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Month: November 2023

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  • ZSE opens week on a positive note, gains $147.06bn

ZSE opens week on a positive note, gains $147.06bn

By ETimes Trading activities at the Zimbabwe Stock Exchange (ZSE) started the week on a positive note, as its, All Share Index (ASI) rose by 0.92% to close at 182,945.06…

ANALYSIS| Subdued Consumer Demand As Meikles PAT Falls 15% to ZWL$9.6 billion in HY23

By ETimes Financial Performance Highlights Commentary and Analysis  The performance suggests the challenging operating environment had an adverse effect on the group’s performance. Moderate improvement in gross profit margins was…

ANALYSIS| Econet Wireless outlook looks more positive amid rapid dollarisation

By ETimes Financial Performance Highlights Commentary and Analysis The figures above point to stability, with most of the analysis metrics relatively static. So, the main difference maker seems to have…

Sino-Zim cement plant back online

By ETimes Sino Zimbabwe Cement Company (Sino-Zim) powered its newly refurbished plant during the week as it came back online after 3 months of no production. The plant upgrade helped…

ANALYSIS| Rising Interest Rates Cause Concern as CBZ 9-Month Revenue Reaches ZWL$1.5 trillion

By ETimes Commentary and Analysis The relatively stable currency environment of Q3 saw a moderate recovery in the groups balance sheet, with total assets and deposits closing marginally higher, although…

Econet back in black, posts $63.65bn profit in 1H23

By ETimes Econet Wireless Zimbabwe has moved from a loss-making position to post $63.65 billion for the half year ended 31 August 2023. The telecom giant has focused on improving…

ZSE halts downturn, records negligible gain

By ETimes The Zimbabwe Stock Exchange recorded a marginal gain on Tuesday to halt the previous loss. Today’s performance comes as the Zimbabwean dollar depreciated by a negligible 0.32% to…

Zim platinum output hit an all-time high of 129koz in Q3

By ETimes Zimbabwe’s platinum production rose 11% in the third quarter of 2023 to an all-time high of 129 000 ounces, the World Platinum Investment Council (WPIC) latest report shows.…

ANALYSIS| Profits Surge as Delta Revenues Reach ZWL$1.9 Trillion in HY23

By ETimes Financial Performance Highlights Commentary and Analysis Its a financial performance that is largely reflective of Delta’s dominant position in Zimbabwe’s consumer landscape, with half-year revenues and total assets…

ZSE opens week with losses, sheds $108.6bn

By ETimes The Zimbabwe Stock Exchange opened the week on a negative note, shedding $108.6 billion due to losses in largely capitalised stocks as investors in a wait-and-see mood consider…