The AXiS LV

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Walking a tightrope

Ballot box

GDP

In ation

#Issue: LV#Issue: LIV

EQUITY AXIS www.equityaxis.net

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By a fortunate stroke of serendipity, it is an honour to receive the prestigious Capital Markets-
Media Coverage Award, just as The AXiS turns one year old. The award was nominated by a
public poll and adjudicated by a judging panel, aiming to recognize journalism which is revelato-
ry, and which has an impact. The award recognises the outstanding work of a media house
whose articles have raised awareness and understanding of developments in the capital mar-
kets. For us, first and foremost, the prerogative is to be an industry leader in economic, business
and financial analysis and reporting. It is a pleasure to be recognized for the frequency and

depth of our reporting on developments within capital markets

Capital markets reporting in the corporate and financial sector requires a critical voice that
questions corporate practices and behaviour. However, following stakeholder theory, media
have no financial stake in a company but play a crucial role in disseminating information and
influence stakeholders, such as investors, and their decision-making processes. We pride
ourselves in playing this crucial societal role, acting as watchdogs for industry because the
distribution of information shapes financial markets. And as Dr Mthimkulu eloquently articulat-
ed, “We are the stewards of society’s futures and a such, we have an unmistakable reporting line

to society”.

We would like to thank Business Weekly and Financial Markets Indaba for recognising our hard
work and our corporate partners and clients for believing in our vision.

The EQUITY AXIS

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CONTENTS The AXiS LV 25 Nov 2022

The Cover Economic News & Analysis
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5 Hawkish policy stance stuns industry:
Mthulinomics Volumes fall as aggregate demand ease
pnbscpcctauosvInothoooanoupuimalcwronuulddbpmtariyccrpouealgercisikelsurscsaecreoesdrusstbdnthmsicaenyoksaaihnnsdietgfsrtd2edrwdyhau0dretesestidtvsc3hltffhhcheeiho�m0ecooei-eacpmo.einrin�tsenntooceccsaci2rurmoosnaoies0n�stfmumgnmroih2mocc,noooei3faaotmmremnarietgnnneychgamryinc’t�niecstcooaahvrgmguot�oeniiedhltnlfcaeoootyreotukkcmnbiohareveonriaasnnneeeyys--,ll
6 Mthulinomics: 2023 Na�onal budget key highlights
RTG 7 Zim now one of the fastest-growing Africaneconomies:
ZpG3fphtfSorheS0oarorroaEpor9tmanev-tu%l�eiltipddsZhmv’teWoseeretrboou,d$eob(pn5rRmlZeei.3GnW2hrRd0ieToaob$.of)isdrin2clpomlb1ciirmotpuo.eoa4nrpwvnli2ieaoittn4bnynhr%iucstllyheyTiotsoeeeoenaumncgr,rr5ovdrio1esimuecarm%wpdees-
What’s stopping the resource-rich na�on from reaching its
EDGARS full poten�al?
LEi(eaiwpnnUegdrehttsaSggrrrifdoo$rcaaoeh)iddrsnrsscuumsgdricciteZveaeediecnpddbmlicrotaUembeb�tssa.hnayolsbeiilenntewstedegshdettefaoooSrrverLgtyesaitoimutartvmsaeirilevltsclereiuvdonaGdseoumstrulotolhtelrameuheanrtpessst-, 8 Opinion Piece: Why the ZSE should consider delis�ng ZECO
10 Academic Infla�on : Adjus�ng our ter�ary educa�on models
to deal with brain drain
13 Black Friday: What Zim could do with the volume transforma�on day
Cocoa Coali�on:Seeks Global Influence
14 RBZ: Introduces a Collateral Registry
Looking Ahead “2023”: Agriculture remains focal point for economic growth
15 A blessing in disguise for ZERA: European Union embargo on Russian oil

Guest Column

18 Sustainable economic growth : The call for economic and structural reforms in Zimbabwe

Business News and Insights

20 RTG: Records stellar profit growth, as occupancy more than doubles
21 EDGARS:Introduces US$ credit sales amid depressed performance
22 Border Timbers: achieves impressive profit, despite volumes decline in Q1 FY’23

GB Holdings: Economic arena remains unbearable
RioZim: Produc�on increases, despite tough condi�ons
20 Turnal Holdings:In 13% revenue jump despite drop in volumes
Zimplow: Barzem Enterprises suffers huge blow, ceases to be the CAT distributor
Na�onal Foods : Solace as ZSE delis�ng looms
25 EcoCash: shrugs headwinds to narrow losses
26 BancABC: Pursues branchless approach

Markets

29 Markets Watch
31 Weekly Commodi�es Pulse
30 ZSE Weekly
33 Financial Markets At a Glance

World News

27 Business around the world
28 Poli�cs around the world

ZSE ASI 13,728.85 ZSE TOP 10 7,791.75 MEDIUM CAP INDEX 32,670.74 ZSE TOP 15 8,800.72 SMALL CAP INDEX 513,688.02 ZWL INTERBANK 639.1701
13,771.09 7,813.39 32,801.57 8,816.25 510,153.10 639.3123
13,769.87 7,818.27 32,747.98 8,828.79 512,266.14 640.6350
13,772.01 7,809.52 32,851.85 8,834.51 504,759.97 643.3081
14,099.90 8,083.30 32,925.09 9,089.82 508,380.48 646.4123
14,115.89 8,118.07 32,758.76 9,109.48 505,122.94 646.7846
2.82% 4.19% 0.27% 3.51% -1.67% 1.19%

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