African Markets news

Markets

Dollar bulls have been handed the baton after a Federal Reserve policy maker reinforced the chances for a US interest-rate increase as soon as next…
02.21 / 08:53
fin24.com
The yen will slump to ¥120/$ in six months as the Federal Reserve raises US interest rates but that’s about as weak as it will get, says an ec…
02.21 / 08:53
fin24.com
THE National Competitiveness Commission Bill faces Parliament rejection with Members of Parliament saying the country has no resources to support the commission. Industry and Commerce Minister Mike Bimha introduced the Bill for the Second Reading in the National Assembly, but legislators described the new commission to be set up if the Bill is passed…
02.21 / 08:43
financialgazette.co.zw
ZIMBABWE’S largest gold miner, Metallon Corporation on Monday reported an annual production of 94 212 ounces for 2016, two percent lower than the 96 530 oz achieved previously after a poor fourth quarter. The miner missed its revised target of 102 000oz, following delays in the construction of the New Processing Plant at Mazowe M…
02.21 / 08:43
financialgazette.co.zw
LISTED wine and spirit maker African Distillers (Afdis) recorded a US$1,8 million profit in the half year to December 31 2016 from US$1,6 million last year largely due to improved sales and cost reduction. Revenue during the period under review amounted to US$14 million, a growth of 10 percent against a volume increase of…
02.21 / 08:43
financialgazette.co.zw
CABLE manufacturer, CAFCA Limited says margins in the four months to January 2017 are two percent below the prior year as a result of pressure from cheaper imports. Group managing director Rob Webster told shareholders at the company’s annual general meeting that the company is engaged with government in seeking protection from imports threatening i…
02.21 / 08:43
financialgazette.co.zw
THE Zimbabwe Stock Exchange last week slipped 1,73 percent to 136,97 points on the back of losses recorded by Delta and Econet, while the mining index remained stable at 60,73 points. Heavyweights Delta and Econet lost 3,9 percent and 15 percent to close at 82 cents and 17 cents respectively. Barclays fell 7,63 percent…
02.21 / 08:43
financialgazette.co.zw