11.1 C
Harare
Monday, July 6, 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 PAT for the Group stood at ZWL$74.1 millionOverall revenue for the Group increased by 52%FLA, the Company contributed 38% to core revenueMalawian subsidiary registered 78% revenue growth Harare - Fidelity Life Assurance (the Group) recorded a positive performance in the year ended...
Harare - NMBZ Holdings Limited which controls the NMB commercial bank in Zimbabwe released a fair set of earnings for the 12 months period to December. The Group said the financial position was largely driven by the Bank’s continued diversification into the...
OMSEC to be market make for upcoming ETFRegistration is with effect from April 16, 2020 ETF listing delayed by COVID-19 lockdown Harare - The Zimbabwe Stock Exchange (ZSE) has announced the registration of Old Mutual Securities (Private) Limited (OMSEC) as the first market maker...
Indices slump in Thursday sessionInvestors are opting for liquidityTruworths led the fallers of the day after letting go 19.78% It was a bloodbath in Thursday’s session as all indices closed in the red. The mainstream All Share Index dropped 2.80% to 466.94pts while the Industrials slumped...
ZSE gives 1 month COVID19 reprieve for due results Most companies are expected to report earnings before the end of MarchCompanies have an option to livestream earnings to avert spread The Zimbabwe Stock Exchange has issued a statement in line with the global...
RBZ suspends 30-day liquidation requirementfirms receiving foreign currency from domestic transactions to deposit the funds in local FCA flagging of importers and the penalty system has also been suspended. With a deepening Corona Virus crisis and weakening economic fundamentals, the RBZ has...
Foreign sells increased to $104 millionForeign purchases came off at $50 million Foreign participation on the Zimbabwe Stock Exchange continues to plummet in February as investors continue losing hope owing to the weak economic fundamentals prevalent in the country. Foreign investor participation remains...
Turnover increased by 18% in nominal terms and 14% in real termsZSE All Share Index 7% below the prior monthMarket capitalisation went up for the second successive month Harare - Trading activity on the Zimbabwe stock Exchange made headway in February emerging as the biggest month in...
Given a harsh operating environment for the business fraternity, listed financial services institution Getbucks is pursuing a capital preservation strategy while working at maintaining profitability despite the headwinds. According to a trading update issued by the Chief Executive Terry Mudangwe, Getbucks acquired investment property in...