Building materials company Turnall updates on first-quarter reveals that sales volumes went up by 21%, largely driven by improved sales of concrete tiles.
It seems, building product shortages that dogged the group last year are now a thing of the past.
Apparently, construction company Masimba says despite the “unstable economic environment” in the first quarter of 2024, turnover grew 25% to US$14.3m.
Business was driven by contracts in roads, earthworks, mining and energy. The company made a US$2.6m profit (Q1 2022: US$1m).
Recently, the company forecast slower business in 2024; drought may slow down Govt contracts as mines shelve projects due to lower metal prices.
Meanwhile, for many Zimbabweans it appears they are investing in the property sector which appreciates value with time.
The local currency has for long failed to act as a store of value, hence the move to invest in properties.
Zwnews
Kaizer Chiefs coach Cedric Kaze has urged patience and composure after the club’s poor run… Read More
Kaizer Chiefs have suffered a major setback with two experienced players injured. Both Brandon Petersen… Read More
Premier Soccer League giants Kaizer Chiefs have reportedly set their sights on Nigeria international goalkeeper… Read More
Kaizer Chiefs’ preparations for the Soweto Derby were severely disrupted before kick-off, a reality that… Read More
Kaizer Chiefs registered a second successive victory in the CAF Confederation Cup group stages after… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through … Read More