ZIMRE Property Investment Limited (ZPI) says it benefitted from currency reforms that government adopted in February this year, which saw the company record exchange rate gains of $3,3 million during …
finance
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FALCON Gold Zimbabwe (Falgold) is seeking to relist on the Zimbabwe Stock Exchange (ZSE) after it finally published its financial results last week.Advertisements
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CABLES maker CAFCA says its sales volumes dropped significantly during the three months to June 2019 due to Zimbabwe’s “recessionary monetary policies”.Advertisements
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STRUGGLING South African retail group Edcon says it has sold its shareholding in Edgars Stores in Zimbabwe (Edgars) to service some of its debts.Advertisements
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FINANCE minister Mthuli Ncube’s decision to re-introduce the Zimbabwean dollar has created reporting headaches for listed firms.Advertisements
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LISTED firms are reporting a slump in volumes due to waning demand as the country’s economy continues to deteriorate.Advertisements
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SANLAM Group closed 2,75 percent higher on the JSE to R73.87 a share after saying that its business had grown in the six months to June despite South Africa’s subdued …
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FIRST Mutual Holdings Limited (FMHL) says the country’s foreign currency shortages have seen its reinsurance business fail to underwrite regional business.Advertisements
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THE Insurance and Pensions Commission (IPEC) says Zimbabwean life assurers’ uptake of reinsurance, at about two percent, is very low and could lead to insolvency.Advertisements
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INDUSTRY minister Mangaliso Ndlovu says government is yet to conclude negotiations with Chinese investor R and F for the resuscitation of Ziscosteel (Zisco), two years after the deal was consummated.Advertisements
