16.7 C
Harare
Sunday, April 5, 2020
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...
Food exports declined by 33.6%Decline attributed to affordability challengesMaize imports increased by 86.2% Harare- Food imports shrank by 33.6% to US$299.4 million in 2019 from US$451.2 million in 2018. This was said in the February 2019 Monetary Policy Statement presented by the...
Total bank deposits stood at ZW$34.5 billion as at 31 December 2019, composed of ZW$22.0 billion (64%) in local currency and ZW$12.5 billion (US$785 million) or 36% in foreign currencyRBZ says it is strongly monitoring money supply to ensure that it does not cause inflation and/or bring volatility to the exchange...
He leaves after 13 months as CEThe company appointed a new CFO in June 2019The Company has had a bumpy financial ride recording  a string of losses before the appointment of the now departing CELafarge has been losing ground to fierce competitor, PPC Kaziwe Siame Kaulele who...
Shares fell by -7.59%“Lower volumes generally, coupled with the inability to fully recover input costs, have adversely impacted profitability.”The Group is in the process of disposing off the VAMP business, which was forced to temporarily close manufacturing facilities due to a listeriosis outbreak in 2018. Tiger Brands...
Despite the effects of drought, grain output in Zimbabwe over the years has been stifled due to a number of issues such as challenges in the importation of production inputs such as fertiliser, fuel, agrochemicals, amongst others, due to liquidity issuesGovernment said the subsidised price has created undesirable arbitrage opportunities for...
Equity Axis projects annual inflation to peak to 841.1% by April 2020 and close the year at 364%These projections are anchored on drought, rising foreign debt, continued electricity shortages and currency depreciationMeanwhile, government projects monthly inflation to fall to a single digit inflation by the end of March 2020 while closing...
Turnover was 60% above December in nominal terms and 56% up in real termsZSE All Share Index closed at 45% recovering from December lossesSurge in equities occurred in the fourth week of January, rising by 32% Trading activity on the local bourse in January picked up both...
Companies have delayed publication of results to conform with IAS 29 guidelinesThe impact reflects more on the wider market than it reflects on individual companiesStudies show that sentiment is a key variable in the prices of stocks traded on stock markets, although it is subject to change influenced by a number...
USD/ZWL$ exchange rate breaches 1:25 on the parallel marketRBZ said the issue is now up for investigationWildly currency fluctuation create economic uncertainty and instability, affecting capital flows as well as threaten a spike in inflationThe fall in ZWL$ value was expected. Its reintroduction was mistimed and marred by uncertainty from the...