The economy is expected to register significant growth of 3.7 percent this year, underpinned by strong performance in agriculture of 21.3 percent; mining 5.1 percent; and electricity and water 2.5 percent, Finance and Economic Development
A good agricultural season saw Zimplow record a 77% growth in revenue for the 6 months ended 30 June 2017. Turnover for the period amounted to $14.7 million up from $8.2 million prior year comparative.
Losses in Seedco, Meikles and Simbisa saw the main industrials index close in the negative territory today. By the close the main Industrials Index was 0.33% weaker at 197.90 points. This was after Seedco lost
The June inflation rate took a huge retreat, shedding 0.43 percent, to land at 0.31 percent. Inflation was last that low between March and April 2017. In the month of May, inflation was 0.75 percent.
ZSE opens week positive with the main Industrials Index recording a 0.98% gain to close at 193.02 points. Turnover for the day was healthy at $1.939 million with the bulk of $805,000 going into Delta.
2017 Economic Outlook 2016 review: The ZSE’s mainstream Industrials Index ended the year 2016 with a 25.84% gain to 144.53 spurred by fourth quarter gains. At the end of the third quarter, the Industrials had
CBZ reports plausible FY15 results CBZ released FY15 results that were largely in line with management’s forecasts. At the half year presentation management predicted total assets growth of 18% and managed to grow them by
Steady set of results. For FY15 TSL delivered a steady set of results with revenue increasing marginally to $48.6 million while profit for the period was down 15.89% to $4.2 million. The logistics businesses contributed positively to
Companies we are following
The Zimbabwe Stock Exchange trades were skewed negatively for much of the first quarter as fundamentals remained weak to negative. The country’s economy is weakening by the day amid reports that companies are closing shop,
The US economy continues to show signs of recovery, and this bodes well for emerging and frontier markets. Federal Reserve Chairman Ben Bernanke announced this week that the central bank was willing to provide a
The risk to banks when they increase lending rates but maintain a short tenure for repayment, is to place the companies they lend to under greater strain. There must be a tipping point when an
[imageframe lightbox="no" style="none" bordercolor="" bordersize="0px" stylecolor="" align="left" animation_type="0" animation_direction="down" animation_speed="0.1"][/imageframe] The just-ended third quarter has been a rough ride for investors on the ZSE, as well as stock markets globally. A number of analysts have