OPERATING ENVIRONMENT The period under review was marked by a constrained liquidity environment. Inflationary pressures were mitigated as the official exchange rate remained stable, resulting in relatively consistent consumer prices during the quarter. However, the liberalisation of the exchange rate towards the end of the quarter triggered severe disruptions in trading activities, impacting pricing models
Dairibord notes with concern various online media reports on the purported closure of its Zimbabwe operations and subsequent relocation to South Africa. These reports reflect inaccuracies which this statement seeks to clarify. The position is that Dairibord has a longstanding history of successfully exporting its heritage brands to South Africa and other regional markets, failing
CHAIRMAN’S STATEMENT OPERATING ENVIRONMENT Overall, the first half of the year was a period of economic strain. Macroeconomic instability persisted in Q1, characterized by high inflation, exchange rate volatility and depreciation of the local currency. The introduction of the Zimbabwe Gold (ZWG) currency in April resulted in stabilization of both the exchange rate and inflation,
Further to the cautionary published in the press on 1 July 2020 and subsequent updates, shareholders are advised that Dairibord Holdings Limited is still in discussion with an unlisted entity (Dendairy (Pvt) Ltd), for a merger and acquisition transaction. If successfully concluded this transaction will have a material effect on the price of the company’s
Abridged audited results for the year ended 31 December 2020 The Directors of Dairibord Holdings Limited hereby announce the Group’s Abridged Audited Financial Results for the year ended 31 December 2020.
Further to the cautionary published in the press on 1 July 2020 and subsequent updates, shareholders are advised that Dairibord Holdings Limited is still in discussion with an unlisted entity (Dendairy (Pvt) Ltd), for a merger and acquisition transaction. If successfully concluded this transaction will have a material effect on the price of the company’s