NatFoods initiates substantial import program for raw maize
HARARE – National Foods Holdings has initiated an importation program for maize to cover the expected deficit owing to the EL Nino-induced drought. The company requires 200 000 tonnes of maize…
TSL: Navigating Currency Shifts and Agricultural Challenges
By ETimes HARARE – In the realm of Zimbabwe’s dynamic business landscape, TSL Group emerged as a key player in the first quarter ended 31 January 2024, showcasing adaptability in…
Simbisa Brands: Steady Growth, Strong Margins
By Stephen Chandisareva HARARE – The major currency devaluation in key markets, particularly the Zimbabwean Dollar and Kenyan Shilling, had a significant impact on Simbisa Brands Limited’s USD income contribution.…
Tinga Mira expects uptick in sales volumes
By Stephen Chandisareva HARARE – Tinga Mira sales volumes are poised to rise after its parent company, Tanganda Tea, resolved issues relating to the supply of packaging materials and the…
ART posts 9% drop in battery volumes on exchange rate movements
By Stephen Chandisareva HARARE – Amalgamated Regional Trading (ART) says its battery volumes for the first four months of the year declined 9% owing to exchange rate movements. This comes…
Caledonia warns higher operational costs will eat into profit
…as full year PBT will be below market expectations By Stephen Chandisareva GOLD miner Caledonia Mining Corporation said on Monday it expects to report an adjusted profit before tax for…
Nampak pays $1.27bn to Deloitte, appoints PWC as new external auditor
By ETimes HARARE – Nampak Zimbabwe on Wednesday appointed Price-Waterhouse Coopers (PWC) as the new external auditor until the conclusion of the next annual general meeting after Deloitte & Touche…
CBZ shares gains after issuing 13th cautionary statement
By Stephen Chandisareva HARARE – CBZ Holdings shares gained by 3.93% on Wednesday after issuing the 13th cautionary statement relating to the process of securing the necessary regulatory clearance to move…
FML shares trade flat after filing an application to review corrective order
By ETimes HARARE – First Mutual Holdings Limited shares were flat at $3,600.00 after filing a lawsuit to defend its legal rights because they disagreed with the conclusions made in…
Persistent price changes dents OK Zim’s Q3, YTD volumes
By Stephen Chandisareva HARARE – Retail giant OK Zimbabwe suffered the impact of a difficult market as it reported a 32% decline in year-on-year volumes in the third quarter. It…