Companies

Companies

Econet Expands Technological Capabilities, Splashes US$66 MN on Network Upgrades

As part of its nationwide expansion within the telecoms industry, the largest telecommunications Group, Econet Wireless Zimbabwe Limited has added twelve 5G base stations during the year. Econet launc

Jun 05, 2023
Zimbabwe
Nedbank in Solid Start to 2023

Nedbank warned that risks to its full-year outlook are rising from South Africa’s weakening economy, where growth has been hit by power cuts, weak global demand, and rising rates.

 Jun 02, 2023
Zimbabwe
Riding the Hyperinflationary Storm: First Mutual Delivers Solid Q1’FY23 Performance

In the face of persistent macroeconomic instability and hyperinflation in Zimbabwe, First Mutual Holdings Limited was able to navigate treacherous waters to deliver a robust set of results for the qua

 May 30, 2023
Zimbabwe
Understanding the Risks: An Overview of the South African Market for Investors and Businesses

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

 May 30, 2023
Zimbabwe
Patchwork Power Solution Provides Fragile Respite as Hwange Unit 7 Joins National Grid

Zimbabwe’s Hwange Power Station Unit 7 has been officially integrated into the national power grid, adding 300MW of electricity generation capacity. This milestone comes after the power plant successf

 May 29, 2023
Zimbabwe
Corporate Action Summary

Edgars Stores Limited announced that the 74th Annual General Meeting of members will be held at 08:30 hours on Thursday, the 15th of June, 2023, at the Edgars Training Auditorium, 1st Floor LAPF House

 May 29, 2023
Zimbabwe
Colcom Expands Piggery Operations with New Feed Mill Investment

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

 May 26, 2023
Minergy Secures Funding for Resumption of Mining Operations in Botswana

The funding will be used to repay the overdue balances to Jarcon Opencast Mining Botswana (Pty) Ltd, which will enable Minergy to continue operations in a reduced sales environment.

May 24, 2023
RioZim Struggles to Find Gold Production Efficacy Since Q3’2021

Gold and Diamond mining firm, listed on the Zimbabwe Stock (ZSE) RioZim Limited has posted another decline in gold production during the first quarter ended 31 March 2023 owing to headwinds both at ma

May 24, 2023
Truworths Introduces US Dollar Credit Sales as Government Remains Hawkish

Listed clothing retailer, Truworths Zimbabwe Limited has introduced United States Dollar (US Dollar) credit sales effective the 1st of April 2023 to offset losses through inflationary pressures and re

May 23, 2023
Axia Stays Resilient Despite Turbulent Quarter

Axia Corporation released their trading update for the third quarter ended March 2023, demonstrating satisfactory performance despite facing significant exchange rate volatility and economic distortio

May 22, 2023

Simbisa Weathers Economic Storm, Delivers Solid Growth

Simbisa Brands released their trading update for the third quarter ended 31 March 2023, demonstrating the group’s resilience in the face of significant economic headwinds. The fast-food giant reported

May 22, 2023

Zimpapers Confronts Challenges but Maintains a Positive Outlook for the Future

In conclusion, Zimpapers' first quarter trading update paints a challenging picture for the media group, but the company remains optimistic about the future. The management's commitment to improving t

May 22, 2023

Border Timbers Set to Install New Sawmilling Equipment, Amid Production Slump

Zimbabwe Stock Exchange (ZSE) - listed timber grower, Border Timbers is set to commission new sawmilling equipment by in June 2023 to ramp up production and replace the old-ageing machines. The deve

May 22, 2023

Corporate Action Summary

On the 18th of May, 2023, Caledonia Mining Corporation Plc entered into an "At the Market" or "ATM" sales agreement with Cantor Fitzgerald & Co in which Caledonia may, at its discretion from time to t

May 22, 2023

Hwange Colliery Company Ramps Production in Q1

Extractor and distributor of coal and coal related products, Hwange Colliery Company Limited has recorded a 92.7% increase in coal mined during the three months to 31 March 2023 buoyed by a strong dem

May 22, 2023

“Continued Zimbabwe Dollar Use, Our Biggest Threat”

The Zimbabwe Stock Exchange (ZSE)- listed microfinance outfit, GetBucks Microfinance Bank Limited says the embattled Zimbabwe dollar remains the biggest challenge affecting business viability througho

May 19, 2023

Addressing Rising Prices in Zimbabwe: A Multi-Faceted Approach

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

May 19, 2023

RTG’s Earnings More than Doubles in Q1

Hospitality Group, Rainbow Tourism Group Limited has reported an increase in revenue both in US dollar denominated terms and Zimbabwe dollar terms for the first three months to March 31 2023 while hot

May 19, 2023