Markets

Zimbabwe

CAFCA Volumes Up, Leverages on Currency Market

CAFCA Limited achieved a 3% growth in conductor tonnes sold from 559 tonnes in the corresponding period last year to 573 tonnes in the first quarter of its 2024 financial year, according to a Trading

Feb 09, 2024
Zimbabwe
VFEX to Gain a Clothing Retailer as Edgars Contemplates Migration

Zimbabwe Stock Exchange (ZSE) listed clothing retailer, Edgars Stores Limited, announced through its new secretary that it is considering migrating to Victoria Falls Stock Exchange (VFEX), pending app

 Feb 08, 2024
Zimbabwe
Zimbabwe's Inflation Surges to 6.6% in January 2024, Consumer Prices Continue to Rise

Zimbabwe's Consumer Price Index (CPI) soared to 120.67 in January 2024, representing a month-on-month inflation rate of 6.6%. This indicates a significant increase from the December 2023 rate of 4.7%.

 Jan 29, 2024
Zimbabwe
Corporate Action Summary

Ariston announced that it will be holding its 77th Annual General Meeting (AGM) in the Centenary Room, Royal Harare Golf Club, 5th Street Extension, Harare, Zimbabwe, on the 22nd of February, 2024, at

 Jan 29, 2024
Zimbabwe
Fizzing Festive Sales: Delta Sets New Records, But Sugar Tax Casts Bitter Shadow

Harare - Delta Corporation experienced unprecedented sales of soft drinks and beer during the Christmas season, setting new records. However, the company is concerned about the potential impact of a "

 Jan 25, 2024
Zimbabwe
Corporate Action Summary

The Board of Directors of PPC approved the introduction of an Executive Committee (EXCO) for its South African business, meant to improve profitability and operational efficiencies. The new roles incl

 Jan 22, 2024
World
Battling the Abyss: Ariston Holdings Limited Records a Whopping ZWL$33 billion Loss

Harare - Ariston Holdings Limited faced a formidable challenge as its loss position widened to a staggering ZWL$33 billion in the full year that ended on September 30, 2023, compared to a loss of ZWL$

 Jan 10, 2024
Amalgamated Regional Trading Holdings Reports Decreased Profits in FY 2023, Faces Audit Concerns

Amalgamated Regional Trading Holdings Limited (ART), a leading trading and manufacturing company based in Zimbabwe, has released its financial results for the fiscal year ended September 30, 2023. The

Jan 04, 2024
Navigating the Wild Side: Unveiling Zimbabwe's Corporate Landscape, Willdale’s 2023 FY Results, and the Path to Prosperity

Despite the obstacles encountered, Willdale experienced a remarkable surge in its inflation-adjusted revenue in 2023. The company's revenue reached a staggering ZWL 37 billion, a whopping 106% increas

Jan 03, 2024
Corporate Action Summary

PPC Limited announced the appointment of Mr. Matias Cardarelli as Chief Executive Officer of the Group. He formally took over from Roland van Wijnen from 01 December 2023.

Dec 04, 2023
Corporate Action Summary

NMBZ Holdings Limited announced the retirement of Mr. Benedict Chikwanha from the Board with effect from 31 December, 2023, after having served ten years on the board, nine of which he served as Board

Nov 20, 2023

Corporate Action Summary

OK Zimbabwe Limited held its 22nd Annual General Meeting on the 2nd of November, 2023, where all the raised resolutions were passed. These notably include the confirmation of the payment of a final di

Nov 13, 2023

Corporate Action Summary

Caledonia Mining Corporation announced that has changed its Nominated Adviser and Joint Broker from Cavendish Securities plc to Cavendish Capital Markets Limited. This follows the completion of the al

Nov 06, 2023

Corporate Action Summary

Simbisa Brands Limited announced that it will hold an Annual General Meeting (AGM) for stakeholders at 08:15 Hours on the 17th of November, 2023, at the Standards Association of Zimbabwe, Northend Clo

Oct 30, 2023

State of the Zimbabwean Banking Sector : The Chase to Zero

During the first half of 2023, the banking sector experienced notable changes in various key indicators. One such indicator was the aggregate total loans, which saw a significant increase of 9.76% in

Oct 23, 2023

Corporate Action Summary

The Board of Directors of ZB Financial Holdings Limited announced the appointment of Luxon Zembe as Chairman of ZB Financial Holdings Limited Board with effect from 1 August 2023. Luxon is a prominent

Oct 23, 2023

Corporate Action Summary

The Board of Directors of Zimre Holdings Limited (ZHL) announced the appointment of Messrs Richard Morgan and Nicholas Mugwagwa Vingirai to the Board effective 28 July 2023. This follows their electio

Oct 16, 2023

Corporate Action Summary

The board of directors of Caledonia Mining Corporation Plc declared a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares with a record date of 13 October, 2023. The

Oct 09, 2023

Breaking Point MetBank's Troubles Deepen as Interest Income and Non-Interest Revenue Drop

MetBank incurred a net interest expense of ZWL 3.8 billion The bank recorded an operating loss of ZWL 51 billion  MetBank's profitability was primarily driven by a fair value gain on investment prop

Oct 07, 2023