Simbisa brands to pursue dining restaurants

Simbisa brands to pursue dining restaurants

By Malcolm Meja  FAST food chain operator, Simbisa Brands, is looking to expand into the casual dining space after it recorded a 5% customer count decline in Zimbabwe. The Chicken Inn operator says it has identified significant market opportunities within its existing markets and food triangle for casual dining brands in the region and beyond. In a recent analyst presentation for the year ended June 2019, Simbisa said it would leverage its existing infrastructure to pursue opportunities to add casual dining brands to its portfolio. The firm reiterated that this…

Read More

BAT ZIMBABWE APPOINTS NEW MD

BAT ZIMBABWE APPOINTS NEW MD

BAT ZIMBABWE APPOINTS NEW MD  By Staff Reporter British American Tobacco (BAT) has appointed Kimesh Naidoo as its new General Manager, Business Connect has learnt. In a brief statement posted on the Zimbabwe Stock Exchange website, BAT said Naidoo has over 11 years experience. “The Board of Directors of British American Tobacco Zimbabwe Holdings hereby notifies its shareholders that Mr Kimesh Naidoo has been appointed as the Managing Director of British American Tobacco Zimbabwe with effect from 22 October 2019. “Mr Naidoo is a qualified Chartered Accountant with the South…

Read More

Hwange revenues soar 128%

Hwange revenues soar 128%

By Staff Reporter  Hwange Colliery posted a profit of ZW$3.5 million against a loss of ZWL$23 million recorded in 2018 for the half-year ended 30 June 2019. This was largely attributable to the company’s revenue, which increased by 128% from ZWL$30.5 million for the six months ended 30 June 2018 to ZWL$69.8 million for the period under review. On the operational front, Hwange noted that the contract miner stopped mining on or about 15 December 2018 and only resumed mining in August 2019. In addition, the company only resumed open…

Read More