Government avails forex for fertilizer chemicals

By |December 28th, 2017|Categories: Company, Headlines|

The Minister of Lands, Agriculture and Rural Settlement acknowledged the move  by the government to ease fertilizer shortage by providing  funds for the importation of raw material to meet the  required fertilizer production. He apologized for the inconvenience to the affected farmers and assured farmers that his ministry will work towards honoring its obligations. The current fertilizer production in the

Zim exports fail to meet target – Zimstat

By |January 24th, 2017|Categories: Company|

Zimbabwe’s exports failed to go past the key $3 billion level in 2016 after closing December at $2.83 billion. Total imports for the year were $5.21 billion, subsequently leading to an annual trade deficit of $2.38 billion against $3.29 billion achieved in 2015. Data from Zimstat shows that exports failed to meet the targeted $3.36 billion but were a marginal

Delta Beverages operating at 60% capacity

By |January 18th, 2017|Categories: Company|

Listed beverage producer, Delta Beverages, is currently operating at between 40% and 60% of its capacity due to a decline in demand for its products witnessed since 2013, an official has said. Company secretary, Alex Makamure said the company has recorded significant declines in its volumes and subsequently revenue performance since 2013 as a result of the imploding economy. Makamure

Econet plans to raise $130,007,739 worth of capital

By |January 17th, 2017|Categories: Company|

Econet plans to raise $130,007,739 worth of capital by way of a Rights Offer of ordinary shares and Linked Debentures in order to facilitate the servicing of obligations to its foreign lenders. In terms of the rights offer, shareholders shall be offered, pro-rata to their shareholdings, 1,082,088,944 ordinary shares plus 263,050,614 Class A shares at a subscription price of 5.00

OK reports improved interim results

By |November 4th, 2016|Categories: Company, Headlines, OKZ|

OK Zimbabwe has reported an improved set of results for the half year ended 30 September 2016. The Group recorded a 2.3% growth in revenue to $218.6 million at a time the market was expecting a drop.The growth in revenue was on the back of ongoing cash shortages which resulted in an apparent shift towards POS purchases, a phenomenon which

Econet drags industrials lower

By |November 2nd, 2016|Categories: Comment, Company, ECO|

A 10% drop in Econet’s share price saw the main Industrials Index shed 0.55% on Wednesday to close the day at 120.24 points. The drop in Econet’s share price follows the company’s release of its interims results for the period ended 31 August 2016 which showed a 37% decline in profit after tax.By the close of trading, Econet was down

ZSE close week positive

By |August 12th, 2016|Categories: Comment, Company|

The equities market closed the holiday shortened week positive on the back of gains in Innscor, Old Mutual, and National Foods.  By the close the main industrials Index was 0.22% higher at 99.59 points while the Mining Index was 3.09% firmer at 26.35 points. Turnover for the day amounted to $68,973 with the bulk of the funds going into National

ZSE opens week positive

By |August 1st, 2016|Categories: Comment, Company|

The equities market opened the week positive on the back of gains in Econet, Delta and Innscor. By the close the main industrials Index was 0.46% positive at 99.29 points while turnover was slightly above $211,000. Econet added 2.56% to close at 20 cents. The group was in the papers today saying its promotions have not been approved to go

Delta drags ZSE into the red

By |June 2nd, 2016|Categories: Company|

The ZSE closed in red today dragged by losses in Delta down 1.41% to 70 cents. By the close the main industrials index was down 0.42% to 104.30 points. Old Mutual however added 0.58% to 222.50 cents. Turnover for the day was subdued at $223,464. There was little activity with only 6 counters trading.

Delta interim results update

By |November 12th, 2015|Categories: Company, Investor Alert|

HY16 results update: Delta reported its results for the half year ended 30 September showing an 8% decline in revenue to $314.522 million from $342.649 million prior year comparative. The result highlighted the impact of volume decline, down trading, and price reductions. Normal earnings per share of 2,89 cents were down 19% from 3,55 cents prior year comparative. Dividend for