Banking, Real Estate, Real Estate investments Zambia (REIZ)November 12, 2019

REIZ Announces Director Banja Kayumba exit from Board  
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”) […]

Real Estate, Real Estate investments Zambia (REIZ)September 17, 2019

Stalwart Director exits REIZ
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 […]

Real Estate, Real Estate investments Zambia (REIZ)September 11, 2019

REIZ forecasts 186% lower earnings per share at half year 2019
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 […]

Real Estate, Real Estate investments Zambia (REIZ)March 19, 2019

Real Estate Investment Zambia PLC – 2018 Performance Analysis
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. […]

Real Estate, Real Estate investments Zambia (REIZ)March 15, 2019

REIZ earnings fall as rental income suffers ‘haircut’ due to exchange losses
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 […]

Real Estate, Real Estate investments Zambia (REIZ)January 17, 2019

REIZ at Half year 2018
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 […]

Real Estate, Real Estate investments Zambia (REIZ)March 12, 2018

REIZ to outperform expectations
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, Real Estate investments Zambia (REIZ)January 3, 2018

REIZ at New Year adds more assets
As many Zambian businesses took rest during the festive season to recharge their batteries for 2018, one player on LuSE was conferring with Father Christmas on how best to gift its shareholders. Seriously though, in line with their business strategy of having a diverse portfolio, REIZ spent its “down time” consolidating its position as leader […]

Real Estate, Real Estate investments Zambia (REIZ)September 19, 2017

IAS 40 Bites REIZ at Half Year
On nine eleven 2017, REIZ published its half year results. The company is enjoying pursing ubiquitous projects in some of the provincial capitals of Zambia. Although at half year in 2017 they are currently 53% less than where they were in the previous year (earnings wise), rental income only dropped by 5.85%. This was largely […]

Real Estate, Real Estate investments Zambia (REIZ)June 8, 2017

Real Estate in Zambia: When Prime gets bloody
Zambians love construction. Wherever you find men and women of means, they are always proud to speak about their construction projects. It’s become a favorite pastime for many with some looking at their projects as a means of “saving money”. However, what is interesting with the construction landscape is the diversity of projects that have […]