19 C
Harare
Saturday, March 28, 2020
Production scale back to hit bottom lineMove in line with trends in the economy COVID-19 global spread, at its highest rate Listed publishers Zimpapers has said that it is scaling back production of some of its print publication due to the coronavirus outbreak. Zimpapers...
Caledonia has increased the levels of consumables stocksEstimates that Blanket has enough critical spares and mining consumables to sustain uninterrupted gold production In the event of a lockdown in Zimbabwe, Caledonia will have a $12.5 million war chest Following the announcement by South African authorities of a nationwide...
Coronvirus panic buying is global phenomena Zimbabweans are anticipating lockdown The country ill prepared for a lock-down Zimbabweans are slowly embracing the reality of coronavirus possibly hitting the country and against this expectations, hoarding of groceries...
He has been appointed to various leadership positionsHe is the current CE of United RefineriesDoug Munatsi assumes board CE position Harare - Renowned businessman, Busisa Moyo has been appointed the new board chair of the Zimbabwe Investment and Development Agency (ZIDA). The new...
ZSE gives 1 month COVID19 reprieve for due results Most companies are expected to report earnings before the end of MarchCompanies have an option to livestream earnings to avert spread The Zimbabwe Stock Exchange has issued a statement in line with the global...
First Capital closes 4 branchesClosure to commence on 24 March 2020BancABC implements measure to curb spread of the virus Harare - As the coronavirus has been recorded in Zimbabwe, with the first case being recorded last Friday and a second that has resulted in death of...
Hyperinflation has changed accounting standards in reportingHyperinflation accounting was adopted in the second half of 2019Before dollarisation Zimbabwe used hyperinflation accountingCompanies delaying financials release as a consequence Listed companies in Zimbabwe will delay release of their earnings for the period to December 2019 due...
Government struggles to implement the use of an e-cabinet as cabinet is set to meet at the State House instead of the usual Monomutapa building in spite of the coronavirus threatZimbabwe has recorded one casualty from three confirmed casesMost countries going into lockdown in a bid to minimise the spread of...
Natpak volumes increased by 18%Rigids packaging operation operated close to capacity Sacks and flexibles divisions marginally below last year’s performance Harare- Innscor’s Natpak registered an 18% volumes growth in the half year ended 31 December 2019 compared to the comparable prior period.
Flour outages resulted in reduction in loaf volumes by 45%Market-related pricing approach resulted in consistent supply of wheat and bread Harare – Zimbabwe’s volatile economic environment negatively impacted the performance of Innscor’s bakery division in the half year ended 31 December 2019. For much of...