AfricanFinancials Digital Team

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So far AfricanFinancials Digital Team has created 127 blog entries. | Group CEO’s Trading Update: 13 Weeks Ended 5 April 2020

May 19th, 2020|

Financial Reporting in Hyper Inflationary Economies - IAS 29 We are operating in a hyper inflationary environment and the entity will continue reporting in compliance with IAS 29. However, for this trading update, the Group reported based on historical cost. Group Performance The Group has not been spared from the impact of diminishing consumer purchasing [...]

First Mutual Properties Limited declares ZWL 0.34 cents dividend

May 18th, 2020|

At a meeting held on 27 February 2020, your Board resolved that a final dividend of ZWL 4.2 million being ZWL 0.34 cents per share be declared from the profits for the year ended 31 December 2019. The dividend will be payable on or about 3 July 2020 to all shareholders of the Group registered [...] | Powerspeed Electrical Limited declares dividend of 1 cent per share

December 20th, 2019|

Notice is hereby given that for the year ended 30 September 2019, the board declared a final dividend of 1 cent per share with a scrip option payable in respect of all the ordinary shares of the Company. This dividend will be payable in full to all Shareholders of the Company registered at the close [...] | Powerspeed Electrical Abridged results for FY ended 30 September 2019

December 20th, 2019|

The Group performed commendably during the year under review, despite the difficult operating environment, and the numbers we are reporting suggest that we have been able to further increase our market share. Although year on year growth was slower than we planned, we still recorded an increase in total volumes traded in our Electrosales Hardware [...]

African Distillers Trading Update and delay in publication of Q1 2020 interim report

November 15th, 2019|

Trading Environment Macro-economic conditions continue to be challenging, characterised by reduced consumer disposable incomes, thereby compromising product demand. Foreign currency shortages persisted in the period, impacting on the Company's ability to fully supply the market. The exchange rate movements and inflation resulted in high costs which in turn exerted pressure on selling prices. Trading summary [...]