17.1 C
Harare
Wednesday, October 20, 2021
Banking on full recovery of the productive sectors to boost demand for spaceCBD offices, high density suburban shopping centres and specialised industrial sectors most affectedRentals predominantly indexed in foreign currency to preserve valueMeanwhile, residential sector development activity remains strong HARARE – Space absorption...
Production volumes up 28% in HY21New asbestos plant to cover up the 91% production sales gapMore high-tech plant to be introduced HARARE - Turnall Holdings is making moves to introduce a new plant that will produce asbestos and other products in a...
Key Highlights: Gross profit scaled up 130% to R53.5bn from fiscal 2020 position of R23.27bn125% increase in headline earnings to R36.4bnBoost dividend pay-outs to shareholdersBullish financial performance driven by higher sales volumes delivered into a robust PGM pricing marketTotal 6E concentrate production of 3.29...
HARARE – Africa’s leading credit rating agency, GCR Rating (GCR) has affirmed Stanbic Bank Zimbabwe’s top-class rating for its operating performance across the board. The leading financial institution was affirmed national scale long-term issuer and short issuer ratings of AA(ZW)/ A1+(ZW) respectively and...
HARARE – Crocodile skins and meat producer with interests in gold mining, Padenga Holdings Limited is all but confirmed as the second company to list on the U.S Dollar-denominated bourse, the Victoria Falls Stock Exchange (VFEX). The move comes just over a...
Key Highlights Inflation is now expected to be below 25% by December 2021, up from a previous forecast of below 10%MPC resolved to maintain the Bank Policy rate at 40%Reserve money growth target revised from 22.5% per quarter to 20%Analyst views
HARARE – FBC Holdings Limited (FBCH), an investment holding company listed on the Zimbabwe Stock Exchange, on Wednesday released its 2020 sustainability report summarising the group’s calendar year 2020 sustainability framework and its Environmental, Social and Governance (ESG) performance. The report is...
Harare – The proposed merger of SeedCo International Limited (SCIL) and the Zimbabwe Unit, SeedCo Limited (SCL), is all but dead as the Companies could not secure a major regulatory condition precedent to conclude the transaction from the Reserve Bank of Zimbabwe Exchange Control division.
Tea production and sales improve by 8%Export tea sales volumes surge by 10% despite Covid-19 disruptionsRevenue for the period increased by 64% Harare - Listed agro-industrial concern, Ariston Holdings Limited reported an improvement in tea production and sales during the half-year ended 31...
Palladium, among other platinum group metals like platinum, rhodium and lithium have seen substantial growth in demand as the global economy goes greener. These developments are important, more so from a Zimbabwe perspective as the country’s economy is largely anchored on mining...