Econet shares gain 14.82% after declaring US$15 million interim dividend
By ETimes HARARE – Shares of Econet rose 14.82% on Wednesday after the telecommunications giant declared an interim dividend of 0.55 US cents per share for the year ended 29…
Simbisa Brands: Steady Growth, Strong Margins
By Stephen Chandisareva HARARE – The major currency devaluation in key markets, particularly the Zimbabwean Dollar and Kenyan Shilling, had a significant impact on Simbisa Brands Limited’s USD income contribution.…
Zimbabwe sells first tobacco bale for $4.92 per Kilo
By Stephen Chandisareva HARARE – Zimbabwe’s tobacco industry has started off the 2024 marketing season on a positive note, with the first bale fetching an impressive US$4.92 per kilogram. This…
Market cap gains $1.48tn as price gains in big caps drive stocks up
By ETimes HARARE – The strong uptrend on the Zimbabwe Stock Exchange continued on Tuesday as investors continued to take a risk-off stance in equities, helping to build a positive…
Tinga Mira expects uptick in sales volumes
By Stephen Chandisareva HARARE – Tinga Mira sales volumes are poised to rise after its parent company, Tanganda Tea, resolved issues relating to the supply of packaging materials and the…
Bezbets convicted for failing to pay punter
HARARE – In a shocking turn of events, popular betting company Bezbets has been convicted by a Harare magistrate after it refused to pay out a punter who had won…
Milk output up 17% in January
By ETimes HARARE – Zimbabwe’s milk output rose 17% to 9.52 million litres in the first month of 2024 from 8.14 million litres in the comparative period, the latest figures…
ART posts 9% drop in battery volumes on exchange rate movements
By Stephen Chandisareva HARARE – Amalgamated Regional Trading (ART) says its battery volumes for the first four months of the year declined 9% owing to exchange rate movements. This comes…
Delayed MPS hurts stocks as investors book $1.09 trillion loss
By ETimes HARARE – The failure of policymakers to announce the 2024 Monetary Policy Statement (MPS) which was expected to be released last month, is weighing on the country’s stock…
Truworths: Margins Up, Challenges Loom
By ETimes Based on the information provided in the abridged financial results for the year ended 9 July 2023 of Truworths, here is an overall financial assessment considering the challenging…