Local corporate dividends surge

UNIFREIGHT Africa has resolved to delist from the Zimbabwe Stock Exchange (ZSE) and migrate to the Victoria Falls Stock Exchange (VFEX).

ZIMBABWE-listed companies are step­ping up shareholder returns, with several major firms declaring higher inter­im dividends so far this year on the back of improved earnings and stronger bal­ance sheets. This is in stark contrast to previous years when a significant number of listed companies were deferring interim dividends citing liquidity constraints and working capital challenges.…

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