Willdale Limited | Q2 2020 Trading Update

May 15th, 2020|

Trading Environment The operating environment has been characterized by hyperinflation. The inflation rate reached 677% year on year to March 2020. Inflationary pressures emanated from price increases in most goods and services as a result of the weakening Zimbabwe dollar. The Covid19 pandemic resulted in the country being placed on total lockdown for 21 days [...]

Willdale Limited | Appointment of Chairman

March 26th, 2020|

The Board is pleased to announce the appointment of Mr. Washington Chidziwo as Chairman with effect from 20 March 2020. Washington holds a Bachelor's degree in Business Studies from the University of Zimbabwe and has several years experience in the banking sector at senior level. He also sits on the Board of Belwood Group of [...]

Willdale Limited to hold its Annual General Meeting on the 19th of March 2020

February 28th, 2020|

Notice is hereby given that the Annual General Meeting of Will dale Limited will be held in the Boardroom, Willdale Administration Block, Teneriffe Factory, 19.5km peg Lomagundi Road, Mount Hampden on Thursday 19 March 2020 at 1100 hours for the purpose of transacting the following business: Ordinary Business To receive and adopt the financial statements [...]

Willdale Limited 2020 Q1 Sales volumes down 15%

February 13th, 2020|

Trading Environment Inflation peaked at 38.8% in October 2019 and then continued its downward movement, which began in the prior quarter, to end at 16.6% for the month of December 2019. Although still relatively high, declining inflation impacts positively on disposable incomes and volumes. The mortgage market remained subdued due to low incomes. Volume performance [...]

Willdale Limited declares a full year gross dividend of 0.084 cents

December 27th, 2019|

The directors have resolved to pay a final dividend of 0.084 cents per share with respect to the year ended 30 September 2019. This brings the Total dividend for the year to 0.12 cents per share. The final dividend is payable to shareholders registered in the book of the Company at the close of the [...]