Expectations for the Mid-Term Budget Update
By ETimes The Ministry of Finance and Economic Development is expected to provide its mid-term fiscal budget update soon. These are the key expectations for the upcoming presentation: 1. Supplementary…
ANALYSIS| CBZ Holdings Deposits Edge To ZWL$1 trillion in Q1 2023
By ETimes Highlights Our Thoughts The group marginally increased its share of the total banking sector deposits to 34%. With its acquisition of ZB Holdings, the group’s position in the…
Begrudging Steps To Exchange Liberalization Or Too Little Too Late?
By Yona Menon Banda The main take appears to be that by allowing for a “market determined” exchange rate, the interbank will be allowed to align with the parallel market…
ANALYSIS| Buoyant Lager Sales Drive Delta Corp to ZWL$63.1 bn PAT in FY23
By ETimes Financial Performance Highlights Commentary and Analysis Its a fair set of results for the group, with decent growth in revenues and sales volumes. Analysis puts the USD estimate…
ANALYSIS| Bargain Gains Drive ZBFH to ZWL$34.7 bln After Tax Profits in FY22
…as Organizational Transformation Takes Shape By ETimes Financial Performance Highlights Commentary and Analysis Its a performance driven in large part by forex trading income, fair value and monetary gains, and…
ANALYSIS| Recovering Tourism Drives African Sun Revenues to ZWL$31.8 billion in FY22
By ETimes Financial Performance Highlights Commentary and Analysis Though obscured somewhat by the bargain gains reported in the previous financial year, its a strong performance by the hospitality group. On…
ANALYSIS| Operating Environment Weighs on Dairibord as FY22 After Tax Profits Hit ZWL$1.8 bln
By ETimes Financial Performance Highlights Commentary and Analysis Its a financial performance that was weighed down by the general challenges associated with the local business environment. The reduced cash flows…
ANALYSIS| Spike in Agric Claims Drag ZimRe Profits 57% Lower to ZWL$4.1 bln in FY22
By ETimes Financial Performance Highlights Commentary and Analysis The group highlighted the adverse impact of a spike in agriculture insurance claims on its financial performance. It definitely played a part in…
Fair Value Gains Boost First Mutual to ZWL$24 bln After Tax Profit in FY22
By ETimes Financial Performance Highlights Commentary and Analysis The high bottomline growth was primarily due to the upward fair value adjustments of the groups investment properties. Otherwise, total income growth from…
ANALYSIS| NMBZ Looks for Growth in Diversification as Profits Hit ZWL$12 billion in FY22
By ETimes Financial Performance Highlights Commentary and Analysis Operating income growth at 63% against 57% growth in operating expenditures paints a less flattering picture than the headline 87% after tax profit…