BUSINESS NEWS

Parliament orders accountant-general to publish 2016 financials

ACCOUNTANT-General Daniel Muchemwa has been ordered by Parliament to produce and publish government's consolidated financial statements for 2016 and 2017 before year-end.Muchemwa, who on Monday appear...

By Staff reporter | Published: 04 December 2018
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FINANCIAL SERVICES

Barclays Zimbabwe posts a strong set of financials

Barclays posted a strong set of financials for H1 17, showing a 2.9x surge in attributable earnings to $9.5m, just shy of FY 16 earnings of $10.8m. NII income was supported by the bank's access to low...

By Staff reporter | Published: 10 August 2017
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BUSINESS NEWS

Pay increase dents Govt financials

Government returned to deficit in April after an under-performing revenue line and an increase in employment costs. Latest figures from the Accountant-General's Office show that Government reported a ...

By Staff reporter | Published: 24 June 2014
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BUSINESS NEWS

NSSA in Joina City financials storm

The National Social Security Authority (NSSA) is embroiled in a financial statement storm after allegedly misleading external auditors, the public and government over the purchase of 36,21% equity wor...

By Emmerson Njanjamangezi | Published: 18 March 2014
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ZSE TODAY

Industrials ends little changed in modest gains

ZSE's Minings advanced to record 4th consecutive rise on Thursday buoyed by a 43% rise in coal miner Hwange while the mainstream Industrials ended little changed in modest gains.The Minings Index ad...

By Staff reporter | Published: 03 March 2014
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PEOPLE MOVES

ZB Financials Holdings hunts for MD

ZB FINANCIAL Holdings (ZBFH) seeks to recruit a managing director (MD) for its flagship unit ZB Bank Limited (ZB).This comes as the bank's former MD Ronald Mutandagayi was in June elevated to chief ex...

By Staff reporter | Published: 06 December 2013
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FINANCIAL SERVICES

Financial sector reforms critical to attract investment

The transformation of the financial services sector is key to attracting investment in the country, a Government official said.Finance and Economic Planning Minister Patrick Chinamasa said reforming t...

By Staff reporter | Published: 27 November 2013
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INDUSTRIALS & ENERGY

MedTech release an improved set of financials

MedTech released an improved set of financials, showing a 10% growth in revenue to $7m on the back of a 44% increase in the Medical segment revenue as well as a 5% sales growth in the FMCG segment. Th...

By Business reporter | Published: 14 October 2013
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TRANSPORT & TOURISM

African Sun corrects financials

AFRICAN Sun Limited has republished interim financial results showing a detailed account of adjustments to the income statement and balance sheet to correct earlier accounting errors.The adjustments h...

By Business Reporter | Published: 02 October 2013
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INDUSTRIALS & ENERGY

Truworths an improved set or financials

Retailer, Truworths published a significantly improved set of financials showing a 10% growth in revenue to $25.4m. The number of accounts increased by 8.2% over the comparative period to 76,500 accou...

By Business reporter | Published: 01 October 2013
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LANDS & AGRICULTURE

Padenga release a muted set of financials

Padenga Holdings Limited posted a muted set of financials as the culling of the Niloticus was delayed in order for the operation to realise best quality skins. Nonetheless, the business fundamentals ...

By Staff reporter | Published: 26 September 2013
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LANDS & AGRICULTURE

AICO reports a depressed set of financials

AICO reported a depressed set of financials negatively impacted by the lower seed sales volumes, lower lint prices, impairments as well as high finance costs. Although sales volumes grew 18% to 213,72...

By Business reporter | Published: 01 July 2013
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