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Innscor Africa

Innscor bemoans cash crunch

By Ndakaziva Majaka Diversified group, Innscor Africa (Innscor), says the delays in foreign transactions are threatening business with suppliers waiting long periods to get their dues. Innscor chief executive Julian Schonken,…
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Turmoil engulfs Zimbabwe Stock Exchange

By Phillimon Mhlanga The Zimbabwe Stock Exchange (ZSE), once a go-to destination for companies seeking cheap funding, has taken a huge lurch downwards as equities tumble, with the market capitalisation plunging by about US$715 million…
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Innscor disposes Spar

By Ndakaziva Majaka HARARE - Zimbabwe Stock Exchange (ZSE)-listed diversified group, Innscor Africa Limited (Innscor) is divesting from its supermarket portfolio to focus on core restaurant business. “Pursuant to Innscor Africa…
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Innscor plans to re-enter Nigerian market

Zimbabwe's largest company by revenue, Innscor Africa limited has announced plans to re-enter the Nigerian market and expand its logistics and distribution unit as the conglomerate seeks to minimise its portfolio risk, chief executive…
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Innscor in nasty racial storm

Diversified group, Innscor Africa has been sucked into the vortex of a racial storm amid reports of systemic “retrenchments” of black managers at the expense of “white expatriates” mainly from South Africa.
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Innscor faces US$60m fine

ZIMBABWE Stock Exchange-listed Innscor Africa was found guilty of not following proper regulatory procedures in its acquisition of a majority stake in National Foods Limited (NatFoods) and could be liable to a fine as high as US$60 million.
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