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Shops Hike Price Of Sugar

Confederation of Zimbabwe Retailers (CZR) president Denford Mutashu has acknowledged the unjustified price hikes of sugar on the local market. In a statement issued on April 11, Mutashu said a 2kg packet of sugar is being sold for US$4 instead of the recommended price ranges between US$2.60 (ZIG 33.75) to US$2.80 (ZIG 37.80) for 2kgs…

R500m headache for Tongaat buyer Vision

Zimbabwe company stories that made headlines in 2022

In 2022, inflation remained high, the exchange rate was on steroids for long periods, lights went out often and Zimbabwe’s long tradition of policy shifts kept businesses on edge. There was, still, some business to be done, for better or for worse. Here, we look back at some of the top company news we covered

Tongaat Hulett in danger of being liquidated

Tongaat Hulett appears to be inching its way towards liquidation as the (currently suspended) JSE-listed sugar producer and property developer’s business rescue process increasingly becomes bogged down by legal challenges. This follows the High Court in Durban last week hearing three urgent applications and ordering: The adjournment of the meeting to consider and vote on…

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