BATZ secures shareholder backing as profits surge
via NewsDay Zimbabwe1 hour ago1 min read
BATZ has received shareholder approval following a significant increase in profits. This development comes amidst various economic and political updates in Zimbabwe, including Zimra tightening import regulations, a proposal to segregate trucks sparking debate, and 300,000 farmers set to benefit from chilli production. Tobacco sales have reached US$74 million, while the Karo Platinum Project is on track for 2027 production, with open-pit clearing and infrastructure works progressing. ART operations have been affected by power outages and raw material shortages, leading to declines in export and paper division volumes. Stanbic is connecting Zimbabwean farmers with Chinese buyers to boost exports, and Afreximbank has committed US$11 billion to South Africa, signaling a new trade order. Concerns are also rising among farmers due to a predicted Super El Niño.
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Original source
This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
