20 C
Harare
Sunday, January 24, 2021
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 transaction is valued at R480 millionThe acquisition will help TFG expand into the value segment of the Southern African retail marketEdcon is currently under business rescue Harare - The Foschini Group (TFG), one of South Africa’s leading retail clothing companies seeks to...
Gross margins were also impacted in line with the lost sales particularly during the last quarterProfit after tax for the period was ZWL$17.9m, an 81% decrease from ZWL$91.8m in the same period last year“Post Covid-19, clothing retail will not be the same and the Group is pursuing...
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...
Exacerbated by prohibition from trading in certain key product categories including alcohol, tobacco, clothing, general merchandise and hot foods.These categories make up approximately 20% of the Group’s revenues, with higher gross profit margins relative to basic food and grocery lines.CEO Richard Brasher said “Our business remains strong...
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...
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.
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...
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...
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...