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…
Truworths feel the heat from tight monetary policy
TweetShareSharePin0 Shares…delays further release of results By ETimes Clothing retailer Truworths says it has suspended all Zimbabwean dollar credit sales occasioned by the tight monetary regime. This month, the apex…
Back in the black, ART looks to finish expansionary capital investment program
TweetShareSharePin0 SharesBy ETimes Amalgamated Regional Trading (ART) reported moderate growth after its key business units, both local and regional, remained resilient in the fiscal year ended September 30, 2022, despite…
Industry, commerce capacity utilization grows to 63% but business confidence wanes: ZNCC
TweetShareSharePin0 SharesBy ETimes Capacity utilisation in industry and commerce increased by 15.5 percentage points in 2022 to 63% from 45.5% in 2021, boosted primarily by performance in information and communication…
Gold coins mopped up $13.6bn since July: RBZ
TweetShareSharePin0 SharesBy ETimes Gold coins have mopped up $13.6 billion from the market since their introduction in July this year, the latest data shows. The country took the unprecedented step…
Delta’s FY23 revenue seen at US$807 mln
TweetShareSharePin0 SharesBy ETimes Delta Corporation’s lager and sorghum beer volumes are expected to rise in the short term thanks to the ongoing capital expenditure, a local equities group has said.…