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Revenues for Brainworks head north as they slice away dead matter

Brainworks Limited (JSE:BRA) hotels, property and logistics business in Zimbabwe has seen real estate revenues rise and occupancy at its hotels also improving.
Brainworks CEO Brett Childs speaks to Proactive London from Harare in Zimbabwe to bring investors up to date on the recent changes at the company that have catalysed this momentum; including slicing away their financial services play which has in turn propelled them away from losses. Answering questions about currency fluctuations in country, Childs said: “Despite Zimbabwe’s economic and political headwinds and the current currency reforms, the group has done exceptionally well for the year under review."

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Brainworks wants to build hotels again in Zimbabwe, says CEO Childs

Brett Childs, Brainworks Ltd (JSE:BRA) chief executive, tells Proactive he is looking to build up the number of hotel beds it owns in Zimbabwe to meet a rush of tourists. Hotel occupancy jumped 20% in its normally quiet first half and Brainworks now sold its financial services business to...

on 18/9/18

2 min read