Powerspeed Q1 performance signals recovery
TweetShareSharePin0 SharesBy ETimes Powerspeed said trading recovered during the first quarter ending December 31, 2022 as compared with the previous quarter, which was not good. In a trading update, the…
Vingirai, ZB Holdings dispute drags on as another cautionary is issued
TweetShareSharePin0 SharesBy ETimes Listed banking giant ZB Holdings has issued another cautionary statement as they continue to try and find a solution between them and a shareholder of their subsidiary.…
Equities maintains positive trend, rises by $29.72bn
TweetShareSharePin0 SharesBy ETimes The Zimbabwe Stock Exchange maintained its bull run, as the market capitalisation gained $29.72 billion. The ZSE All Share Index (ASI) rose 2.63% to close at 29,299.06…
TSL delays publication of results a second time
TweetShareSharePin0 SharesBy ETimes TSL, a listed agro-logistics firm, has delayed the publication of its full-year results for a second time because the accounts must be signed off by PricewaterhouseCoopers Zimbabwe’s…
Equities post marginal gains for second day
TweetShareSharePin0 SharesBy ETimes For the second consecutive day, the Zimbabwe Stock Exchange (ZSE) recorded a marginal gain, with the equity capitalization closing at $2.57 trillion on Tuesday. The figure was…
Tanganda saves US$700K by switching to green energy
TweetShareSharePin0 SharesTanganda Tea Company announced on Tuesday that it saved at least US$700,000 in power costs last year by replacing diesel generators with green energy. This comes as the continued…
Toyota Zimbabwe to devour CFAO Motors Zimbabwe
TweetShareSharePin0 SharesBy ETimes A merger is looming in the automotive industry involving Toyota Zimbabwe and CFAO Motors Zimbabwe which is the official distributor of Volkswagen and Suzuki in the country.…
ZSE appreciates by $43.71bn as new week begins positive
TweetShareSharePin0 SharesBy ETimes Trading activities on the Zimbabwe Stock Exchange resumed the week on a positive note as market capitalisation appreciated by $43.71 billion. At close, the ZSE All Share…
Zimplats reports 6% drop in half year profit
TweetShareSharePin0 SharesBy ETimes Zimplats, the country’s largest platinum producer, reported a 6% drop in half-year profit due to a drop in metal prices on Monday. The company’s profit for the…
Old Mutual seeks to acquire Marsh Zimbabwe
TweetShareSharePin0 SharesBy ETimes Zimbabwe’s premier insurance provider, Old Mutual Zimbabwe has approached the Competition Tariff Commission seeking to merge with Marsh Zimbabwe. Both firms are in the financial and insurance…