Pick n Pay’s share of TM’s reported earnings slips to just R1.1mln
TweetShareSharePin0 SharesBy ETimes HARARE – South African retail giant Pick n Pay says its share of TM Supermarkets Zimbabwe earnings, before any hyperinflation net monetary adjustments, for the 26 weeks…
ZSE gains 2.36% as ZWL depreciates to ZWL5,688/US$
TweetShareSharePin0 SharesBy ETimes HARARE – It was another positive day for the Zimbabwe Stock Exchange (ZSE) on Wendesday as it closed higher by 2.36% on the back of sustained buying…
Choppies receives US$125K in weekly instalments of blocked funds
TweetShareSharePin0 SharesBy ETimes Regional retailer Choppies says it is recovering some of the US$29,62 million in funds blocked in Zimbabwe. The term blocked funds describes money that a foreign company…
Shepco merger with Haggie Rand Zimbabwe approved
TweetShareSharePin0 SharesBy ETimes In a bid to survive and not close doors Haggie Rand Zimbabwe, a steel wire manufacturer has seen Shepco Industrial Supplies acquire a significant chunk of ownership according…
ZBFH appoints Luxon Zembe as new chair
TweetShareSharePin0 SharesBy ETimes HARARE – ZB Financial Holdings Limited has announced the appointment of Luxon Zembe as its new chairman, effective from 1st August 2023 12. Zembe is a prominent…
ZSE appreciates by $30.36bn as new week begins positive
TweetShareSharePin0 SharesBy ETimes HARARE – The Zimbabwe Stock Exchange (ZSE) began the week on a bullish note as gains on 7 stocks led to a 0.31% increase on the mainstream…
ZERA poised to licence 200MW wind power project
TweetShareSharePin0 SharesETimes The Zimbabwe Energy Regulatory Authority (ZERA) says it is intensifying efforts to tap into wind energy for power generation to cover the huge energy deficit. The energy crisis…
Public and private effort spur agriculture sector
TweetShareSharePin0 SharesBy ETimes Government has allowed major private sector participation in the agriculture sector and this has led to a combined effort which has led to the rapid recovery of…
Investors gain $19.91bn as ZSE advances by 0.10%
TweetShareSharePin0 SharesBy ETimes HARARE – The Zimbabwe Stock Exchange (ZSE) made a marginal 0.10% gain in the last trading session of the week. Today’s performance comes as the ZSE market…
First Capital says new head office capex is ‘a double-digit amount in USD’
TweetShareSharePin0 SharesBy ETimes HARARE – VFEX-listed First Capital Bank expects the construction of its new head office in Borrowdale to be completed within a year’s time, saying that it is…