Delta foreign currency sales rise 80%
BEVERAGE maker, Delta Corporation Limited (DCL) has recorded an 80% rise in foreign currency sales in its half year ended September 30, 2023, as the economy continues to dollarise. On … Read More
Category: Markets
Axia maintains focus on volume growth
Specialty retail and distribution group, Axia Corporation says it will continue to invest in volume growth during financial year 2024 (FY24) in a move expected to enhance product supply and … Read More
Eng Mabena retires at Cafca Limited
Listed cables manufacturer CAFCA Limited has announced the retirement of Engineer Alvord Mabena after 25 years as a board member. Eng Mabena retired on 24 August together with Mr Gideon … Read More
Liquidity constraints weigh down on equities market
Performance of the equities market is expected to continue to be impacted by obtaining liquidity conditions coupled with value preservation concerns during the fourth quarter of 2023, according to analysts. … Read More
Kuvimba Mining House eyes listing on VFEX
ZIMBABWE’S largest mining group, Kuvimba Mining House (KMH) is eyeing to list on the Victoria Falls Stock Exchange in a bid to unlock shareholder value of the firm as it … Read More
ZSE experiences dislocation
RESEARCH firm Inter Horizon Securities (IH) says it continues to observe a dislocation between fundamentals and performance of the Zimbabwe Stock Exchange (ZSE), due to the depreciation of the local … Read More
Axia FY23 revenue marginally declines
Specialty retail and distribution firm, Axia Corporation’s revenue for the full year to June 30, 2023 declined marginally to US$203,8 million compared to US$204 million recorded in the previous comparable … Read More
BAT banks on business remodeling to drive growth
BAT Zimbabwe, a listed cigarette manufacturer, says the continued investment in simplification of the business model will enable the company to deliver sustained growth and contribute to the socio-economic development … Read More
Padenga doubles renewable energy generation capacity
PADENGA Holdings Limited says it intends to double its solar farm output capacity, as it mulls to become energy self-sufficient in some parts of its operations on the back of … Read More
Local investors dominate CSD platform
LOCAL investors maintained their stranglehold on accounts opened at the Chengetedzai Securities Depository platform, closing the month of September sitting at 95,02%, according to the Chengetedzai Depository Company (CDC). Foreign … Read More
