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Old Mutual Securities | morning market wrap 30-April-2015

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Posted by admin 6 days ago (http://feedproxy.google.com)
This research report was prepared by the Research Department of Old Mutual Securities Limited. Old Mutual Securities Limited is a securities trading company licensed by the Capital Markets Authority (Kenya) for the purpose of facilitating trade on the Nairobi Securities Exchange.Here are our views on the news making headlines today for Kenya:Both EQBNK KN and COOP KN announced thei

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Old Mutual Securities | morning market wrap 30-April-2015

1
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Posted by admin 6 days ago (http://feedproxy.google.com)
This research report was prepared by the Research Department of Old Mutual Securities Limited. Old Mutual Securities Limited is a securities trading company licensed by the Capital Markets Authority (Kenya) for the purpose of facilitating trade on the Nairobi Securities Exchange.Here are our views on the news making headlines today for Kenya:Both EQBNK KN and COOP KN announced thei

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Zimbabwe suspends ‘special’ diamond dividends, gets IMF pat

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Posted by admin 6 days ago (http://source.co.zw)
By Bernard Mpofu, HARARE, April 30 (The Source) – Zimbabwe’s government says it has suspended a special dividend on diamond sales it introduced last year, as part of a review of the fiscal regime for the mining sector. Last year, the Reserve Bank of Zimbabwe ordered banks to levy 15 percent special diamonds dividends from […]

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Manufacturing capacity utilisation seen falling to 30pct by year end, Dimaf 2 on the cards

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Posted by admin 6 days ago (http://source.co.zw)
BULAWAYO, April 30 (The Source) – Zimbabwe’s manufacturing sector is seen falling to 30 percent of capacity by the end of the year on the back of continued challenges that have forced most companies to either downsize operations or completely closing shop, an official has said. Deputy Minister of Industry and Commerce Chiratidzo Mabuwa told […]

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Power cuts to worsen after Hwange shutdown – ZPC

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Posted by admin 6 days ago (http://source.co.zw)
BULAWAYO, April 30 (The Source) – Zimbabwe’s electricity generation has fallen to 801 megawatts (MW), less than half of peak demand, after a systems disturbance shut down Hwange Thermal Power and maintenance works at other plants with power outages likely to worsen, the company Zimbabwe Power Company (ZPC) has said. Zimbabwe experienced a countrywide blackout […]

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Zimplats gets royalty fillip, bounces back to profitability

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Posted by admin 6 days ago (http://source.co.zw)
HARARE, April 30 (The Source) – Zimbabwe’s largest mining firm, Zimplats, bounced back to profitability in the quarter to March 31, reporting net operating income of $6,8 million compared to a $21 million loss in the previous quarter. With average PGM prices remaining flat over the last two quarters, Zimplats’ improved bottom line is attributable […]

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Zambia, Zim seek deeper cooperation to boost trade

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Posted by admin 6 days ago (http://source.co.zw)
BULAWAYO, April 30 (The Source) – Zambian President Edgar Lungu has said his country and Zimbabwe need to improve bilateral relations to boost trade between the two countries which however has been in favour of the northern neighbour. Officially opening the Zimbabwe International Trade Fair on Thursday in Bulawayo, Lungu said border agencies between the […]

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Editorial/Review remuneration models

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Posted by admin 6 days ago (http://www.financialgazette.co.zw)
FINANCE Minister Patrick Chinamasa has warned that the road ahead will be painful as government adopts measures to balance its books. Assuming that government finally musters the political will to do it, it mustn’t lose sight of some quick wins that can enhance Zimbabwe’s competitiveness such as the need to review remuneration models in the ...

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