Categories: Stories

Zimbabwe investments boost TA earnings

Despite the tales of doom and gloom in the Zimbabwe economy, the Zimbabwe investments of TA Holdings, which is in the insurance and hotel industries, boosted the company’s profits with earnings per share more than doubling from 0.78 cents per share to 1.59 cents per share.

Its investments outside the country fell by a whopping 77 percent.

According to the company’s half year results for the period ending June, Zimbabwe investments turned around from a loss of $800 000 last year to a profit of $2.6 million. Investments outside the country dropped from a profit of $3.6 million to only $800 0000.

The company, however, says investment income growth for the next six months is expected to be flat.

(47 VIEWS)

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Can the ZiG sustain its rally against the US dollar?

Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…

November 10, 2024

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024

Is Harare the least democratic province in Zimbabwe?

Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…

October 11, 2024

Zimbabweans against extension of presidential term in office

Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…

October 11, 2024