Companies optimistic about outlook

17

Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX)-listed firms are going to leverage on the country’s improved business environment to increase revenue and volumes in the short-term despite disruptions and threats still posed by the Covid-19 pandemic.

According to a set of recent trading updates, the companies said they were cautiously optimistic of a sustained improvement in major macroeconomic fundamentals into December and first quarter of next year, with hopes pinned on better access to foreign currency and a good agricultural season.
Mashonaland Holdings (Masholds) said the real estate occupier market was expected to improve, benefiting from Zimbabwe’s positive economic growth projections, which officials pegged at 7,8 percent this year.