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The reversal in expected credit losses was ZWL$906 million for the period under review. Deposits and other liabilities grew by 109% from December 2022 levels.
During the period under review, sales volumes of granulated sugar produced by Goldstar Sugars were stagnant, having been 82 500 tonnes sold in the prior year to 82 321 tonnes.
NMB chief executive officer Gerald Gore said total assets closed the period at ZW$1,03 trillion, driven by revaluation gains and foreign exchange gains.
“According to Hanke’s (American economist Steve Hanke) currency watch list the ZWL lost 96,72% of its value since the 1st of January 2022,” reads the report.
Animal husbandry refers to livestock raising and selective breeding for profit, an enterprise which many farmers in Zimbabwe relies on for sustenance and livelihoods.
Manungo encouraged companies to work closely with Zida on getting projects to the approval stage to develop and package identified investment opportunities.
This helped spur profit after tax for the period under review to ZWL$236,43 billion as at June 30, 2023, from a comparative of ZWL$7,7 billion last year.
Mupanduki said during the period under review, the company struggled to access funding from approved facilities with funding starting to unlock as the season progressed.
Chairperson Marc Holtzman said the group was making inroads into the renewable energy sector and was mobilising resources to support clients in that sector.
In line with the National Development Strategy 1, Soda said the government's thrust was to ensure mineral beneficiation and value addition to achieve the country’s Vision 2030.
According to ZimStat, the TCPL for Zimbabwe was ZWL$95 462,53 per person this month representing an increase of 4,8% compared to the August comparative of ZWL$91 063,30.
Taxes paid in the form of excise duty, corporate tax, value-added tax, customs duty, pay as you earn and withholding tax amounted to ZWL$14 billion in historical
Economist Prosper Chitambara said the rejection of the ZWL$50 note might push government to release higher denomination notes, a move that would increase the money supply.