Demand for seed in the 2018/2019 season will remain unchanged because the Command Agriculture programme will still likely be in place, financial analysts IH Securities have said. In an analysis of SeedCo’s performance, IH said the company’s saving grace during the 2018 financial year was the extension of Command Agriculture to other crops like wheat…
A CONFERENCE on collaboration and sharing ideas in utilising trade credit insurance to promote international and local trade was held last week. Trade credit insurance protects traders who supply goods or services on credit against the risk of payment default. The conference was organised by a recently established division of Zimnat, which is a stand-alone…
RETAIL chain OK Zimbabwe was crowned this year’s best performing company on the Zimbabwe Stock Exchange (ZSE) at The Financial Gazette’s Top Companies Survey, which is bankrolled by financial services giant Old Mutual Zimbabwe. OK Zimbabwe, which has 62 outlets operated free of debt during the year ended March 2018, had record-breaking revenues that boosted…
THE World Bank sees Zimbabwe’s growth rate easing to 2,7 percent this year, compared to the 3,4 percent estimated last year. The forecast is higher compared to the 1,8 percent projected in January by the bank. However, government says the economy grew by 3,7 percent last year and is estimating a 4,5 percent growth rate…
SEEDCO’S income from Treasury Bills (TBs) significantly added to the company’s profit for the year ended March 2018. Last week, the company reported a five percent increase in profit for the year ended March 31, 2018, recording $21,4 million, up from $20,4 million in the previous period. The company attributed the positive performance…
FIRST Mutual Properties (FMP) revenue for the first four months of the year to April increased significantly compared to the same period last year. The company attributed the increase to a growth of occupancy levels during the period. “Revenues for the four months period to April went up by 6,7 percent to $2,58 million over…
ECONET last week celebrated 20 years in business with a solid set of financial results for the year ended February 2018. The listed telecommunications company reported revenues of $831 million and a profit after tax of $132 million, representing significant gains from revenues of $621 million and a profit of $36 million, last year. The…
UNIFREIGHT Africa says the tough times which it went through over the past few years have made it more focused. The logistics, freight and passenger transport services provider’s chief executive officer (CEO), Robert Kulpers, said the company’s hard work over the years started to pay off in 2017. He said hard times made the company…
Stephen Curry set a new NBA finals record, scoring nine three-pointers in the Golden State Warriors’ 122-103 victory against the Cleveland Cavaliers as they took a 2-0 lead in the series. Curry, 30, surpassed the previous record of eight three-pointers, as he top-scored with 33 points in Oakland. The Warriors, the defending champions, are two…
THE emergence of a new administration ushered in by a military intervention that forced former president Robert Mugabe out of power and replaced him with Emmerson Mnagagwa has failed to boost business confidence in the economy, a Confederation of Zimbabwe Industries (CZI) confidence report has disclosed.Zimbabwe’s economy continued to be ravaged by shortages of foreign…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More