Leading retail giant, OK Zimbabwe Limited revenue for the year ended March 2018 improved by 23.4% to close the reporting period at $582.9 million from $472.4 million recorded last year. Group chairperson, David Lake said the operating environment was marked by inadequate foreign currency reserves necessary
Zimbabwe Stock Exchange listed packaging manufacturer, Nampak Zimbabwe Limited has pinned hope on what they termed 'a sense of renewed hope' in the new dispensation to improve their operations severely affected by critical shortage of foreign exchange in the country. According to the group financial results
Crocodile meat and skin producer Padenga Holdings Limited say the good climatology in Zimbabwe has seen an increase in the production of crocodiles as the company has harvested 7493 crocs to date since the beginning of the year.
According to a statement released last week, ZAMCO will immediately sell on the market portion of its shareholding in Starafrica if the share price reaches US$0.03, so as to reduce its shareholding to less than 35%.
Delta Beverages has dismissed rumors circulating that they are left with one-week supply for Chibuku Super saying their packaging supplier is experiencing problems which they hope will be address soon. In an interview with 263Chat, Delta Beverages Secretary, Alex Makamure said there was a temporary supply
Zimbabwe Stock Exchange listed company ZECO Holdings Limited has reported a loss of US$2.133.797 for the year ended December 2017. In 2016, ZECO recorded a US$1.308.592 loss. According to the group financial results, the company recorded positive cash flows in the current year. “As at that date the
Old Mutual Limited is expecting to be listed on the Johannesburg Stock Exchange (JSE) on 26 June 2018 following a receipt of the requisite approvals, including approval by Old Mutual Plc shareholders, the company has announced. In a statement published recently, Old Mutual will also have
Zimbabwe Stock Exchange listed mining giant, RioZim Limited has reportedly failed to import key consumables and spares into the country due to lack of access to foreign currency resulting in the company opting to take the expensive route of procuring locally. Zimbabwe has experienced a serious foreign
Lafarge Cement Zimbabwe Limited has reported that heavy rainfall adversely affected their cement stocking patterns while partially contributing a four percent decline in full year sales to US$58.48 million from US$61.00 million in the prior year. The leading cement manufacturer noted that sales decline was also caused
Zimbabwe Stock exchange listed company, Zimre Properties disposed Zimre Centre in Harare for US$10.8 million, with the proceeds earmarked for the development of the Victoria Falls shopping mall as well as conversion of Nicoz House Bulawayo to students accommodation. In its results for year ended 31
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