Zimplats’ profit in the year ended 30 June 2017 increased to $45.53 million compared to $7.32 million in 2016, boosted largely by a total of $34.8 million realised from export incentives and disposal of treasury bills from the Reserve Bank of Zimbabwe (RBZ).
From inside what used to be the commentary box, high above what is left of the sports field at Torwood Stadium, one can look across to the pile of rust that was once one of Africa’s largest steel factories.
The Zimbabwe African National Union-Patriotic Front youth rally to be held in Gweru tomorrow is likely to be a showdown between Vice-President Emmerson Mnangagwa and his rivals as it is likely to be a show of strength about who has more people behind him.
Platinum production at Mimosa in the six months to June reached 60 879 ounces compared to 29 491 ounces during the same period in 2016 largely on improved mining efficiencies.
South African pharmaceutical group Adcock Ingram says its businesses in Zimbabwe and Kenya collectively posted a trading profit of R2.7 million ($200 000) in the year ended 30 June compared to a trading loss of R3.5 million ($268 000) in the prior year.