Rental yields boost Mash Holdings profit

MASHONALAND Hold­ings (Mash Holdings)’s revenue for the quarter ended March 31, 2026, grew eight percent to US$1,86 million from US$1,73 million a year earlier, driven by stronger rental yields, im­proved occupancy and new lettings. The property group said rental yields across the broader market re­mained attractive during the period due to increased investor demand for…

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Diversified income cushions ZBFH earnings

ZB Financial Holdings (ZBFH)’s diversified revenue streams cushioned overall earnings during the first quarter ended March 31, 2026, after liquidity con­straints weighed on lending income. The group’s non-funded income, property and in­surance operations, delivered steady growth during the period, helping offset pressure from reduced asset cre­ation within its banking business. Commissions and fees grew by…

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Zim in BRICS Bank talks amid reform calls

THE commencement of formal discussions for Zimbabwe to join the BRICS-backed New Development Bank (NDB) is a breakthrough, although accessing the lender’s deep pockets depends entirely on domestic reform, analysts have said. The Ministry of Finance last week confirmed that Zimbabwe has entered formal membership negotiations with the BRICS NDB following official correspondence from the…

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BAT deepens market reach

BRITISH American Tobacco is expanding its retail footfall in an attempt to rescue dwindling sales volumes weighing business viability. In a trading update for the first quarter to March 31, 2026, the company said net turnover decreased by four percent, primarily reflecting the lower volumes and competitive pricing dynamics. Profit from operations remained flat at…

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First Capital’s deposits grow 32 percent

FIRST Capital’s customer deposits surged 32 percent year-on-year to ZiG5,4 billion on the back of robust cus­tomer acquisition, digital transformation initiatives and growing market confidence in its liquidity strength. This helped lift the gross loan portfolio by six percent to ZiG3,5 billion despite liquidity deployment constraints linked to statutory reserve requirements. Total income for the…

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Turnall revenue jumps 19 percent

TURNALL Holdings’ revenue for the first quarter ended March 31, 2026, grew by 19 percent year-on-year, driven by growth in sales volumes and tonnes produced. The growth was supported by a strong demand for fas­cia boards and concrete tiles. In addition, the group projects improved performance this year, thanks to the new fibre-cement sheeting plant…

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HDC urges tax cuts as global conflicts disrupt trade

THE Horticultural Development Council (HDC) has urged the government to ease cost pressures on horticultural growers and exporters by providing tax relief and reducing levies, as global conflicts continue to disrupt trade. Rising freight costs caused by international conflicts, particularly the war involving Iran and continued disruptions to Middle Eastern airspace, are placing severe strain…

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