Hippo invests more than ZWL$29mln in mills and packing stations
By ETimes Hippo Valley Estates, one of the country’s largest sugarcane producers, says it has invested over ZWL$29 million to improve the operational efficiencies of its machines. As the local…
ANALYSIS| GetBucks Targets Recapitalization as After-Tax Loss Narrows to ZWL$44mln
By Yona Banda Financial Performance Highlights Listed microfinance bank GetBucks Limited remain in the red an inflation adjusted after tax loss of ZWL$44.4 million for the half year period ended…
General Beltings to remain listed on ZSE
By ETimes General Beltings, a Zimbabwe Stock Exchange (ZSE) company will remain listed on the local bourse after minority shareholders shun a mandatory offer by the major shareholder. In 2020, Shabanie…
Sell-off continues on ZSE on Wednesday
By ETimes The local bourse fell for a fifth day on Wednesday, largely occasioned by the negative outing of heavyweight stocks. Mining companies generally haven’t over-invested in new projects while…
Official exchange rate weakens as equities record fourth consecutive loss
By ETimes The Zimbabwe Stock Exchange (ZSE) fell 2.10% on Tuesday, the fourth consecutive session, as shares continued to lack stimulus for a positive pull. This is already making some…
Unifreight poised to regain full trucker market share after investing US$5mn
By Almot Maqolo Logistics firm Unifreight has invested at least $5 million in a new fleet of 50 trucks with the goal of increasing market share while also contributing to…
4 in 10 youths were unemployed in Q2: Report
…as stocks begin the week on a low note The local bourse on Monday lost 0.25%, extending bearish sentiment to three consecutive trading sessions. As a result, the market capitalisation…
RTG’s Inflation Adjusted Profits Surge 3000% to ZWL$1.3 bn in HY1 2022
By Yona Banda Financial Performance Highlights Hospitality group Rainbow Tourism Group (RTG) Limited saw its after tax profits surge to ZWL$1.3 billion in inflation adjusted terms for the half year…
Equities close Friday in red
By ETimes The Bears maintained control of activities on the local bourse to extend their negative outing into the second consecutive session. On Friday, the mainstream ZSE All Share Index…
Hyperinflation Weighs on Zimpapers as Inflation Adjusted PAT Shrink to ZWL$67.4mn
By Yona Banda Financial Performance Highlights Listed media company Zimpapers announced an inflation adjusted after tax profit of ZWL$67 million for its half-year ended 30 June 2022. The bottomline growth…