· Notice to Shareholders: General Beltings; WestProp
· Press Release: RTG; Caledonia
· Financial Results: Datvest ETF
Harare - Notice to Shareholders: General Beltings; WestProp
General Beltings Holdings Limited announced that it sought and was granted by the Zimbabwe Stock Exchange (ZSE) the authority to delay the publication of its Audited Financial Results for the year ended 31 December 2023. The publication was due on the 31st of March, 2024, and the results will now be published on or before the 30th of April 2024. According to General Beltings, the delay was necessitated by the finalization of the audit process that is still in progress and is expected to be completed soon.
WestProp Holdings Limited announced that its set of Audited Financial Statements will be published on or before 30 April 2024 after the Company applied to Victoria Falls Stock Exchange (VFEX) for a dispensation to delay the publication. The results, which were due for publication on the 31st of March 2024, are not yet completed, pending finalization of the audit by the Company’s external auditors.
Press Release: RTG; Caledonia
Rainbow Tourism Group Limited (RTG) alluded that is has entered into a Strategic Partnership Agreement (SPA) with Grand Metropolitan Holdings BV, a Switzerland-based Dutch-registered international company, to form various opportunities within the hospitality and tech industries throughout the African continent. The SPA involves four key elements to be achieved, the first being a formation of a Zimbabwean joint venture entity which will identify and pursue new hotel opportunities in Zimbabwe. The second element is the formation of a Sub-Saharan African joint venture entity which will focus on various hotel opportunities across the Sub-Saharan Africa. The third key element is the formation of a hospitality academy in partnership with a top Swiss Hospitality School which will be a hospitality training hub aimed at expanding the skilled human capital base. The fourth and last element is the creation and development of a digital platform offering innovative solutions to enhance guest experiences and streamline operations whilst focusing on developing advanced technology solutions that integrate technology and hospitality.
In the first quarter ended 31 March 2024, Caledonia Mining Corporation Plc achieved a 6% increase in gold production at Blanket to 17,050 ounces, compared to 2023. This was despite a 9.3% decrease in production days in the period under review against prior corresponding period due to production cut-off for gold delivery. In the quarter under review, Blanket sold 18,450 ounces of gold, a 17% growth against 15,797 ounces sold in Q1 2023. Additionally, Caledonia reiterated 2024 gold production guidance at Blanket of 74,000 to 78,000 ounces.
Financial Results: Datvest ETF
Datvest Modifed Consumer Staples Exchange Traded Fund (Datvest ETF) announced its financial results for the year ended 31 December 2023. The ETF helps investors to invest in various counters on the ZSE and the VFEX through the Datvest ETF basket which comprise of consumer staples such as Delta, Innscor, National Foods, Meikles, Simbisa Brands, OK Zimbabwe, TSL, Dairiboard, Hippo and African Distillers. The Datvest ETF achieved an inflation adjusted profit after tax of ZWL255.2 million, compared to a loss of ZWL1.6 billion in prior year, due to fair value gains in inflation adjusted terms on equity investments. The Fund manager declared a final dividend of ZWL58.20cents per unit on the 28th of March 2024, and will be paid in United States Dollar at US$0.0095cents per unit.
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