24.5 C
Harare
Saturday, May 30, 2020
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...
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...
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...
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...
• 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$74.1 millionOverall revenue for the Group increased by 52%FLA, the Company contributed 38% to core revenueMalawian subsidiary registered 78% revenue growth Harare - Fidelity Life Assurance (the Group) recorded a positive performance in the year ended...
OMSEC to be market make for upcoming ETFRegistration is with effect from April 16, 2020 ETF listing delayed by COVID-19 lockdown Harare - The Zimbabwe Stock Exchange (ZSE) has announced the registration of Old Mutual Securities (Private) Limited (OMSEC) as the first market maker...
He leaves after 13 months as CEThe company appointed a new CFO in June 2019The Company has had a bumpy financial ride recording  a string of losses before the appointment of the now departing CELafarge has been losing ground to fierce competitor, PPC Kaziwe Siame Kaulele who...
USD/ZWL$ 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...
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...