Adelaide Moyo, Business Reporter, Author at The Financial Gazette

RTG occupancy levels drop 23 pc

AINBOW Tourism Group (RTG) says occupancies declined by 23 percent during the year ended December 31, 2019 closing the period at 47 percent from 61 percent recorded in prior year attributed to closure of some hotels. (more…)

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April 9, 2020

Companies & Markets

Doug Munatsi’s uphill task

HE MIGHT have successfully built African Banking Corporation (ABC) into a six-tier financial group - until he flogged it to Bob Diamond and self-styled billionaire Ashish Thakkar’s Atlas Mara Group for US$300 million — but Doug Munatsi faces an uphill task as Zimbabwe’s chief marketing officer. (more…)

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April 2, 2020

‘Ditch Z$ until local economy stabilises’

ZIMBABWE should discard its domestic currency for now, and move to fully dollarise — until the local economy has stabilised, economic experts say. This comes after the government made a surprise, but welcome volte-face last week, sanctioning the local general use of major currencies, in response to the…

April 2, 2020

National Report

Simbisa regional venture pays off

SIMBISA Brands (Simbisa), Zimbabwe’s largest fast-food restaurant operator, says its investment in the region has continued to increase revenue and profitability at a time the country is experiencing its worst economic crisis in a decade. (more…)

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April 2, 2020

International News

‘Ditch Z$ until local economy stabilises’

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April 2, 2020

Companies & Markets

Covid-19: ZSE gives companies reprieve

THE Zimbabwe Stock Exchange (ZSE) has extended the reporting deadline for listed companies by 30 days in the wake of the coronavirus outbreak as individuals and companies implement social distancing measures to mitigate spread of the pandemic. (more…)

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March 26, 2020

National Report

Tobacco output to dip 20 percent

THE country’s tobacco volumes are expected to decline between 10 percent and 20 percent below prior year due to late rains, TSL Limited (TSL) has said. (more…)

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March 19, 2020

Companies & Markets

Foreign acquisitions pay off for Axia

AXIA Corporation Limited (Axia) says its new acquisitions in the region are paying off after bolstering group turnover for the six months ended December 31, 2019. (more…)

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March 19, 2020

Companies & Markets

PPC Zimbabwe volumes dip

RETORIA Portland Cement (PPC) says sales volumes at its 70 percent-owned Zimbabwean unit decreased by 15 to 20 percent during the 11 months ended February 2020 due to a weak economic climate in the country. (more…)

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March 19, 2020

National Report

Caledonia gold reaches 55k oz

CALEDONIA Mining Corporation (Caledonia)’s after tax profit increased to $50,40 million during the year ended December 31, 2019 from $13,75 million driven by a net foreign exchange gain of approximately $30 million. (more…)

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March 19, 2020

Thursday, 9 April 2020

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