HARARE – Local companies are restructuring operations to remain viable in line with the prevailing macro-economic climate.

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The 2014 audited financial results being released by Zimbabwe Stock Exchange (ZSE) listed firms reflect commitment by companies to continue operating in Zimbabwe despite subdued earnings.

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However, the financial results show that companies are shelving the payment of dividends to shareholders and streamlining non-core business units to preserve cash for future expansion.

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An economic analyst, Mr Bernard Kasekete says companies should focus on workable survival policies.

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“It’s too early to know more but it is our hope that firms are putting in place sound but effective mechanisms,” said Mr Kasekete.

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There is also need for local corporates to court strategic partners, according to economic analyst Mrs Letina Undenge.

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“Joint ventures are also key to the survival of these companies and that is if they are pursued vigorously,” said Mrs Undenge.

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The ZSE plans to make it compulsory for listed companies to publish quarterly financials for the benefit of investors.