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Harare
Saturday, May 30, 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...
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...
December 2019 monthly inflation stood at 16.55%Mthuli Ncube had projected that the country would end the year with an inflation rate of 10% on account of ongoing fiscal and monetary policy reformsEquity Axis’ calculations based on ZIMSTAT figures show that annual inflation rate in December 2019 stood at 521.16% up from 440.01%...
Trading delayed for almost 2 and half hoursSecond fault in 2 monthsSystem adopted in 2015 Harare - The ZSE’s electronic trading system experienced a temporary downtime earlier on Monday which effectively delayed the trading of shares in the new week.
Harare – As inflation and exchange rates continue on an upward trend, the energy supply authority has indicated that it will be reviewing upwards the current power tariffs to help boost its operational efficiencies. This was revealed on Thursday 19th of September 2019 during the Portfolio...
Harare – Impala Platinum Holdings, the parent of Zimplats has announced a strong set of financial results for the year ended 30 June 2019 headlined by a 36% jump in revenue to R48.6 billion compared to R35.9 million recorded in 2018. In a statement accompanying...