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PPC consolidates shareholding in Zimbabwe unit
Cement manufacturer PPC has increased its shareholding in its Zimbabwean unit to 90% by repurchasing shares previously held by various indigenisation parties. The shares were repurchased at a price of...Published: 21 Sep 2023 at 06:16hrs | 2 | by Staff reporter
Zimbabwe banks punch above their weight, says report
ZIMBABWE'S banks are overvalued, trading above their historical average multiples as well as above comparable regional banks in more stable economic environments, research firm, IH Securities, said ye...Published: 01 Oct 2021 at 08:01hrs | 3 | by Staff reporter
No evidence that Masvingo death was linked to Covid-19 vaccine
A MARCH 5 report by TellZim on the death of a health worker, a week after he took a Covid-19 vaccine, caused social media speculation over vaccine safety.According to the report: "A Gutu healt...Published: 21 Mar 2021 at 08:40hrs | | by ZimFact
Chinese vaccines inject fear into West as Zimbabwe rejoices
The coming in of Covid-19 has highly exposed global vulnerability. The pandemic has left the whole world puzzled, without any amenable solution to the devastating effects. But the vaccination ...Published: 11 Mar 2021 at 06:16hrs | 2 | by Dylan Chiwawa
Adcock exits Zimbabwe
SOUTH African pharmaceutical group Adcock Ingram has exited the Zimbabwean market after disposing of its operating subsidiary for an undisclosed amount.The Johannesburg Stock Exchange (JSE)-li...Published: 08 Mar 2019 at 07:02hrs | 1 | by Staff reporter
Zimbabwe oil project progress encouraging
Independent oil and gas exploration company, Invictus Energy Limited, says it has made significant progress in its Cabora Bassa Project work programme for the quarter ending December 31,2018. ...Published: 28 Jan 2019 at 10:32hrs | | by Business Weekly.
Bloodbath at Hwange as Nicholas Van Hoogstraten jets in
The battle against the reconstruction of Hwange colliery has taken another twist as the second largest shareholder Nichola Van Hoogstraten has landed in the country and is set to appear before the Par...Published: 03 Dec 2018 at 07:08hrs | 1 | by Mandla Ndlovu
ZB Bank trade profitability continues
ZIMBABWE'S ZB Bank, continues to trade profitably and is ahead of its year-to-date budget projections, group chief executive officer Ronald Mutandagayi has said.Ron MutandagayiAddressing deleg...Published: 06 Aug 2018 at 07:26hrs | | by Staff reporter
More externalised funds coming
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says more individuals and companies continue to heed Government's call to repatriate funds salted away in prior years.The RBZ is next w...Published: 27 May 2018 at 10:06hrs | | by Staff reporter
Tongaat hails Govt for banning illegal sugar imports
Tongaat Hullet's Hippo Valley Estates has hailed the Government for banning illegal sugar imports into Zimbabwe as these were going to have a serious negative impact on the local industry.This...Published: 18 Dec 2016 at 06:05hrs | | by Staff Reporter
ZHL bounces back to profitability
ZIMRE Holdings Limited has recorded a profit of $1,1 million for the half year ended June 30, 2015 attributed to a decline in net claims. The profit was achieved after a loss of $50 000 du...Published: 14 Sep 2015 at 06:49hrs | | by Staff reporter
Zimbabwe: Property investment has its risks
IT is a widely held opinion that real estate is one of the best asset classes for long term investors. For this reason most individuals aspire to own the house they live in and, if their means allow, ...Published: 06 Oct 2014 at 17:18hrs | | by Collins Rudzuna
Delta Corporation getting favourable rates on bank deposits
Cash-rich beverages maker, Delta Corporation Limited is getting favourable rates on deposits from the country's banking sector of between nine to 12 percent, against borrowing rates of eight percent a...Published: 23 Jan 2014 at 07:53hrs | | by Business reporter
Zimbabwe economy: Be afraid, be very afraid!
"BE AFRAID. Be very afraid!" is probably an apt warning for ordinary Zimbabweans as the economy continues to falter. All economic indicators are pointing at a troubled situation in months ahead unless...Published: 24 Nov 2013 at 12:42hrs | | by Chris Muronzi
African Sun trims revenue growth expectation
HARARE - African Sun is expecting revenue to rise by 8% in the year to September 2013, with EBITDA forecast at 12%, unchanged on last year, Group CE Shingi Munyeza told the AGM. At the briefing for F1...Published: 15 Mar 2013 at 13:06hrs | | by Business reporter
ZSE:- Heavyweights extend gains as Industrials rises again
ZSE's heavily capitalised counters conthued to trade higher on Tuesday to spur Industrials to their 3rd consecutive day uptrend.The Industrials Index ...Published: 05 Mar 2013 at 10:48hrs | 3 | by Business reporter
Delta Beverages beer sales up 23 percent
DELTA Beverages lager volumes grew by 23 percent propped up by its massive capital investment in capacity upgrades.The growth in Delta's lager volumes spurred overall volume growth for globa...Published: 19 Apr 2012 at 10:56hrs | 1 | by Nare Msupatsila
Truworths reports a decline in sales
Truworths interim results for 2012, showed a 9% decline in the top line to $12.5 million attributable to lower discretionary incomes in November and December due to late payment of civil servant bonu...Published: 06 Mar 2012 at 07:46hrs | | by Business reporter
OK Zimbabwe releases outstanding 2011 interim results
OK Zimbabwe's revenue generated for the half year grew by 61% compared to that achieved during the same period in 2010. Total overheads also increased, but by a comparatively lower percentage of 51%....Published: 23 Nov 2011 at 07:15hrs | 1 | by Ndou Paul
Delta Beverages posts strong interim results
Delta posted strong interim results for 2012 registering overall beverage sales volume growth of 23% to 3.4m hectalitres, driven by growth in lager (+30% to 0.9m hl), sparkling beverages (+33% to 0.6...Published: 10 Nov 2011 at 07:49hrs | | by Moyo Roy
Econet reports a robust set of interim results
Econet reported a robust set of financials showing attributable earnings of $74.3 million, up 15% year on year. The solid performance was driven by a 25% year on year subscriber growth, improved net w...Published: 04 Oct 2011 at 06:29hrs | | by Business reporter
Aged equipment blamed for Zimpapers interim loss
Zimpapers posted a lukewarm set of interim results showing a attributable loss of $1.4 million from a profit of $0.9 million the prior period. The poor performance can be attributed to high maintenan...Published: 30 Sep 2011 at 07:10hrs | | by Business reporter
Zimre Property Investments posts improved interim results
An improved set of interims from the property concern as the attributable earnings grew a massive 255% to $1.1 million on the back of an increase in average rentals. Revenue for the period jumped 53% ...Published: 09 Sep 2011 at 07:46hrs | 1 | by Business reporter
Major plant shutdown knocks Lafarge interim results
A depressed set of interims from Lafarge as the company had a major plant shutdown for two and a half months to facilitate refurbishment of its kiln coolers, cement milling plants, transport systems a...Published: 02 Sep 2011 at 07:37hrs | | by Business reporter
Interfresh reports a 32 percent revenue decline
A dire set of interim results from Interfresh, with the group reporting a 32% decline in the top line to $4.6 million. High finance costs of $743,166 worsened the attributable loss for the period to ...Published: 31 Aug 2011 at 09:14hrs | | by Business reporter
P.O.S.B records improved Interim results
THE People's Own Savings Bank posted a net profit of $2,1million for the half-year ended June 30, signifying a 29 percent increase from $1,6 million recorded in the prior comparable period.The...Published: 30 Aug 2011 at 17:40hrs | | by Moyo Roy
Trust Holdings posts a tepid set of Interim results
Trust Holdings posted a tepid set of interims showing an adjusted loss before tax of $2.9 million. Adjusted cost to income ratio deteriorated to 132% impacted by the re-opening of the banking unit. At...Published: 29 Aug 2011 at 07:43hrs | | by Imara
British American Tobacco release a stellar set of Interim results
For the interim period to 30 June 2011, BAT posted a stellar set of results driven by a 54% growth in domestic sales volume. Exports (cut rag sales) grew 54%. All this translated to a 88% sales growth...Published: 29 Aug 2011 at 07:41hrs | | by Imara
PGI posts lukeworm interim results
PGI posted a lukewarm set of results for the interim period, showing an attributable loss of $2.9 million. Due to change in year end prior year comparatives are not applicable. The increased activity ...Published: 26 Aug 2011 at 12:14hrs | | by Imara
Pearl Properties Limited - Interim Results to 30 June 2011
A satisfactory set of interims from Pearl, as management reported that the company is still in line to achieve a rental income target of $9 million and a targeted yield of 10% for FY 2011, driven by i...Published: 17 Aug 2011 at 08:52hrs | 3 | by .
ABC Holdings released a robust set of interim results
ABCH released a robust set of interim results showing a PBT of BWP 62.6m, up 84% year on year. The successful promotion of cheaper deposits boosted the Group's net interest margin to 10.2%. Ea...Published: 17 Aug 2011 at 08:47hrs | 3 | by .
Zimbabwe Dairibord posted a solid set of interim results
Dairibord posted a solid set of results for the interim period to 30 June 2011, showing a 27% growth in total sales volumes. The volume growth was buoyed by growth in liquid milks (+40%), foods (+42%)...Published: 16 Aug 2011 at 12:40hrs | | by .
Kingdom Bank funded income grows by 283 percent
Kingdom released a fair set of interim results showing a 51% year on year growth in attributable earnings to $2.3 million. Earnings growth was driven by the 283% growth in funded income on the back of...Published: 15 Aug 2011 at 09:20hrs | | by Nare Msupatsila
Africa Sun not renewing operating agreements for Johannesburg properties
African Sun Limited has issued a statement notifying shareholders that it has elected not to renew its operating agreements for both of the properties that it operates in Johannesburg, as highlighted ...Published: 04 Aug 2011 at 07:01hrs | | by Imara
Unki mine in Zimbabwe, one of Anglo America's growth points
ANGLO American Platinum (Amplats) has highlighted the Unki mine in Zimbabwe as one its growth points, but CEO Neville Nicolau remains tightlipped over how the group will meet Zimbabwean indigenisation...Published: 25 Jul 2011 at 12:29hrs | | by Moyo Roy
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