Adelaide Moyo, Business Reporter, Author at The Financial Gazette

Confidence slump hits ZSE

STOCKS on the Zimbabwe Stock Exchange (ZSE) have been undervalued by a string of losses stemming from a slide in confidence due to policy inconsistencies, an equities firm has said. (more…)

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September 27, 2020

RBZ payments to RioZim still inconsistent

RIOZIM Limited (RioZim) says it has made little progress in crunch talks with the Reserve Bank of Zimbabwe (RBZ) for substantial forex reserves held in its nostro accounts for gold deliveries to be released. (more…)…

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September 26, 2020

National Report

Cambria sells off assets to ride out crisis

CAMBRIA Africa (Cambria) says it has downsized its Zimbabwean operations to contain costs due to the harsh economic environment. (more…)…

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September 24, 2020

World Bank spotlights Covid-19 industrial carnage

AT least 90 percent of formal businesses suspended operations in Zimbabwe during the Covid-19 induced lockdowns, a World Bank (WB) report said this week. (more…)…

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September 24, 2020

National Report

Zimbabwe and Zambia approve fresh budget for ZRA

ZIMBABWE and Zambia have approved a US$400 000 supplementary budget for running the Zambezi River Authority (ZRA) until the end of this year, according to a statement released by the authority this week. (more…)

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September 24, 2020

Companies & Markets

CBZ jumps to the top on ZSE

THE Zimbabwe Stock Exchange (ZSE) is now valued at $211 billion ― up from $29 billion ― at the beginning of the year, with CBZ Holdings accounting for a fifth of that value. (more…)

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September 18, 2020

National Report

BAT volumes dip as Covid-19 hits pockets

BRITISH American Tobacco (BAT) Zimbabwe's total sales volumes during the half year ended June 30, 2020 declined by three percent compared to the same period in prior year mainly due to shrinking consumer disposable incomes and the impact of the Covid-19 pandemic. (more…)

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September 18, 2020

National Report

Zimbabwe’s FY20 platinum output to remain flat

ZIMBABWE’S platinum output is anticipated to remain largely flat at 453 000 ounces this year from 455 000 ounces in 2019, projections from the World Platinum Investment Council (WPIC) indicate. (more…)

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September 10, 2020

Companies & Markets

Covid-19 hits Turnall exports

TURNALL Holdings says export volumes declined by three percent during the half year ended June 30, 2020 as the coronavirus pandemic hit demand while global travel restrictions affected trading. (more…)

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September 10, 2020

Companies & Markets

Seed Co sales volumes up 45pc

SEED CO Limited (Seed Co) recorded a 45,4 percent increase in sales volumes during the first quarter ended June 30, 2020, with wheat seed and barley seed making up 91,6 percent and 8,1 percent of the total sales volumes respectively. (more…)

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August 20, 2020

Sunday, 27 September 2020

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