BUSINESS NEWS

Natfoods re-opens Mutare milling plant

National Foods Limited will this week re-open its Mutare maize milling plant as it seeks to meet the growing demand of maize meal, a senior official said yesterday. The plant with capacity to mill 9 4...

By Staff reporter | Published: 08 January 2019

INDUSTRIALS & ENERGY

GMB eating our lunch, NatFoods complains

NATIONAL Foods Holdings Limited board chairman, Todd Moyo, has expressed concern over the Grain Marketing Board's (GMB) participation in the local commercial maize meal market.National Foods last week...

By Staff reporter | Published: 22 March 2018

INDUSTRIALS & ENERGY

National Foods to dispose of $3.7m properties

NATIONAL Foods Limited will within the next six months dispose of properties valued at $3.7 million that are non-core to the business comprising buildings and land.Board chair, Mr Todd Moyo, said this...

By Staff reporter | Published: 19 March 2018

INDUSTRIALS & ENERGY

Natfoods ploughs $36m into capex

Zimbabwe Stock Exchange-listed grain and cereals milling giant, National Foods Limited, says it has invested a cumulative $36 million towards process improvements to enhance operational efficiencies s...

By Staff reporter | Published: 19 January 2018

INDUSTRIALS & ENERGY

National Foods ready for food fortification

NATIONAL Foods is ready to adopt and roll out government's food fortification initiative as soon as it gets the nod from relevant authorities, a top company official has said.Speaking on the sidelines...

By Staff reporter | Published: 16 October 2017

INDUSTRIALS & ENERGY

Govt subsidy chokes Natfoods

NATIONAL Foods Holdings Ltd (Natfoods) has been negatively affected by the high price offered by the Grain Marketing Board (GMB) for maize, seeing its profit reduced to $13,7 million in the financial ...

By Staff reporter | Published: 02 October 2017

BUSINESS NEWS

CTC to block NatFoods merger

Innscor Africa Limited's plans to merge partial subsidiary companies, NatFoods and Profeeds are under threat following recommendations adopted by the Competition and Tariff Commission to block the dea...

By Staff reporter | Published: 28 July 2017

INDUSTRIALS & ENERGY

Cheap imports take toll on Natfoods volumes

NATIONAL Foods says milling volumes especially in the southern region are depressed due to the high volume of imports."We are making every effort to compete, however, our milling volumes in the southe...

By Business Reporter | Published: 04 June 2014

LANDS & AGRICULTURE

Natfoods profitability hit by expensive wheat

In a trading update the National Foods Limited CEO, Mr. Jerome Brookes highlighted that the first four months of trading has shown that turnover was up on prior year but profitability was lower due t...

By Staff reporter | Published: 13 November 2013

INDUSTRIALS & ENERGY

Natfoods shareholders approve share buy-back

Zimbabwe Stock Exchange listed grain processor and miller National Foods Holdings Limited shareholders have approved the group's plan to buy back at least 10 percent of its issued ordinary shares.The ...

By Staff reporter | Published: 12 November 2013

INDUSTRIALS & ENERGY

Natfoods profitability soars 29%

NATIONAL Foods Holdings Limited has registered a 29 percent compounded annual growth in underlying profit before tax over the last five years due, it believes, to the strength of its strategies and a ...

By Business Reporter | Published: 29 October 2013

INDUSTRIALS & ENERGY

NatFoods plans massive recapitalisation

Zimbabwe Stock Exchange (ZSE) listed diversified conglomerate, National Foods says it is set to inject close to $7 million on capital expenditure as part of efforts to improve the operations of the ma...

By Staff reporter | Published: 06 September 2013

INDUSTRIALS & ENERGY

Natfoods in $13,9 million profit

National Foods Holdings recorded an after tax profit of $13,9 million for the year ended June 30, 2013, an increase of 76 percent from the prior year due to an increased in capacity utilisation as the...

By Business reporter | Published: 05 September 2013

INDUSTRIALS & ENERGY

Innscor faces penalty for not giving notice of NatFoods acquisition

Innscor Africa faces a penalty from the Competition and Tariff Commission for not giving notice of its intent to acquire a majority stake in National Foods. The commission noted during a stakeholder...

By Business reporter | Published: 10 June 2013
Pages:
1

Latest News

Latest Published Reports

Latest jobs