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Tuesday, September 21, 2021
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ZUPCO fares doubledHike necessitated by COVID 19 carrying capacity restrictions Move also comes almost 2 weeks after latest fuel price hike The Ministry of Finance and Economic Development has approved a request by the Zimbabwe United Passenger Company (ZUPCO) review bus fares upwards citing...
Afreximbank to unveil up to US$2 billion for vaccine procurement effortsWorld Bank a further US$5 billionZimbabwe will need over US$20 million for the procurement of the first batch of vaccines The African Vaccine Acquisition Task team (AVATT) under The African Union (AU) has...
Volumes declined by 18%Group received the bulk of its revenue in US dollars in the periodDemand for products is anticipated to rise in the second half Harare – Proplastics’ volumes retreated in the half year ended 30 June 2020 as the company moved...
Total sales volumes declined by 3%Company’s premium brand returned to the marketRevenue increased by 20% Harare – ZSE-listed tobacco manufacturer, British American Tobacco Zimbabwe (BAT) registered a decline in sales volumes in the half year ended 30 June 2020 owing to the unstable...
Cement sales volumes decreased by 9%Profit contracted by 72%high production costs due to Kwacha depreciation Harare - Zambia domiciled cement producer, Lafarge Zambia has not been spared from the impact of the COVID-19 pandemic as sales volumes were negatively affected for the half...
Q22020 volumes down 37%Export volumes were 3% of total salesPAT declined by 82% Harare – Turnall Holdings registered a dip in sales volumes in half year ended 30 June 2020 (1HY2020) owing to COVID-19 pandemic constraints. In the Group’s...
Occupancies dropped to an average of 38%Posted a net loss of R486,6 million from a profit of R205,5 million in 2019Revenue dropped by 25% to R1,16 billion Harare - South Africa based hotel operator City Lodge Hotels Limited experienced a significant adverse impact...
Headline Earnings per share to drop more than 20%Basic earnings per share to be lower than 20% Harare - Old Mutual Limited, parent to Old Mutual Zimbabwe has succumbed to the severity of the COVID-19 pandemic as it has issued a negative earnings...
Total assets value triple to ZW$60.4 billionOperating and administrative expenses increase due to inflationary pressuresDefers projects on COVID-19 impact Harare – Old Mutual Zimbabwe (OMZ) recorded a 730% increase in profit after tax to ZW$432 billion in the half year ended 30 June...
PAT grew to $361 million in inflation-adjusted termsIncreased digital acceptance grew customer basePDFS unit registered 202% growth in transactional income Harare -BancABC (Zimbabwe) Limited’s investments in technological infrastructure has yielded positive results for the Bank as it contributed to its strong performance in...