TUROVER on the Zimbabwe Stock Exchange (ZSE) was up by 14 percent to $4,5 billion in June as demand for stocks persisted amid high inflation. Though inflation has been declining since the Reserve Bank of Zimbabwe introduced weekly currency auctions last June, it remains high at 106 percent for June. The ZSE All Share Index…
OLD Mutual Insurance Company’s (OM) gross written premiums (GWP) went up by 729 percent to $1,3 billion during the year ended December 31, 2020 due to an uptick in customers taking up US$ policies. In a statement accompanying the insurer’s results, group board chairman Bongai Zamchiya said the unit’s profit before tax on cost basis…
SEEDCO International (SCIL) says revenue grew by 26 percent to US$88,5 million during the year ended March 31, 2021, driven by good rains received across its markets. The company, which is dually listed on the Botswana Stock Exchange and the Victoria Falls Stock Exchange (VFEX), has subsidiaries across the region reaching as far as Democratic…
Emiliano Martinez saved three penalties as Argentina beat Colombia in a semi-final shootout to advance to Saturday’s Copa America final against Brazil. The Aston Villa keeper denied Davinson Sanchez, Yerry Mina and Edwin Cardona from the spot after the game ended 1-1. Lionel Messi set up Lautaro Martinez to put Argentina ahead before Luis Diaz…
BLANKET Mine (Blanket) has reported a 24 percent year-on-year increase in production for the quarter ended June 30, 2021. The Gwanda-based gold producer had experienced a slow start in the first quarter due to flooding. According to a statement released by parent company Caledonia Mining Corporation, Blanket produced 16 710 ounces of gold during the…
AFRICAN Sun Limited (Afsun) says outlook for the tourism sector remains uncertain as disruptions from the Covid-19 pandemic have persisted. In a trading update last week, the hospitality group said the contagion had brought about uncertainties, which makes it difficult to forecast future performance, even in the short to medium term. “The group anticipates continued…
ONE common way to make money on the stock market would be to bet on a roaring rebound in the local economy, as aggregate demand improves and pushes up top and bottom-line figures of listed companies. But here is a sage piece of investment advice you might not usually find in any tip-sheet, newsletter or…
EXPANSION of the Hwange Thermal Power Station is progressing steadily with 67 percent of the works now complete. The US$1,5 billion project is a joint venture between Sino Hydro Mauritius which holds a 36 percent stake and Zimbabwe Power Company with 64 percent, through a company called Hwange Electricity Supply Company. The project which will…
Italy beat Spain on penalties to reach the Euro 2020 final after an enthralling semi-final at a noisy Wembley. After Alvaro Morata’s penalty was saved, Jorginho strolled up to score and set up a final with either England or Denmark in London on Sunday. Federico Chiesa looked as if he had sent Italy – who…
Sprinter Sha’Carri Richardson will not run in the US Olympic 4×100-metre relay team after she accepted a one-month ban for testing positive for cannabis. The 21-year-old won the 100m at the US Olympic trials in Oregon in June and earlier this year ran the sixth-fastest time in history. Supporters of the Texan had hoped she could…
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