Hospitality giant Rainbow Tourism Group Limited (RTG) is set to make its first foray into the South African market with the planned acquisition of a prime commercial property in Cape Town. The deal, valued at approximately ZAR98 million (around US$5.6 million) involves RTG’s South African-registered subsidiary
Local advertising agency Tatu marked its 20th anniversary with a celebration in Harare, showcasing its journey of innovation, resilience, and transformation in a challenging industry. Founded in 2004, Tatu entered an industry dominated by well-established advertising firms. Through innovative leadership and a diverse team, it carved
Rainbow Tourism Group (RTG) posted a 90 percent profit growth (historical) for the full-year ended December 2022 on the back of improved occupancy at its hotels and a general uptick in operations. Business operations across all segments have outpaced pre-pandemic levels. In its FY-22 results, the group
Hospitality giant, Rainbow Tourism Group (RTG) managed to double hotel occupancy during the nine months to September resulting in the group returning to profitability after enduring a tough two years since the start of the COVID-19 pandemic. The group achieved a profit before tax for the
Harare businessman, Herbert Nkala has taken over chairmanship of the Zimbabwe's retail giant, OK Zimbabwe following the retirement of David Lake, the company has announced. “Following the retirement of David Lake, the board is pleased to announce the election of Mr Herbert Nkala as the new
Rainbow Tourism Group (RTG) could soon lose some of its properties, including Bulawayo Rainbow Hotel following the company's failure to settle a $16.4 million loan from the National Social Security Authority (NSSA). RTG Group Chief Executive Officer, Tendai Madziwanyika, said the principal NSSA loans fell due
Zimbabwe Stock Exchange listed hotel group, Rainbow Tourism Group (RTG) has launched a new service, RTG Gateway linking customers to different services including hotels and restaurants across the country. The Application ,which is only available on the App Store for iOS devices, offers a portfolio of
The Minister of Tourism and Hospitality Industry, Dr Walter Mzembi is leading a Zimbabwe delegation, comprising of 15 companies to the International Travel Bourse (ITB) to be held in Berlin, Germany. The expo which has attracted over 185 countries will run from 8 March to 12
Zimbabwe Stock Exchange listed hospitality company, Rainbow Tourism Group (RTG), recorded a loss of US$3 million for the half year ended 30 June 2016 compared to US$ 1.9 million for the same period last year. In a statement accompanying the financial results, RTG chairperson, John Chikura,
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