16.4 C
Harare
Saturday, September 26, 2020
Zimplow will acquire 100% ownership of the Target Companies and the Target PropertyScanlink (Pvt) Limited is the sole distributor of Scania products in ZimbabweShareholders of the Target Companies and EPP will receive a total of 106,199,706 Zimplow ordinary shares Harare – Farming equipment...
• Occupancies stood at 22%• Room nights sold decline by 52%• Group is reopening hotels, the last are expected to open in Q4 2020 Harare – Listed hospitality group, African Sun Limited had a turbulent first half (HY2020) owing to the challenging operating...
Gross Written Premium grew by 20%Net earned premium increased by 37%Recorded a growth in profit from a loss recorded in the prior comparable period Zambia domiciled Prima Reinsurance company posted a positive performance for the half year period ended 30 June 2020 compared...
Voice services is still the biggest contributor to the bottom lineOperating costs exclusive of foreign currency losses grew by 42%Active mobile telephone subscriptions declined by 6.7% Harare – Revenue generated by Zimbabwe’s mobile network operators increased by 45.8% to record ZWL3 billion during...
The Company is in discussions with a potential financier for a targeted highly structured financing arrangement for Sengwa Phase 1 Harare – Lack of funding and the effects of the COVID-19 pandemic have derailed the progression of RioZim’s projects which are aimed at...
Share tranfer from ASA Resources to Sotic International completed todayASA had been grappling with liquidity as well as corporate governance issuesSotic is incorporated in Mauritius with other operations in ZimNickel prices have firmed over 6.5% in 2020 The transfer of shares from ASA Resources...
25% occupancy level from 43% SPLYRevenue declined by 51%The Board resolved not to declare a dividend due to the ongoing uncertainty Harare – The ongoing impact of the novel coronavirus (COVID-19) has led the Rainbow Tourism Group (RTG) to record a decline in...
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)...
Gold production volumes dropped by 39%Gold production at Cam and Motor Mine plunged by 59%Gold production at Dalny Mine decreased by 54% Harare - Integrated mining and metallurgical company RioZim posted a reduced gold and diamond output for the half year period to...
Basic earnings per share anticipated to soar by 183%Growth attributed to the impact on the ZMW-equivalent of property values of a depreciation of the ZMW against the USD. Harare - Real Estates Investments Zambia (REIZ), the only listed real estate company on the...