BUSINESS NEWS

Zimbabweans resort to firewood, plastic, gas unaffordable

WITH a 15 to 19 hour load shedding schedule underway, massive hikes in prices of firewood and acute shortages on gas, some Zimbabweans have resorted to burning plastic to cook meals.Barely a week ago,...

By Staff reporter | Published: 01 July 2019
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INDUSTRIALS & ENERGY

Proplastics basks in good business

PLASTIC pipes and fittings manufacturer, Proplastics Limited, recorded a strong performance in the first six months of 2018 with a 70 percent jump in revenue from $6,3 million to $10,8 million when co...

By Staff reporter | Published: 27 September 2018
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BUSINESS NEWS

Mnangagwa calls for increased use of plastic money

President Emmerson Mnangagwa yesterday acknowledged the worsening cash crisis and encouraged increased use of plastic money.Addressing mourners during the burial of the late national hero John Chimban...

By Staff reporter | Published: 11 June 2018
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INDUSTRIALS & ENERGY

Proplastics maintains strong performance

PLASTIC pipes and fittings manufacturer, Proplastics Limited had a strong performance in the first four months of the year to April 2018 with revenue coming out 86 percent ahead of same period last ye...

By Staff reporter | Published: 25 May 2018
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BUSINESS NEWS

Foreigners shun Zimbabwe's plastic money

IN March 2016, the Reserve Bank of Zimbabwe governor John Mangudya called for an 80% cashless society in the next five years in order to move the country away from its heavy reliance on cash.Yet, nea...

By Staff reporter | Published: 07 January 2018
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MINING & RETAIL

OK profits from panic and plastic

PANIC buying, triggered by fears of basic commodity shortages and price hikes spurred OK Zimbabwe's revenue during the half year ended September 30, 2017, an analysis by Old Mutual Securities (OMSEC) ...

By Staff reporter | Published: 30 November 2017
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INDUSTRIALS & ENERGY

Proplastics targets increased exports

PLASTIC pipe systems manufacturer, Proplastics, is targeting to increase exports to the "ideal 10 percent" from the current two percent as the group has started picking up orders from as far as Sierra...

By Staff reporter | Published: 18 September 2017
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INDUSTRIALS & ENERGY

Proplastics profit up 287% to $353,000

Plastics manufacturer, Proplastics's net income for the six months to June grew nearly threefold to $352, 946 from $91,243 reported in the same period last year on increased sales and lower finance co...

By The Source | Published: 15 September 2017
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FINANCIAL SERVICES

Mobile, plastic accounts for 80% of retail transactions

The Confederation of Zimbabwe Retailers (CZR) says the use of mobile and plastic money has risen to account for 80 percent of transactions in the retail sector.Addressing delegates at the 'Cash challe...

By Staff reporter | Published: 27 July 2017
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