Turnall Holdings posts $8.5 million turnover

Turnall Holdings posts $8.5 million turnover

By Natalie Chiwomadzi TURNALL Holdings Limited says it has posted a turnover of $8.5 million in the first quarter despite constraints in sales. The constraints are as a result of the liquidity challenges being experienced in the economy. Speaking during the company’s annual general meeting, managing director Roselyn Chisveto said the turnover is 25% above what was realised in the same period last year. “The company posted a turnover of $8.5 million for the first quarter which is 25% above the previous turnover of $7.0 million. “The sales were negatively…

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Lafarge considering US$25m capex investment

Lafarge considering US$25m capex investment

By Daniel Chigundu STOCK Exchange listed concern Lafarge Cement Zimbabwe says it is considering a US$25 million capex investment in a bid to double production capacity. The decision to expand is being driven by growth in product demand in 2018 due to the commissioning of key projects by the government and the private sector as well as housing projects in various suburbs across the country. Addressing analysts at the company’s 65th annual general meeting, Lafarge Cement Zimbabwe chief executive officer Kaziwe Siame Kaulule said the demand has remained hence the…

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