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 …
finance
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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 …
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THE Insurance and Pensions Commission (IPEC) says Zimbabwean life assurers’ uptake of reinsurance, at about two percent, is very low and could lead to insolvency. Players are encouraged to reinsurer …
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INDUSTRY minister Mangaliso Ndlovu says government is yet to conclude negotiations with Chinese investor R and F for the resuscitation of Ziscosteel (Zisco), two years after the deal was consummated. …
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THE Institute of Chartered Accountants of Zimbabwe’s (ICAZ) newly elected president Fungai Kuipa, has challenged the profession to reclaim its relevance in the country. According to a research done by …
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ZIMBABWE is up-to-date with repayment of loans of about $8 billion extended to it by the African Export-Import Bank (Afreximbank) in the past 22 years, The Financial Gazette has learnt. …
