11.1 C
Harare
Monday, July 6, 2020
Caledonia applies for TSX delistingShares will continue to trade on the NYSE and AIM ExchangesThe company’s primary asset is Blanket Mine located in Zimbabwe New York, Toronto and AIM listed miner with operations in Zimbabwe is set to delist from the Toronto Stock...
Month on month inflation rate in April was 17.64%CPI as at April 2020 stood at 953.36Driving the inflation rate is a tumbling exchange rate Zimbabwe's galloping inflation edged closer to the psychological 1000% mark on hitting 765.6% in April, the latest data released...
Occupancy levels increased by 4%Property consultancy revenue up by 70%Expenses to revenue ratio stood at 42% Harare - Property Investment holding company, Dawn Properties posted a marginal increase in occupancy levels in the first quarter ended 31 March 2020 compared to the corresponding...
An epic legend has it that on the Pillars of Hercules, the two columns on either side of the Straits of Gibraltar where the Mediterranean Sea meets the Atlantic Ocean, there are inscribed words “Nec Plus Ultra”, which means “No Further”. The...
Region faces financing gap of at $144 billion in 2020IMF and other multilateral lenders are ramping up financing Harare - The International Monetary Fund (IMF) said with low global interest rates, African governments urgently need additional external financing to help mitigate the economic...
Retention threshold now at 70/30 from the previous 55/45Small scale buying agent to be paid in cash at a flat priceFPR and the National Gold Monitoring Teams are enhancing surveillance to ensure legal sale of gold Harare- Fidelity Printers and Refiners (FPR) has...
Gross margins were also impacted in line with the lost sales particularly during the last quarterProfit after tax for the period was ZWL$17.9m, an 81% decrease from ZWL$91.8m in the same period last year“Post Covid-19, clothing retail will not be the same and the Group is pursuing...
Sales volumes for the first quarter ended 31 March 2020 were 19% below the same period in 2019Foreign currency revenue grew by 68% to US$1.018 million during the period under review thereby contributing to cost reductionIn regard to the COVID-19 impact, the Dairibord said that volumes in...
DGA Zim Q3 and nine months volumes were down by 25% and 35% respectivelyAccessing forex has remained Transerv’s biggest challengeGroup registered positive profit performance in April despite lockdown Harare - Local shortage of foreign exchange negatively affected AXIA’s sales volumes which saw only...
Dividend payout put on hold until there is liquidity improvement in the local market“Access to bank facilities is being hindered by the inability of banks to increase facilities due to their own constraints”The development intersects with the impact of COVID-19 on business operationsDespite the impact of COVID-19,...