CAFCA share price closes flat despite forex sales surge
TweetShareSharePin0 SharesBy ETimes CAFCA’s share price closed flat on Monday despite recording a significant increase in the proportion of foreign currency sales during the quarter ended June 30, 2023 to…
Turnall raises US$8 million through rights issue
TweetShareSharePin0 SharesBy ETimes Turnall Holdings, a building material manufacturer, says it has raised $36.94 billion for recapitalisation through a rights issue of 3.8 billion shares. Rights are typically offered by…
35% of EcoSure’s clients migrate to USD book
TweetShareSharePin0 SharesBy ETimes EcoSure, a subsidiary of EcoCash Holdings Limited Zimbabwe, says it managed to provide for its clients by paying claims totaling more than $1.9 billion for the full…
Shipping delays drag down Ariston export sales volumes in Q3
TweetShareSharePin0 SharesBy ETimes Ariston Holdings’ macadamia export sales volumes for the third quarter ended 30 June 2023 fell 35% to 513 tonnes from 785 tonnes sold in the prior comparative…
NTS chair gives positive outlook on tyre demand
TweetShareSharePin0 SharesBy ETimes National Tyre Services (NTS) says it will continue to prioritise cost control and better market outreach initiatives in order to boost the inventory turnover ratio and improve…
Nedbank launches American Express merchant acceptance in Zim
TweetShareSharePin0 SharesBy ETimes Nedbank, in a bid to improve its overall offering, especially to tourists and attract more dollars, has launched an American Express merchant acceptance in Zimbabwe. It is…
CBZ’s gross PML for short term insurance seen at US$736.74mln
TweetShareSharePin0 SharesBy ETimes CBZ Holdings has estimated the gross Probable Maximum Loss (PML) for its short-term insurance to be US$736.74 million for the year to 31 December 2022 citing the…
ZHL shares fall amid growing anxiety over Eagle REIT’s listing
TweetShareSharePin0 SharesBy ETimes ZimRe Holdings on Friday said its Eagle Real Estate Investment Trust (REIT) will be launching two signature developments in Mazowe and Victoria Falls as it looks to…
Natbrew’s full year loss per share seen rising by 98%
TweetShareSharePin0 SharesBy ETimes National Breweries (Natbrew), a unit of Delta Corporation Zimbabwe, says its loss per share could slip into a bigger-than-expected loss in the year ended 31 March 2023…
Ready-to-Drink alcohol drives Afdis volumes
TweetShareSharePin0 SharesBy ETimes Listed spirits and ciders manufacturer Afdis has seen volumes grow in the first quarter of 2024 ending June 30, 2023 driven by the ready-to-drink segment. Afdis company…