Turnall Holding yesterday said it is engaged in discussions to restructure the company’s balance sheet which showed its debt at 250 percent above its networth.
Zimbabwe African National Union-Patriotic Front national political commissar Saviour Kasukuwere is reported to have survived the purge against him yesterday but Jacob Mudenda who was chairing the meeting said he would only present his report next week.
London-listed junior miner Vast Resources says production at its Pickstone-Peerless Gold mine in Zimbabwe grew to 2 974 ounces compared to 2 808oz over the same period last year despite a fall in milled ore.
Zimbabwean banks are holding only two percent of their liquid assets as cash, with more than 36 percent in the form of real-time gross settlement systems (RTGS), a central bank official said today, highlighting the extent of the liquidity crunch in the country.
Zimbabwe has so far raised and disbursed $45 million out of $200 million required to rehabilitate road infrastructure that was hugely damaged by Cyclone Dineo, Vice-President Emmerson Mnangagwa said today.
Zimplats today said net profit more than doubled to $42.2 million in the three months to March 31, from $20.6 million in previous quarter.