About Lovejoy Musundire

This author has not yet filled in any details.
So far Lovejoy Musundire has created 665 blog entries.

FMHL – Cautionary Announcement

February 19th, 2024|

As per previous Cautionary Announcement dated 12 January 2024, the Insurance and Pensions Commission (“IPEC” or “the Commission”) performed a forensic investigation on First Mutual Life Assurance Company (“FML”), a subsidiary of First Mutual Holdings Limited (“FMHL” or “the Company”), arising from the asset separation exercise initiated by IPEC. FML received a Corrective Order from [...]

OK Zimbabwe Limited – Trading Update for the third quarter ended 31 December 2023

February 19th, 2024|

THE COMPANY HEREBY PROVIDES ITS TRADING UPDATE FOR THE THIRD QUARTER ENDED 31 DECEMBER 2023 OPERATING ENVIRONMENT The depreciation of the local currency against foreign currencies continued in the quarter under review. Consequently, persistent price changes adversely impacted on consumer demand and supply dynamics. Compliance with laws and regulations governing currency resulted in high instore […]

Hippo Valley Estates – Trading Update for the Third Quarter Ended 31 December 2023

February 16th, 2024|

Operating Environment The Company operated in a difficult business environment with significant inflationary pressures, exchange rate volatility, constrained Zimbabwe Dollar (ZWL) and United States Dollar (USD) liquidity. The official exchange rate to the ZWL devalued by 556% from ZWL930:US$1 at the beginning of the year to ZWL6 105:US$1 at the end of December 2023, negatively [...]

ART Holdings Limited – Trading Update for First Quarter to 31 December 2023

February 14th, 2024|

TRADING ENVIRONMENT The operating environment worsened during the quarter with the local currency instability and the significant disparity between the interbank exchange rate and prevailing market rates leading to pricing challenges and margin erosion on exports. The export proceeds surrender requirement poses a threat to the viability of exports under the prevailing economic conditions. The [...]

Willdale Limited | Trading Update for Quarter ended 31 December 2023

February 13th, 2024|

Trading Environment The major economic factors remained volatile with the inflation rate increasing steadily from a month-on-month rate of 1% in September to 4.7% in December. The Zimbabwe dollar shed 12% against the United States dollar in the same period putting pressure on costs and margins. Significant activity was witnessed in the construction industry. Increased [...]

Hippo Valley Estates – Notice to Shareholders

February 8th, 2024|

The Board of Directors of Hippo Valley Estates Limited wishes to advise its shareholders of the following changes in the Company and the Board: Aiden Mhere (ACIS, AMP, MBA) the current Chief Executive Officer of the Company, has elected to proceed on early retirement on 31 March 2024, to allow him to focus on the [...]

ART Holdings Limited – Notice of the 22nd AGM to be held on 07 March 2024

February 8th, 2024|

Annual General Meeting Virtual link: https://escrowagm.com/eagmZim/Login.aspx Notice is hereby given to the Shareholders of the Company that, the Twenty Second Annual General Meeting (“AGM”) of the shareholders of Amalgamated Regional Trading (ART) Holdings Limited (the “Company”) will be held on Thursday, 07 March 2024, at 14:30 hours for the purposes of transacting and, if deemed [...]