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 fina...

Chiwenga warns Innscor

A TENSE meeting between President Emmerson Mnangagwa and Innscor Africa shareholders over allegations of fuelling currency volatilities rocking the market had a chilling effect after Vice-President Co...

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 approva...

Dairibord-Dendairy merger talks still on

Dairibord Zimbabwe, the country's largest dairy processor, discussions with unlisted fellow industry player Dendairy over potential acquisition and merger of the two's operations. Market analy...

Mnangagwa disappointed with local firms

PRESIDENT Emmerson Mnangagwa said he was disappointed by the behaviour of local manufacturers who abused laws meant to protect them from cheap imports, by holding the market at ransom.Speaking...

Mnangagwa opens PROdairy plant

President Emmerson Mnangagwa is officiating at the official opening of PROdairy plant at the Ruwa Industrial Park, near Harare, this afternoon.The plant started operations in May 2017, produci...

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...