Border Timbers on the rebound

Border Timbers on the rebound

By Ndafadza Madanha BORDER Timbers says production is up 16 percent for the five months ending November 2017 buoyed by improved and stable log supply. Finance director Lysius Karimanzira said demand for the company products had resulted in a 31 percent increase of turnover. “Performance for the five months to November 2017 is very encouraging the company is on a positive trajectory and we believe the trend will continue. Demand for the company’s two main products namely Poles and Lumber remains very strong in the region. Production volume is 16…

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Biti slams Zimdollar talk …says Bond notes should be demonetised

Biti slams Zimdollar talk …says Bond notes should be demonetised

By Daniel Chigundu FORMER Finance and Economic Development Minister Tendai Biti has warned those talking of the return of the discarded Zimdollar that economics is different from chanting political party slogans. Some sections in Zanu PF are of the idea that returning the much dreaded Zimdollar could be the right step in solving the current economic situation obtaining in the country owing to the liquidity crisis. Zimbabwe which adopted the multi-currency system in 2009 is facing its worst financial challenge since independence fronted by a crippling cash crisis. The cash…

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