Archive | Business


Afdis records 5% growth in revenue

ZIMBABWE Stock Exchange-listed alcoholic beverage maker, African Distillers Limited (Afdis) has recorded a 5% growth in revenue to $25 million for the year ended June 30 2015 due to increased volumes, value chain cost reduction activities and the depreciating rand.

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Turnall profits up on cost-savings

Turnall Holdings Limited has posted a gross profit of $3 million in the half-year-ended June 30 2015, which is 254% up from the same period last year due to better overhead recovery and procurement savings initiatives.

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Heap of corn grain

Issue out grain permits only – Millers

BULAWAYO — Millers have urged the government to issue out only grain permits, not mealie-meal ones, in order to protect local industry from cheap imports. Government, together with the private sector, plans to import about 700 000 metric tonnes of maize to cater for deficits as a result of a poor harvest.

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Effect 20% discount: FBC

FBC Holdings has requested all its suppliers and service providers to effect a 20% discount on the current contractual obligations and future businesses as it moves to contain costs due to the harsh operating environment.

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