Companies

Zimbabwe

Caledonia posts record gold production, upbeat on outlook

Mining outfit, Caledonia Mining Corporation Private Limited has posted a record gold production of 21,120 ounces during the third quarter ended 30 September 2022 signalling an 11.4% uptick from 18,965

Nov 14, 2022
Companies
ZimRe Holdings Limited Posts stellar Q3 performance

ZimRE Holdings has published its 3rd quarter trading update with stellar financial performance for the trading period under review. The group’s income has increased by 193% in inflation-adjusted terms

 Nov 14, 2022
Companies
Fidelity reports blockbuster results: As overall performance more than doubles

Financial services giant, Fidelity Life Assurance of Zimbabwe has recorded a solid financial performance during the nine months ended 30 September 2022, in an economic environment that was both tumulu

 Nov 14, 2022
Companies
BNC reports loss, cites equipment deficiency

Nickel miner BNC has issued a profit warning advising investors that profit for the half year will be significantly lower compared to the prior year. The miner said profit for the half year period to

 Nov 14, 2022
Zimbabwe
Innscor’s robust performance despite monetary loss shooting over 23 000%

Diversified food processor, listed on the Zimbabwe Stock Exchange (ZSE), Innscor Africa Limited  has recorded a robust performance during the full year ended 30 June 2022 despite incurring a massive m

 Nov 13, 2022
Zimbabwe
Policy Fragility: Nat-Foods calls for consumer alleviating policies

Largest food processor listed on the Zimbabwe Stock Exchange (ZSE) , National Foods Limited Zimbabwe says although policies passed by the government during the year have managed to curtail inflationar

 Nov 13, 2022
Zimbabwe
RTG banks on e-commerce as it inks key developmental projects

Zimbabwe Stock Exchange (ZSE) listed hospitality group, Rainbow Tourism (RTG) says it will bank the future business operations online to realise growth. The group which suffered a profit decline of 61

 Nov 11, 2022
‘Stable environment’ tunes Nat Foods’ focus to product enhancement, business models optimisation in FY2021

Harare - Diversified agro-industrial concern, National Foods Holdings Limited has commended the more stable environment for allowing them to increase focus on enhancing their product portfolio and opt

Nov 11, 2022
Value not yet added: raw minerals dominate Zim exports

Value addition and beneficiation of minerals ended as a dead rubber in 2021 as raw minerals continued to define the country’s exports. Raw minerals led the exports for December 2021 according to the l

Nov 11, 2022
Steward Bank’s PAT soars 158%

Harare - Zimbabwe’s largest bank by depositors, Steward Bank recorded a 158% surge in profit after tax to ZWL255 million during the half year ended 31 August 2021 from ZWL211 million recorded during t

Nov 11, 2022
Dairibord invests US$3.5m to ramp up ice-cream, cartonised beverages production

Harare – Listed milk processor, Dairibord Holdings has invested US$3.5 million to boost the production of ice-cream, improving production portfolio mix and margin performance going forward, the Group

Nov 11, 2022

Russia-Ukraine war knocks hard on Zimbabwe fuel prices

Harare - Zimbabwe Energy Regulatory Authority (ZERA) has reviewed fuel prices upwards barely a week after another fuel price hike as global oil prices continue to soar in the wake of Russia-Ukraine wa

Nov 11, 2022

MashHoldings declares dividend of ZWL$1.29 cents per share

Harare- ZSE listed property company Mash Holdings said the Board of directors has declared an interim dividend of 1.299 cents per share payable on about ZWL1.9 billion ordinary shares in issue as of t

Nov 11, 2022

Simbisa to open 73 new stores as revenue surges

Harare – Diversified retail group, Simbisa Brands says is working on opening 73 new stores in the remaining nine months of the financial year to end June 2022 as it continues to grow the group’s footp

Nov 11, 2022

Trio Zim companies signs MOU to boost tobacco productivity

Harare - Given the economic challenges facing the Zimbabwean economy due to negative effects of COVID-19 and foreign currency shortages, sore regulator and marketer of tobacco, Tobacco Industries Mark

Nov 11, 2022

Border Timbers crowns FY’21 in sustained losses

Harare - Having posted a poor performance in half year and nine months period for the full year 2021, timber grower and miller, Boarder Timbers Limited continued on a downward trend to crown the year

Nov 11, 2022

New dates for Tanganda’s ZSE listing out

Harare - Listed diversified group, Meikles Limited has reviewed that it expects to list Tanganda Tea Company separately on the Zimbabwe Stock Exchange (ZSE) between the first and third of February th

Nov 11, 2022

RTG to capitalise on e-commerce as it inks key developmental projects

Zimbabwe Stock Exchange (ZSE) listed hospitality group, Rainbow Tourism Group (RTG) says it will continue to capitalise business operations online to realise growth amid huge setbacks from the COVID-

Nov 11, 2022

Innscor persists a colourful run as hedge seeking continues to drive stocks demand on ZSE

Harare - The diversified foods manufacturer, Innscor Africa continued an upward trend last week Friday to close the session with straight 12 gains on adding 18.17% to settle at $179.7207 as ZSE closed

Nov 11, 2022