First Mutual Ltd has recovered to post a net profit of US$9,3 million for the year to December 2016 from a loss position of US$131 000 in the prior year.
FBC Holdings Ltd is sitting pretty in terms of capital and will meet the central bank’s statutory requirements, CE John Mushayavanhu said.
THE Retrenchment Board has rejected an application by Agricultural and Rural Development Authority (Arda) to be exempted from paying a retrenchment package to 70 of its workers, saying the company […]
Clothing manufacturer and retailer Truworths expects an extremely difficult trading business environment owing to foreign currency shortages that have negatively impacted on its stocking levels and pricing.
TSL Ltd (TSL)’s hopes of expanding revenue streams are pinned on a multi-million dollar integrated commercial and industrial complex to be constructed on the company’s 100 hectare land parcel located […]
Old Mutual Zimbabwe Ltd after-tax profit increased by 590% in the full year to December, helped by strong performances in its banking and insurance businesses and a bull run on […]
The country’s largest financial services group by deposits and assets, CBZ Bank, is exposed to the cash-strapped government through Treasury Bills (TBs) to the tune of US$760 million.
Almost five years ago, the Reserve Bank of Zimbabwe (RBZ) increased the minimum capital requirements for commercial and merchant banks to US$100 million from US$12,5m and US$10m respectively. With 13 […]
GOVERNMENT’S stock of Treasury Bills (TBs) has reached a whopping US$2,079 billion over the last two years amid concerns that this could crowd out private sector lending and force the […]
A board shake-up is looming at ZSE-listed property concern Mash Holdings Ltd after it emerged the group’s majority shareholder, Transnational Holdings Ltd, has sought representation on the board.