Vegetable unit grows Seed Co earnings
Seed Co Limited’s vegetable seed processing, Prime Seed Co’s turnover performance for the full year to March 31, 2023 was supported mainly by exports and local US dollar-denominated sales to … Read More
Category: Markets
Buyers to dominate activities at VFEX
Activity is expected to be skewed towards buyers on the growing Victoria Falls Stock Exchange (VFEX) in the short to medium term, according to analysts’ projections. The US dollar denominated … Read More
Cottco pays cotton farmers US$10,7m
STATE-RUN Cotton Company of Zimbabwe (Cottco) has, so far, disbursed US$10,7 million and $46,9 million to white gold farmers, a latest report shows. According to the organisation’s update for the … Read More
SeedCo Limited to remodel its business
Hybrid seed processor, SeedCo Limited, banks on remodeling of its business model to offset the adverse impacts of exchange losses incurred during the year to March 31, 2023 as well … Read More
ZSE lifts dealers suspension
THE Zimbabwe Stock Exchange (ZSE) has lifted a six-week suspension of three securities dealers and one firm after complying with the conditions necessary to lift their suspensions. In June, ZSE … Read More
Simbisa spends US$10m to open 45 new outlets
QUICK service restaurant operator, Simbisa Brands, spent an estimated US$10 million to open 45 new outlets across Zimbabwe during the financial year ending June 30, 2023. The Victoria Falls Stock … Read More
Delta to invest US$50m into capex programmes
Zimbabwe Stock Exchange (ZSE) listed Delta Corporation plans to invest US$50 million over the next five years to boost its production capacity. Zimbabwe’s largest beer and sparkling beverages maker said … Read More
Current monetary regime to cripple Delta sales
Research firm, Morgan and Company in their Delta first quarter review, have predicted the beverage company might see reduced sales in the current financial year. “The current tight monetary and … Read More
Election spend subdued, says Delta
Zimbabwe beverage manufacturing giant, Delta Corporation (Delta), says a significant portion of sales is now going through informal channels while at the same time, the company has not enjoyed the … Read More
Delta records a 163% growth in revenue
BLUE-CHIP beverages maker Delta Corporation this week reported a 163% growth in revenue in inflation adjusted terms for the first quarter to June 30, 2023 compared to the same period … Read More
