20 C
Harare
Monday, November 30, 2020
• Amendment of Mines and Minerals Act to be prioritised• Reopening of closed and new mines critical• Sector is projected to grow by 7.7% in 2021 Harare - As the country is working towards a US$12 billion mining industry by 2023, government said...
17 stockbrokers approved for VFEX tradingVFEX commences branding with a new logoTrading set to resume before end of October Harare – The Victoria Falls Stock Exchange (VFEX) has released a list of approved market participants ahead of the bourse’s official opening.
Eleven out of twelve life assurers failed to comply with prescribed asset ratiosAll reassurance players prescribed ratios were below 15% thresholdTotal investments in prescribed assets amounted to ZWL$1.95 million Harare- Life assurers continue to fail to meet the minimum required threshold for prescribed...
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...
Funeral assurance sector wrote only 10.17% of funeral business in HY2020Sector continues to be affected by adverse economic challengesInflation adjusted GPW declined by 45.63% Harare – Insurance and Pensions Commission (IPEC) has urged funeral assurers to be innovative through coming up with products...
Only one out of seven assurers was compliantAssurers’ capital positions ranged from ZWL$3.42 million to ZWL$75.97 millionTotal assets grew by 30.20% Harare – Local funeral assurers failed to comply with the regulatory minimum capital requirement in the half year ended 30 June 2020...
The move follows recapitalization of the institutionDPC to hand over management to board and senior management Harare – Lion Microfinance Limited is set to resume microfinance operations following its removal from curatorship. In a notice issued recently, the Reserve...
Volumes declined by 18%Group received the bulk of its revenue in US dollars in the periodDemand for products is anticipated to rise in the second half Harare – Proplastics’ volumes retreated in the half year ended 30 June 2020 as the company moved...
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)...