ZIMBABWE’S banking sector recorded a net profit of $176,1 million for the six months to June 30, 2018, a 75,1 percent increase from $100,6 million recorded in the previous comparable …
finance
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GOVERNMENT’S domestic debt has escalated by over $9 billion in the past six years largely on civil servants salaries and other recurrent State expenditure.Advertisements Presenting a mini-fiscal review on Monday, …
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PHARMACEUTICALS maker MedTech Holdings (MedTech) has warned of a looming drugs shortage due to the escalating foreign currency challenges. Projecting the company’s outlook after announcing its financials for the half …
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MEIKLES Limited (Meikles) says it is restructuring its debt to reduce high interest rates that have been eroding its profits. The group’s borrowings stood at $21,1 million as at July …
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HWANGE Colliery Company’s (HCC) production increased to 819 859 tonnes in the half year to June 30, 2018, a 45 percent increase from 565 296 tonnes recorded during the same …
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EMIRATES says it has seen growth in the number of business travellers to Zimbabwe, following renewed interest in the country. Zimbabwe, currently grappling a hangover from decades of recession, bounced …
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TRUWORTHS recorded a profit after tax of $806 916 in the year to July 8 2018, recovering from a $1,7 million loss incurred in same period prior year, buoyed by …
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ZIMRE Property Investment (ZPI) says it expects a significant drop in income in the short term but hopes to recover at the end of March next year after restructuring its …
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CONFEDERATION of Zimbabwe Industries (CZI) president Sifelani Jabangwe says the country should focus on developing its manufacturing sector to grow the economy. The southern African country’s economy is agriculture-based and …
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ZIMBABWE’s persistent trade deficit has been magnified by unstated foreign trade activity, the country’s national statistical agency has said. In recent years, the southern African country has run systemic trade …
