CASE Handbook launched

Published: 26 May 2014

FBC Holdings group chief executive Mr John Mushayavanhu said the CASE Handbook is an invaluable resource for the business community.

The handbook was launched in Harare on Wednesday, with FBC again its main sponsor.

Mr Mushayavanhu said the handbook - now in its fourth year - had captured an important space not only Zimbabwe but in the region as well.

The Central and Southern Africa Stock Exchanges Handbook profiles over 120 companies listed on the Botswana, Malawi, Zambia and Zimbabwe bourses.

Turning to FBC's performance on the Zimbabwe Stock Exchange, Mr Mushayavanhu noted the group once again recorded a rise in performance - 13,5 percent - significantly ahead of inflation.

"This is a real return to investors that those in the West would be impressed with as inflation ended the year at 0,33 percent. If we exclude shares suspended in the year and penny stocks, FBC had the sixth best performance in the year."

He noted the share price gain came despite a 12 percent increase in the number of shares in issue after FBC bought out NSSA's share in FBC Building Society.

FBC also set up a Leasing division.

"FBC continues to roll out its housing projects in Glaudina and Waterfalls allowing hardworking Zimbabweans access to the property market."

Despite General Beltings posting the best share price gain in 2013, TSL Limited won the

Company of the Year Award as it continued to unlock value for its shareholders under the leadership of Mr Washington Matsaira.

Finance director Mr Peter Mujaya accepted the award on Mr Matsaira's behalf.

Contacted for comment, Mr Matsaira said: "We feel privileged and honoured to be receiving this recognition.

"This achievement would not have been realised had it not been for our people, our biggest off balance sheet asset.

"Our core team comprising different but complimentary skills and experiences are at the ready and have the dynamism to drive the corporate vision forward."
- The Herald