CFI Holdings Records $42.6 million Turnover
According to the group financial report, of the total turnover, the Retail and Farming Divisions contributed 93.9% and 6.1%
SASOL Company Eyes Zimbabwe Warily
Asked what needs to be done by the new president for the company to come in, Nqwababa said, “There needs to be liquidity, there needs to be confidence, confidence is the biggest lacking issue
Ariston Holdings Limited Revenue Up
Zimbabwe Stock Exchange listed company, Ariston Holdings Limited revenue for the year ended 30 September 2017 improved to US$11.0 million from US$9.2 million recorded in prior year. According to the group chairperson Alexander Jongwe, gross margin for the year improved to 31% from 18% in prior
Amalgamated Regional Trading Profit Before Tax 76% Up
Zimbabwe Stock Exchange listed company Amalgamated Regional Trading Group profit before tax increased by 76% to $4 million as compared to $2,3 million recorded during the same period last year. According to the group chairman, Thomas Ushe, financial revenue increased by 13% as a result of
Untu Capital brings Solution For Investors
A local financial institution, UNTU Capital on Wednesday unveiled its first mobile based retail note named U-Gain which enables the unbanked population to buy shares on the stock exchange using mobile money platforms such as Ecocash and Telecash. Speaking to 263Chat, Untu Capital Chief Executive Officer,
Power Speed Electrical Turnover 30% Up
Zimbabwe Stock Exchange listed company Power Speed Electrical Limited recorded a turnover of $53.9 million for the year ended 30 September, a 30% increase from the same period last year due to increased sales of lower margin locally manufactured building materials. According to the group, chairman Simba
Simbisa Brands Limited Revenue 8pc Up
Zimbabwe Stock Exchange listed company Simbisa Brands Limited revenue for the year ended June 2017 increased by 8% to $158.9 million compared to $146.6 million recorded in 2016 and this was driven by organic growth in Zimbabwe and Kenya and 6 months revenue contribution from
Social Unrest Impacts on Truworths
Social unrest coupled with an uncertain economic environment following the introduction of bond notes have negatively impacted on Truworths Limited sales. In the period ending July 2017, Truworths Limited recorded a 28.8% lower than the prior year resulting in an operating margin of -19.4% compared to
First Mutual Assets Eight Percent Up
First Mutual holdings limited’s total assets grew to US$247.6 million as at 30 June 2017 compared to US$229.7 million during the same period in 2016. According to Group chairperson, Oliver Mtasa’s statement, notable growth came from debt and equity securities driven by positive fair value movements
Securities Exchange Commision Launch ‘Whats Your Hustle’ Campaign
The Securities Exchange Commission of Zimbabwe and its various partners on Tuesday launched a capital investor education campaign titled "Whats Your Hustle" aimed at helping the average Zimbabweans to harness the stock market to build personal wealth. Speaking on behalf of the Securities Exchange Commission of