South Africa
Steadfast Safety and Surging Refinement: Anglo American Platinum's Resilience in a Volatile PGM Market
The fourth quarter of 2023 was a turbulent one for the platinum group metals (pgm) market, as geopolitical tensions and supply disruptions affected the prices and availability of these precious metals
Feb 08, 2024
Zimbabwe
Starafrica Corporation Faces Uphill Battle Amid Challenging Business Environment
Starafrica Corporation, a prominent participant in the sugar industry, has recently disclosed its performance, which mirrors the multitude of hurdles it encountered during the period ended September 3
Feb 06, 2024
Zimbabwe
TSL Limited's FY 2023 Performance Reflects Resilience Amid Challenging Economic Environment
TSL Limited operates in key sectors such as agriculture, mining, energy, pharmaceuticals, and trade, playing a crucial role in the movement and exchange of commodities. The company's diversified portf
Jan 31, 2024
Zimbabwe
Impala Platinum Holdings Shines Amidst Challenges, Reports Strong Production Growth in H1 FY2024
Impala Platinum Holdings reported a gross Group 6E production increase of 18% to 1.90 million 6E ounces compared to the same period last year. This growth was primarily driven by improved production f
Jan 31, 2024
Zimbabwe
Zimbabwe's Inflation Surges to 6.6% in January 2024, Consumer Prices Continue to Rise
Zimbabwe's Consumer Price Index (CPI) soared to 120.67 in January 2024, representing a month-on-month inflation rate of 6.6%. This indicates a significant increase from the December 2023 rate of 4.7%.
Jan 29, 2024
Zimbabwe
Zimbabwe's Ariston Holdings Weathers Challenges, Reports Growth in Tea and Macadamia Sales
The trading update highlighted the unfavorable climate conditions in the first quarter, with below-average rainfall and extremely hot weather impacting agricultural operations. However, the weather im
Jan 29, 2024
South Africa
Truworths International Reports 8.2% Increase in Retail Sales Amid Economic Challenges
Truworths International Limited (TRU.J) on Monday reported an 8.2% growth in retail sales for the 26-week period ended 31 December 2023. The South African-based fashion retailer revealed that its reta
Jan 29, 2024
Zimbabwe
Amalgamated Regional Trading Holdings Reports Decreased Profits in FY 2023, Faces Audit Concerns
Amalgamated Regional Trading Holdings Limited (ART), a leading trading and manufacturing company based in Zimbabwe, has released its financial results for the fiscal year ended September 30, 2023. The
Jan 04, 2024
Zimbabwe
Navigating the Wild Side: Unveiling Zimbabwe's Corporate Landscape, Willdale’s 2023 FY Results, and the Path to Prosperity
Despite the obstacles encountered, Willdale experienced a remarkable surge in its inflation-adjusted revenue in 2023. The company's revenue reached a staggering ZWL 37 billion, a whopping 106% increas
Jan 03, 2024
Mining
China's Metal Pricing Influence: Implications for African Miners and Governments in a Changing Landscape
The London Metal Exchange (LME) plans to introduce new metals contracts based on prices from the Shanghai Futures Exchange (SHFE), according to Reuters. This collaborative effort if it consummates cou
Dec 19, 2023
Botswana
Tlou Energy Secures A$3 Million Loan Agreement: Bolstering Expansion Plans in Botswana
lou Energy Limited, a leading energy company focused on developing natural gas resources in Botswana, has successfully secured an additional A$3 million loan agreement. The loan, provided by entities
Nov 07, 2023
Zambia
ZCCM Investments Holdings PLC Progresses in Negotiations with Vedanta: A Game-Changer for Zambia's Mining Industry
ZCCM Investments Holdings PLC (ZCCM-IH) has taken a significant step forward in negotiations with Vedanta Resources Limited, potentially reshaping the future of Konkola Copper Mines (KCM). The recent
Nov 07, 2023
Companies
Turnstar Holdings Reports Strong Half-Year Financial Results with Increased Rental Revenues
Turnstar Holdings Limited, a diversified group with subsidiaries in Botswana, Tanzania, and the UAE, has announced its unaudited group financial results for the six-month period ending July 31, 2023.
Nov 01, 2023