Top 10 gains drive ZSE 3pc gain
By ETimes The All Share Index soared 660.42 points representing a 3,20 percent gain to close at 21 303.44 points on Friday. Listed diversified goods retailer Axia has appointed Mr.…
Koumides bids adieu to Axia, Rambanepasi takes over
By ETimes Listed diversified goods retailer Axia has appointed Mr. Ray Rambanepasi as their new group chief executive officer, following the resignation of long time serving Mr. John Koumides. In…
Banks’ capital adequacy ratio hits 35,45%
By ETimes Reserve Bank of Zimbabwe (RBZ) quarterly banking sector report for the third quarter of 2022 has revealed that the country’s banks have high capitalisation thresholds, sound asset quality,…
ANALYSIS| Declining Output Drags BNC to US$5.4mln After Tax Loss
By ETimes Financial Performance Highlights Commentary and Analysis With nickel performing well the company would have been expected to perform strongly. The unforeseen nature of the issue that drove the…
ZSE ascends for third trading day but turnover slides
By ETimes For the third time this week, the Zimbabwe Stock Exchange closed in the positive region, rising by 2.76% at the close of trading on Thursday. The market breadth…
More downward pressure on local rental incomes
By ETimes Bard Santner, a local investment management firm has said local rental incomes will continue to be depressed in the short to medium term. The investment management firm has…
Forex Reserves, 2023 current account surplus will not help
By ETimes Zimbabwe is forecasted to have a current account surplus in 2023, but rating agency Fitch Ratings feels the surplus will not be able to help our foreign currency…
Equities gain $43.47 billion as bull run enters second day
By ETimes The Zimbabwe Stock Exchange strengthened 1.79% on Wednesday, helped by select heavyweight stocks, as the bourse reported its second gain for the shortened week. Accordingly, the mainstream ZSE…
MFIs’ net profit rose to $9.7bn in Q3
By ETimes The number of registered microfinance institutions (MFIs) in Zimbabwe rose to 196 during the third quarter ended 30 September 2022 from 176 in the comparative period against a…
Half-Year Revenues Hit $129 billion as OKZim Anchors Growth on Diversification
By ETimes Financial Performance Highlights Commentary and Analysis The results suggest OKZim is getting squeezed by its ZWL invoicing local suppliers, as implied by the sharp decline in the gross profit…