Investors on the Zimbabwe Stock Exchange (ZSE) lost a cumulative $1 billion in the week to Wednesday as stocks traded mixed amid uncertainties brought about by the Covid-19 pandemic.
World over, investors have incurred huge losses following the outbreak of the Covid-19 pandemic which has caused severe disturbances to economic activity.
The World Bank already sees the sub-Saharan Africa region’s economic growth fall sharply from 2,4 percent in 2019 to between -2,1 percent and -5,1 percent in 2020.
Agriculture is also expected to significantly contract due to disturbances caused by the pandemic and driving the region into severe hunger and poverty.
Agriculture production is seen contracting by between 2,6 percent in an optimistic scenario and up to 7 percent if there are trade blockages. Agriculture is one of the key drivers for the region, as well as tourism sector, which has already suffered due to travel restrictions, with hospitality groups in Zimbabwe closing their facilities.
During the week under review, total market value retreated 1,47 percent to $60 billion compared to $61 billion recorded in the previous week dragged by losses in the market’s big cap counters.
The primary indicator, the ZSE All Share Index, gained a marginal 1,13 percent to close at 468,94 points while the ZSE Top 10 Index put on 1,74 percent to 390,27 points.
At 405,34 points, the ZSE Top 15 Index was 1,27 percent above prior week while the Small Cap paced the fastest with a 4,39 percent increase to 1 297 points.
The Medium Cap was down 0,24 percent to 658,88 points but has recorded the highest year to date gains of 128 percent.
Headlining risers for the week, food processor, Dairibord put on 42 percent to 86,01 cents followed by Powerspeed that jumped 25 percent to 26,5 cents.
The duo of Dawn and Edgars rose 20 percent each to 7,92 cents and 30 cents respectively. Art wrapped up the top five risers with a 17 percent increase to 48,2 cents.
Other significant gains were recorded in CBZ which jumped 13 percent to $1,80 while telecoms giant, Econet put on 7 percent to $3,02.
Mash Holdings and Old Mutual each put on 5 percent to 18 cents and $38,64 in that order while brick making firm Willdale put on 4 percent to 4,03 cents.
On the downside, diversified hospitality group Meikles eased 11 percent to $7,07 from the previous week’s $8. Resources group Bindura lost 10 percent of value to 30 cents while Medtech was down 8 percent to 3,66 cents.
Cigarette manufacturer BAT was 6,98 percent below prior week to close pegged at $80, remaining the most expensive stock on the bourse.
Axia wrapped up the week’s biggest fallers with a 6,49 percent decline to $1,93.
Other significant losses were recorded in TSL that gave up 3 percent to $1,18 while PPC and Seed Co International lost 1 percent each to $3,65 and $4,50 in that order.
Diversified industrial giant Innscor lost a marginal 0,68 percent to $7,25 while biggest company by market capitalisation, Delta, eased 0,03 percent to $6,12.
Info News
Car Accident Lawyer: What To Do After A Serious Crash
A serious car accident can change your life in seconds. You may be dealing with pain, hospital bills, car repairs, missed work, and pressure from insurance companies. During this stressful time, knowing what steps to take can protect your health, your money, and your legal rights.
One of the first things you should do after a serious crash is get medical attention. Even if you feel fine, some injuries do not show up immediately. Neck injuries, back injuries, internal injuries, and concussions can become worse hours or days later. Medical records are also important because they help connect your injuries to the accident.
After getting medical help, you should report the accident and collect as much evidence as possible. Photos of the vehicles, the road, injuries, traffic signs, and weather conditions can help support your claim. If there are witnesses, their contact information may also be useful.
A car accident lawyer can help you deal with the insurance company. Insurance adjusters may sound friendly, but their job is often to reduce the amount paid on your claim. They may ask for recorded statements, offer a quick settlement, or question the seriousness of your injuries.
Before accepting any settlement, you should know the full value of your damages. A car accident claim may include medical bills, lost wages, future treatment, pain and suffering, property damage, and reduced earning ability. If you accept too early, you may not be able to ask for more money later.
The right attorney can investigate the crash, review police reports, speak with witnesses, calculate your damages, and negotiate for fair compensation. If the insurance company refuses to offer a fair settlement, your lawyer may file a lawsuit.
A serious crash is not just about fixing your vehicle. It is about protecting your future. If you were hurt because another driver was careless, distracted, speeding, drunk, or reckless, speaking with a car accident lawyer can help you understand your options.
Workers Compensation Lawyer for Denied Claims
If you are injured at work, workers compensation may cover medical care and part of your lost wages. However, many claims are denied or delayed. A workers compensation lawyer can help injured workers fight for benefits.
Insurance companies may deny claims by arguing the injury did not happen at work, the worker filed late, or the medical evidence is not strong enough. A lawyer can review the denial and help file an appeal.
What Benefits May Cover
Workers compensation benefits may include doctor visits, surgery, therapy, medication, disability payments, and wage replacement. In serious cases, benefits may also include long-term disability or vocational rehabilitation.
Why Claims Are Denied
Claims may be denied because of missing paperwork, employer disputes, lack of medical records, or disagreement over whether the injury is work-related. A workplace injury lawyer can gather evidence and represent you in hearings.
Conclusion
If your workers compensation claim was denied, you may still have options. A lawyer can help appeal the decision and protect your rights.
