19 C
Harare
Saturday, March 28, 2020
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...
Harare - Clothing retail chain, Truworths said their sales volumes were negatively affected in the last two weeks during which Ecocash, a mobile money platform handling the largest chunk of Zimbabwe’s electronic transactions underwent upgrades. This was said by the company’s chief executive officer Themba Ndebele...
Harare - Fast foods operator, Simbisa Brands Limited’s Zimbabwe operations recorded a 23% rebound in customer counts to 2.7 million in the second quarter to 18 November 2019 from 2.2 million customers in the first quarter ended 30 September 2019 (Q1 FY2020). In the trading...
Harare – Clothing retail outlet Edgars Stores Limited’s sales volumes slumped in the 26 weeks ended 7 July 2019, capping a difficult operating period characterised by currency volatility and supressed consumer spending due to depressed salaries purchasing power. In a statement accompanying the Group’s financials for...
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...