Bulawayo24 News - Skyes! "it makes perfect sense"

Innscor facilitates cleft lip, palate surgery

Innscor Africa Limited, through its health subsidiary Providence Health and Wellness, has partnered with the Global Cleft and Cranio-Facial Foundation to provide life-changing cleft lip and palate surgeries for children across Zimbabwe, of…

Published: 05 May 2025 at 15:58hrs | 71 | by Staff reporter

Innscor engages govt over tax

Innscor Africa Limited has raised concerns over high taxes and their detrimental impact on the company's profitability, warning that the escalating cost-push pressures are putting a strain on its financial performance. The company's manage…

Published: 18 Nov 2024 at 15:06hrs | 196 | by Staff reporter

Human rights activist engages CCZ over INNSCOR GMOs saga - CCZ responds to her complaint

The human rights activist Abigale Mupambi who joined the ongoing controversy involving Pan-Africanist Rutendo Matinyarare, and the Innscor Group has taken since anged the Consumer Council of Zimbabwe to intervene and save the Zimbabwean po…

Published: 11 Sep 2024 at 15:53hrs | 3201 | by Stephen Jakes

INNSCOR GMO's saga draws fire from activists

The ongoing controversy involving Pan-Africanist Rutendo Matinyarare, and the Innscor Group has taken a new turn with the human rights activist Abigale Mupambi and the International Coalition Against Covid-19 and African Development Zimbab…

Published: 08 Sep 2024 at 11:57hrs | 1103 | by Stephen Jakes

Innscor vs Rutendo Matinyarare takedown order judgement

Yesterday, we finally received the judgment from Judge Makume, following nine days of deliberations on Innscor's court application filed on August 20th, 2024, in which they sought a court order compelling me to remove articles and videos p…

Published: 29 Aug 2024 at 17:54hrs | 1902 | by Rutendo Matinyarare

Bakers Inn to build second plant in Bulawayo

Baker's Inn, a division of Victoria Falls Stock Exchange-listed Innscor Africa, is expanding its operations by adding a second plant to its Belmont factory in Bulawayo.The company recently commissioned a US$27.8 million bakery, now operati…

Published: 22 May 2024 at 09:33hrs | 42 | by Staff reporter

Matinyarare's 'Innscor has destroyed the taste of Zim food' comments cause consternation

If Zimbabwe Stock Exchange (ZSE)-listed food giant Innscor was hoping to avoid press scrutiny, it could hardly have chosen a more self-destructive path than seeking a gag order against journalist Rutendo Matinyarare, a prolific campaigner …

Published: 04 Mar 2024 at 21:20hrs | 7 | by Staff reporter

Innscor goes after Zanu-PF activist

Innscor Africa has obtained a takedown order against Zanu-PF social media activist Benson Rutendo Matinyarare, who posted videos online accusing the company of "destroying the taste of Zimbabwean food" while also labelling the company's fo…

Published: 17 Jan 2024 at 05:05hrs | 35 | by Staff reporter

Innscor splashes US$109m on expansion projects

INNSCOR Africa Limited has spent about US$109 million in expansion projects in the country, including building new stockfeed mills and a state-of-the-art bakery in Bulawayo.Innscor group chief executive officer Julian Schonken told journal…

Published: 18 Jun 2023 at 08:41hrs | 1 | by Staff reporter

Innscor fined US$9m, ordered to divest from Probrands

THE Competition and Tariff Commission (CTC) imposed a fine of US$9,1 million on Innscor Africa Limited (Innscor) for consummating the merger of one of its subsidiaries without the Commission's approval, Business Weekly has learnt.Innscor w…

Published: 26 Jun 2022 at 12:26hrs | 21 | by Staff reporter

Innscor ex-manager case judgment reserved indefinitely

Bulawayo Labour Court judge Mercy Moya-Matshanga on Thursday reserved judgment for the second time in the case of Innscor Africa Limited and Innscor Africa Bread Company Zimbabwe former southern region sales and marketing manager Paul Chim…

Published: 24 Jan 2022 at 05:28hrs | 1 | by Staff reporter

'Innscor revenue to rise 395%'

ADVISORY firm IH Securities has projected a 395% rise in revenue at the Zimbabwe Stock Exchange-listed conglomerate, Innscor Africa Limited, during the year to June 30 2021, underpinned by high consumer spending as lockdown restrictions ha…

Published: 25 Mar 2021 at 05:49hrs | 4 | by Staff reporter

Bread price goes up...again

Innscor Africa Limited T/A Bakers Inn Bakeries has announced that starting from Wednesday 6 March the recommended would be $2.70 up from $2.50.Zimbabwe has been hit by the acute wheat shortage and the shortage of foreign currency for the b…

Published: 05 Mar 2019 at 18:48hrs | | by Mandla Ndlovu

Innscor reports good performance in all business portfolios

INNSCOR Africa Limited posted a $48,6 million profit after tax in the full-year ended June 2018 from $34,4 million in prior period, as all its business portfolios reported good performance.The group has three segments such as Mill-Bake, Pr…

Published: 01 Oct 2018 at 07:07hrs | | by Staff reporter

Innscor snaps up News CafÃ© and Ocean Basket from Munyeza

Innscor Africa has snapped up News CafÃ© and Ocean Basket franchises from investor and restauranteur Shingi Munyeza. Munyeza said that he had sealed a deal with Innscor Africa, but would not be drawn into disclosing how much he got for the…

Published: 01 Jun 2018 at 09:58hrs | | by Staff reporter

Innscor considers share buy-back

Innscor Africa Limited directors seek shareholders' approval to purchase its own shares listed on the Zimbabwe Stock Exchange at the next Annual General Meeting (AGM) next month.Innscor will hold its 21st AGM on December 6, 2017 with share…

Published: 14 Nov 2017 at 16:27hrs | 3 | by Takudzwa Chiwara

Innscor, Zimplats fingered in Panama Papers

Another high-profile Zimbabwean company has been named in the Panama Papers for payments and other transactions to directors which are viewed as illegal.The Panama Papers is a tranche of millions of leaked financial documents detailing a t…

Published: 10 May 2016 at 09:48hrs | 3 | by Staff reporter

Innscor's Simbisa Brands plans to list

Fast-food group Innscor Africa will separately list its restaurants unit on November 6, allowing it to pursue mergers and acquisitions of companies operating similar businesses, the company said on Monday.Innscor, the third biggest firm on…

Published: 12 Oct 2015 at 16:12hrs | 3 | by Reuters

Innscor profits tumbles

Zimbabwean fast food group Innscor Africa on Friday reported a 7.8 percent fall in full-year operating profit and lower revenue due to weak consumer spending, but said it plans to make cash-generating acquisitions.Innscor's operating profi…

Published: 26 Sep 2015 at 17:09hrs | | by Reuters

Innscor will not pay CTC penalties

Innscor Africa Limited has been absolved from paying $2,5 million in penalties imposed by the Competition and Tariff Commission over the food group's merger with the agro-processor, National Foods Limited. The legal fight came about after …

Published: 31 Jul 2015 at 07:03hrs | 1 | by Staff reporter

Innscor boss yet to secure Zimbabwe work permit

Innscor's Antonio Fourie is yet to secure a Zimbabwean work permit and is still waiting for the paper after submitting the requirements to Immigration departments. Fourie said the process involves two departments of immigration of Zimbabwe…

Published: 26 Jan 2015 at 08:01hrs | 1 | by Staff reporter

Black Zimbabwean appointed Innscor Chairman

Innscor Africa Limited has appointed commercial lawyer Addington Chinake as its new Chairman to replace David Morgan. While the ZSE listed conglomerate was reportedly finalising the formalities for the announcement, market insiders say the…

Published: 06 Jan 2015 at 07:32hrs | | by Staff reporter

Innscor property attached for violating the Competition Act

Several vehicles belonging to Innscor Africa Limited have been attached by the Sheriff of the High Court of Zimbabwe to enforce the payment of $3.3 million awarded against the multinational corporation for violating the Competition Act.Acc…

Published: 10 Oct 2014 at 19:13hrs | 3 | by Staff reporter

Innscor shareholders approve the company's empowerment plan

Innscor Africa Limited's shareholders approved the company's Indigenisation Implementation Plan at an EGM held earlier today.Group Chief Executive John Koumides told the meeting that in order for the firm to meet the requirements of the In…

Published: 24 Jan 2014 at 11:35hrs | 3 | by zfn

Innscor could be fined to $60 million

ZIMBABWE Stock Exchange-listed Innscor Africa was found guilty of not following proper regulatory procedures in its acquisition of a majority stake in National Foods Limited (NatFoods) and could be liable to a fine as high as $60 million.&…

Published: 16 Dec 2013 at 14:32hrs | 2 | by Staff Reporter

Industrials extends record rise as Innscor shares close above $1

Innscor shares were buoyant at week's opening dosing above a $1 at $1,05 to surpass the $1,03 record reached on February 4 this year as the Industrials extended their record rise closing just shy of the 220.00 mark.The Industrials Index ga…

Published: 10 Jun 2013 at 10:20hrs | 1 | by Business reporter

Innscor faces penalty for not giving notice of NatFoods acquisition

Innscor Africa faces a penalty from the Competition and Tariff Commission for not giving notice of its intent to acquire a majority stake in National Foods. The commission noted during a stakeholders meeting on Friday that Innscor graduall…

Published: 13 May 2013 at 06:39hrs | | by Business reporter

Innscor revenue projected to top $345 million

FINANCIAL analysts Renaissance Capital have projected Innscor Africa Limited's revenue to increase by 8 percent to US$345 million in the first six months of its financial period to December 31, 2012."We expect that the group will report co…

Published: 05 Mar 2013 at 04:39hrs | 2 | by Business Reporter

Innscor's expansion drive to continue

Innscor Africa Limited is targeting to continue with its expansion drive for the coming year, Group CE Tom Brown told analysts this morning. "We will continue to pursue the expansion drive which we have been doing since dollarisation …

Published: 06 Sep 2012 at 12:02hrs | | by Business reporter

Innscor approaches court to bar Chickenza Inn from operating

Innscor has approached the High Court to seek an order barring a local farmer from opening food outlets using brand names believed to be similar to those of its subsidiary companies. Innscor, a conglomerate, operates Chicken Inn, Pizza Inn…

Published: 17 Jan 2012 at 10:19hrs | | by Staff reporter

Innscor posts a strong set of results

Innscor posted a strong set of results which was broadly in line with our expectations and management guidance. The strong performance was driven by increased volume and margin expansion on improved efficiencies. Attributable earnings (fro…

Published: 08 Sep 2011 at 08:57hrs | 2 | by Business reporter

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