Banks’ capital adequacy ratio hits 35,45%
TweetShareSharePin0 SharesBy ETimes Reserve Bank of Zimbabwe (RBZ) quarterly banking sector report for the third quarter of 2022 has revealed that the country’s banks have high capitalisation thresholds, sound asset…
ANALYSIS| Declining Output Drags BNC to US$5.4mln After Tax Loss
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis With nickel performing well the company would have been expected to perform strongly. The unforeseen nature of the issue that drove…
ZSE ascends for third trading day but turnover slides
TweetShareSharePin0 SharesBy ETimes For the third time this week, the Zimbabwe Stock Exchange closed in the positive region, rising by 2.76% at the close of trading on Thursday. The market…
More downward pressure on local rental incomes
TweetShareSharePin0 SharesBy ETimes Bard Santner, a local investment management firm has said local rental incomes will continue to be depressed in the short to medium term. The investment management firm…
Forex Reserves, 2023 current account surplus will not help
TweetShareSharePin0 SharesBy ETimes Zimbabwe is forecasted to have a current account surplus in 2023, but rating agency Fitch Ratings feels the surplus will not be able to help our foreign…
Equities gain $43.47 billion as bull run enters second day
TweetShareSharePin0 SharesBy ETimes The Zimbabwe Stock Exchange strengthened 1.79% on Wednesday, helped by select heavyweight stocks, as the bourse reported its second gain for the shortened week. Accordingly, the mainstream…
MFIs’ net profit rose to $9.7bn in Q3
TweetShareSharePin0 SharesBy ETimes The number of registered microfinance institutions (MFIs) in Zimbabwe rose to 196 during the third quarter ended 30 September 2022 from 176 in the comparative period against…
Half-Year Revenues Hit $129 billion as OKZim Anchors Growth on Diversification
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis The results suggest OKZim is getting squeezed by its ZWL invoicing local suppliers, as implied by the sharp decline in the gross…
ANALYSIS| Economic Headwinds Weigh as StarAfricaCorp Posts ZWL$133mln HY22 After Tax Loss
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis The results paint a somewhat precarious picture for the Starafricacorporation. The company’s financial resources relatively appear thin, with an apparent need…
ZSE begin year on positive note with $26.84bn gain
TweetShareSharePin0 SharesBy ETimes Transactions on the equities sector of the Zimbabwe Stock Exchange (ZSE) reopened the year on a positive note, as market capitalisation appreciated by $26.84 billion. With the…