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Harare
Monday, July 6, 2020
Africa’s digital economy to grow to over $300 bill by 2025RTG Virtual progresses on the digital frontthe e-commerce channel registered a growth in foreign revenueRTG to continue digital investment The digital economy in Africa is expected to grow to over $300 billion by...
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...
Colcom volumes dropped 17% Pig production saw a 7% growthIrvine’s table eggs registered a 26% volumes growth while frozen chicken slumped by 14% Harare - Innscor Africa Limited’s protein division saw a varying volumes performance in the six months ended 31 December 2019.
Distribution Group Africa revenue up by 16%Devaluation of local currencies negatively affecting net assets Listed Axia Corporation reported an improved regional performance in the six months period to 31 December 2019 compared to the same period last year. The Distribution Group Africa registered...
Revenue growth of 10.5% recordedSales volumes lower due to Zim economic challengesGroup revenue up by 2.7% Harare- The economic challenges being experienced in Zimbabwe negatively affected the performance of Distell’s African units in the six months ended 31 December 2019. In a...
Shares fell by -7.59%“Lower volumes generally, coupled with the inability to fully recover input costs, have adversely impacted profitability.”The Group is in the process of disposing off the VAMP business, which was forced to temporarily close manufacturing facilities due to a listeriosis outbreak in 2018. Tiger Brands...
Despite the effects of drought, grain output in Zimbabwe over the years has been stifled due to a number of issues such as challenges in the importation of production inputs such as fertiliser, fuel, agrochemicals, amongst others, due to liquidity issuesGovernment said the subsidised price has created undesirable arbitrage opportunities for...
Equity Axis projects annual inflation to peak to 841.1% by April 2020 and close the year at 364%These projections are anchored on drought, rising foreign debt, continued electricity shortages and currency depreciationMeanwhile, government projects monthly inflation to fall to a single digit inflation by the end of March 2020 while closing...
The company posted an inflation-adjusted loss of ZWL 1.8 millionRecorded net loss of ZWL 1.8 million compared to a profit of ZWL 110,723 in the comparative periodShareholders’ equity decreased by 8% to ZWL 20.9 million due to the net loss incurred ZSE-listed National Tyre Services (NTS) has...
Sales volumes dropped by 23 pcRevenue up 237.4%Overheads growth stood at 229.1% Harare- OK Zimbabwe Limited’s sales volumes performance in the six months ended 30 September 2019 (HY20), reflected the bitter operating environment that saw most companies in the country recording declines in sales and customer...