POWERSPEED Electrical Limited (Powerspeed) says inflationary pressures have eroded most households’ disposable income, as consumers have resorted to cutting expenditure in electricals, affecting the group’s margins. In a trading update for the third quarter ending June 30, 2022 this week, the firm, which manufactures and trades in electrical products such as generators, inverters, batteries, solar…
FARMERS say they have no option but to rely on government support given the lack of funding options on the market, even though they admit this might not be sustainable in the long run. This comes after the government recently emphasised that its various support programmes for farmers would stay for the foreseeable future. It…
Lewis Hamilton admitted that he was driven to “the edge of breaking point with my emotions” after seeing what he believed was a possible win in the Dutch Grand Prix snatched from his grasp. Max Verstappen took yet another consummate victory – his 10th in 15 races so far this year – as he marches…
ZB Financial Holdings (ZB) says Zimbabwe’s capital markets still provide some viable investment options, despite the prevailing high inflation and an unstable exchange rate. In a presentation at the week-long Zimbabwe Agricultural Show, which ended last Saturday, ZB said the stock market, bonds, life insurance and mutual funds were long-term investment options investors could invest…
President Emmerson Mnangagwa recently gave an amnesty to illegal holders of firearms to surrender them to their nearest police station without any repercussions. This amnesty runs until the September 30, 2022. This was in response to the growing trend of violent crimes around the country involving unregistered firearms. This week’s article will address how to…
STANBIC Bank Zimbabwe (Stanbic) says net interest income for the half year ended June 30, 2022 grew by 66 percent, anchoring the bank’s revenue growth. The financial institution’s chief executive, Solomon Nyanhongo, said the growth in net interest income was largely spurred by the strong growth in interest earning assets as new lending assets were…
HIPPO Valley Estates (Hippo Valley) recorded an inflation adjusted profit of $4,09 billion for the year to March 31, 2022, a 38 percent increase from $2,96 billion in the prior year driven by a “positive market and product mix”. The sugar producer’s adjusted EBITDA declined by 49 percent to $3,1 billion from $6,1 billion, owing…
FIRST Capital Bank (First Capital) suffered a US$30,4 million hit on its core capital books in the first half year as a result of the rapid devaluation of the domestic currency. In a statement accompanying the bank’s reviewed financial results for the half year ended June 30, 2022, First Capital board chairman Patrick Devenish said…
FIDELITY Life Assurance of Zimbabwe (Fidelity) says it will focus on preserving value for its policyholders and stakeholders as it diversifies its portfolio investments. Commenting on the company’s outlook after announcing the group’s financial results for the year to December 31, 2021, chairman Livingstone Gwata said the group will spread its products, aligning them to…
IN business and in life we all seek to stand out from the crowd. Having stood out from the crowd, we want to protect our competitive edge, be it be our services, our work product (goods), or our ideas. That is exactly the purpose of a trademark. A trademark provides protection to the owner of…
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