13 C
Harare
Tuesday, May 26, 2020
Proactive strengthening of balance sheets with deleveragingDebt factoring through SPVs or through financiersSystemic risk assessment “On the morning of Friday 18 July 2009, Hloni Matsela, managing director of Botswana’s biggest brewer, nearly fell off his chair. The radio was broadcasting a speech recorded...
Chartered flights to transport unprocessed metals from African minesFidelity Printers which then sells its gold to South Africa’s Rand RefineryGold is one of Zimbabwe’s largest forex earners South Africa’s Rand Refinery has turned to chartered flights to transport unprocessed metals from African mines...
Overall volumes seen dipping by an average of 80% in AprilZimbabwe volumes came off by about 75% in AprilOverall volumes for the year to March eased by circa 20% Regional cement maker, PPC which is dual listed on the ZSE...
*Edgars to commence rescue proceedings *R2 billion worth of revenue lost on account of the nationwide lockdown *Edgars has been grappling with working capital issues in recent years Battered South African retailer Edcon, which owns Edgars and...
Declared dividend despite initial cautionDividend to be paid on 20 May 2020Consolidated cash position on April 24 2020 was $14.1 million Harare - Blanket Mine parent, Caledonia Mining Corporation has declared a dividend of seven and a half United States cents (US$0.075) on...
Sustained economic recession forecastedPoverty levels seen escalating to half of total population Harare - Grappling with an adverse economic situation characterized by acute foreign currency and fuel shortages, blight power outages and a devastating local currency that is fast devaluating by over 90%,...
Fall in remittances attributed to fall in wages and employment for migrant workersGlobal remittances expected to go down by 20%World Bank is working with global community to reduce remittance costs Harare – Remittances in Sub-Saharan Africa (SSA) are projected to decline by 23.1...
Senegal developed test kits using existing technologythe kits are the lowest priced globally and allow for scaled-up testingthe rate of tests is still very low globally heightening risks for rushed economic reopening As the world grapples with the health costs of coronavirus containment,...
NPL ratio dropped to 0.1%Balance sheet remained well capitalizedIncurred a loss of ZWL133.9 million Harare - Standard Chartered Bank Zimbabwe Limited recorded a mixed performance for the year ended 31 December 2019 due to a turbulent business operating environment characterized by acute foreign...
Exports turnover improved to ZW$10.5 million contributing 5% to total revenueTurnall started moving its products to Mozambique and South Africa.Turnall upgraded its fibre cement line to increase capacity and efficiency Listed asbestos manufacturer Turnall has over the past couple of years made efforts to...