MUTARE - Zimbabwe’s largest tea producer Tanganda Tea Company Limited has issued a further cautionary announcement, informing shareholders and the investing public that the company’s proposed capital raise through a Renounceable Rights Offer remains under consideration.
The Zimbabwean government has announced plans to compensate former farm owners affected by the Land Reform Programme, allocating US$20 million towards reimbursement of foreign farmers.
Hippo Valley Estates Limited, a subsidiary of Tongaat Hulett Zimbabwe, a leading agricultural company, has reported a tumultuous first quarter ending June 30, 2024, marked by significant currency fluctuations and operational challenges.
Tanganda Tea Company Limited has terminated its engagement with Ernst & Young Chartered Accountants (Zimbabwe) as auditors, citing differences over the interpretation of accounting standards in hyperinflationary economies, effective July 15, 2024.
Zimbabwean rancher Collins Tafireyi was the headline maker at an auction held in Mpumalanga, South Africa, after he purchased a bull for R8million (US$431 664) at the Hurwitz Farming Production Auction.
KPMG Chartered Accountants has delivered a scathing verdict on Seed Co Limited's financial statements, issuing an adverse audit opinion that highlights multiple material weaknesses and non-compliance with International Financial Reporting Standards (IFRS).
HARARE - The Grain Marketing Board (GMB) has paid farmers all outstanding amounts for the maize that they delivered to the parastatal, a Cabinet Minister has said.
The Cotton Company of Zimbabwe (Cottco) has embarked on a drive to encourage farmers to increase their crop size in a blitz dubbed ‘donje mumunda’, an official has said.
BEITBRIDGE - Shashe Irrigation Scheme farmers are not realising profits because their affairs are managed by a Trust, which allegedly milks 50 percent of their proceeds as administration fees.
