Accounts opened grew by 160%ZSE Market Cap increased by 41.3%The Company processed 93 securities deposits
Harare- Chengetedzai Depository Company (CDC) saw an improvement in the number of accounts opened in month of May 2020 after registering a massive drop in April.
143 new accounts were openedIndividual investors opened more accounts in the period under reviewCDC processed 269 securities deposits
Harare - Chengetedzai Depository Company (CDC) registered a marginal increase in the total number of deposits in March 2020 with 143 new accounts having been...
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...
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...
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...
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
