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*RTG lost $800 000 following protests against Mphoko's stay at Rainbow Towers* https://www.pindula.co.zw/2017/05/05/rtg-lost-800-000-following-protests-mphokos-stay-rainbow-towers/?article In an interview with NewsDay, RTG group chief executive officer, Tendai Madziwanyika said they lost $800 000 after booking cancellations, following protests led by Sten Zvorwadza against Vice-President Phelekezela Mphoko’s continued stay at Rainbow Towers. The group’s loss amounted to $4,7 million following retrenchment and separation costs ($0,6 million) and impairment costs related to discontinued operations ($0,5 million). In 2015, the group suffered a loss of $29 000 while revenue in 2016 declined by 11% to $24,1 million in 2016. Madziwanyika also pointed out that the introduction of bond notes also affected them as companies started stopping travels to see where the economy was going. More: NewsDay ---------- *Latest itel A70* - now available on Pindula 128GB storage, 8GB RAM *$89 Cash on Delivery.* _We deliver in Harare and Bulawayo everyday between 9am and 4pm_ also available on Zero Deposit to Civil Servants and Pensioners. WhatsApp: 0️⃣7️⃣7️⃣2️⃣ 4️⃣6️⃣4️⃣ 0️⃣0️⃣0️⃣ ---------- *Featured Products* *Follow our Pindula Channel on:* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v
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