ZSE companies defy Covid-19 disruptions

MOST firms listed on the Zimbabwe Stock Exchange have defied the national Covid-19 lockdown disruptions to post increased revenues.
This comes after the country imposed various levels of lockdown since the first one in March last year, after the deadly virus broke out, disrupting business and social operations.

Financial results and trading updates released recently show that companies’ ingenuity saved them from the devastating impact of Covid-19 lockdowns. The first half of 2020 was, for many companies, the most challenging in decades after the year opened with the economy showing moderate growth before it was wiped out when Covid-19 hit the country in March — a time when the virus was rapidly spreading across the world, disrupting supply