Analysis

Stock Market ● 4 weeks ago
ZSE Stocks struggle for direction as VFEX launches

Overall Comment: •  Stocks close in the black in week characterised by choppy trading •  USD denominated bourse launched •  ZWL pares against USD after 7 weeks of steady recovery   Trading in the week under review was largely characterised by volatility as the market struggled to find direction. However, by the end of the week, stocks were slightly up compared to the prior week close. The ZSE...


Analysis ● 3 weeks ago
Dairibord volumes recover as lockdown eases

Harare-Dairibord Zimbabwe Limited has recorded a sharp increase in volumes up to 32% in the 3rd quarter ended 30 September as compared to the previous quarter owing to the easing of lockdown restrictions. Dairibord Zimbabwe Private Limited (DZL Holdings Limited) is the largest dairy company in Zimbabwe producing and marketing a range of fresh milk and ready-to-drink and long-life milk products....

Analysis ● 3 weeks ago
COVID-19 Impact: Customs Duty collections sluggish in Q3 2020

“South Africa has opened its borders and cross-border trade is therefore expected to increase thereby feeding into higher collections in import duties”, ZIMRA said. Harare – Customs Duties, which are usually among the top five contributors to Zimbabwe’s net revenue collections, only contributed 9.40% of total revenues during the third quarter ended 30 September 2020 due to the impact of the lockd...

Analysis ● 3 weeks ago
ZIMRA’s Q3 net revenue collection 27% above target

Harare – The Zimbabwe Revenue Authority (ZIMRA) has posted gross revenue collections of ZWL57 billion for the quarter ended 30 September 2020, 27% above the ZWL44.83 billion target set for the period mainly because of lockdown restrictions being eased consequently allowing the business to re-open and resume operations. The revenue collected during the period was also 788.18% above the amount coll...

Analysis ● 3 weeks ago
STANBIC WINS PRESTIGIOUS BANKING AWARD

Stanbic Bank has reclaimed the Best Bank in Zimbabwe title awarded by the European, Middle East and Africa, EMEA Finance at the recently held African Banking Awards 2020. The Standard Bank Group of South Africa subsidiary joined other country member banks under the group, such as Ghana, Kenya, Malawi, Namibia, Mauritius, Nigeria, Tanzania, Uganda and Zambia to ensure the continent’s biggest banki...


Stock Market ● 3 weeks ago
Delays in forex payments continue to choke RioZim operations

Harare – The delays on the payment of RioZim’s gold receipts by the Reserve Bank of Zimbabwe (RBZ) is still persisting and has severely strained the working capital and cash flows of the Group and greatly hampered production, the Group said in the latest trading update released on Monday. In a trading update for the three months ended 30 September 2020, the Group said it continues to engage the R...


Analysis ● 2 weeks ago
Sibanye posts record quarterly EBITDA due to improved PGM and gold pricing

Harare – South African miner, Sibanye Stillwater with a 50% holding in Zimbabwe based Mimosa gold mine has posted record quarterly Earnings Before Interest, Taxes, Depreciation and Amortization (EBIDTA) of US$922.1 million representing a 144% increase from the US$377.4 million posted in the comparative period in 2019. The record earnings are as a result of improved production and improved pricing...

Analysis ● 2 weeks ago
Implats’ Q1 FY2021 production increases 18% as Zim operations remain stable

Harare – South African mining group Impala Platinum Holdings Ltd (JSE:IMP) reported a 18% increase in tonnes milled during the first quarter ended 30 September 2020 (Q1 FY2021) to 6.13 million tonnes compared to 5.21 million tonnes achieved in the prior comparable period. Implats has operations in Zimbabwe through an 87% stake in Zimplats and 50% stake in Mimosa which it co-owns with Sibanye-Stil...

Analysis ● 1 week 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 ● 1 week ago
Masimba Holdings’ construction volume increases in third quarter

A number of construction works were completed during the period PAT up 15.7% ahead of prior year Full-year results expected to be ‘significantly’ ahead of the comparative period Harare – Masimba Holdings Limited, a Contracting and Industrial group in Zimbabwe, providing engineering and infrastructure solutions to the agricultural, commercial and corporate sector as well as housing, mini...