16.7 C
Harare
Sunday, April 5, 2020
RFO to fall by 0% to 5%Headline earnings expected to decline by 24% and 28%PAT is exclusive of the profits from Quilter plc and Nedbank Harare- Old Mutual Limited is expecting its Results from Operations (RFO) to decrease by approximately 0% to 5% for the year...
Foreign sells increased to $104 millionForeign purchases came off at $50 million Foreign participation on the Zimbabwe Stock Exchange continues to plummet in February as investors continue losing hope owing to the weak economic fundamentals prevalent in the country. Foreign investor participation remains...
•             Africa’s leading economies are increasingly looking to wind energy •             Renewables are advantageous as they save money and require low maintenance •             Energy sector is a catalyst for Africa’s economic growth Harare...
The latest projection is 0.1 percentage lower than in the October 2019 World Economic Outlook (WEO) for 2020 and 0.2 percentage point weaker for 2021.“This reflects downward revisions for South Africa and for Ethiopia.”South Africa’s economy is seen growing at 0.8% this year, down from a previous forecast for 1.1% growth,...
Harare – Pan African Bank, Ecobank Zimbabwe was awarded the best bank in Zimbabwe at the recently held Banks and Banking 2019 Survey Awards. The program, running under the theme “Return of the Zim-Dollar Transition to Nolmacy?” was presented by The Zimbabwe Independent which is owned by Alpha Media Holdings...
Harare – Zimbabwe Stock Exchange – listed quick service restaurant group, Simbisa Brands Limited has reported a 91% overall growth in revenues to ZWL$390.8 million compared to ZWL$204.7 million in the previous year. Contributing to this performance was the positive contribution from its regional operations where customer counts grew by...
Harare – Zimbabwe Stock Exchange - listed financial services group, Zimre Holdings Limited (ZHL) said that the negotiations at its subsidiary Emeritus International Reinsurance Company Limited’s capital raise have been terminated. “Shareholders of ZHL are referred to the cautionary announcement dated 10 September 2019, and are advised that the negotiations...
Harare – ZECO Holdings Limited said the Group’s performance was adversely affected during the half year ended 30 June 2019 as no major projects were undertaken due to inflationary pressures resulting in the suspension of major projects. Listed on the Zimbabwe Stock Exchange (ZSE), ZECO Holdings builds rail wagons and...
Harare – All funeral assurers continue to be non-compliant with the minimum Prescribed Asset (PA) ratio of 10.00% as announced in the 2019 National Budget Statement, the latest industry report has shown. In its latest industry report for the second quarter ended 30 June 2019 covering...