Markets

Stock Market ● 6 months ago
Drought & lockdowns hinder Dairibord FY-20 performance

In the year ended December 31st 2021, the Dairibord Group faced a combination of mostly-external operational challenges that drove up costs, stifled raw milk production in the period. The first half of 2020 was plagued by inflationary pressure and national lockdowns, temporarily disrupting Group operations; while Q3 and Q4 were met with relative macroeconomic stability following the introduction o...


Stock Market ● 6 months ago
Depressed Consumer Spending Hinders BAT Segment Performance

Tobacco retail and distribution company BAT posted 3% growth in sales volumes for the quarter ended March 2021 (FY-21 Q1). This on the back of a 12% sales volume decline at the end of 2020. Prevailing economic conditions driven by a Q1 Covid-19 lockdown however dragged sales in the period down.Q1 Highlights Market return of Dunhill  Dunhill sales up 91% Net Turnover up 75%   Premium brand Dun...

Stock Market ● 6 months ago
Production Slide Continues at Border Timbers

The forestry & sawmilling specialists reported a second consecutive quarterly production volume declines. The drop in output was a continuation of production bottlenecks in the previous quarter, bottlenecks brought-about by market-wide Covid-19 disruptions.   Highlights for the Quarter (FY-20 Q3) Total Production Volumes ⬇️ 26% Sales Volume ⬇️ 25% Revenue ⬇️ 28%   Lumber increased its o...

Markets ● 5 months ago
Edgars' PPE Production Supports Operations During Lockdowns

In what has become commonplace with recent ZSE-listed counter performance updates, Covid-19 and its multi-faceted impacts were attributed as significant hinderances to optimal operation in the 2020 financial year.   On the part of apparel retailer Edgars however, the pandemic brought with it new lines of income as the Group managed to capitalise on a market need for personal protective equipment...

Markets ● 5 months ago
Bright Prospects for Delta's South African Investment Post Lockdowns

In a recently held virtual analyst briefing, Delta highlighted key operational and financial highlights from the Group’s year ended March 2021. Most segment volumes grew in the period Revenue improved 39% to ZWL 40.45 billion EBITDA for the year increased 37% to ZWL 12.15 billion   After putting into context the environment and regulatory conditions the Group operated in, incoming Group C...


Markets ● 4 months ago
TSL HY21 Performance & Sustainability Concerns For Agricultural Players Going Forward

The 2020/21 Sub-Saharan farming season has been widely acclaimed for its abundant rainfall and high agro yield prospects for both subsistence and larger scale commercial farmers. In Zimbabwe, the high and frequent rainfall came as a respite following a dry, droughty 2019/2020 season.  From commercial and sustainability points of view, the three year window above can not be viewed in isolation. Th...


Markets ● 4 months ago
Simbisa Taps Into Zim Remittance Basket

Simbisa Brands has partnered-up with local voucher service system platform Wa-Faya to launch a credit voucher system that taps into Zimbabwe’s 2nd largest forex inflow source – remittances. With vouchers redeemable at all Simbisa outlets nationwide, people abroad can now directly buy Simbisa goods online for collection by anyone in Zimbabwe. A-Faya’s system is integrated with payment platforms su...

Markets ● 3 months ago
OK FY22Q1 Volumes Up, Lockdown Extension Potential Performance Hinderance Going Forward

In the 3 months ended June 30th 2021, local retail Group OK Zimbabwe recorded topline growth in the quarter and sales volume improvements at OK, Bon Marché, OK Mart and Money Wave. Performance in the period was positive despite operating under reduced trading hours due to a surge in Covid-19 infections. Sales up 48% Trading hours down 47% Revenue up 49% Sales in the period were partly driv...

Markets ● 3 months ago
Star Africa's Sugar Deals: are partnerships set to dissolve soon?

In line with a new strategy of narrowing its investment scope and simplifying product portfolios, US multinational PepsiCo recently announced a US$3.3 billion sale of its Tropicana and other juice brands to a French private equity firm PAI Partners.  Sale proceeds to be reinvested into health-oriented products 39% stake in new JV to be kept Strong indicator of beverage industry investment pat...

Markets ● 3 months ago
Cybersecurity Concern On The Horizon As First Capital Continues Digital Drive

Among the first set of commercial banks to publish its financials for the opening half of 2021, First Capital’s overall performance was moderated by growth in operating expenses, but its liquidity and financial position ended the period on a high. The Bank’s capital adequacy stood at 24.7% against a regulatory required 12%, while core capital was US$6m above the regulatory target of US$30m. Addit...