ZSE turnaround continues as inflation cools
By ETimes The bullish run in the stock market occasioned by the release of half year results continued in the week’s opening but under weak activity as the liquidity crunch…
African Sun Bouyed by Rebounding Tourism as After Tax Profits Reach ZWL$6.1bn
By Yona Banda Financial Performance Highlights Listed hospitality and tourism group African Sun Limited announced net profit after tax of ZWL$6.1 billion for its half year ended 30 June 2022.…
Investors gain $128.51bn as equities close higher
By ETimes Trading activities on the Zimbabwe Stock Exchange (ZSE) on Friday ended on a positive note, occasioned largely by gains in select heavyweights. The mainstream ZSE All Share Index…
ANALYSIS| Regional Business Thrives as First Mutual Holdings GPW Hits ZWL$22bn
By ETimes Financial Performance Highlights Listed insurance group First Mutual Holdings announced a ZWL$16.9 billion for its half year period ended 30 June 2022. In inflation adjusted terms, the groups…
ANALYSIS| Fair Value Gains Drive First Mutual Properties to ZWL$25bn After Tax Profit
By ETimes Financial Performance Highlights ZSE listed property concern First Mutual Properties earned a Net Profit After Tax of ZWL$25 billion. The performance was a return to profitability following fair…
Proplastics expects to report fairly amid rise in USD transactions
By ETimes With the increased usage of the US dollar in the market in settling transactions, Proplastics says it will help to present its accounts fairly and limit its participation…
Star Africa full year operating profit up 255%
By ETimes Star Africa posted on Thursday a rise of 255% in full-year operating profit, but the sugar manufacturer continues to make an effort to find the whereabouts of the…
ZSE extends bullish sentiment, investors gain $47.3bn
By ETimes The local bourse on Thursday gained 3.80%, extending bullish sentiment to two consecutive trading sessions in the week. After 11 consecutive sessions in the negative, share prices started…
Delayed payments drag down Masimba’s half-year cash flows
…posts 75% jump in order book By ETimes Masimba Holdings’ order book was worth about US$145 million in the first six months of 2022, up from $83 million in the…
ZIMRE Holdings says business environment is fragile in the region
By ETimes In its half year to June 30, 2022, ZIMRE Holdings said it experienced a mixed business environment in the jurisdictions it operates in. “The 2022 operating environment has taken…