Stuttering big caps see ZSE extend losing streak
TweetShareSharePin0 SharesBy ETimes The local bourse extended its losing streak on Tuesday by 0.70% due to losses in some highly capitalised stocks. The market closed negative with 15 laggards relative…
High interest rates risk pushing the economy into recession, experts say
TweetShareSharePin0 SharesBy ETimes The economy may be edging toward a recession occasioned by high interest rates that are slowing aggregate demand, said former Finance Minister Tendai Biti. In September 2022,…
ZSE extends losses to three sessions on Monday
TweetShareSharePin0 SharesBy ETimes The local bourse opened the week negative, extending its losing streak for the third consecutive session as investors’ investment declined by $7.14 billion. The ZSE announced that…
Steward Bank’s half year profit jumps threefold
TweetShareSharePin0 SharesBy ETimes Steward Bank’ half year inflation adjusted profit jumped threefold and the bank expects its activities to be driven by digital transformation. In 2021, the bank invested in…
Afdis half year volumes up 11%, flags uncertainty
TweetShareSharePin0 SharesBy ETimes Volumes, a key indicator of demand, for Afdis in the half year ended 30 September 2022 rose 11% in the comparative period despite a challenging operating environment.…
Where Did The Money Go? The Plight of Zimbabwean Pensioners
TweetShareSharePin0 SharesBy Newton Mambande On paper, Zimbabwe has an excellent social security policy, but in reality, poverty is grinding old people over 65 years of age. In fact, those between…
ANALYSIS|Innscor Targets US$56mn in Investments for FY23 as Profits Hit ZWL$53.7bln
TweetShareSharePin0 SharesBy Yona Banda Financial Performance Highlights Listed food manufacturing group Innscor Africa Limited reported a Net Profit After Tax of ZWL$53.7 billion for its financial year ended 30 June…
Equities end in red for second consecutive day
TweetShareSharePin0 SharesBy ETimes The Zimbabwe Stock Exchange ended Friday’s trading session in the red for the second consecutive day. The mainstream All Share Index closed today’s trading session at 15,115.56…
CBZ Bank becomes the fourth firm to launch Trustee Services
TweetShareSharePin0 Shares…SECZIM talks of Capital Market Development Plan By ETimes CBZ Bank has become the fourth player in the country to set up a custodial trustee service that will offer…
Hwange Safari Lodge undergoes US$4.2 million facelift
TweetShareSharePin0 SharesBy ETimes A major refurbishment programme is under way at Hwange Safari Lodge, one of Zimbabwe’s most well-established resort hotels, situated just outside the world-famous Hwange National Park. African…