Market report: Low uptake for ISO certification by companies

A majority of Zimbabwean firms’ products and systems are not certified to national or global quality standards, with only 140 out of a possible 5 000 having taken certification standards, according to the Standards Association of Zimbabwe. Failure by local firms to certify to minimum national and international quality standards might partly be the reason they have struggled to match competition on global markets due to inferiority of products or processes.

INDUSTRIALS

The Industrial Index gained 0.33 points (0,16 percent) to close at 210.61 points ahead of the Heroes and Defence Forces holidays. CFI continued in the upward trend adding $0,0293 to close at $0,6100, Zimplow put on $0,0090 to $0,0539 while SeedCo was up by $0,0086 to end at $1,4886. NMB Holding moved up $0,0082 to trade at $0,0496 while Dairiboard was $0,0050 stronger at $0,0750.

Econet was the only counter in the negative losing $0,0029 to close at $0,4200.

Week on week Industrial index improved by 3.52 points (1.70 percent).

MININGS

The Mining index shed 0.07 points (0.09 percent) to settle at 74.04 points after Bindura inched down $0.0001 to end at $0.0299. Falgold, Hwange and RioZim remained unchanged at previous trading levels at $0.0120, $0.0260 and $0.6025 respectively.

Week on week Mining index added 0.12 points (0.16 percent).