Zimbabwe

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Generative AI (ChatGPT) : How it will Establish its Industrial Value for Zimbabwean Businesses.

ChatGPT, a small step for generative AI, is still in the very early stage of verifying its industrial value. In the first issue of the Axis this year in the article Farewell Crypto, Hello generative A

Feb 27, 2023
Zimbabwe
“Surprise”: Lance Mambondiani Set to Step Down as BancABC MD

According to credible sources, Dr Lance Mambondiani is set to step down as BancABC Managing Director (MB) after being at the helm of the Zimbabwe unit since July 2019. His departure has, however, rais

 Feb 24, 2023
Zimbabwe
CFI Holdings Achieves Impressive Q1 Performance Despite Fertilizer Revenue Dip

CFI Holdings is a business conglomerate that has navigated challenging macroeconomic conditions to deliver impressive results for Q1 ending 31 Dec 2022. The group operates in three divisions - Poultry

 Feb 24, 2023
Zimbabwe
Elections Update: Delimitation Report Faces 'Double' Criticism

Following the gazetting of the final delimitation report on the 20th of February 2023, President Mnangagwa revealed that he will soon announce the date of the elections for the 2023 harmonised electio

 Feb 23, 2023
World
SA Treasury Makes Strides to Address Electricity Crisis

The South African National Treasury's recent projection of an increase in economic growth has sparked optimism among the country's economists. This is a good sign for Zimbabwe because South Africa is

 Feb 23, 2023
Zimbabwe
Zimbabwean Manufacturing Sector Propels Exports to New Heights with 5.5% Uptick

Manufacturers in Zimbabwe are reportedly stepping in to relieve the trade deficit that has been accumulating for almost a decade, according to a State of Industry report. Despite a decline in product

 Feb 23, 2023
Zimbabwe
2008 Reminiscence: Zim Dollar’s Cumulative YTD Losses Surpass 20% Mark

The local unit continues to lose ground against the US dollar despite government talking a rhetoric of stability. The cumulative year to date (YTD) losses  have breached the 20% mark after shedding by

 Feb 23, 2023
Commodities Perspective Corner: The Food View-- What you need know!

Declining global prices for wheat pose a challenge to Zimbabwe’s mission to self-sustain. While the country achieved sufficient tonnage to cover its own needs in 2022, the general cost levels per tonn

Feb 22, 2023
Short-term Profit-taking: A spreading infection on the ZSE?

Capital markets in Zimbabwe are ranked among the most volatile in the world owing to underlying weak economic fundamentals which affect sentiment and investor appetite. Volatile markets are known to y

Feb 22, 2023
Ariston Holdings Limited seeks greater export value

Zimbabwe Stock Exchange-listed company Ariston Holdings Limited (ARIS.zw) has seen mixed performance across its business units. Its main product categories are tea and macadamia nuts. The third busine

Feb 21, 2023
Embattled ESKOM’s resumed Stage 6 loadshedding risks GDP’s growth efficacy

Ailing power utility, ESKOM has recommenced Stage 6 load-shedding from Stage 4 as power supply by the state-run parastatal remains clouded, Eskom’s Chief Executive Officer (CEO), Andre Oberholzer reve

Feb 20, 2023

CORPORATE ACTION SUMMARY

VFEX LISTING (INNSCOR); AGM NOTICES (NAMPAK & BORDER TIMBERS) & TRADING UPDATES (HIPPO; STARAFRICA & MEIKLES). Innscor Africa Limited held an Extraordinary General Meeting on the 15th of February, 20

Feb 20, 2023

Star Africa’s Goldstar operates on deficit on account of failing power system

ZSE-listed sugar maker, Star Africa Corporation’s Goldstar Sugars has incurred nosediving performance for the 3rd quarter ended 31 December 2022 due to recurrent power outages and supply challenges.

Feb 16, 2023

Bindura Nickel Corporation Volumes slump

The Company suffers a slump in volume performance following a major breakdown that was experienced on a Sub-vertical Rock Winder (“SVR”) at the Trojan Nickel Mine. The SVR is used to hoist material (o

Feb 16, 2023

Zimbabwe dollar’s Y-T-D losses widen by 18%

Under-fired currency, the Zimbabwe dollar has widened year-to-date losses by 18% since the Foreign Exchange Auction Market commenced ON THE 10th of January 2023. On the latest Auction Market held on t

Feb 15, 2023

BOOM or BUST: Industry doubtful about 2023 growth prospects

As 2023 global growth prospects remain anaemic and the risk of recession in other large economies continues looming due to trade wars between the world's largest economies, USA and China, and geo-poli

Feb 14, 2023

ART Corp’s Recessionary Prospects

In this article, we will analyse the current performance of Amalgamated Regional Trading Limited (“the company, or “ART Corp”) as the base performance at which It will enter the looming recession. The

Feb 13, 2023

Tigere Reit becomes a real tiger property wing in the industry

The real-estate sector in Zimbabwe seemed to have failed to find ground despite a wave of possible recovery in late 2021. The sector was heavily hit by the Covid-19 pandemic in 2020 to early 2021 as o

Feb 13, 2023

Lafarge delays FY results publication

ZSE-listed outfit, Lafarge Cement Zimbabwe, trading as Khayah Cement will delay the publication of the full-year results for the 12 months ended 31 December 2022 to give external auditors more time.

Feb 13, 2023