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Cafca sees 3% decline in sales volumes in Q1 -Newsday Zimbabwe

Established in 1947, Cafca is a subsidiary of the South African cable manufacturer, CBi Electric African Cables (South Africa). Cafca is listed on the Zimbabwe Stock Exchange. ....

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Ghosts of 2023 back to haunt us?

FORMAL retailers have found themselves in a quandary again regarding pricing models to use in the highly volatile market after the domestic currency exchange rate resumed its free fall, making it difficult for traders to comply with regulatory guidelines on pricing. While the ripple effects of the currency volatility have started unraveling across the market,… ....

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Cottco applies for judicial management

The Cotton Company of Zimbabwe has applied to the High Court to be placed under provisional judicial management, the company said on Thursday, with its application suggesting it was technically insolvent. Cottco has a debt of $56 million which attracted an interest bill of $16.8 million in the full year to 31 March 2013 and ....

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ZB Bank gets $20 million interest free loan

ZB Financial Holdings says it has secured $20 million in interest free loan from one of its major shareholders its subsidiary, ZB Bank Limited, to boost its capital base and that its performance in the first four months of the year were above budget. Chief executive Ronald Mutandagayi said at the AGM in May that ....

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