Zimbabwe Stock Exchange (ZSE) listed home ware furniture and electrical appliances retailer, Axia Corporation Limited is set to be the latest firm to delist and migrate to the Victoria Falls Stock Exchange (VFEX) after its board approved the decision. The VFEX, a subsidiary of ZSE is
ZSE-Listed manufacturing group, Innscor Africa Limited has handed over US$ 453 588 to the Innscor Africa Employee Share Trust after posting ZW$ 53.7 billion inflation adjusted profit for the financial year ended June 2022. Innscor group owns brands such as National Foods, Irvine’s, Colcom, AMP, Probrands,
Fast food retailer, Simbisa Brands Limited will trade its shares for the last time on the Zimbabwe Stock Exchange (ZSE) this Friday to pave way for its delisting and subsequent migration to the Victoria Falls Stock Exchange (VFEX). Simbisa shareholders approved the delisting and migration to
Hospitality giant, Rainbow Tourism Group (RTG) managed to double hotel occupancy during the nine months to September resulting in the group returning to profitability after enduring a tough two years since the start of the COVID-19 pandemic. The group achieved a profit before tax for the
The Zimbabwe Stock Exchange (ZSE) returned to positive territory on Monday, shrugging off previous week bearish run although analysts say the market is still largely shrouded in uncertainty. Equities have endured a difficult second half of the year after authorities put breaks on trading as well
263Chat · Tanganda Resilient Despite Headwinds ZSE-listed agro industrial firm, Tanganda Tea Company Limited demonstrated resilience in third quarter (Q3) to June 2022, with profit after tax exceeding previous year in both inflation adjusted and historical cost terms despite hampered by increased operational costs and reduced
Following months of negotiations, listed milk processor Dairibord Holdings Limited (DHL) has announced the failure of a possible merger with another dairy company, Dendairy (pvt) Limited. However, the company could not disclose the sticking issues which led to the failure of the deal. “Dairibord Holdings Limited and
The Victoria Falls Stock Exchange (VFEX) is set for a major boost following crocodile breeder, Padenga Holdings and miner, Caledonia Mining Corporation Plc announcements for an imminent listing and trading on the bourse. The VFEX was launched last year with the aim of creating a regional
Despite enduring massive disruptions to its supply chain during the COVID-19 restrictions effected during the just ended financial year to March 2021, Delta Corporation Limited managed to post earnings before interest and tax of ZWL$ 10.7 billion, signifying a 32 percent growth from pre-pandemic prior
ZSE-listed property investment firm, Mashonaland Holdings Limited’s Bluff Hill housing project is set to be officially launched this Friday following the completion of a model show house that preludes the construction of 24 other units in the next 18 months. The project experienced major delays due
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