Companies

Companies

Proplastics CEO, Kudakwashe Chigiya Resigns, Paschal Changunda Appointed Acting Leader

Plastics and plastic products manufacturer, Proplastics Limited, has announced the resignation of its Chief Executive Officer (CEO),  Kudakwashe Leo Chigiya, effective 19 February 2025. The Board of

Mar 03, 2025
Companies
TSL Exits Non-Core Ventures , Expands into New Opportunities

TSL Limited , a diversified holding company with interests in tobacco auctioning, printing and packaging, agricultural inputs, storage and distribution, and services has embarked on a significant rest

 Mar 03, 2025
Zimbabwe
Meikles Slides into Loss: Can the Retail Titan Recover?

Zimbabwe’s second largest retailer, Meikles Limited with stores trading as TM Pick n Pay in both US dollar terms and local currency terms as the sector continues facing unsatiable competition from the

 Feb 28, 2025
Companies
Tax Tactics: Simbisa Brands Reveals Strategy to Minimize Fast-Food Tax Hit

Simbisa Brands Limited, a leading fast-food outlet listed on the Victoria Falls Stock Exchange, is set to enhance supply chain efficiencies and negotiating with suppliers on raw material prices as par

 Feb 28, 2025
Companies
Zimplats’s Production Plummets ,but Firm Prices Boost Profitability

Zimbabwe's largest corporate entity, Zimbabwe Platinum (Zimplats), a subsidiary of Impala Platinum, has reported a 15% decrease in 6E (platinum group metals) production, amounting to 279,890 ounces fo

 Feb 27, 2025
Companies
Beating the Odds, Then Booted: Does OK Zimbabwe’s CEO Firing Defy Logic?

Zimbabwe’s retail giant, OK Zimbabwe, has thrust itself into the spotlight with a sweeping executive overhaul, axing its seniour management team and reinstalling veterans who once steered the company

 Feb 27, 2025
Companies
CAFCA Achieves 23% Volume Growth in Q1 FY 2025, Exports Plunge by 39%

Cables supplier and manufacturer, CAFCA Limited, has reported a robust 23% year-on-year growth in overall volumes for the first quarter of the 2025 financial year, according to its latest trading upda

 Feb 20, 2025
ART Holdings Reports Depressed Q1 Performance with Volumes, Revenue Declining: Explores Opportunities in Hygiene Segment

ART Holdings has reported a challenging first quarter for the three months ended December 31, 2024, with both sales volumes and revenue experiencing significant declines. Sales volumes decreased by 13

Feb 18, 2025
OK Zimbabwe's Sales Plummet 36%   Due to Restocking Constraints, Shut Stores

OK Zim The largest retail outlet in Zimbabwe, OK Zimbabwe Limited, has reported a 36% decline in volumes for the third quarter ended 31 December 2024 while revenue also decreased by 36% compared to th

Feb 17, 2025
Power Failures , Supply Chain Weigh on NamPak Q1 25

NamPak Zimbabwe Limited, a leading packaging firm listed on the Zimbabwe Stock Exchange (ZSE) has experienced a challenging first quarter ,October to December 2024 with only one of its operating units

Feb 14, 2025
Tanganda Q1 25 Production Crumbles

Tanganda Tea , a diversified company listed on the Zimbabwe Stock Exchange (ZSE), has faced significant challenges in its production across key categories in the first quarter ended 31 December 2024,

Feb 13, 2025

Hippo Valley's Sugar Production Jumps 19% 440 000 Tonnes

Hippo Valley, Zimbabwe's largest sugar heavyweight, has reported a 19% increase in sugar production for the third quarter (Q3) ended 31 December, reaching 439 542 tonnes. This growth was fueled by a

Feb 13, 2025

Old Mutual ,DHL Join Forces to Foster Entrepreneurial Ecosystem in Zimbabwe

Old Mutual Zimbabwe, a leading financial services group through its Old Mutual Zimbabwe’s Eight2Five Innovation Hub has joined forces with DHL GoTrade to bolster small and medium-sized enterprises (SM

Feb 11, 2025

Zimplats Mining Volumes Decline 7% Amid Power Outages and Machinery Issues

Zimbabwe's largest corporate entity, Zimbabwe Platinum (Zimplats), has recorded a 7%  decline in mined volumes in the half year to full year 2025 from 1 915 000 tonnes in 2023 according to the group’s

Feb 06, 2025

Simbisa Brands Appoints David Mudzengi as New Group Finance Officer

Simbisa Brands has strategically appointed David Mudzengi as the Group Finance Officer, effective 1 February 2025. With over 17 years of robust experience in executive leadership, he succeeds Baldwin

Feb 04, 2025

Painful Pruning: CBZ Slashes Workforce to Stay Afloat, Leave Hundreds Jobless

CBZ Holdings, Zimbabwe's leading financial institution by deposit base and asset portfolio, has initiated a workforce optimisation strategy, resulting in the retrenchment of 347 employees. This decis

Feb 03, 2025

Unlocking Zim's Property Potential: Mash Holdings’ Vision for Affordable Housing Solutions

Mash Holdings, a premier property investment and development firm specializing in comprehensive real estate solutions across commercial, residential, and industrial sectors, has identified three criti

Feb 03, 2025

Seed Co Sees 45% Surge in Sales Volume to $26.9M

Largest seed house in the country, Seed Co  has recorded a 45% increase in sales volume to US$26.9 million for the third quarter to full year 2025 ended 31 December 2024 from 18.5 million in the same

Feb 03, 2025

El Niño, Power Failures Weigh on NamPak: Only Plastics Unit Bucks the Trend in 2024

NamPak Zimbabwe Limited experienced a challenging fiscal year in 2024, with only one of its operating units recording sales growth amidst a difficult economic and operational environment. The company

Jan 30, 2025