Cable manufacturer, CAFCA Limited says margins in the four months to January 2017 are two percent below the prior year as a result of pressure from cheaper imports.
President Robert Mugabe, who turns 93 on Tuesday, has brushed off the proposed coalition by Zimbabwe’s opposition parties saying it will not be a threat at all as it will be an amalgamation of weaknesses.
A $202 million solar project that was to be set up in the Matabeleland South capital, Gwanda, has been abandoned three months after it started though the contractor was paid $5 million in advance.
Zimbabwe Stock Exchange (ZSE) listed Powerspeed Electrical says its partnership with Swiss-based Meeco Group to set to solar power plants around the country has stalled because of improved electricity supplies and lower industrial demand.
First Lady Grace Mugabe yesterday blasted Zimbabwe People First leader Joice Mujuru accusing her of being incompetent, corrupt and sleeping around with men in her party but she said the former Vice- President was welcome to rejoin the Zimbabwe African National Union-Patriotic Front if she asked for forgiveness.