TELECOMS & TECHNOLOGY

Strive Masiyiwa pockets $100m in dividends

STRIVE Masiyiwa has pocketed close to US$100 million as dividend payouts from his investment in Econet Wireless Zimbabwe (EWZ) since 2009, businessdigest has established.According to Econet Wireless Z...

By Staff reporter | Published: 03 May 2019
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CONSTRUCTION & PROPERTY

PPC to invest dividends in govt bonds

CEMENT producer PPC Zimbabwe has, in the last five years, spent over US$140 million in plant refurbishments and it aims to invest some of its dividends in government bonds to increase local procuremen...

By Staff reporter | Published: 03 May 2019
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BUSINESS NEWS

Delta's AB InBev places $120m unremitted dividends, fees into RBZ saving

The world's largest brewer Anheuser-Busch InBev (AB InBev) has agreed to place the over $120 million owed to it in unremitted dividends and fees by Delta Corporation into the Reserve Bank of Zimbabwe ...

By Staff reporter | Published: 11 January 2019
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BUSINESS NEWS

Efficient border management system pays dividends

Cross border travellers using the Beitbridge Border Post have commended authorities on the Zimbabwean side for embracing the border efficiency management system that has seen a marked improvement in t...

By Staff reporter | Published: 21 December 2018
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INDUSTRIALS & ENERGY

Refocus pays dividends for Cafca

Cable manufacturer Cafca's profit after tax grew four-fold to $3,85 million in the six months to September 30 from $726 213 last year on strong local demand after refocusing to copper products."Profit...

By Staff reporter | Published: 19 November 2018
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INDUSTRIALS & ENERGY

AB InBev yet to receive US$70m Delta dividends

Delta, the largest company on the ZSE by market capitalisation, last month recorded a 12% decline in annual profit.Anheuser-Busch Inbev (AB InBev) - the world's largest brewer - is yet to receive a to...

By Staff reporter | Published: 13 July 2018
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BUSINESS NEWS

Zim is open for business paying dividends

AT the turn of the century, Zimbabwe's economy was starting to decline. This was characterised by dwindling lines of credit, low investor confidence and negative marketing of the country by detractors...

By Elijah Chihota | Published: 11 June 2018
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BUSINESS NEWS

Foreign investors struggle to take out dividends

The foreign currency backlog for transactions conducted on the Zimbabwe Stock Exchange (ZSE) stood at $164 million, as of February 20, 2018, as the shortage of hard currency in the country keeps const...

By Staff reporter | Published: 06 April 2018
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FINANCIAL SERVICES

FBCH diversification pays dividends

Financial services group, FBC Holdings (FBCH), said it is now reaping rewards from its investments in various sectors of the economy.The group's chairperson, Herbert Nkala, said FBCH's six business un...

By Staff reporter | Published: 28 August 2017
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MINING & RETAIL

Choppies to use dividends unclaimed for 3 years

Choppies Enterprises advised its shareholders that dividends unclaimed for 3 years from the due date of payment may become the property of the Company and used for the benefit of the Company.Choppies ...

By Ngoni Shenjere | Published: 24 July 2017
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INDUSTRIALS & ENERGY

Delta Corp pays $16m dividends

Delta Corporation (Delta) will pay out a total $16 million after declaring a 1,30 US cents per share interim dividend in the half year to September 2013.This comes as most Zimbabwe Stock Exchange (ZSE...

By Staff reporter | Published: 18 November 2013
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TELECOMS & TECHNOLOGY

Tracy Mpofu explains why Econet has not been paying dividends

Tracy Mpofu, Econet Wireless non-executive director who chaired the AGM held on 17 September 2013 said Econet has not been paying a dividend due to a number of commitments which put pressure on cash ...

By Staff reporter | Published: 17 September 2013
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