By attaining REIT status, REIZ will be able to access a wider pool of potential investors, including institutional funds, pension funds, foreign, and individual investors seeking exposure to real esta

The potential ban on Russian aluminium by the LME brings to the fore the impact of geopolitical tensions on the global metal market, with smaller producers in Africa likely to feel the brunt of any de

Tongaat was recently at the centre of a storm involving accounts manipulation and gross mismanagement by the management, which dearly costed the company. Over the recent past, the Rudland brothers hav

According to the report, Group sales for the first four and a half months of FY24 increased by 4.8%, with South Africa sales growth for this period at 4.4% (0.9% like-for-like).

The project is now expected to commence production in the first half of 2028, a year later than previously planned. Capital costs have also increased by 25% to $683 million.

The concrete foundation pouring is progressing well, with earthworks nearing completion. The pilot mining has commenced, and operational tests will soon begin. Long-lead items manufacturing is progres

The report highlights the company's strong balance sheet, with cash on hand increasing by US$36.8 million to US$242.6 million, resulting in a net cash position of US$141.5 million, which will support

In the trading update, Accelerate said it now expects its distribution per share for the year ending 31 March 2023 to be more than 15% lower than the previous year's distribution. The company cited th

Choppies Enterprises, the Botswana retail giant, has announced the acquisition of a 76% stake in Kamoso Africa for P2 a share of the issued ordinary shares of Kamoso Group plus taking over shareholder

The REIT achieved an average rental reversion rate of 4.17% during the first quarter, up from 3.69% in the 2023 financial year. Its average annual rental escalation remained at 7.40%. Spear said tradi

Tongaat Hulett, the embattled South African sugar producer under business rescue, announced this week that it had secured an extension of its post-commencement finance facility from its funders until

Engen Botswana, the leading petrochemical investment and property operation company in Botswana, has announced its financial results for the year ending 31 December 2022. The company recorded an impr

Airtel Zambia, a subsidiary of Airtel Africa plc, reported a strong rise in quarterly profit on Wednesday, boosted by Zambia’s improving economy after the country reached a debt relief deal with bilat

Zambeef Products, Zambia’s largest agro-industrial firm, reported mixed results for the half year ended March 2023 as a result of difficult operating environment characterised by currency volatility a

Mopani, ZCCM’s flagship copper mining operations, incurred a loss of ZMW5.08 billion in 2022 compared to ZMW 1.46 billion in 2021. Mopani’s smelter shutdown for 45 days hampered its copper production,

The Zambian unit of Pan African group Liquid Intelligent Technologies has reported a sharp growth in revenue for the financial year 2023. The subsidiary reported a double-digit growth of 18% in total

s previously guided, the group expects its credit loss ratio for the year to remain below its stated through-the-cycle range, given its targeted origination approach. The group's capital and liquidity

Standard Bank Group's banking activities recorded revenue growth in excess of 20% higher than the same period in the previous year, driven by higher-than-expected average interest rates and good balan

The average room rate has also rebounded, with high single digit percentage increases against the equivalent 2019 rates. The May year to date average room rate for 2023 is 12% higher than the prior co

According to the update, PPC Zimbabwe's sales volumes declined by 16% compared to the same period last year due to planned kiln maintenance shutdowns in the first half of the financial year and freque