Real Estate Investment Zambia will not be entering into a subsequent employment contract with its CEO Sydney Popota following the expiration of his contract, according to a statement from the Group. “In accordance with the Securities Act No. 41 of 2016, the Board of Directors (“the Board”) of Real Estate Investments Zambia Plc (“REIZ” or […]
The Real Estate Investment Zambia (Board) has indicated that it will not be proposing a Dividend at the forthcoming Thirty-eighth Annual General Meeting of that will take place at Southern Sun Hotel, Ridgeway, Lusaka on Wednesday 25th March 2020 at 10:00 Hrs. Shareholders at the coming AGM will be requested “to approve the Board’s recommendation […]
With only 8 weeks of its 2019 financial year remaining, REIZ has announced the resignation of one of its Directors from the board, according to a statement released by the listed company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Real Estate Investments Zambia Plc (“REIZ” or the “Company”) […]
The property investment company, Real Estates Investment Zambia (REIZ) has announced the resignation of one of their longest service directors, Dr. Elizabeth Nkumbula, from the board, according to a statement issued by the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of Real Estate Investments Zambia Plc wishes […]
Property group Real Estate Investments Zambia Plc anticipates to report weaker earnings at half-year 2019 following unrealized exchange losses among other reasons, according to a statement from the company. “In accordance with the Lusaka Securities Exchange Limited Listings Requirements, the Board of Directors advises the Shareholders of Real Estate Investments Zambia PLC that for the […]
Performance overview In 2018, the real estate market in Zambia was highly competitive with the development of real estate properties continuing to record steady remarkable increases. Despite the increase in the value of property in Zambia the market has continued to put pressure on existing properties as demand in the near term is lagging supply. […]
The gold that glitters in the property market has quickly faded as REIZ reported an 88.8 % fall in profit after tax for the 2018 financial year. The company reported the sharpest fall in revenue in over 5 years following a period that has seen it invest organically in premium real estate in Zambia. Investment […]
It may have been 6 months ago that Real Estates Investment Zambia Plc posted its half year performance on SENS, but it is important for us to prepare for the final year results as the real estate Group closed off what was a challenging year for companies in their sector. A glance at half year […]
In 1950, the People’s Republic of China published a land reform law on June 30th, 1950. Land expropriation and reallocation was a pivotal tool to fight the unequal distribution of wealth. Land was redistributed among all the classes of the people. This paved the way for China’s rise to a industrialized super power. The reform […]
CEO Sydney Popota is getting ready for an AGM to remember. According to SENS Announcement issued on 06 March 2018, for the year ended 31 December 2017, the basic earnings per share for REIZ are expected to be 219% higher than the basic earnings per share for the year ended 31 December 2016. In short, […]
Real Estate
