Turnall commits to remain listed
TweetShareSharePin0 SharesBy ETimes Turnall announced that it will remain listed despite its two major shareholders increasing their ownership in the listed manufacturer. Company secretary Lizzy Samunda in a statement said, “Zimbabwean…
NMB biting a piece of the remittance cherry
TweetShareSharePin0 SharesBy ETimes NMB Zimbabwe (NMB) a financial services provider said it has successfully launched its remittance arm, NMBRemit as a way to increase its products to the general population. Violet…
Afdis estimates full year FX revenue to be US$49.4 million
TweetShareSharePin0 SharesBy ETimes Volumes, a key indicator of demand, for Afdis rose 18% for the year ended 31 March 2023, compared to the comparative period, as it now focuses on…
Turnall minority shareholders to bail out
TweetShareSharePin0 SharesBy ETimes Listed consumer discretionary firm Turnall Holdings has dramatically withdrawn its cautionary statement in which it said it was seeking a rights offer in order to finance recapitalization.…
Old Mutual Zim attacks fintech space
TweetShareSharePin0 SharesBy ETimes Listed financial services firm Old Mutual Zimbabwe has entered the financial technology (Fintech) space with the launch of its own subsidiary. Old Mutual Digital Services (Private) Limited…
Dairibord makes renewed push to enter new export markets
TweetShareSharePin0 SharesBy ETimes Dairibord, the country’s largest milk processor, expressed concern over the duration of the borrowings, where many financial institutions lend money on short terms at high interest rates,…
Proplastics sees raw material costs dwindle in Q1
TweetShareSharePin0 SharesBy ETimes Listed consumer discretionary producer Proplastics signaled that both its production and sales volumes were up 10 percent in the quarter ending March 31, 2023. In a statement…
FMP appoint Tshabalala as finance executive
TweetShareSharePin0 SharesBy ETimes First Mutual Properties has appointed Mr. Dumisani Tsabalala as their finance executive, the company said in a statement. The company said, “First Mutual Properties Limited is pleased…
FBC Holdings FY23 income seen at $406.61bn
TweetShareSharePin0 SharesBy ETimes FBC Holdings’ total income will rise by 276% to $406.61 billion in FY23 from $108.15 billion in FY22 despite a challenging operating environment, IH Securities has said.…
ANALYSIS| Monetary Losses See FCA Bank After Tax Profits Decline 27% in FY22
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis Growth in income related to the group’s core banking operations (interest + fees and commissions) at 42% was only marginally higher than…