16.4 C
Harare
Saturday, September 26, 2020
• 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...
16% of surveyed firms sent workers on unpaid leaveClosure of firms affects economic growth and developmentProduction and trading volumes dipped 36% between 25 to 30 March 2020 The coronavirus pandemic has had stringent effects on both local and international employees and has given...
88% of surveyed companies are failing to access source and export marketsCompanies are failing to meet local demand for some products81% of surveyed firms are experiencing supply chain disruptions Harare - COVID-19 has been leaving a trail of destruction in its wake as...
Nampak Zimbabwe faces liquidity challengesAs a result raw material supply management was challenging for HunyaniUS Dollar linked Kwanza bonds provided effective protection against the Angolan Kwanza devaluation Diversified packaging manufacturer Nampak Limited with a Zimbabwean unit Nampak Zimbabwe said it has registered healthy liquidity in its Angolan...
Rand Refinery fails to secure commercial flights to UKRand Refinery suspends shipmentsGold contributed 37% to Zim’s 2019 forex receipts Zimbabwe’s gold exports have come under threat after South Africa’s Rand Refinery suspended its gold exports to the UK upon failing to secure commercial flights to ship...
Bata Zimbabwe substitutes imports from Zambia The company earns a substantial niche market on the local and regional market In February 2019, Bata commissioned a gumboot manufacturing plant Bata to invest US$400 000 in production in first half of 2020
Natpak volumes increased by 18%Rigids packaging operation operated close to capacity Sacks and flexibles divisions marginally below last year’s performance Harare- Innscor’s Natpak registered an 18% volumes growth in the half year ended 31 December 2019 compared to the comparable prior period.