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SA hair salon used as conduit in Natfoods cash scam
A SOUTH AFRICAN hair salon was reportedly used as a conduit to transfer part of the money that was siphoned from National Foods.Scammers hacked into the company's computer system and accessed ...Published: 04 Jun 2023 at 08:30hrs | 2 | by Staff reporter
Scammers bleed Natfoods US$6m
IN what could be one of the biggest cybercrimes ever reported in the country, National Foods, a local manufacturer and marketer of food products, lost over US$6 million to criminals who hacked into it...Published: 21 May 2023 at 08:03hrs | | by Staff reporter
National Foods hires Sikandar Raza as brand ambassador
National Foods has engaged Chevron's star, Sikandar Raza as the brand ambassador for their new range of cereal products.The Pearlenta Nutri-Active range comprises a wide array of breakfast cer...Published: 04 Feb 2023 at 06:20hrs | | by Staff reporter
Natfoods backs agriculture revival
Listed manufacturer, National Foods Holdings Limited (Natfoods) says the improved performance of the agriculture sector will reduce the need for imported raw materials.Natfoods is the country'...Published: 29 Oct 2021 at 07:47hrs | 5 | by Staff Reporter
National Foods starts maize imports
National Foods says it has commenced substantial maize imports to cover the predicted demand between December 2020 and April 2021 as the recently concluded harvest was impacted by a second successive ...Published: 09 Nov 2020 at 20:57hrs | | by Staff reporter
Zimbabwe to import 900,000 tonnes of maize
Meanwhile, a Mauritius based firm, Afrigran Trading, has terminated its cereal supply contract with National Foods Limited (Natfoods) after the Reserve Bank of Zimbabwe (RBZ) failed to honour a US$55 ...Published: 28 Mar 2019 at 07:47hrs | 2 | by Staff reporter
Natfoods bosses accused of looting trust shares
National Foods Limited (NFL) workers have accused their management of 'looting' their trust shares amounting to 0,15% of the company's entire issued share capital.According to the settlement o...Published: 26 Oct 2018 at 07:12hrs | | by Staff reporter
Rush to offload bond notes triggers stocks rally
Stocks rallied this week as investors rushed to get rid of cash and electronic balances and took positions in equities after the accelerated devaluation of the local currency triggered by government's...Published: 12 Oct 2018 at 07:34hrs | | by Staff reporter
Natfoods leases depots to ex-managers
National Foods Holdings (Natfoods) has moved its 60 depots countrywide into a wholesale run by the group's former executives, a company official has said. Natfoods CE Mike Lashbrook ...Published: 09 Dec 2016 at 06:18hrs | | by Staff reporter
NatFoods invests $6,5 million in contract farming
LISTED firm National Foods has invested US$6,5 million through PHI Commodities for contract farming for the 2015-2016 agricultural season.The company expects to spend US$15 million to buy the ...Published: 24 Jul 2016 at 10:05hrs | | by Business Reporter
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 Food...Published: 31 Jul 2015 at 07:03hrs | | by Staff reporter
Unrealistic wage expectations hinder economy
WHILE Zimbabwe continues to benefit from negative inflation, unrealistic wage expectations continue to hinder the nation's economy, FBC Holdings chairman Herbert Nkala said at the launch of the 2015 ...Published: 28 May 2015 at 07:13hrs | | 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 corpor...Published: 10 Oct 2014 at 19:13hrs | | by Staff reporter
Econet under investigation
THE Competition and Tariff and Commission (CTC) has started gathering information which may result in a fully-fledged investigation on alleged uncompetitive behaviour by Econet Wireless.CTC ha...Published: 13 Jun 2014 at 11:07hrs | | by Tinashe Makichi
NatFoods' milling volumes depressed due to high volume of imports
NATIONAL Foods says milling volumes especially in the southern region are depressed due to the high volume of imports."We are making every effort to compete, however, our milling volumes in th...Published: 04 Jun 2014 at 09:11hrs | | by Staff Reporter
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 l...Published: 16 Dec 2013 at 14:32hrs | | by Staff Reporter
Zimbabwe Stock Exchange volumes quadruple
THE number of shares that exchanged hands on the Zimbabwe Stock Exchange (ZSE) last month more than quadrupled to 602 947 421 as the local bourse continued to rally after a record postâ€â...Published: 06 Nov 2013 at 06:00hrs | | by Business reporter
ZSE:- Industrials rises to another record level in post election trades
ZSE's Industrials continued to rise to record levels on Thursday in a rather quiet post election trading session where only 4 counters managed gains while only one ended in the red out of the 22 count...Published: 01 Aug 2013 at 10:42hrs | | by Business reporter
Industrials falters at half year end but still up 38.58% in the year
ZSE's Industrials ended the first half of 2013 in the red as the market's most capitalised counter Delta clocked 4 straight sessions trading in the red.The trading session was however highligh...Published: 28 Jun 2013 at 18:02hrs | | by Business reporter
ZSE: Industrials continues to lose ground ahead of half year end
ZSE's Industrials slumped to their seventh consecutive loss on Thursday as Delta shares plummeted again amid selling pressure with just one trading session left in the first half of 2013.The I...Published: 27 Jun 2013 at 17:27hrs | | by Business reporter
Industrials weaken on heavyweights' sell-off
Selling pressure in mostly heavily capitalised counters saw the Industrials close in the red on Tuesday for the 5th consecutive session.The Industrials Index dropped 1.73 points or0.80% to 215...Published: 25 Jun 2013 at 13:02hrs | | by Business reporter
Delta, Barclays help ZSE Industrials firm
Delta's marginal recovery helped both stocks and turnover rise on Tuesday as investors c...Published: 18 Jun 2013 at 16:29hrs | | by Finx
ZSE shares little changed in mixed session
Zimbabwe Stock Exchange shares closed little changed on Monday holding on to marginal gains in a mixed session as political parties try to map out the way forward with the elections.Following ...Published: 17 Jun 2013 at 15:38hrs | | by Business reporter
Bakers Inn to invest in pie making line, to reintroduce half bread
Innscor's Bakers Inn will in September commission a new pie making plant which will raise capacity to 200 000 pies from the current 12 000 daily.Bakers Inn General manager Ketan Patel said dur...Published: 06 Jun 2013 at 05:27hrs | 1 | by Financial Express
Masimba Holdings continues to firm as ZSE rebounds
Masimba Holdings performance in the year to date rose to 183.33% on Tuesday as the company continued to firm towards the $20 million market capitalisation mark with the price getting closer to its NAV...Published: 29 May 2013 at 04:38hrs | | by Business reporter
ZSE shares hitting fresh highs as volumes remain depressed
ZSE's Industrials hit another fresh record on Thursday amid strong interest in selected counters but overall volumes remained thin.Volumes for most of the counters that have recorded significa...Published: 23 May 2013 at 12:57hrs | | by Business reporter
ZSE: Industrials hits fresh all-time high in midweek trades
ZSE's Industrials closed at a fresh all-time high of 205.71 on Wednesday as investors continue to pile into a few selected counters.The Industrials Index...Published: 15 May 2013 at 14:44hrs | | by Business reporter
ZSE: Industrials rebounds but closed off its all-time high
The market's mainstream Industrials rebounded on Tuesday, buoyed by gains in selected heavyweights, to dose at 204.72 but remained off its all-time high of 204.74 reached last Friday.The ...Published: 14 May 2013 at 13:26hrs | | by Business reporter
ZSE: Industrials snaps 6-day rising streak at week's opening
ZSE shares opened the week lower as Industrials snapped a 6-day rising streak after giving in to losses in Econet and Innscor ...Published: 13 May 2013 at 12:03hrs | | 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 stak...Published: 13 May 2013 at 06:39hrs | | by Business reporter
ZSE: Industrials advances to record levels
ZSE's mainstream Industrials advanced to another record level at week's end to log its 6th straight rise largely spurred by gains in selected heavyweights.The ...Published: 10 May 2013 at 10:50hrs | | by Business reporter
ZSE shares rally as Industrials races past 200 mark
ZSE shares rallied in midweek trades with Industrials closing above the 200.00 mark for the first time since January but daily turnover stayed below the psychological $1 million level.Volumes...Published: 08 May 2013 at 11:09hrs | | by Business reporter
ZSE shares advance but trading volumes remain weak
ZSE shares advanced on Tuesday with the Industrials drifting towards the 200.00 mark for the first time since dollarisation albeit in thin volumes as most investors stayed on the sidelines despite a r...Published: 07 May 2013 at 13:48hrs | | by Business reporter
Industrials little changed as activity slowed ahead of Workers Day holiday
ZSE's Industrials were little changed on Tuesday, the last day of the month, as activity slowed ahead of Workers Day holiday tomorrow.Gains in heavyweight counters ...Published: 30 Apr 2013 at 12:49hrs | | by Business reporter
ZSE shares rise as govt denies amending the Indigenisation Act
ZSE shares stayed in the positive territory on Thursday after Indigenisation minister Saviour Kasukuwere dismissed reports that the Indigenisation Act was being amended to provide for payment of share...Published: 25 Apr 2013 at 12:30hrs | 1 | by Business reporter
ZSE:- Innscor sustains Industrials at week's opening
Gains in Innscor helped the Industrials manage modest gains on Monday as telecoms blue chip Econet continues to falter....Published: 15 Apr 2013 at 10:01hrs | | by Business reporter
ZSE shares rebound as heavyweights trade mixed at week's end
ZSE's heavily capitalised counters traded mixed on Friday with gains in Delta, Natfoods and ...Published: 12 Apr 2013 at 09:56hrs | | by Business reporter
ZSE:- Econet, Innscor drag Industrials lower
Losses in heavyweights Econet and Innscor dragged the Industrials lower for the second straight session on Thursday wipi...Published: 11 Apr 2013 at 11:12hrs | | by Business reporter
ZSE;- Industrials stays firmer as Minings stutters amid improving activity
ZSE's Industrials looked firmer on Tuesday after 13 counters managed gains against 3 that traded lower as buyers trooped back to the market while overall activity improved with shares worth $3,456 mil...Published: 09 Apr 2013 at 12:20hrs | | by Business reporter
ZSE:- Industrials advances on gains in selected heavyweights
Industrials stayed in the positive territory on Thursday sustained by gains in selected heavyweights while inactivity in the resources sector saw the Minings Index...Published: 04 Apr 2013 at 12:56hrs | | by Business reporter
ZSE shares rebound as turnover rises to $3.2 million
ZSE shares registered their first gains for the month of April on Wednesday following remarkable gains in Innscor, Natfoods ...Published: 03 Apr 2013 at 10:53hrs | 1 | by Business reporter
ZSE: Industrials lose steam as heavyweights remain weak
ZSE's Industrials remained in the negative territory on Tuesday dragged down largely by losses in Delta, Innscor and Hippo as activity slowed down with just 20 counters recording trades compared with ...Published: 19 Mar 2013 at 11:21hrs | | by Business reporter
ZSE:- Industrials logs 4th straight loss ahead of referendum weekend
ZSE shares remained largely in the negative territory for the 4th consecutive session on Thursday ahead of the Constitutional referendum scheduled for this Saturday, which will pave way for the genera...Published: 14 Mar 2013 at 11:54hrs | | by Business reporter
ZSE: Industrials continues to slide as activity improves
ZSE's mainstream Industrials continued to fall in midweek trades but activity improved across the board with a total of 43 counters recording trades out of the active 69 compared with just 29 that tra...Published: 13 Mar 2013 at 12:47hrs | | by Business reporter
ZSE Market Report:- Industrials rebounds at week's end
ZSE's Industrials were back in the positive territory on Friday after gains in Delta managed to cancel out losses in Econet and Innscor.The Industrials Index...Published: 08 Mar 2013 at 10:40hrs | | by Business reporter
ZSE:- Delta, Innscor snap Industrials' 4-day rising streak
A raft of selling pressure in Econet and market reaction to Innscor's below expectations December interims saw the Industrials snap its 4-consecutive day rising streak in Thursday's trades.The...Published: 07 Mar 2013 at 10:43hrs | | 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....Published: 05 Mar 2013 at 04:39hrs | | by Business Reporter
Delta drags Industrials further down amid renewed interest in selected blue chips
A 4% loss in Delta dragged the Industrials further down on Tuesday despite renewed interest in selected heavyweights.The Industrials Index lost 0.44 poi...Published: 26 Feb 2013 at 12:19hrs | | by Business reporter
ZSE:- Delta, Innscor weigh on Industrials at week's opening
Heavyweights Delta and Innscor led the Industrials lower at week's opening largely on profit taking after a strong start to the New Year.The Industrials Index...Published: 11 Feb 2013 at 10:24hrs | | by Business reporter
ZSE:- Industrials halts 2-day slide to post marginal rebound
ZSE's Industrials halted a 2-day slide to post a modest rebound at week's end after mixed gains across the board cancelled out losses in blue chips Innscor and OK Zimbabwe.The Industrials look...Published: 08 Feb 2013 at 10:32hrs | | by Business reporter
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