Raynold Mhotseka, Author at Equity Axis

Reduction in consumer demand anticipatedDisruptions to Group’s supply chain likely British American Tobacco Group anticipates a significant adverse material impact...

COVID-19 disrupts Zim’s gold supply chain, buyer suspends shipments

Rand Refinery fails to secure commercial flights to UKRand Refinery suspends shipmentsGold contributed 37% to Zim’s 2019 forex receipts

Zambia suspends mineral import duty as means to curtail the impact of COVID-19

Suspension of import duty on mineral concentratesThis follows SA’s lockdown which will disrupt copper supplyZambia’s mining sector dipped by 12.3% in 2019

BAT Zimbabwe’s parent reports 6% revenue growth in 2019

Revenue increased by 5.7%Sub-Sahara revenue grew by 3.6%Profit for the group however decreased by 2% Harare - Cigarette and...

Multilateral lenders scale up efforts to fight COVID-19

AFDB gives $3 billion debtWHO Director urges nations to implement aggressive measures to fight the coronavirus Harare - The...

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BAT Group anticipates poor results if COVID-19 persists March 27, 2020
Reduction in consumer demand anticipated Disruptions to Group’s supply chain likely British American Tobacco Group anticipates a significant adverse material impact to its business if the coronavirus continues to affect key geographies or if the situation deteriorates for an extended period. The Group said it continues to monitor developments closely as the COVID-19 pandemic develops […]
Rumbidzai Goredema
COVID-19 disrupts Zim’s gold supply chain, buyer suspends shipments March 27, 2020
Rand Refinery fails to secure commercial flights to UK Rand Refinery suspends shipments Gold contributed 37% to Zim’s 2019 forex receipts Zimbabwe’s gold exports have come under threat after South Africa’s Rand Refinery suspended its gold exports to the UK upon failing to secure commercial flights to ship the mineral to London as the pandemic […]
Eben Mabunda
Zambia suspends mineral import duty as means to curtail the impact of COVID-19 March 27, 2020
Suspension of import duty on mineral concentrates This follows SA’s lockdown which will disrupt copper supply Zambia’s mining sector dipped by 12.3% in 2019 Harare – Zambia will suspend import duty on mineral concentrates and value added tax on imported spare parts to support the economy amid the global coronavirus pandemic. This comes at a […]
Caroline Chikerema
BAT Zimbabwe’s parent reports 6% revenue growth in 2019 March 27, 2020
Revenue increased by 5.7% Sub-Sahara revenue grew by 3.6% Profit for the group however decreased by 2% Harare – Cigarette and tobacco manufacturing company, British American Tobacco (BAT), recorded a strong performance for the year ended 31 December 2019. In the annual report publication, the company indicated that revenue grew by 5,7% to £25,877 million […]
Caroline Chikerema
Multilateral lenders scale up efforts to fight COVID-19 March 27, 2020
AFDB gives $3 billion debt WHO Director urges nations to implement aggressive measures to fight the coronavirus Harare – The African Development Bank has joined the wagon of public lenders inclusive of the World Bank, AFREXIM and International Monetary Fund in ramping up efforts to raise financing to help combat the devastating impact of the […]
Caroline Chikerema
Has Zimbabwe just redollarised? March 27, 2020
RBZ has relaxed policy and now allows trade in foreign currency A hard peg has been instituted and the consequences are dire for the economy We see the measures as a policy indication towards full redollarisation Failure to move completely to redollarisation will cause even more harm to the economy The RBZ on Thursday announced […]
Respect Gwenzi
ZSE investors dump stocks for cash as #COVID19 hits March 26, 2020
Indices slump in Thursday session Investors are opting for liquidity Truworths led the fallers of the day after letting go 19.78% It was a bloodbath in Thursday’s session as all indices closed in the red. The mainstream All Share Index dropped 2.80% to 466.94pts while the Industrials slumped 2.75% to end at 1548.73pts, in a […]
Eben Mabunda
LAFARGE Zambia & Zimbabwe operations affected by COVID19 March 26, 2020
Lafarge Zambia postpones AGM indefinitely Zimbabwean counterpart reschedules results publication Several LUSE firms postpone AGMs, results ZSE limits trading hours As the pandemic takes its toll with nearly half a million confirmed cases globally, Africa now has just below 2500 confirmed cases. Zimbabwe has 3 while Zambia has recorded 12 cases to date. It is […]
Eben Mabunda
COVID-19 buttered Old Mutual stock corners Zim government March 26, 2020
OMIR implied rate increased due to sharper JSE losses ZSE losses were deep but cut short The OMIR is expected to remain adverse in Zim’s disfavour The adverse movement in Old Mutual’s shares on the JSE in line with the global equities selloff, following the outbreak of coronavirus, has reduced the effectiveness of the government […]
Caroline Chikerema
Arcturus Mine goes on lockdown on COVID-19 March 26, 2020
Illegal occupants of mine’s houses to be relocated Arcturus mine Clinic set to reopen The mine will be closed to visitors Harare – TN Gold-Arcturus Mine is set to go on lockdown from the 27th of March 2020 so at ensure the safety of its occupants from coronavirus. The lockdown shall entail a number of […]
Rumbidzai Goredema

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