Border Timbers pushes for recapitalization
Listed timber producer Border Timbers in its trading update for the nine months to March 31, 2023 said it is still pushing for the recapitalization of its operations in order … Read More
Category: Markets
Obsolete equipment strains Border Timbers performance
OBSOLETE equipment and constant breakdowns have become a major drawback to the growth and performance of listed timber producer, Border Timbers, which recorded low output and weak sales for the … Read More
Truworths volumes drop
LISTED clothing retailer, Truworths, says units sold declined by 45 percent in half the year ended January 8, 2023 due to the suspension of credit from 1 July 2022 and … Read More
Is dollarisation driving more firms to VFEX?
AS more companies continue to delist from the Zimbabwe Stock Exchange (ZSE) to join its foreign currency-denominated subsidiary, the Victoria Falls Stock Exchange (VFEX), market players appear to suggest that … Read More
Khaya Cement undergoing business transition
Listed cement producer, Lafarge Cement now trading as Khaya Cement, has said it is increasing its milling capacity and has invested in delivery trucks in order to recapacitate its business … Read More
BAT volumes decline
CIGARETTE manufacturer and tobacco exporter, British American Tobacco Zimbabwe (BAT) has reported an 18% fall in volumes for the first quarter of this year owing to depressed demand. In a … Read More
AXIA commends reduced interest rate
VICTORIA Falls Stock Exchange (VFEX)-listed Axia Corporation Limited says the reduction in interest rates for local currency had a positive impact on business operations for the quarter ended 31 March … Read More
Zimbabwean Brands, Mega Market increase shareholding in Turnall
Listed consumer discretionary manufacturer, Turnall, announced that one of its shareholders had acquired an additional 10 percent of its listed shares. Company secretary, Lizzy Samunda, in a statement noted; “Zimbabwean … Read More
First Mutual’s Q1 revenue up 554%
FIRST Mutual Properties (FMP) recorded a 554,26% increase in revenue in the first quarter of this year due to improved United States-dollar business and rent reviews. The increase was despite … Read More
Macro-economic instability unsettles FBC
FINANCIAL services concern FBC Holdings Limited reported a profit after tax of $25,4 billion in the first quarter of this year after keeping an eagle’s eye on its spending. In … Read More
