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  • Nampak pays $1.27bn to Deloitte, appoints PWC as new external auditor

Nampak pays $1.27bn to Deloitte, appoints PWC as new external auditor

By ETimes HARARE – Nampak Zimbabwe on Wednesday appointed Price-Waterhouse Coopers (PWC) as the new external auditor until the conclusion of the next annual general meeting after Deloitte & Touche…

CBZ shares gains after issuing 13th cautionary statement

By Stephen Chandisareva HARARE – CBZ Holdings shares gained by 3.93% on Wednesday after issuing the 13th cautionary statement relating to the process of securing the necessary regulatory clearance to move…

FML shares trade flat after filing an application to review corrective order

By ETimes HARARE – First Mutual Holdings Limited shares were flat at $3,600.00 after filing a lawsuit to defend its legal rights because they disagreed with the conclusions made in…

Persistent price changes dents OK Zim’s Q3, YTD volumes

By Stephen Chandisareva HARARE – Retail giant OK Zimbabwe suffered the impact of a difficult market as it reported a 32% decline in year-on-year volumes in the third quarter. It…

Tanganda announces further regional expansion as revenue shrinks

By ETimes HARARE – Tanganda Tea Company has increased efforts to generate income through regional expansion after witnessing a drop in topline for the first quarter ended 31 December 2023.…

Hippo’s Oct-Dec sugar output drops 6% y/y

…says there are high stocks of imported sugar in the market By ETimes HARARE – Hippo Valley Estates produced 194 684 tonnes of sugar for the third quarter ended 31…

Dairibord sees block deal worth $7.1 billion

By ETimes HARARE – Equities trading on the Zimbabwe Stock Exchange (ZSE) on Thursday ended in the south zone as bears persisted for the fifth consecutive time. With 1.65% depreciation,…

Volume growth, inflationary pricing lift Nampak Q1 revenue

By Stephen Chandisareva HARARE – Nampak Zimbabwe reported an inflation-adjusted revenue of $172.5 billion in the first quarter of the fiscal year 30 September 2024, which went up 19% from…

NTS new tyre sales volumes up 15% year to date

By ETimes HARARE – National Tyre Services (NTS) saw a 15% growth in new tyre sales volume for the nine months ended 31 December 2023 compared to the previous period,…

NTS powers through Q3 challenges with steady growth

By ETimes Amidst a backdrop of economic turbulence marked by volatile foreign exchange rates and erratic electricity generation, National Tyre Services (NTS) demonstrated resilience and agility, achieving commendable growth in…