26.3 C
Harare
Sunday, November 28, 2021
Global tourism business has been low as a result of COVID 19Domestic tourism has been the main source of business for the groupThe group is now engaged in creating promotional holiday packages to woo more local and regional customers. HARARE - Tourism and...
FDI to Sub-Saharan Africa decreased to US$12bnGlobal FDI flows fell by 49%In the first half of 2020, Zimbabwe received a paltry US$71mFDI flows to Africa are forecast to contract between 25% and 40% in FY2020 Harare - Foreign Direct Investment (FDI) inflows to...
The Victoria Falls Stock Exchange (VFEX) is set to go live in a few days but today the much-touted Exchange is launching. The launch comes a few days after the newly branded bourse announced a set of players that had been approved to participate on the...
Revenue rose to R1 861 millionCement volumes declined by 15% to 20%Sales volumes between July and September grew by 35% to 40% Harare – PPC Zimbabwe registered growth in revenue in the year ended 31 March 2020 in spite of a drop in...
Earnings per share expected to surge by 57%Increase attributed to stockholding gains and FX gains on operations Harare - Puma energy Zambia has issued an optimistic earnings guidance for the six months period to 30 June 2020 compared to the prior comparable period...
Registered a profit after tax of ZMW46.9 million from a loss of ZMW10.8 millionoperating profit before investment property revaluation registered increases of close to 8%The group gained ZMW114.8 million in fair value of investment property portfolio Harare - Real Estates Investments Zambia (REIZ)...
Cement sales volumes decreased by 9%Profit contracted by 72%high production costs due to Kwacha depreciation Harare - Zambia domiciled cement producer, Lafarge Zambia has not been spared from the impact of the COVID-19 pandemic as sales volumes were negatively affected for the half...
Both operations to be subsidiaries of Beta InternationalNew company planning to expand into Southern/Central African region in the new five yearsIntegration of both companies to take place over the next three months Harare – Beta Holdings, one of Zimbabwe’s largest brick and roof...
Occupancies dropped to an average of 38%Posted a net loss of R486,6 million from a profit of R205,5 million in 2019Revenue dropped by 25% to R1,16 billion Harare - South Africa based hotel operator City Lodge Hotels Limited experienced a significant adverse impact...
Headline Earnings per share to drop more than 20%Basic earnings per share to be lower than 20% Harare - Old Mutual Limited, parent to Old Mutual Zimbabwe has succumbed to the severity of the COVID-19 pandemic as it has issued a negative earnings...