Equities

Analysis ● 1 month 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....


Stock Market ● 1 month ago
ZSE closes higher, halting 3-day long losses trend

*Performance Charts incl (ZSE indices, ZSE Value Traded, Interbank) The stock market partially reversed a 3-day losing streak on rising by 1.39% on Thursday. The bourse has largely traded sideways over the last 4 weeks as the Zimdollar stabilises against the USD. This week the local unit lost a negligible 0.004% against the greenback as the supply of forex continues to match demand. Despite chopp...

Stock Market ● 1 month ago
ZSE closes higher, halting 3-day long losses trend

*Performance Charts incl (ZSE indices, ZSE Value Traded, Interbank) The stock market partially reversed a 3-day losing streak on rising by 1.39% on Thursday. The bourse has largely traded sideways over the last 4 weeks as the Zimdollar stabilises against the USD. This week the local unit lost a negligible 0.004% against the greenback as the supply of forex continues to match demand. Despite chopp...

Analysis ● 3 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...

Stock Market ● 3 weeks ago
Government restores SeedCo’s fungibility

Harare – Government on Thursday restored full fungibility of Seed Co International Limited’s shares following 8-months long suspension as the authorities argued that fungibility in an inflationary environment like Zimbabwe allows investors to compare prices across different exchanges and exploit arbitrage opportunities. The suspension took effect on 15 March 2020 as Government through Exchange Co...


Stock Market ● 3 weeks 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...


Stock Market ● 2 weeks 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...

Stock Market ● 2 weeks ago
Improved foreign currency supply positively impacts on AfDis operations

Quarterly volumes up 28% Revenue up 15% Operations smoothened by improved accessibly to forex facilitated by the Forex Auction Harare – Liquor manufacturer and distributor African Distillers Limited has posted improved volumes in spirits and ready-to-drink (RTD) operations, as well as a jump in revenue for the third quarter, ended 30 September 2020 on the back of improved foreign currency s...

Stock Market ● 2 weeks 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...

Stock Market ● 2 weeks 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...