Financial services provider, BancABC is pursuing a branchless approach to become a top services provider after revealing plans to replace most of its manual services with digitalisation. The develop
Nov 30, 2022
Harare- Zimbabwe Stock Exchange (ZSE)-listed diversified investment outfit, Meikles Zimbabwe Limited has posted strong financial results across all units despite having encountered setbacks from the a
ZSE-listed hospitality service provider, Rainbow Tourism Group’s (RGT) revenue grew 309% to ZW$21.4 billion, up from ZW$5.2 billion in the comparative period prior year as hotel room occupancy more th
Harare – Zimbabwe Stock Exchange (ZSE) listed manufacturer and supplier of agriculture, mining and construction implements, Zimplow Holdings, posted an 11% increase in revenue for the third quarter en
Zimbabwe Stock Exchange (ZSE) listed manufacturer and supplier of roofing and building materials, Turnall Holdings, recorded a 13% increase in revenue in inflation-adjusted terms and a 282% surge in h
The loan-to-deposit ratio (LDR) has remained relatively low for the past three years for Zimbabwean commercial banks averaging 45 percent over the period against an international threshold level of 70
ZSE-listed rubber and chemicals manufacturer, General Belting Holdings Zimbabwe Limited lamented the operating environment which continues to be tough, despite government reiterating about growth pro
ZSE-listed concern, Border Timbers’ revenue grew 23% to ZW$2.2 billion, up from ZW$1.8 billion in the comparative period prior year despite volumes sold and production volumes for poles paring 68% and
Harare- ZSE-listed company, RioZim Limited saw its production significantly hampered during the quarter due mainly to power supply challenges. Power outages took up to 30% of the available production
Due to the ongoing impact of hyperinflation on the Zimbabwean economy, the company has to exclude the results of the Zimbabwe business from adjusted headline earnings. The Group headline earnings for
Leading clothing retail outlet, Edgars Zimbabwe Limited has introduced United States dollars (US$) credit sales for its customers as it battles to survive the aggressive monetary measures introduced b
Diversified technological group, EcoCash Holdings Zimbabwe Limited narrowed after tax loss incurred during the half-year ended 30 September 2022 by a whopping 81% to ZW$506 million from ZW$2.6 billio
With a greater capacity to access US dollars with a "dollarized" financial sheet, National Foods will be better able to raise cash. The potential for the VFEX to develop into a regional exchange incre
Stanbic Bank is this month celebrating 30 years of service provision which has seen the leading financial services institution contributing significantly to the socio-economic growth of Zimbabwe and t
The Bakery Division experienced a marginal drop in comparison to the comparative quarter. This was propelled by the Russia-Ukraine war which made global wheat prices surge. Recently prices of wheat ha
Tobacco Processor, BAT Zimbabwe's financial performance for the nine months ending 30 September was severely influenced by a lack of local currency, which was exacerbated by the government's stringent
The other factor that led to the low volume of sales and revenue also has to do with the roof collapse the company experienced which suppressed the availability of cement.
ZSE- listed, Innscor Limited subsidiary, National Foods Limited recorded unpleasing Q3 volumes accusing the recent unusual presiding fiscal and monetary stance. The food processing company was greatly
ZSE-listed company First Mutual Properties posted aminimalistic update for the quarter. Many descriptive statistics and financial line items such as cash generated from operations, and financial perfo
