Companies

Companies

Sweet Production, Sour Sales: Impact of ZiG, Policy Slippages Hippo Valley’s Q1

Hippo Valley, Zimbabwe's largest sugar heavyweight , has reported a satisfactory first quarter ended 30 June 2024, despite facing a perfect storm of challenges. While the company saw a 6% increase in

Aug 19, 2024
Companies
No Paperwork, No Fuss: O'MARI Brings Affordable Digital Home Insurance

O'MARI, the fintech subsidiary of Old Mutual Zimbabwe, has launched O'mari HomeCare, a groundbreaking digital-first home insurance product designed to make essential coverage more accessible and affor

 Aug 16, 2024
Companies
From Crisis to Opportunity: ART Holdings Prioritises Debt Reduction

ART Holdings Limited has announced a renewed focus on debt reduction as it navigates a challenging economic environment marked by persistent inflation, currency instability, and crippling electricity

 Aug 16, 2024
Companies
OK’s Tricky Q1: More Volume, Customers Dip, Profit Shrink?

OK Zimbabwe, a leading retail group in the country, has reported a mixed bag of results for the first quarter to FY25 ended 30 June 2024 with high volumes but less profit. OK Zimbabwe sold significan

 Aug 16, 2024
Companies
Macadamia Boom Mitigates Tanganda’s Tea Dip

anganda Tea Company, a leading producer in Zimbabwe, has reported mixed results for the third quarter of its financial year, with a strong performance in macadamia production offsetting a decline in t

 Aug 16, 2024
Companies
Nampak to Leverage on Cost Cutting After a Subpar Quarter

n a challenging economic landscape marked by volatile exchange rates, power outages, and ongoing liquidity constraints, Nampak Zimbabwe, a leading packaging firm says it will leverage on cost containm

 Aug 15, 2024
Companies
Caledonia Delivers Record Q2 Gold Production, Earnings More Than Doubles

aledonia Mining Corporation, the second-largest gold producer, has reported a record gold output of 20,773 ounces (648 kg) during the second quarter ended June 30, 2024. This has taken the company's

 Aug 14, 2024
Willdale Grapples with Depressed Q3 Performance Amid Load-Shedding, Fierce Competition

Leading bricks manufacturer, Willdale Limited Zimbabwe, has posted a depressed Q3 performance for the third quarter ended 30 June 2024, owing to intensive load-shedding and low working capital. The c

Aug 14, 2024
Seed Co Starts FY25 Bullish Amid Improved Rainfall Prospects

Seed Co Limited, Zimbabwe's largest seed company, has started the 2025 fiscal year on a positive note, reporting increased sales volumes, revenue, and operating profit in its first quarter. This enco

Aug 06, 2024
Caledonia Slashes Diesel Usage by 62%, Boosts Sustainability Efforts in 2023

aledonia Mining Corporation has made significant strides in promoting environmental, social, and governance (ESG) practices and corporate governance in 2023 by having slashed diesel usage by 62% as pa

Aug 02, 2024
Mash Holdings Appoints Kudakwashe Musundire as CEO, Appoints new CFO

Mashonaland Holdings Limited, a leading prominent property investment and development company has appointed  Kudakwashe Musundire as the company's new Chief Executive Officer, effective August 1, 2024

Aug 02, 2024

CFI Grapples with Informal Rivalry, Drought-Induced Challenges

CFI Holdings has faced significant challenges in its operations, citing high competition from unregistered informal market players and the impact of drought conditions in the six months to 31 March 20

Jul 31, 2024

Ariston's Sweet Pot: Tea Soars, Macadamia Powers Earnings in Q3

Ariston Holdings Limited, a prominent agricultural company, has reported a significant surge in tea production during its latest third quarter trading update for the period ended June 30, 2024. The c

Jul 30, 2024

Shumba Energy Advances Key Energy Projects in Botswana Amidst SADC Region's Power Needs

In its latest quarterly market update for the period ended 30 June 2024, Shumba Energy Ltd., an energy development company based in Botswana, has provided an in-depth look into its ongoing projects an

Jul 29, 2024

Sugar Tax, Drought Weighs Heavily on Delta's Performance

Delta Corporation, a leading beverages manufacturer with over 80% market share, has seen its performance heavily affected by the sugar tax introduced by Finance and Economic Development Minister Mthul

Jul 29, 2024

Turnall Holdings Announces Resignation of Managing Director

Turnall Holdings Limited has announced the resignation of John Mkushi from his position as Managing Director, effective August 1, 2024. Mkushi had previously served as the Managing Director and then

Jul 25, 2024

Tanganda Sustains Profitability Despite Depressed HY Performance

Tanganda Tea Company, the leading diversified tea enterprise listed on the Zimbabwe Stock Exchange, has demonstrated remarkable resilience in navigating the challenges of the 1HY ended 31 March 2024.

Jul 19, 2024

Varun Beverages Expands into Snacks: Targets $177 Million Zimbabwean Market

run Beverages, the second-largest PepsiCo franchise bottler globally, is venturing into the snacks business after a successful performance in the beverages segment. The company, founded in 1995 and h

Jul 16, 2024

Econet Scales Up Network Quality Amid Industry Flux

Econet Wireless Zimbabwe, the largest telecoms operator in the country, has made significant strides in enhancing its service provision during the first quarter ended 31 May 2024. The company has com

Jul 16, 2024