-19 restrictions to re-claim a larger market share. Cheap second hand clothing, mainly imported from outside… Read more »
National Tyre Services skids on lockdown
National Tyre Services Limited (NTS) recorded depressed volumes performance for the first quarter to June 31, 2020 due to Covid-19 induced lockdown. According to the group, overall volumes across all… Read more »
FSCA fines Tongaat Hulett R20m
JSE-listed sugar and property firm Tongaat Hulett, which was rocked by an accounting scandal last year, has been handed down a reduced fine of R20 million by the Financial Sector… Read more »
EMA shuts down Norton tile plant
THE Environmental Management Agency (EMA) has suspended the operations of Norton-based tile manufacturer, Sunny Yi Feng Tiles (Zimbabwe), after it defied an order to establish emission sampling points. This comes… Read more »
Cheap plastic products flood Graniteside
Cheap plastic products being manufactured in backyard workshops have invaded the market, as people vie for alternative goods. Colman Street in Harare’s Graniteside industrial area was yesterday a hive of… Read more »
Varun launches new product line
SOFT drink manufacturer, Varun Beverages Zimbabwe, has launched a new energy drink product line called “Sting” as it seeks to enhance consumer choice and taste. The latest offering will be… Read more »
Pepsi seeks to empower youths, women
THE success of soft drink manufacturer Pepsi Zimbabwe is testimony of the country’s attractiveness to investment and impact of President Mnangagwa’s “Zimbabwe is Open for Business” mantra, a Cabinet Minister… Read more »