ZIMPLOW Holdings (Zimplow) says an increase in exports at one of its units is paying off after registering strong growth as demand on the domestic market remains depressed. (more…)

TONGAAT Hulett (Tongaat) says land expropriated at its Zimbabwe operation resulted in an unexpected R4 billion write down bringing total write downs for the year to March 2019 to R11,8 billion, in a restatement of its results after an audit unearthed accounting malpractices. (more…)

REGIONAL sugar producer Tongaat Hulett (Tongaat) says it will investigate its former and current managers after an audit unearthed an accounting scandal at its Zimbabwean unit. (more…)

NATIONAL Foods (NatFoods) says sales in the quarter to September were 36 percent below the same period last year as consumer spending remained constrained in the face of resurgent inflationary pressures. (more…)

PRETORIA Portland Cement (PPC) says the application of hyper-inflation accounting on its 70 percent-owned Zimbabwean unit is expected to increase credit losses to US$23,68 million. (more…)