Persistent price changes dents OK Zim’s Q3, YTD volumes
By Stephen Chandisareva HARARE – Retail giant OK Zimbabwe suffered the impact of a difficult market as it reported a 32% decline in year-on-year volumes in the third quarter. It…
Stock market extends losing streak to six days
By Stephen Chandisareva HARARE – The Zimbabwe Stock Exchange fell further on Friday, extending its losing streak to six consecutive trading sessions. Fifteen counters, led by Meikles, recorded price losses…
Tanganda announces further regional expansion as revenue shrinks
By ETimes HARARE – Tanganda Tea Company has increased efforts to generate income through regional expansion after witnessing a drop in topline for the first quarter ended 31 December 2023.…
Hippo’s Oct-Dec sugar output drops 6% y/y
…says there are high stocks of imported sugar in the market By ETimes HARARE – Hippo Valley Estates produced 194 684 tonnes of sugar for the third quarter ended 31…
Dairibord sees block deal worth $7.1 billion
By ETimes HARARE – Equities trading on the Zimbabwe Stock Exchange (ZSE) on Thursday ended in the south zone as bears persisted for the fifth consecutive time. With 1.65% depreciation,…
Volume growth, inflationary pricing lift Nampak Q1 revenue
By Stephen Chandisareva HARARE – Nampak Zimbabwe reported an inflation-adjusted revenue of $172.5 billion in the first quarter of the fiscal year 30 September 2024, which went up 19% from…
NTS new tyre sales volumes up 15% year to date
By ETimes HARARE – National Tyre Services (NTS) saw a 15% growth in new tyre sales volume for the nine months ended 31 December 2023 compared to the previous period,…
ZHL, African Sun sees block trading deals
By ETimes HARARE – Trading activities on the floor of the Zimbabwe Stock Exchange (ZSE) turned bearish for the fourth consecutive trading session on Wednesday as investors are waiting for…
IMF Staff adds voice to elimination of 10% trading margin
By Stephen Chandisareva HARARE – The International Monetary Fund (IMF) has joined local industrialists in calling for ditching the use of the official exchange rate with a capped margin of…
NTS powers through Q3 challenges with steady growth
By ETimes Amidst a backdrop of economic turbulence marked by volatile foreign exchange rates and erratic electricity generation, National Tyre Services (NTS) demonstrated resilience and agility, achieving commendable growth in…