馃嚳馃嚰ZimbabweSouthern Africa
Delta Corporation reports strong half-year results amid economic headwinds
via NewsDay Zimbabwe1 min read
Delta Corporation, Zimbabwe's most valuable listed firm with a market capitalisation of US$1.43 billion, announced strong half-year results. Despite this performance, the company is facing headwinds. Separately, ART operations were impacted by power outages and raw material shortages, leading to a 6% decline in exports and a 26% decline in paper division volumes in the third quarter to June 2022. Other news includes the appointment of Madziva as CEO at Ariston, and nurses announcing a three-day protest.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
The Post Office Savings Bank POSB announced a significant increase in its dividend payments, rising from US$216,334 in 2022 to US$5.14 million in 2026. This growth was attributed to improved profitability and effective capital management by the bank. The record dividend declaration highlights the bank's enhanced financial performance.
Must ReadZimbabwe has commissioned a specialized honey testing laboratory to enhance the export competitiveness of its honey products. This initiative aims to improve the quality and market access for Zimbabwean honey on the international stage. Other news includes an ex-Harare official winning a Labour Court challenge over dismissal, Econet launching XtraData Bundles, and ARDA delivering 120,000MT as Zimbabwe prepares for El Ni帽o. Additionally, Mutapa Gold upgraded its laboratory to reduce exploration costs and boost investor confidence, while ART operations were affected by power outages and raw material shortages, leading to declines in export and paper division volumes.
Zimbabwe has commissioned a specialized honey testing laboratory to enhance its export competitiveness. This development aims to improve the quality and marketability of Zimbabwean honey on the international stage. Other news includes the repatriation of over 72,000 Zimbabweans from South Africa, Econet's launch of XtraData Bundles, and ARDA delivering 120,000MT as Zimbabwe prepares for El Ni帽o. Additionally, Mutapa Gold upgraded its laboratory to reduce exploration costs and boost investor confidence, while new grain levies are proposed to address climate and food security risks. Holy Ten was granted US$500 bail on a rape charge, and ARTUZ launched a digital tool for reintegration of returning learners.