EcoCash full year EBITDA margins seen 5pct positive
By ETimes Financial services firm IH Securities expects Ecocash Holdings’ (EcoCash) earnings before interest, taxes, depreciation and amortisation (EBITDA) margins to be positive at five percent in the full year…
Changes in Tongaat Hulett Botswana will not affect our shareholding – Starafrica
By ETimes Starafrica Corporation Limited says ‘do not see the changes’ in Tongaat Hulett Botswana (THB) affecting its shareholding. This comes as Tongaat Hulett is poised to sell its investments…
The Banker magazine names Stanbic as bank of the year in Zim
By ETimes Stanbic Bank has been selected 2023 Bank of the Year in Zimbabwe by world renown London-based magazine, The Banker, cementing its place as one of the country’s leading…
Powerspeed topline up 125,72% in FY23
By ETimes Powerspeed Electrical revenue increased 125.72% to $389.51 billion in the year ending 30 September 2023 from $172.56 billion in the comparative period thanks to volume growth. Like any…
BNC H1 loss before tax widens amid softening commodity prices
By ETimes Bindura Nickel Corporation posted a wider first-half loss before tax of US$8.88 million from a US$5.47 million a year earlier owing to low nickel prices. This comes as…
Innscor Africa says trading continues to be ‘relatively solid’
By ETimes Innscor Africa expects increased volume growth during the festive period, usually associated with growing demand for products, despite the challenging operating environment. “I don’t really have anything further…
CBZ shares gain 5.30% after board changes
By ETimes CBZ Holdings shares on Wednesday gained 5.30% to close at $2,096.50 after board changes. This follows the retirement of CBZ Holdings Limited chairman Marc Holtzman and group chief…
ANALYSIS| Econet Wireless outlook looks more positive amid rapid dollarisation
By ETimes Financial Performance Highlights Commentary and Analysis The figures above point to stability, with most of the analysis metrics relatively static. So, the main difference maker seems to have…
Sino-Zim cement plant back online
By ETimes Sino Zimbabwe Cement Company (Sino-Zim) powered its newly refurbished plant during the week as it came back online after 3 months of no production. The plant upgrade helped…
ANALYSIS| Rising Interest Rates Cause Concern as CBZ 9-Month Revenue Reaches ZWL$1.5 trillion
By ETimes Commentary and Analysis The relatively stable currency environment of Q3 saw a moderate recovery in the groups balance sheet, with total assets and deposits closing marginally higher, although…