Stock Market ● 1 month ago
PPC Zim records increased first half sales and earnings despite economic challenges

Harare – Regional cement manufacturer, Pretoria Portland Cement (PPC) says although trading conditions in Zimbabwe were characterised by a challenging economic environment and the impact of COVID-19 related lockdown restrictions, domestic cement volumes grew by 5% to 10% in the first half of its 2021 financial year supported by ongoing infrastructure projects. Headquartered in South Africa, PPC a...


Analysis ● 1 month ago
Zim remains trapped in debt distress

Zimbabwe is in debt distress and this could provide the biggest challenge on efforts to recover the economy from the abyss of collapse. Finance and Economic Development Minister Professor Mthuli Ncube presented a ZWL$421.6 billion 2021 National Budget on Thursday, and once again it leaves more questions than answers. According to the budget statement, the country’s external debt is estimated at U...

Stock Market ● 2 months ago
RioZim withdraws cautionary announcement, agrees payment structure with RBZ

Delays in payments for gold deliveries strained the Company’s working capital Agreement reached with RBZ and Fidelity will help revitalize operations RioZim has an extensive portfolio of resources in gold, base metals, diamonds, coal and chrome HARARE – ZSE listed, gold producer RioZim Limited has withdrawn the cautionary announcements dated 15 June 2020 and 8 July 2020 regarding the impass...

Analysis ● 2 months ago
Record sales volume in July boosts Lafarge’s Q3 performance

Sales volumes were up 7% ahead of SPLY Demand for cement in the construction sector increased by 34% ahead of Q2 The Company recorded a solid gross profit margins exceeding the set target HARARE – Lafarge Cement Zimbabwe Limited’s operations experienced a rebound in the third quarter ended 30 September 2020 (Q3 2020) after recording a 30% plunge in sales volumes in Q2 due to the COVID-19 in...

Analysis ● 2 months ago
FBC posts ZWL6.3 billion income

Total income grew by 59% to ZWL6.3 billion PBT increased eight fold to ZWL2.7 billion Group’s statement of financial position increased by 19% to ZWL29.5 billion HARARE – FBC Holdings limited, riding on a strong growth in net trading income and net interest income, reported satisfactory third quarter earnings to 30 September 2020 (Q3 2020) despite challenges obtaining in the operating envir...


Analysis ● 2 months ago
Difficult macro-economic environment weighs on First Mutual Properties’ profitability

Profit for Q3 2020 was down 86.4% compared to Q3 2019 Revenue was 11.3% down This was due to price volatility, inflation and other unfriendly macro-economic aspects Harare – Zimbabwe Stock Exchange (ZSE) listed real estate, property development and management company, First Mutual Properties Limited has posted profits reduced by 86.4% and revenue reduced by 11.3% for the quarter ended 30 Se...


Analysis ● 2 months ago
PPC overcomes COVID-19 woes with strong sales recovery

Sales volumes rose by a fifth in October YoY Experienced a muted sales in April and May 2020 due to the COVID-19 Cement volumes for PPC Zimbabwe grew by m approximately 5% Harare – JSE-listed Pretoria Portland Cement (PPC) said sales volumes have bounced back in the three months July to September 2020, showing a recovery of 20% to 25% year-on-year. The Group has operations in Zimbabwe thou...

Stock Market ● 2 months ago
BAT sales volumes slump 8% on depressed consumer spend, COVID 19

Harare – Zimbabwe Stock Exchange Listed cigarettes producer, British American Tobacco (BAT) has recorded an 8% decrease in sales volumes for the nine months ended 30 September 2020 mainly due to reduced consumer spending and the adverse impact of COVID 19. BAT produces some of Zimbabwe’s best-known cigarette products which include Madison, Everest, Dunhill, Newbury, Kingsgate and Ascot. In March...

Stock Market ● 2 months ago
Econet suffers ZW$6.1 billion exchange losses

Harare – Econet Wireless Zimbabwe Limited (EWZ) recorded a staggering exchange loss amounting to ZW$6.1 billion during the year ended 29 February 2020 stemming from the devaluation of the local currency against the US dollar. In a statement accompanying the group’s financial results for the period under review, the Group chairperson Dr James Myers said the Group continued to engage the Central Ba...

Stock Market ● 2 months ago
Hyperinflation forces Truworths to narrow debtors’ book

Harare – Zimbabwe Stock Exchange (ZSE) listed Casual and footwear retailer, Truworths Limited reports that it has had to cut down on granting customers credit sales while increasing interest rates for debtors as a means of coping with hyperinflation and currency devaluation in Zimbabwe. Truworths has over 18 branded stores located in the major towns and cities of Zimbabwe and retails and sells fa...


Symbol
Last Price
Change
% Change
156.00
+ 26.00
+ 20.00
Nampak Zimbabwe Limited
20.00
+ 3.21
+ 19.12
Truworths Limited
7,100.00
+ 1,100.00
+ 18.33
Hippo Valley Estates Limited
1,018.46
+ 154.46
+ 17.88
TSL Limited
8,500.00
+ 1,000.00
+ 13.33
Cafca Limited
Symbol
Last Price
Change
% Change
2,044.99
-135.01
-6.19
Seed Co Limited
403.08
-26.92
-6.26
Amalgamated Regional Trading (ART) Holdings Limited
25.00
-1.72
-6.44
starafrica corporation Limited
81.23
-5.77
-6.63
First Capital Bank Limited
66.05
-13.00
-16.45
Mashonaland Holdings Limited
Symbol
Last Price
Change
% Change
769.96
-10.04
-1.29
First Mutual Holdings Limited
25.00
-1.72
-6.44
starafrica corporation Limited
66.05
-13.00
-16.45
Mashonaland Holdings Limited
20.00
+ 3.21
+ 19.12
Truworths Limited
405.00
0.00
0.00
Zimplow Holdings Limited