7.5 C
Harare
Sunday, July 5, 2020
Tobacco handling volumes were 42%Distribution unit recorded 59% growthGeneral cargo volumes declined by 16% Harare- TSL’s logistics operations saw growth in volumes in the first quarter ended 31 January 2020. In a trading update for the review under review, the...
350 transactions with a value of US$457m processed by RBZThe respective local currency should be transferred to the Bank by 30 April 2020In February, RBZ had validated blocked funds amounting to US$1.2 billion. In the most recent update issued on Friday, The Reserve...
CBZ launches two bond instruments to finance maize and soybean farmingFirst issue worth US$50 000 00 at an interest rate of 9.5% per annumsecond issue worth ZWL$500 000 000 at an interest rate of 15-18% per annum Harare - Zimbabwe’s largest bank by assets and...
Declares ZWL10 cents dividendHarsh business operating environment affected performanceBenefited from its exporting segments Harare - As inflation rages, companies are attempting to retain shareholder value and one of the ways is to revise dividends. Hospitality entity Meikles becomes the latest in a series...
Tonnes milled increased by 2% Total cash costs rose by 3% compared to the same period last yearSales volumes however declined by 12% Harare - Zimplats, a subsidiary of one of the world’s foremost producer of platinum and associated platinum group metals, Impala Platinum (Implats) recorded a...
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...
Albert Katsande appointed Board ChairpersonClara Mlambo appointed Independent Non-Executive Director and Chairperson Harare - BancABC has with effect from 1 March 2020 appointed Mr Albert Katsande as its Board Chairperson replacing Mr Alvord Mabhena. Mr Katsande who is currently the Commercial Director...
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...
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
Econet creates Deputy CEO postRoy Chimanikire appointed Deputy CEOKezito now Econet’s COO Zimbabwe’s largest Telecomms company, Econet has made key appointments to the top echelon of its management. Introducing a new post, a new Deputy CEO has been appointed...