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Monday, July 6, 2020
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news about the Zimbabwean economy

Tea sales volumes down 36%Better export prices for macadamia are anticipatedStone fruit production volumes declined by 5% Harare – Listed agro-concern, Ariston registered contractions in production volumes in major crop segments which include tea and macadamia which contributes 83%.
Perkins generator sales were up by 6%Overall revenues declined by 19% in real termsFarmec recorded a contraction in tractor sales Harare- Depressed customer demand and the delayed opening of the tobacco selling season due to the COVID-19 induced lockdown negatively affected Zimplow’s group...
Loss after tax stood at ZWL$43 millionTotal assets marginally declined Harare - FBC Insurance Company posted a negative 2019 performance due to the harsh economic headwinds that persisted for the greater part of the year. In a results publication,...
Construction sector growth declined by 14%Completion of DMX plant is set for Q2 2020Q12020 volumes were 3% above budget Harare – Lafarge Cement Zimbabwe’s volumes for the full year ended 31 December 2019 remained flat on prior year at 323 000 tons.
Occupancy levels stood at 77%Rental collections closed the period at 90%The Group grew its third-party business portfolio during the period Harare - Mashonaland Holdings’ occupancy levels remained steady in the half year ended 31 March 2020 (HY2020) in spite of the harsh operating...
Dividend increased by 13%Raise represents a cumulative 24% increase since October 2019Rate of capital expenditure is expected to reduce towards the end of 2020Central Shaft completion on track Harare- Gold mining company, Caledonia Mining Plc has further increased its quarterly dividend by 13%,...
Volumes dropped by 62%Brick production was affected by COVID-19 induced lockdownProduction has been at below 50% of total capacity Harare - ZSE-listed bricks manufacturer Willdale Limited registered a massive drop in sales volumes in the quarter ended 31 March 2020 (Q2 2020).
Company says low retention weighing on profitabilityRecently government revised retentions for small scale miners to 100% Harare - Integrated mining and metallurgical company RioZim is bemoaning the upward revision of the gold foreign currency retention threshold which has resulted in the company’s inability...
Month on month inflation rate in May was 15.13%Zimbabwe’s inflation is the highest in AfricaDriving the inflation rate is a plummeting exchange rate Zimbabwe’s unbridled inflation continues to sky-rocket on hitting 785.55% in May, the latest data released by ZIMSTAT reveals. Zimbabwe is...
Total sales volumes plunged by 17%Revenue was down by 5%Loss of ZWL5.8 million Harare - British American Tobacco (BAT) Zimbabwe, a cigarette manufacturing company posted a declined performance for the year ended 31 December 2019. In a full year results...