Zimbabwe

Zimbabwe

Corporate Action Summary

The Board of Directors at African Sun Limited issued a notice to stakeholders on the retirement of Dr. E.A. Fundira as Chairman and Non-Executive Board member, effective 29 June 2023, having completed

Jul 17, 2023
Zimbabwe
Tharisa's Strong Q3 Production Report Boosts Balance Sheet

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

 Jul 13, 2023
Zimbabwe
Zim Dollar’s Sustained Recovery Raise Questions

The Zimbabwe dollar has sustained a recovery trend, firming to ZWL4998.8352 in the latest auction market held on July 11, 2023, with an 8% week-to-date increase. This marks one of the strongest perfor

 Jul 12, 2023
Zimbabwe
Corporate Action Summary

Padenga issued a Cautionary Statement on the 7th of July, 2023, further to the statement issued on the 16th of June, advising stakeholders that the company is still in negotiations on the re-organizat

 Jul 10, 2023
Zimbabwe
Zimbabwe, a Thriving Market for Ponzi Schemes

In a turn of events, which was rather inevitable and more a déjà vu, investors of the infamous E-Creator were awaken earlier this week from a deep sleep. This followed the bringing to light of the “bu

 Jul 07, 2023
Zimbabwe
Zimplow's Strategic Repositioning: ZSE-Delisting Date Announced

Zimplow Holdings Limited has announced that it will be delisting from the Zimbabwe Stock Exchange (ZSE) on July 12, 2023, followed by its listing on the US Dollar-denominated Victoria Falls Stock Exch

 Jul 07, 2023
Zimbabwe
Tongaat Hulett gets lifeline to keep operating

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

 Jul 05, 2023
Zimbabwean Dollar sustains recovery

The Zimbabwe dollar has appreciated to ZWL5395.9619 on the latest auction market held on the 4th of July 2023, notching up 17% gain from ZWL6326.5877 traded last week per dollar. This is the biggest

Jul 05, 2023
Zimbabwe's 2022 GDP Growth Exceeds Expectations, Driven by Agriculture and Mining

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jul 04, 2023
Corporate Action Summary

Caledonia Mining Corporation PLC announced that on the 23rd of June, 2023, BlackRock Inc crossed a threshold of notification with an interest in excess of 3% of Caledonia’s issued share capital. The U

Jul 03, 2023
Hippo Valley Estates Limited granted 99-year leases for land in Zimbabwe's Lowveld

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jun 30, 2023

ZSE-Listed Companies' Reporting Delays: Is It Economic Madness or Technical Deficiency

The Zimbabwe Stock Exchange (ZSE)- listed sugar maker, Star Africa Corporation has delayed the publication of full-year results for the 12 months to March 2023 according to a circular released by the

Jun 30, 2023

OK Zimbabwe Modernizes Operations with ERP Implementation

The largest retail outlet in Zimbabwe, OK Zimbabwe Limited, has delayed the publication of its financial statements for the fiscal year ended 31 March 2023 due to the implementation of a new Enterpris

Jun 29, 2023

Walking a Tight Rope: Imports Duty Impasse Dents Hippo Valley

Local Sugar producer, Hippo Valley Estates has experienced a drop in local sales following the government's suspension of duty on sugar imports according to the Company’s financial results for the ful

Jun 29, 2023

Zimbabwean Dollar Surges Significantly for the First Time Boosting Prospects for Currency Stability

The Zimbabwean Dollar (ZWL) experienced a significant appreciation of 9% on the Reserve Bank of Zimbabwe (RBZ)-governed Foreign Exchange Auction Market, marking its first notable gain since the reintr

Jun 28, 2023

Zim Braces Another Hyperinflationary Period as Gvt Continues Beating a Dead Horse

Zimbabwe’s year-on-year inflation jumped to 175.8% in June, up from 86.5% in May, a record 89.3 percentage points rise while month on month soared to 74.5% from 15.7% last month according to the lates

Jun 27, 2023

Namibia :Recovery Ignites Economy but Rates Threaten Gains

Windhoek - Namibia’s economy expanded by 5% in the first quarter of 2023 compared to the same period last year, showing signs of recovery after two years of recession brought on by COVID-19. The finan

Jun 27, 2023

Persistent Currency Volatility Triggers ZSE to Review Charges by 900%

The Zimbabwe Stock Exchange (ZSE) has revised its minimum transaction thresholds for ZSE Direct due to the persistent currency depreciation in the country. The latest depreciation recorded was a doubl

Jun 26, 2023

Corporate Action Summary

CBZ Holdings Limited announced that it will hold the 31st Annual General Meeting (AGM) of its shareholders on Friday, the 21st of July, 2023, at 1600 hours via the virtual platform, https://polling.ft

Jun 26, 2023