THE corporate sector faces even tougher times ahead as the cost of doing business keeps soaring — driven by rising inflation and interest rates, as well as the continued weakening …
finance
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CAFCA says demand on the domestic market remains depressed but the company is increasing exports to generate foreign currency and cushion it from losses. In a trading update for the …
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ZIMRE Property Investment Limited (ZPI) says it benefitted from currency reforms that government adopted in February this year, which saw the company record exchange rate gains of $3,3 million during …
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FALCON Gold Zimbabwe (Falgold) is seeking to relist on the Zimbabwe Stock Exchange (ZSE) after it finally published its financial results last week. ZSE suspended trading of the gold miner’s …
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CABLES maker CAFCA says its sales volumes dropped significantly during the three months to June 2019 due to Zimbabwe’s “recessionary monetary policies”. This comes as the central bank has adopted …
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STRUGGLING South African retail group Edcon says it has sold its shareholding in Edgars Stores in Zimbabwe (Edgars) to service some of its debts. The firm, which held a 41 …
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FINANCE minister Mthuli Ncube’s decision to re-introduce the Zimbabwean dollar has created reporting headaches for listed firms. This comes as comparisons between financial results for the half year ended June …
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LISTED firms are reporting a slump in volumes due to waning demand as the country’s economy continues to deteriorate. While most companies reported profits, which market analysts say are mostly …
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SANLAM Group closed 2,75 percent higher on the JSE to R73.87 a share after saying that its business had grown in the six months to June despite South Africa’s subdued …
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FIRST Mutual Holdings Limited (FMHL) says the country’s foreign currency shortages have seen its reinsurance business fail to underwrite regional business. This comes as the country’s foreign currency shortages, caused …
