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Sunday, April 5, 2020
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Turnover increased by 18% in nominal terms and 14% in real termsZSE All Share Index 7% below the prior monthMarket capitalisation went up for the second successive month Harare - Trading activity on the Zimbabwe stock Exchange made headway in February emerging as the biggest month in...
Decline in sales attributed to the impact of erosion of disposable incomesBoard of Directors are currently engaging the Judicial Manager on ensuring that Victoria Foods exits the judicial management before the financial year ending 30 September 2020The Group said that it will focus on ensuring consistent raw material supply pipelines are...
Monthly inflation for January 2020 fell to 2.23% from 16.55% in December 2019The surprise drop was driven by the smaller increases in price of food and non-alcoholic beveragesAlthough the monetary authorities expects inflation to fall, the pressure emanating from exchange rate loss is too high and therefore increases outlook uncertainty
Over the past years, the Company’s performance has been shifting away from its core insurance business as it increased its exposure to other areas such as property development which took over a greater portion of the total income generatedIn 2017, the Group undertook a major restructuring exercise to refocus the business...
2019 capacity utilisation fell to 36.4 from 48% in 2018According to the CZI report, on energy, companies indicated that they get 50% monthly power supply from the main gridThe projected 2020 capacity utilisation is 27%, which is 9.4% below the 2019 levelSouth Africa dominated as the source of raw materials, followed by...
Local investors dominate 94% of CSD accounts ZSE Equity Market Capitalisation increased by 43.9%Dematerialisation securities accounted for 47.6% of the ZSE Equities Harare - Total number of accounts on the Chengetedzai Depository Company (CDC) closed the month of January 2020 at 28 457 after 140 new...
Amid the currency saga, domestic political tumult and seemingly labour unrest is causing further uncertaintyCZI has urged the government to demonstrate clarity on the currency position on whether the country is still under the multi-currency environmentThe currency saga has created a dislocation in the economy and it is threatening any efforts for economic...
December’s net trade position third best in 12 yearsThe country has posted a net positive monthly trade position only four times since 2008The positive trade position has been attributed to import suppression rather than a growth in exports brought about by dearth in aggregate demandOpportunity cost of import suppression may be higher...
Headline loss expected to narrow by between 17% and 23%The losses are attributed to hyperinflation in Zimbabwe, as well as higher finance costs and taxation The Group is in talks with JSE for the lifting of the suspension of its shares, potentially in the first week of February 2020
The annual inflation rate in Zimbabwe accelerated to 521.16% in 2019 while monthly inflation for December 2019 slowed to 16.6% from 17.5% recorded in the previous monthZimbabwe’s inflation is being pushed by a number of factors among them currency debauchery, fuel prices and imported food inflationThe MPC said it has directed...