Truworths feel the heat from tight monetary policy
TweetShareSharePin0 Shares…delays further release of results By ETimes Clothing retailer Truworths says it has suspended all Zimbabwean dollar credit sales occasioned by the tight monetary regime. This month, the apex…
ANALYSIS| Weak Revenue Growth as Fair Value Gains Drive ART Holdings to Profitability
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights Commentary and Analysis On analysis, Amalgamated Regional Trading has generally struggled for consistency in recent years. The groups profit margins have declined noticeably in…
Equities opens week 0.70% up
TweetShareSharePin0 SharesBy ETimes The Zimbabwe Stock Exchange resumed trading for the week on a high note, buoyed by gains in select heavyweights, with nine counters closing in the green and…
MSME formalisation has not improved over the past decade at 14%: FinScope
TweetShareSharePin0 SharesBy ETimes Zimbabwe’s micro, small, and medium enterprises’ (MSME) formalization has not increased over the past ten years, with the lowest percentage occurring among small businesses and individuals, a…
Tanganda sees volume growth after investments in new packaging machinery
TweetShareSharePin0 SharesBy ETimes Tanganda expects to reap the benefits of its investments in new equipment for its Mutare packaging facilities. After delisting in 2008 following the disastrous merger with Kingdom…
Back in the black, ART looks to finish expansionary capital investment program
TweetShareSharePin0 SharesBy ETimes Amalgamated Regional Trading (ART) reported moderate growth after its key business units, both local and regional, remained resilient in the fiscal year ended September 30, 2022, despite…
Zim’s third quarter mobile Internet and data traffic up 26.1%
TweetShareSharePin0 SharesBy ETimes Zimbabwe’s mobile Internet and data traffic rose 26.1% to 32,473.1TB in the third quarter of 2022, from 25,756TB recorded in the second quarter of 2022, with Econet…
ZSE back in the red, capitalisation loses $11.28bn
TweetShareSharePin0 SharesBy ETimes The Stock Market closed on a bearish note on Thursday as market capitalisation closed at $1.62 trillion from the $1.63 trillion the previous day, a loss of…
Industry, commerce capacity utilization grows to 63% but business confidence wanes: ZNCC
TweetShareSharePin0 SharesBy ETimes Capacity utilisation in industry and commerce increased by 15.5 percentage points in 2022 to 63% from 45.5% in 2021, boosted primarily by performance in information and communication…
Equities add $6.01bn, reverses previous day loss
TweetShareSharePin0 SharesBy ETimes The Zimbabwe Stock Exchange recovered previous day losses, on Wednesday, as the mainstream index rose by 0.33% to close at 14,826.95 points. This comes as high demand…