Equities

Markets ● 2 months ago
Fair Value Adjustments Wipe-Out First Mutual HY-21 Profits

Half-year results for the property and insurance Group largely reflected improvements from prior year performance. GWP ↑ 71%Rental Income ↑ 53%Profit ↓ 121% The Group’s Gross Premium Written grew to ZWL 5.4 billion in the period, a 71% inflation-adjusted increase. Despite marginal investment property gains recorded in US$ terms, a ZWL 1.6 billion fair value loss was incurred after conversion of...


Stock Market ● 2 months ago
Challenging the ZSE's "top performing stock market" narrative

After surpassing its own performance record (again), the ZWL-denominated exchange extended 2021 gains as the market’s counters continue facing economic uncertainties in the closing quarter of the year. Index up 198% YTD ZWL continues to depreciate Parallel market remains out of control Unlike steady-moving regional peers, the ZSE’s All Share Index (ASI) has nearly doubled its 2020 year-end...

Markets ● 1 month ago
SA hotel stocks surge as key international tourism markets lift travel restrictions

South African hotel and gaming stocks Sun International, Tsogo Sun Hotels, Tsogo Sun Gaming, and City Lodge Hotels Group surged to hit 52-week highs on the JSE on Monday, buoyed by several key international source markets lifting Covid-19 travel restrictions and expectations that the UK will remove SA from its red-list this week. President Cyril Ramaphosa moving the country to its lowest Covid-19...

Markets ● 1 month ago
Hwange HY-21 fortunes improve, administrative blues continue

In the six months to June 2021, Hwange Colliery’s revenue grew by an inflation adjusted 38%, rising from ZWL 2.19 billion to ZWL 3.03 billion. Revenue growth in the period was attributed to high value coal sales as well as regular price adjustments in line with market value changes. In historical terms, gross profit rose 139% to ZWL 851.6m, but declined by 17% in inflation-adjusted terms on accou...

Markets ● 1 month ago
EV Car Rental - where does Zim stand?

Automotive headlines this week featured a newly forged partnership between the American electric vehicle (EV) firm Tesla and Hertz Global’s car rental subsidiary Hertz Corporation. The deal will see Hertz ushering-in 100,000 Tesla Model 3 sedans in US and European markets from as early as November this year. The US$4.2 billion deal is the largest single EV order to-date and it saw Tesla’s share p...


Markets ● 4 weeks ago
National Foods posts solid performance, Covid-19 dampens outlook

For the three-months ended September 2021, National Foods volumes improved across Group segments, with a 24% improvement to 143,000 metric tonnes in the period under review. Overall up 24% Flour up 5% Stockfeed up 29% Maize up 25% Pearlenta Nutir-Active up 75% Down-packed unit up 59% Snack demand up 81% Biscuits up 16% In the flour unit, the Group says that demand was firm in the peri...


Markets ● 2 weeks ago
Zimplats' Money Minting Operations Continue Growing

Operational Update In a trading update for the three months ended Sep...