• Tue. Nov 29th, 2022

Month: November 2022

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  • ANALYSIS| Exchange Losses Drag Econet Wireless to ZWL$5.78bln HY1 After Tax Loss

ANALYSIS| Exchange Losses Drag Econet Wireless to ZWL$5.78bln HY1 After Tax Loss

By Yona Banda Financial Performance Highlights Listed telecommunications group Econet Wireless reported an after tax loss of ZWL$5.8 billion for its half-year ended 31 August 2022. The performance was an…

ZSE opens the week in red

By ETimes The Zimbabwe Stock Exchange opened the new trading week slightly lower as investors profited from recent gains. However, market breadth closed positive as 10 gainers were reported compared…

Price pressures will ease back in 2023 in all African states except Zim: EIU

By ETimes The Zimbabwean dollar will be among the weakest currencies in the world next year, a new report shows. Since May, the southern African nation has instituted a number…

Equities reverse losses, investors gain $4.6bn

By ETimes The Zimbabwe Stock Exchange reversed a negative trend of eleven day losses with a $4.6 billion gain on Friday amid  impact of fiscal challenges. Accordingly, the ZSE All-Share…

African Sun YTD occupancies rose to 45%, cautiously optimistic about outlook

By ETimes African Sun, which operates a chain of luxury hotels and lodges across the country, said occupancy levels for the nine months ended 30 September 2022 rose to 45%…

Weak Revenue Growth As EcoCash Holdings Incurs ZWL$491mln Half-Year After Tax Loss

By Yona Banda Financial Performance Highlights Listed fintech group EcoCash Holdings announced a ZWL$2.6 billion after tax loss for its half-year ended 31 August 2022, down 81% from the 2021…

ZB Ranks No. 2 on Firms with highest Half Year USD Earnings Increases in Africa

By ETimes …as Equities extends negative outlook The Zimbabwe Stock Exchange (ZSE) extended its negative trend for the eleventh day in a row, as the ZSE All Share Index fell…

Delta embarks on capacity expansion drive in FY23

By ETimes Listed beverage maker, Delta Beverages embarked on capacity growth across all its sectors with four new production lines to be commissioned in the next six months. The beverage producer…

Heavyweights drive ZSE to a 0.93% fall

By ETimes During the mid-week trading session, the ZSE All Share Index lost 129.89 points or 0,93 percent to close the trading session at 13 808.13 points. The Top 10…

Hyperinflation in Zimbabwe skews PPC’s results

By ETimes Cement maker PPC says it is having difficulty producing group financial results due to inflation accounting in Zimbabwe, and that it would be more prudent to examine the…