The Tobacco Industry Marketing Board (TIMB) has de-registered 37 000 growers from producing tobacco this year on strong suspicion of side-marketing last season after they failed to deliver at any tobacco auction and contract selling points. The move has been taken to protect the industry from
Tobacco processor, British American Tobacco (BAT) is expecting a significant drop in volume output in second quarter (Q2) of 2020 owing to disruptions on its operations in the current period as the nation observed Covid-19 lock-down rules. This is despite good fortunes during the first three
Zimbabwe Stock Exchange-listed cigarette manufacturer, British American Tobacco (BAT) Zimbabwe suffered major decline in production volumes owing to low product uptake and high operating costs but still managed to achieve a profit position, the company’s latest trading performance for the nine months to September 30
Tobacco growers are skeptical of the newly introduced payment systems at various tobacco auction floors, a development that has triggered a wait-and-see approach by most producers who are now withholding their produce, 263ChatBusiness has established. Farmers are being paid 100 percent of their proceeds in RTGS Dollars
Zimbabwe Stock Exchange listed company British American Tobacco Zimbabwe (BAT)'s contribution to the Zimbabwe Revenue Authority in taxes increased from US$32.5 million in 2016 to US$35.2 million in 2017, representing an 8.3% increase. Addressing shareholders in the capital today, the group Chairman Lovemore Manatsa said the group
Strong sales performance has boosted revenue for the Zimbabwe Stock Exchange-listed company, British American Tobacco Zimbabwe (BAT) for the year ended December 2017 after realizing US$2.7 million- 8% higher than the prior year. According to the group chairperson, Lovemore Manatsa, gross profit was also 8% up as
Giant cigarettes manufacturer, British American Tobacco Zimbabwe (BAT), continue to lead the cigarette industry despite sales volumes declining by 21% for the year ending 31 December 2016. BAT Chairman, Lovemore Manatsa blamed the decline in sales volumes to the constrained economic environment remained which was characterized
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