Analysis ● 10 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...


Stock Market ● 9 months ago
Change of guard at Turnall Holdings

ZSE listed building and piping products manufacturer Turnall Holdings has announced the appointment of a new Managing Director effective 1 December 2020 as part of a  series of board changes that have occurred in the group over the past 6 months. According to a statement released through the ZSE on Friday the 11th of December: “The Turnall Holdings Board is pleased to announce the appointment of...

Markets ● 9 months ago
Anglo American projects sustained growth in next three years

Anglo American Platinum (Amplats), the owners of Unki Platinum Mine in Zimbabwe has issued operational outlook and guidance for the current and next three financial years, including in relation to capital expenditure and production volumes, and a progress update on the Group’s growth projects. The Group upgraded refined production guidance for 2020 to between 2.6 – 2.7 million PGM ounces riding o...

Stock Market ● 9 months 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...

Markets ● 9 months ago
FBC taps into the mobile money business

Financial institution and investment holding company FBC Holdings Limited has launched a mobile merchant and bill payments option capping a year of solid market moving digital products release. Since embarking on a digitisation program in 2018, the financial services group, has never been at its strongest than the current year. Earlier this year the bank went paperless, with automation of new acc...


Markets ● 9 months ago
Powerspeed shareholders okays delisting

Shareholders voted to cut ties with the ZSE at an EGM The company had previously lamented that their listing was no longer beneficial The company will now proceed to buy back shares from minority shareholders The shareholders of electrical and hardware supplier, Powerspeed Electrical limited have approved a proposition to delist from the local bourse on the basis that it is no longer benefi...


Stock Market ● 5 months ago
Mixed Outcomes as ZSE Q2 Trading Kicks-Off

On the 2nd day of 2020 Q2 trading, predominantly single digit share price gains and losses were recorded.  Extending 1 April's losses were crocodile and mining specialists Padenga Holdings with a 9.32% price drop, closely followed by retailer Edgars with a 9.18% fall. Brick manufacturer Willdale also ended the day in red following their 6.78% share price loss, while telecommunications powerhouse...

Stock Market ● 5 months ago
Miners Going Green: RioZim Energy Division Secures IPP License

ZSE-listed mining Group RioZim has stepped-up renewable energy generation efforts in its search for portfolio diversification. The Group's 178MW solar project has secured an Independent Power Producer license (IPP) from the 🇿🇼 Energy Regulatory Authority (ZERA) and continues to enage with industry experts in its hunt for an energy procurement & construction (EPC) partner. Power Purchase Agreement...

Stock Market ● 5 months ago
Runaway Inflation Drags GetBucks Opex To New Heights

ZSE-listed microfinancer GetBucks posted a ZWL 45 million loss for the year ended December 31st 2020 following a hyperinflationary financial year. The Covid-19 pandemic compounded the Bank's losses in the period, with operational expenditure ballooning to ZWL 160 million at the end of 2020, up from ZWL 115 million in the 2019 financial calendar. Inflation on the other hand closed the year at a rea...

Stock Market ● 5 months ago
ZSE opens week in extended recovery mode 20/04/21

ZSE opened the holiday shortened week in sustained gains on the back of improved demand, stretching the trend to 3 straight sessions coming after a protracted 7-day losing streak Performance was in line with global shares which rose on Tuesday led by a stronger Chinese opening which shook off an initial drag from tech-driven Wall Street losses. The US dollar stayed at multiweek lows against oth...