Is the fully integrated Food Lover’s operation going to help OKZim get back on track?
By ETimes Financial Performance Highlights Commentary and Analysis Its a set of financial statements that aligns with the prevailing economic environment. Declining sales combined with rising overheads and borrowing costs…
Equities reverse losses, investors gain $201.88 billion
By ETimes HARARE – The Zimbabwe Stock Exchange (ZSE) ended higher on Friday, reversing some of the losses of the previous day’s session as the mainstream index appreciated 2.01% to…
IH worries liquidity constraints might stifle BAT Zim H2 volumes
By ETimes HARARE – BAT Zimbabwe, a listed cigarette manufacturer, is still susceptible to liquidity cycles, which have continued into the second half of 2023, warned IH Securities (IH). This…
Stock investors lose $25.65bn in midweek session
By ETimes HARARE – Investors on the Zimbabwe Stock Exchange (ZSE) on Wednesday lost $25.65 billion in a trading session amid sell pressure on bellwethers. Specifically, the market capitalisation shed…
African Sun, financiers discuss standby financing facilities
By ETimes HARARE – Hospitality and tourism group African Sun Limited is in talks with lenders for standby funding to spruce up the image of its hotels amid intense competition…
ZSE Opens Week Positive, Gains 5.23%
By ETimes HARARE – The first trading session of the new week on the Zimbabwe Stock Exchange closed on a positive note today after trading 5.23% higher. As measured by…
Vast Resources prepares to sell 129,400 carats of rough diamonds
By ETimes HARARE – Vast Resources says it is getting ready to sell 129,400 carats of rough diamonds that have been in the custody of the Reserve Bank of Zimbabwe…
Hippo decries informal traders, forecasts higher borrowings
By ETimes HARARE – Hippo Valley Estates sugar production for the 5 months to August 2023 declined by 9% 66,319 tonnes from 72,058 tonnes in the comparative period last year,…
NTS closes 4 branches amid volume performance, locational challenges
By ETimes HARARE – National Tyre Services (NTS) overall unit performance rose 27% in the first 5 months to August this year, underpinned by improved stock supply despite closing non-performing…
ZHL says infrastructure, landmark developments drive ‘progressing well’.
By ETimes Zimre Holdings expects to start construction on its first project in the second half of 2023, as the infrastructure and landmark projects programme is moving along nicely. This…