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Harare
Sunday, January 24, 2021
Lager volumes ease 18% over last year Sorghum beer volumes plunge 40% Sparkling beverages volumes recovers 35% albeit from a low base Delta Beverages' overall business remained under strain into the first quarter of 2021 after the...
Company seeks to enhance its procurement processes through the sourcing of best products for its marketLimited size of Company’s market and the various barriers have affected progressEngineering division increased its range of products manufactured Harare - Electrical retail and engineering company, Powerspeed made...
Sales volumes decline partially resulted in revenue decreaseGroup revenue was down by 31%Medical segment did not trade due to working capital challenges and inadequate stock Harare – ZSE-listed pharmaceuticals company, MedTech Group registered a 70% decline in sales volumes in the year ended...
DGA Zim Q3 and nine months volumes were down by 25% and 35% respectivelyAccessing forex has remained Transerv’s biggest challengeGroup registered positive profit performance in April despite lockdown Harare - Local shortage of foreign exchange negatively affected AXIA’s sales volumes which saw only...
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...
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...