Clothing retail chain, Truworths widened its loss after tax by 73 percent from $1 million to $1.7 million in the full year to July weighed down by a 24 decline in revenue.
Zimplats says it is already compliant with Zimbabwe’s beneficiation requirements and will not be affected by the imposition of the punitive 15 percent levy on unprocessed platinum exports from next year, according to chief executive Alex Mhembere.
Binga North Member of Parliament Prince Sibanda said President Robert Mugabe’s speech at the official opening of Parliament was totally irrelevant as he did not address any issues that affect ordinary Zimbabweans.
Deputy Energy Minister Tsitsi Muzenda said oil producers refused to sell fuel to retailers because they owed them huge sums of money resulting in panic buying as people thought the country had run out of fuel.
Botswana-listed retail group, Choppies says revenue at its Zimbabwe operations grew by 17 percent in full year ended June 30 despite a sluggish economy underlined by chronic shortages of cash.