29.1 C
Harare
Sunday, November 28, 2021
Group’s HE declined by 7%Nedbank Zimbabwe HE down by 23%Nedbank Zimbabwe registered monetary loss of R296 millionZimbabwe’s weak economic fundamentals also weighed on SADC business performance Harare - Nedbank Group’s financial performance fell flat for the year ended 31 December compared to the previous year owing to...
Zambezi River levels rise to highest in 20 yearsElnino weighed on power generation in SADCZESA pays off ESKOM debt in fullHwange units under refurbishment In 2019 Zimbabwe’s economy grappled with rolling power cuts netting over 18 hours in a day in some cases,...
Revenue growth of 10.5% recordedSales volumes lower due to Zim economic challengesGroup revenue up by 2.7% Harare- The economic challenges being experienced in Zimbabwe negatively affected the performance of Distell’s African units in the six months ended 31 December 2019. In a...
AfDB: Africa lags behind in terms of global digital trendsAfrican digital economy expected to grow to over $300 billion by 2025AfDB: tech education, a must!China’s in-roads in I.T infrastructure development A sneak peek into the African Development Bank’s (AFDB) 2020 outlook shows that Africa lags behind in terms of...
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 Harare - Zambia will suspend import duty on mineral concentrates and value added tax on imported spare parts to support the economy amid...
Share of associate’s income fell from R109.0 million last year to R66.3 million this yearThe Group incurred net capital losses of R177.9 million in FY20Comparable Headline Earnings per Share fell to 278.81 cents from 280.60 cents last year excluding the impact of hyperinflation accounting in Zimbabwe
Distribution Group Africa revenue up by 16%Devaluation of local currencies negatively affecting net assets Listed Axia Corporation reported an improved regional performance in the six months period to 31 December 2019 compared to the same period last year. The Distribution Group Africa registered...
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...
ZANACO Trading Income mounts 328%PAT grows 9%Loan book grows funded incomeThe group operationalizes 2 subsidiaries Lusaka listed Zambian National Commercial Bank group reported a 328% growth in Trading income compared to the prior year on account of increased volumes of transactions as well as an improved...
HEPS grew by 10.7% to 419.6 centsSales were driven by the furniture businessCurrency devaluations in key African markets upset Group effortsDeclares interim dividend Africa’s largest food retailer, Shoprite Holdings reported a 10.7% growth in earnings for the half-year ended 27 December 2020 helped...