SOUTH African retail giant Pick n Pay Stores (Pick n Pay) says adverse operating environments in Zimbabwe and Zambia weighed down its total earnings in the year to March 01, 2020. (more…)
ZIMBABWEAN businesses are to bear the brunt of further costs — running into millions — as they are required to compulsorily test their employees for coronavirus at an average US$25 to US$60 per head, analysts say. (more…)
MANGWANA Opportunities Fund (Mangwana), a Zimbabwean private equity outfit has taken up shareholding in Invictus Energy in a placement worth US$287 000. Mangwana which is backed by Joe Mutizwa who is also a member of the Presidential Advisory Council and Ted Galante, is funded by Zimbabwean institutional investors…
ZIMBABWE’s consumer basket for a family of six has increased by over 43 percent to $6 660 in April from $4 656 in February, due to rising inflation. (more…)
ZIMBABWE yesterday commenced tobacco sales under strict social distancing guidelines with the first bale selling at US$4 per kilogramme, down from last season’s opening price of US$4,50. (more…)
ZIMPLOW Holdings (Zimplow), one of Zimbabwe’s largest farm implements producer, has declared a dividend of 3,78 cents per share for the year ended December 31, 2019. (more…)
GOVERNMENT’s special programme for import substitution (command agriculture)'s contribution to the country’s food security has drastically declined, planting only 113 365 hectares of the 1,54 million hectares under maize this year. (more…)
THE coronavirus (Covid-19) outbreak is threatening to exacerbate Zimbabwe’s dire economic and hunger crises, drastically affecting the lives of people in both urban and rural areas, the World Food Programme (WFP) has said. (more…)
ARDEN Capital says it has extended the announcement of its 2019 financial results by two months, as the impact of the coronavirus outbreak continues to impact negatively on company operations. (more…)
NEW York Stock Exchange-listed resources firm Caledonia Mining Corporation (Caledonia) says it will delay declaring a dividend for the second quarter due to an uncertain business environment associated with the Covid-19 pandemic. (more…)