Sell-off continues on ZSE on Wednesday
TweetShareSharePin0 SharesBy ETimes The local bourse fell for a fifth day on Wednesday, largely occasioned by the negative outing of heavyweight stocks. Mining companies generally haven’t over-invested in new projects…
Official exchange rate weakens as equities record fourth consecutive loss
TweetShareSharePin0 SharesBy ETimes The Zimbabwe Stock Exchange (ZSE) fell 2.10% on Tuesday, the fourth consecutive session, as shares continued to lack stimulus for a positive pull. This is already making…
Unifreight poised to regain full trucker market share after investing US$5mn
TweetShareSharePin0 SharesBy Almot Maqolo Logistics firm Unifreight has invested at least $5 million in a new fleet of 50 trucks with the goal of increasing market share while also contributing…
4 in 10 youths were unemployed in Q2: Report
TweetShareSharePin0 Shares…as stocks begin the week on a low note The local bourse on Monday lost 0.25%, extending bearish sentiment to three consecutive trading sessions. As a result, the market…
RTG’s Inflation Adjusted Profits Surge 3000% to ZWL$1.3 bn in HY1 2022
TweetShareSharePin0 SharesBy Yona Banda Financial Performance Highlights Hospitality group Rainbow Tourism Group (RTG) Limited saw its after tax profits surge to ZWL$1.3 billion in inflation adjusted terms for the half…
Equities close Friday in red
TweetShareSharePin0 SharesBy ETimes The Bears maintained control of activities on the local bourse to extend their negative outing into the second consecutive session. On Friday, the mainstream ZSE All Share…
Hyperinflation Weighs on Zimpapers as Inflation Adjusted PAT Shrink to ZWL$67.4mn
TweetShareSharePin0 SharesBy Yona Banda Financial Performance Highlights Listed media company Zimpapers announced an inflation adjusted after tax profit of ZWL$67 million for its half-year ended 30 June 2022. The bottomline…
Simbisa Sales Total ZWL$51bln in FY2022, Plans 87 New Store Openings for FY2023
TweetShareSharePin0 SharesBy ETimes Financial Performance Highlights For the financial year ended 30 June 2022, fast food services group Simbisa Brands reported an inflation adjusted After Tax Profit of ZWL$9.5 billion…
ZSE takes a breather as investors cash early gains
TweetShareSharePin0 SharesBy ETimes The ZSE All Share index took a breather on Thursday as it closed half a percent lower at 14 937.06 after all the indices closed in the…
Fidelity Life Assurance’s historical revenue up 12 fold in first 8 months
TweetShareSharePin0 SharesBy ETimes Fidelity Life Assurance Zimbabwe on Thursday said its historical revenue for the first 8 months of 2022 rose 1220% compared to the same period last year and…