Agriculture, Marketing, RetailApril 28, 2017

Chickens in Market Research
Many companies in Zambia often miss the opportunities that market research gives. Some even convince themselves that it’s either unnecessary or too expensive to undertake. They would rather take their chances in the market. However, those that do make the decision to actually use market research will find themselves only tapping into a fraction of […]

Retail, Zambia Sugar PlcApril 27, 2017

Zambia Sugar at PAAR with Value in 2016
There was little sweetness in the ZamSugar board chairman’s statement that after 20 years of paying consistent dividends, shareholders would not be receiving a dividend for the company’s 2016 performance. Fidelis Banda, its chairman, had forewarned investors in the company that 2016 would pose different challenges ranging from power interruptions to irrigation issues,force majeure situations

Real Estate, Real Estate investments Zambia (REIZ), RetailApril 24, 2017

The Mall Game is Beyond Bloody
When Hyprop Investments Limited bought Manda Hill in 2013,they believed they had landed themselves a gem. With two anchor stores in Game and Shoprite, Manda Hill was the quintessential mall of choice for any retailer who wanted to tap into the gold of the 40,561 sq meters on offer. With 109 stores and 1434 parking […]

Footwear, Zambia Bata Shoe PlcApril 17, 2017

Bata for women in 2017
Bata’s Chairman George Sokota was delighted to present the annual report to the shareholders at their 55th AGM. He acknowledged that government played a huge role in ensuring viable economic policies and for creating an enabling and peaceful environment for doing business. George declared that rural stores were their key value drivers. However, due to […]

Lafarge, RetailApril 11, 2017

Zambian Industry Analysis
The Financial Times of Zambia is proud of the work it is engaged in. We have observed that many non-premier companies (of the SME flavor) in Zambia enter markets without understanding some of the factors that influence a firm’s profit potential. This can only be determined by assessing each industries profit potential because the profitability […]

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RetailApril 6, 2017

Value over Volume
The mining conglomerate Rio Tinto announced its 2016 full year results and while their chief executive J-S Jacques was quoted verbatim saying “Today’s results show we have kept our commitment to maximise cash and productivity from our world-class assets, delivering $3.6 billion in shareholder returns while maintaining a robust balance sheet. At the same time, […]

Lafarge, RetailApril 6, 2017

Lafarge Enters Cement Wars – A case of mixed fortunes
The years 2013 & 2014 will be remembered as the vintage years for the cement company. If you held stock in the company you would have enjoyed your highest dividend to-date at a whopping EPS of 2.12 in 2014. However this has cooled to lower than its 2012 eps albeit still in its expected range. […]

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British American Tobacco, FinanceApril 3, 2017

BAT Zambia – War against illicit trade
In 2016, Michael Mundashi’s board ushered in a new managing director in Godfrey Machanzi (an engineer turned MBA) and finance director Nigel Curran both legacy employees of the tobacco giant (24 years of combined years of service to date). Michael cites bearish 3% GDP growth, slump in global commodity prices, low energy generation in the […]

Retail, Shoprite Holdings PlcMarch 26, 2017

Economies of Scale key to Shoprite’s Success
As Zambians, we all love Shoprite. From its wide assortment of groceries, this chain of stores offers a dynamic yet consistent family shopping experience for many of its customers. Originating from South Africa, the group has been embarking on an aggressive campaign of expanding its network of stores across Africa. Stability in the economies they […]

Agriculture, Retail, Zambia Sugar PlcMarch 26, 2017

Growing Sweet Value in Zambia the ZamSugar Way
As I swift through the sweet Managing Director’s statement in ZamSugar’s 2016 Annual Report, I cannot help but feel excited for newly appointed Rebecca Katowa. She takes over a sweet company that is literally sweetening value from Mazabuka…much to the delight of shareholders.   The last two financial years faced the wrath of falling commodity […]