Bard Santners’ Gold Coin Unit Trust will not list on VFEX, executive says
TweetShareSharePin0 SharesBy ETimes Bard Santner Markets has announced that its recently launched Gold Coin Unit Trust will not be listed on the Victoria Falls Stock Exchange (VFEX) because it is…
Meikles appoints EY as new auditor
TweetShareSharePin0 SharesBy ETimes Listed hospitality and retail group Meikles Limited has parted ways with Messrs. Deloitte and Touche, who have been their auditors for more than 10 years, and also…
Lafarge changes its name to Khayah, to reconstitute board
TweetShareSharePin0 SharesBy ETimes Cement buyers in Zimbabwe may be confused the next time they want to buy their cement at Lafarge Cement Zimbabwe Limited, as it has been renamed. After…
Koumides bids adieu to Axia, Rambanepasi takes over
TweetShareSharePin0 SharesBy ETimes Listed diversified goods retailer Axia has appointed Mr. Ray Rambanepasi as their new group chief executive officer, following the resignation of long time serving Mr. John Koumides.…
Banks’ capital adequacy ratio hits 35,45%
TweetShareSharePin0 SharesBy ETimes Reserve Bank of Zimbabwe (RBZ) quarterly banking sector report for the third quarter of 2022 has revealed that the country’s banks have high capitalisation thresholds, sound asset…
More downward pressure on local rental incomes
TweetShareSharePin0 SharesBy ETimes Bard Santner, a local investment management firm has said local rental incomes will continue to be depressed in the short to medium term. The investment management firm…
MFIs’ net profit rose to $9.7bn in Q3
TweetShareSharePin0 SharesBy ETimes The number of registered microfinance institutions (MFIs) in Zimbabwe rose to 196 during the third quarter ended 30 September 2022 from 176 in the comparative period against…
ANALYSIS| SeedCo Gears Up for Agricultural Season as Profits Rebound to ZWL$2.6bln
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis It’s a set of financial statements that raises some concern. The exchange gains on the USD valued receivables tied to seed…
Powerspeed shareholder equity up 14.7% in FY2022
TweetShareSharePin0 SharesBy ETimes In a year of good fortunes, the recently delisted Powerspeed saw its shareholder equity close the full year 2022 ending September 30, 2022 at $8.2 billion. Dr…
Demand for USD loans likely to remain high – IH
TweetShareSharePin0 SharesBy ETimes ADVISORY firm IH Securities says the Reserve Bank of Zimbabwe’s repricing of interest rates on current loans will push banks to generate significantly more interest income in…