20 C
Harare
Monday, November 30, 2020
COVID-19 lockdown caused a significant decline in volumesThe Zimbabwean economy is expected to continue to experience challenges in the short to medium termLafarge says it is poised to mitigate the negative effects of the difficult economic environment Harare – Lafarge Cement Zimbabwe Limited...
Double digit loss in operating income expectedTied advisers were unable to sell new business due to COVID-19 restrictionsCompany said its solvency levels very strong despite the economic shock Pan African insurance giant and financial services provider, Old Mutual Limited, said it expects a...
Group Managing Director John Van Gend said, “The shortage of sufficient foreign currency for importing raw materials remained the Group’s main concern…”Volumes tumble across all segmentsThe Group anticipates that the disruptive impact of Covid-19 will be felt for some considerable time Harare –...
Company said it has agreed with ZSE that its shares be temporarily suspended from tradingPPC is 1 of the 3 dual listed counters on the ZSEPPC notes that an investigation into the dealings on the ZSE found the company innocent of any wrongdoing
Sub-Saharan African economy to shrink by 2.8%Nigeria’s economy to contract by 3.2%South Africa’s economic activity to drop by 7.1% Harare - The Sub-Saharan African region has had to endure the severity of an adverse dry spell which had already negatively affected economic growth,...
Acquired 100% stake in UNBUNB is a new source for forex earningBusiness is yet to trade since the conclusion of the transaction due to COVID-19 lockdown Harare - Zimbabwe’s largest beverage company and a subsidiary of AB InBev, Delta Corporation has acquired a...
• Q4 and FY20 revenue grew by 20% and 14% respectively in inflation adjusted terms• The Group cautions disruptive impact of hyperinflation, multiple exchange rates and rapid changes in the policies• Volume performance subdued in part due to the impact of COVID-19 Harare...
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...
Awareness campaigns to be carried out by Board and selling pointsAll flea markets and vendors around sale floors perimeter to be closedFarmers encouraged to use decentralized sales floors Harare - Tobacco Industry and Marketing Board (TIMB) has issued a set of guidelines for...
Depressed product demand registeredGroup will implement a number of measures in order to consolidate and sustain profit gainsExport turnover contributed 5.0% of turnover Harare -Turnall Holdings Limited registered depressed product demand in the year ended 31 December 2019 (FY 2019) as harsh macroeconomic...