ANALYSIS| Recovering Tourism Drives African Sun Revenues to ZWL$31.8 billion in FY22
By ETimes Financial Performance Highlights Commentary and Analysis Though obscured somewhat by the bargain gains reported in the previous financial year, its a strong performance by the hospitality group. On…
ANALYSIS| Operating Environment Weighs on Dairibord as FY22 After Tax Profits Hit ZWL$1.8 bln
By ETimes Financial Performance Highlights Commentary and Analysis Its a financial performance that was weighed down by the general challenges associated with the local business environment. The reduced cash flows…
ANALYSIS| Spike in Agric Claims Drag ZimRe Profits 57% Lower to ZWL$4.1 bln in FY22
By ETimes Financial Performance Highlights Commentary and Analysis The group highlighted the adverse impact of a spike in agriculture insurance claims on its financial performance. It definitely played a part in…
Fair Value Gains Boost First Mutual to ZWL$24 bln After Tax Profit in FY22
By ETimes Financial Performance Highlights Commentary and Analysis The high bottomline growth was primarily due to the upward fair value adjustments of the groups investment properties. Otherwise, total income growth from…
ANALYSIS| NMBZ Looks for Growth in Diversification as Profits Hit ZWL$12 billion in FY22
By ETimes Financial Performance Highlights Commentary and Analysis Operating income growth at 63% against 57% growth in operating expenditures paints a less flattering picture than the headline 87% after tax profit…
ANALYSIS| Elusive Economic Growth of Zimbabwe
By Newton Mambande The Zimbabwean economy is presented with a number of opportunities to become one of the top first-world countries. This is because of its diversified range of resources,…
How can Zim stabilize its currency?
By Newton Mambande Today, Zimbabwe is facing insurmountable cash economic challenges credited to a multiplicity of factors, including political, economic and social. It is, however, argued that most of the…
Profits Rebound to ZWL$17bn as Mash Holdings Taps Investor Demand
By ETimes Financial Performance Highlights Commentary and Analysis Zimbabwe’s real estate sector has drawn increasing attention as local investors look for safety against inflation risk or a secure store of…
ANALYSIS| Axia Corp Defies Consumer Depression with $9bn Profit, Targets Expansion
By ETimes Financial Performance Highlights Commentary and Analysis It is a fair set of financial results in an economy not configured to support high-value credit-oriented retail – with its low formal…
Who is the Next Apex Bank Chief After Mangudya?
By ETimes The governor of the Bank Zimbabwe (RBZ), Dr. John Panonetsa Mangudya’s tenure as the chief at the apex is expected to end in May 2024. Many political scientists,…