WILLDALE says the sale of stands in the Haydon Industrial Park is starting to ease group working capital pressures and should soon boost its core brick-making operations. The company expects to raise sufficient funds through these sales to acquire a modern all-weather brick-making plant before year end. Last year, the company said plant utilisation fell…
ART Holdings’ revenue dropped four percent year-on-year to US$7 million during the first quarter ended December 31, 2025, owing to working capital constraints that impacted production. The group’s overall sales volumes were one percent below the prior year. “Market demand for Exide batteries and Eversharp pens was firmer, however, the cumulative impact of working capital…
VISION Group is focusing on stabilising Tongaat Hulett (Tongaat)’s regional businesses after last week’s provisional liquidation application by business rescue practitioners in South Africa. This follows the collapse of the business rescue deal due to delayed funding discussions between Vision and the Industrial Development Corporation of South Africa. Tongaat, a South African agribusiness, operates in…
IN 1980, when we gained our Independence, we had a thriving agricultural economy. Zimbabwe was a country of 49 million hectares – 16 million under commercial farmer occupation, 16 million…
MTN Group has agreed to take over the approximately 75% stake in mobile infrastructure company IHS Holding Limited that it doesn’t already own for $2.2 billion in cash (around R35.2…
Ethiopian Airlines, Africa’s largest and most profitable carrier, has reported $4,4 billion in revenue for the first six months of its 2025 to 2026 financial year, equivalent to roughly $4,5…
COMPANIES must treat tax compliance as a strategic tool that supports sustainable business performance and broader economic development, The Financial Gazette’s general manager sales and marketing has said ahead of…
ZIMBABWE T20 captain Sikandar Raza has raised the glass to the team’s passionate fans for giving the Chevrons the ”energy” to clinch a Super Eight spot at the T20 World…
By Jackson Mashinge IN recent months, it has been inspiring to witness accountants actively seeking to upskill in data analytics and artificial intelligence. This trend reflects a seismic shift in the accounting profession, where technology is no longer viewed as a threat but as a catalyst for growth and adaptation. My previous articles have highlighted…
The African Development Bank Group President, Sidi Ould Tah, convened a pivotal high-level working session on February 15, with the heads of Africa’s Regional Economic Communities (RECs) on the margins…
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