Padenga focuses on reducing borrowings

PADENGA Holdings (Padenga) says it is on a drive to reduce borrowings and the associated interest charges to sustainable levels and improve profitability. The Victoria Falls Stock Exchange-listed firm’s chairman, Themba Sibanda, said the group witnessed a 15 percent reduction in net interest expenses for the group at US$3,6 million during the half year ended…

Subscribe to read full article. Subscribe today

Related posts

RioZim seeks nod for turnaround plan

Fastjet toasts to tourism sector fee cuts

New offerings lift Old Mutual Zimbabwe earnings

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More