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Month: September 2023

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  • ZSE opens week with $539.37 billion loss

ZSE opens week with $539.37 billion loss

By ETimes HARARE – The Zimbabwe Stock Exchange (ZSE), started the week on a negative note with a loss of $539.37 billion. In summary, the mainstream ZSE All Share Index…

Cottco says external audits delayed on failure to have directors

By ETimes Cottco says the external audits have come to a standstill since the firm lacked a board of directors to approve the previously audited financial statements. Since 2001, KPMG…

Mash Holdings shares tick up after announcing interim dividend

By ETimes HARARE – Trading activities on the Zimbabwe Stock Exchange (ZSE) closed in the red on Friday, making it the second consecutive day of losses this week. The mainstream…

PPC Zimbabwe’s 30 MW solar PV plant ready for construction

By ETimes HARARE – Pretoria Portland Cement (PPC) says electrical energy performance at its Bulawayo and Harare milling facilities for the year ended 31 March 2023 (FY23), regressed owing to…

ANALYSIS| Newly VFEX Listed First Capital Sees After Tax Profits Rise to US$4.3 million

By ETimes Financial Performance Highlights Commentary and Analysis The sizeable growth of peer banks reporting in ZWL denominated accounts makes it difficult to put First Capital Banks financial results into…

Stocks inch up amid signals to improve investor environment

By ETimes The Zimbabwe Stock Exchange maintains its northward movement as authorities signal an increased focus on improving the investor environment. This comes as the Ministry of Finance and Economic…

Uncertainty clouds Zimbabwe’s outlook – Report

By ETimes HARARE – The Zimbabwe economic outlook remains uncertain on expected policy continuity, which will be challenging amid a struggling economy, the latest report shows. This comes after President…

Vingirai, ZB Holdings dispute drags CBZ acquisition deal

By ETimes Financial institution CBZ Holdings has issued another cautionary statement in which it says it is in discussion to takeover a complimentary business. Group chief governance officer Rumbidzayi Jakanani in…

ZSE extends gains to four consecutive sessions

By ETimes HARARE – The Zimbabwe Stock Exchange (ZSE) closed higher for the fourth consecutive session on gains in shares of select heavyweights. The mainstream ZSE All Share Index gained…

ANALYSIS| NMB Holdings Invades FinTech Space as PAT Rises to ZWL$195 billion in HY23

By ETimes Financial Performance Highlights Commentary and Analysis The increasing consolidation in the banking sector raises a lot of questions for the “middle of the pack” players like NMB. The…