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COVID-19

posts on the corona epidermic

Occupancy volumes in the period stood at 47%Foreign revenues increased marginallyGroup’s hotels temporarily closed during 21-day lockdown Harare - Rainbow Tourism Group (RTG) recorded a 23% decline in occupancy volumes in the year ended 31 December 2019 (FY19) to 47% from 61% registered...
COVID-19 expected to affect economic outlookAuthorities urged to adopt coordinated fiscal, monetary and forex exchange policies Directors underscored the need to establish credibility in the new currency The International Monetary Fund’s Executive Board has put forth recommendations for the Zimbabwean Government to implement to...
Internal processes were supposed to be finalized in MarchThe 21-day lockdown declaration has thus affected the finalization processFinalisation expected to complete shortly Harare - Vast Resources plc said the finalization process of all internal processes leading to the conclusion to the Chiadzwa Community...
•          Stockbrokers granted a 30-day compliance grace period •          Management accounts to be sent through email •          Firms who can meet the statutory deadlines are encouraged to comply as usual Harare - As part of efforts to...
With immediate effect, trading of securities to be done cautiouslyIssuers required to publish Special Trading Updates post lockdown Harare - The Zimbabwe Stock Exchange (ZSE) has formulated measures meant to protect the interests of investors and stakeholders in light of the volatile and...
Potential changes in exchange rates, labour laws or policies could imoact cost of productionDelays in production or shipping of product likely to negatively affect future operating results and cash flows Harare -Nampak Limited has expressed uncertainty surrounding supply chain disruption and travel bans as the COVID-19 outbreak...
Mine is currently permitted to continue operations as it awaits exemptionExemption application is on the grounds that mine and its employees can be quarantined from surrounding areaCompany has capacity to withstand interruption to its production Harare - Gwanda-based gold miner, Blanket Mine has applied for exemption to...
Reduction in consumer demand anticipatedDisruptions to Group’s supply chain likely British American Tobacco Group anticipates a significant adverse material impact to its business if the coronavirus continues to affect key geographies or if the situation deteriorates for an extended period.  The Group said...
Suspension of import duty on mineral concentratesThis follows SA’s lockdown which will disrupt copper supplyZambia’s mining sector dipped by 12.3% in 2019 Harare - Zambia will suspend import duty on mineral concentrates and value added tax on imported spare parts to support the economy amid...
AFDB gives $3 billion debtWHO Director urges nations to implement aggressive measures to fight the coronavirus Harare - The African Development Bank has joined the wagon of public lenders inclusive of the World Bank, AFREXIM and International Monetary Fund in ramping up efforts to raise financing to...