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…
CFI shareholders reject appointment of Nziradzemhuka, Kudenga to board of directors
TweetShareSharePin0 SharesBy ETimes Shareholders at CFI Holdings rejected the appointments of Chakanyuka Nziradzemhuka and Stanley Kudenga to the board of directors. They were mostly representing Stalap Investments. With 16 years…
Rights Issue Confute: Econet, EcoCash US$30m proposed offer
TweetShareSharePin0 SharesBy ETimes In order to redeem the existing debentures in the capital of both companies, Zimbabwe Stock Exchange (ZSE) listed telecommunications company Econet Zimbabwe and its offshoot, EcoCash Holdings,…
Dollarisation, inflationary pressures choke Bridgefort shares
TweetShareSharePin0 SharesBy ETimes Bridgefort Capital, formerly MedTech Holdings, says the operational environment remained challenging and unpredictably structured in 2022, making shares unappealing to the market. This comes as business activities…
Air Zimbabwe must not get preferential treatment
TweetShareSharePin0 SharesBy ETimes The minister of transport and infrastructural development Hon. Felix Mhona, urged the national carrier, Air Zimbabwe to move with the times and be more competitive as the…
NatFoods to register partial recovery in volume performance
TweetShareSharePin0 SharesBy ETimes Food processor National Foods Holdings Limited will record a partial volume performance rebound over the second half of the year, according to local equities group IH Securities…