BUSINESS NEWS

Redan restores fuel coupons value

REDAN Petroleum has given in to pressure and reversed its decision to debase fuel coupons following President Emmerson Mnangagwa's decision to hike fuel prices by 150% three weeks ago.The decision fol...

By Staff reporter | Published: 30 January 2019

BUSINESS NEWS

Redan given 72 hours to restore fuel coupons value

The decision by Redan Petroleum to debase fuel coupons following President Emmerson Mnangagwa's decision to hike fuel prices a fortnight ago has drawn fire, with lawyers demanding that the fuel distri...

By Staff reporter | Published: 25 January 2019

BUSINESS NEWS

Redan IT manager dies in car crash

An Information Technology manager with Redan Petroleum (Pvt) Ltd, Emmanuel Posherai, died in a head-on collision in Tanzania on Saturday evening. He was 32.Posherai had travelled to Tanzania to collec...

By Staff reporter | Published: 07 August 2017

INDUSTRIALS & ENERGY

Puma Energy seals Redan deal

Global fuel company Puma Energy has acquired a significant shareholding in Redan Petroleum for an undisclosed amount. Puma Energy head of media relations Ms Victoria Dix said in an e-mailed statement ...

By Business Reporter | Published: 04 December 2013

INDUSTRIALS & ENERGY

Redan plans to sell 60% stake to Puma Energy

LOCAL fuel retailer Redan Petroleum plans to sell 60 percent stake to Puma Energy, but the deal might face regulatory hurdles as the proposed shareholding structure would exceed the foreign shareholdi...

By Staff reporter | Published: 13 November 2013
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