Robert Gumede's Vision Group is reportedly close to a rescue deal for Tongaat Hulett that could avert liquidation and protect thousands of jobs ahead of a crucial court showdown.
Zimbabwe has introduced new regulations banning harmful levels of lead in paint and coating materials, a move authorities say will protect children and vulnerable groups from serious health risks associated with lead exposure.
JOHANNESBURG - Vision Group has moved to reassure stakeholders in Zimbabwe, Mozambique and Botswana following the provisional liquidation filing of Tongaat Hulett Limited in South Africa.
Tongaat Hulett Limited, the South African parent company of Zimbabwe’s sugar producer Tongaat Hulett Zimbabwe, has applied for provisional liquidation after its business rescue plan collapsed, a move that raises fresh uncertainty over the future of the regional sugar group.
HARARE - Zimbabwean socialite and philanthropist Jackie Ngarande has publicly expressed concern over what she describes as a decline in the quality of Dairibord Zimbabwe Limited (DZL)’s yogurt products, urging the company to investigate and address the issue urgently.
HARARE - Zimbabwe Stock Exchange listed cement producer PPC Ltd has reported contrasting performances across its regional operations, with Zimbabwe registering significant volume growth while South Africa and Botswana delivered steady but more modest improvements, owing to the success of its "Awaken the Giant" strategy.
MUTARE - Zimbabwe Stock Exchange listed tea producer, Tanganda Tea Company Limited has reported a 65% decline in revenue for the third quarter ended 30 June 2025, citing weaker tea export volumes, adverse weather conditions, and exchange rate disparities.
CHIREDZI - Zimbabwean businesses, notably sugar producer Hippo Valley Estates Limited, continue to face significant financial and operational challenges due to the country's dual currency system, with the company's recent financial results highlighting how the coexistence of the new Zimbabwe Gold (ZWG) and the US dollar is straining cash flow, increasing costs, and impacting overall profitability despite strong production.
HARARE - A parliamentary report has implicated First Mutual Life (FML) in a significant grievance by ZISCO Steel pensioners who claim to have lost US$38.7 million due to currency conversions following the government's debt assumption for the defunct steel company.
HARARE - Mureza Auto Company, one of Africa's first black-owned car manufacturing companies, has announced its decision to establish its headquarters in Zimbabwe, signaling a significant investment in the African automotive market.
