Cost cutting propels General Beltings to profitability

Nivad will spearhead safety improvements, monitor underground trends, conduct geotechnical assessments, scan underground voids, and track gold output to curb leakages. The management firm will also oversee shaft ownership to eliminate speculative holding.

GENERAL Beltings Holdings (GB) posted an inflation adjusted profit of ZiG26,5 million for the year ended December 31, 2024 as robust cost containment measures paid off to overturn previous year’s loss of ZiG566 841.It was a challenging year for the industrial hardware manufacturer, as revenue halved to ZiG77,1 million from ZiG150 million registered in 2023…

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