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Monday, July 6, 2020
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Full year profit expected to be 65% and 75% ahead of last yearProjected growth anchored on recovering sales volumes and favourable currency movementsCompany’s other value chain operations affected by COVID-19 response measures Harare- Botswana Stock Exchange-listed (BSE) Company, Seed Co International Limited Group...
Accounts opened grew by 160%ZSE Market Cap increased by 41.3%The Company processed 93 securities deposits Harare- Chengetedzai Depository Company (CDC) saw an improvement in the number of accounts opened in month of May 2020 after registering a massive drop in April.
COVID-19 further worsening food insecurityMore than 250 million severely food insecureTo ease food insecurity Sub-Sahara should boost agricultural output Harare - The Sub-Saharan African region has been severely affected climatic shocks and epidemics that have left millions food insecure, a situation which, due...
FPL for an average household of five persons stood at $2 984.78Inflation stood at 765.6% in AprilTCPL for an average of five persons per household stood at $7 425.81 Harare- Living conditions for most Zimbabweans continue to worsen in the wake of rising...
Company seeks to enhance its procurement processes through the sourcing of best products for its marketLimited size of Company’s market and the various barriers have affected progressEngineering division increased its range of products manufactured Harare - Electrical retail and engineering company, Powerspeed made...
Group’s tea export sales have declinedMacadamia export sales have remained firmHarvesting of pome fruit and other products unaffected Harare - Diversified agro-industrial concern, Ariston Holdings projects a 20% reduction in overall tea production after trimming a significant share of its outsourced labour and...
Sales volumes decline partially resulted in revenue decreaseGroup revenue was down by 31%Medical segment did not trade due to working capital challenges and inadequate stock Harare – ZSE-listed pharmaceuticals company, MedTech Group registered a 70% decline in sales volumes in the year ended...
Company is actively tracking changes in consumer behaviour during lockdown and adjusting its plans97% of the staff has been working from home during the lockdown. Harare – Cassava Smartech seeks to exploit new opportunities in the midst of the COVID-19 pandemic so as...
Decline attributed to reduced operations in April and May 2020Q1 volumes 10% downCompany has put in place measures to recover from the COVID-19 impact Harare – Cigarette manufacturer, British American Tobacco (BAT) Zimbabwe forecasts a drop in volumes in the second quarter of...
RFO down by 33%Loan and Advances in the quarter grew to R23 039 millionThe Group has experienced minimal COVID-19 related disruptions to its business operations Harare - Dual-listed Old Mutual Limited’s profits have remained on a downward trajectory which saw the Group registering...