Raynold Mhotseka, Author at Equity Axis

Revenue for the period under review stood at US$194.6 millionGross profit margin was impacted by the significant increase in the stripping ratioPGM...

Loan book growth spurs FCB’s income

Total income increased by 86% in inflation adjusted terms to ZWL253m from ZWL136mOperating expenses expanded 20% to ZWL166m“Due to the lockdown non...

Mashonaland Holdings executive crosses floor

Ndangariro Mutizwa appointed Finance Director of DawnAssumes office with effect from 18 May 2020 Harare - Ndangariro Mutizwa...

New lettings propel FMP’s FY 2019 occupancy rates

Occupancy rates grew to 85.7%Arundel Office Park extension still at preconstruction stageCompany is focusing on driving rental growth, managing operating and maintenance...

Lafarge paints gloomy picture for Q2 performance

Q2 volumes expected to decline by 30%Net effect will be constrained aggregate demand in the core individual homeQ1 volumes 3% above budget

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PGM basket price increase spurs Tharisa’s HY 2020 revenue growth May 23, 2020
Revenue for the period under review stood at US$194.6 million Gross profit margin was impacted by the significant increase in the stripping ratio PGM recovery was up by 1.8% Harare – Mining company, Tharisa plc’s revenue in the six months ended 31 March 2020 (HY 2020) grew by 16% compared to the prior comparable period. […]
Rumbidzai Goredema
Loan book growth spurs FCB’s income May 20, 2020
Total income increased by 86% in inflation adjusted terms to ZWL253m from ZWL136m Operating expenses expanded 20% to ZWL166m “Due to the lockdown non funded income for quarter two is expected to decline by c15%, whilst costs are also expected to increase…” Harare – First Capital Bank’s total income increased by 86% in inflation adjusted […]
Raynold Mhotseka
Mashonaland Holdings executive crosses floor May 20, 2020
Ndangariro Mutizwa appointed Finance Director of Dawn Assumes office with effect from 18 May 2020 Harare – Ndangariro Mutizwa a former executive at real estate company Mashonaland Holdings, has crossed the floor to a competing industry player barely a few months after his appointment. In an announcement to shareholders rival listed concern Dawn Properties announced […]
Caroline Chikerema
New lettings propel FMP’s FY 2019 occupancy rates May 20, 2020
Occupancy rates grew to 85.7% Arundel Office Park extension still at preconstruction stage Company is focusing on driving rental growth, managing operating and maintenance costs Harare – First Mutual Properties (FMP) registered an improvement in occupancy rates in the year ended 31 December 2019 (FY2019) compared to the prior comparable period. In a statement accompanying […]
Rumbidzai Goredema
Lafarge paints gloomy picture for Q2 performance May 20, 2020
Q2 volumes expected to decline by 30% Net effect will be constrained aggregate demand in the core individual home Q1 volumes 3% above budget Harare – Lafarge Cement Zimbabwe limited anticipates the coronavirus to impede on its second quarter performance in 2020 as many economic activities continue to be at a standstill. In a trading […]
Caroline Chikerema
Hwange’s machinery in the ruins as forex shortages bite May 19, 2020
The Company is currently on an export drive to improve export earnings, albeit logistical challenges Production volumes for Q1 2020 increased by 50% compared to same period in 2019 The sales volumes however decreased by 33% for the same period Harare – Hwange Colliery Company Limited (HCCL) is struggling to replace its machinery due to […]
Raynold Mhotseka
Mashonaland Holdings occupancy levels rise in Q2 May 19, 2020
Occupancy levels grew to 79.2% Rental income increased by 44% Property expenses were 17% down Harare – Listed property concern, Mashonaland Holdings posted a growth in occupancy levels in the second quarter ended 31 March 2020 compared to the same period in the prior year. In a trading update Mash Holdings said occupancy levels during […]
Caroline Chikerema
Proplastics projects improved volumes and output performance as new factory is completed May 19, 2020
Vast improvement in operational efficiencies is expected The Group has managed to clear all production backlogs Exports drive expected to grow volumes and generate forex Harare – Proplastics, Zimbabwe’s leading plastic pipes and fittings manufacturer forecasts an improved volumes performance following the completion of its new factory. In a statement accompanying the Group’s financial results […]
Rumbidzai Goredema
Zimbabwe platinum output steadily increases in Q1 2020 May 18, 2020
Output stood at 118 000 ounces Supply projected to contract by 4% in 2020 Global supply down by 6% Zimbabwe registered a steady growth of platinum production in the first quarter of 2020 compared to the same period in the prior year. According to a quarterly platinum by the World Platinum Investment Council (WPIC), Zimbabwe […]
Caroline Chikerema
COVID-19 hits listed companies May 18, 2020
FBCH expects its 2020 financial performance to be adversely impacted by the virus The selling and distribution of Turnall’s products has been curtailed by the restriction of movement Meikles believes the Group will progress in a satisfactory position of financial strength and profitability in the future Harare – With over 4.5 million cases of COVID-19 […]
Rumbidzai Goredema

Raynold Mhotseka

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