Markets

Zimbabwe

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
Zimbabwe
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
Zimbabwe
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
Zimbabwe
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
Zimbabwe
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
Zimbabwe
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
World
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

De Beers' Cycle 8 Rough Diamond Sales Reflect Industry Rebalancing and Increased Marketing Investment

De Beers, a subsidiary of global mining company Anglo American, has reported a provisional figure of $200 million for the rough diamond sales value in its eighth sales cycle of 2023. This figure repre

Oct 06, 2023

Turnstar Holdings Limited Reports Strong Growth in Rental Revenues for H1 2023

Turnstar Holdings Limited's trading statement for the half-year period ended July 31, 2023, reveals a significant increase in rental revenues and operational profitability. Despite challenges, the com

Oct 06, 2023

Cresta Marakanelo Reports 10% Revenue Growth and Profitability in H1 2023

The leisure segment played a significant role in driving revenue growth, with hotels in popular tourist destinations contributing to the higher ADR. As a result, the group's revenue per available room

Oct 05, 2023

Unleashing Zimbabwe's Platinum Potential A Promising Frontier in the Global Market

Unleashing Zimbabwe's Platinum Potential A Promising Frontier in the Global MarketHarare - Zimbabwe's platinum producers are poised to reap significant benefits from the surging global demand for the

Oct 03, 2023

Corporate Action Summary

Simbisa Brands Limited announced that due to various factors that include the change in the Group’s functional currency for the Zimbabwe operations from ZWL to USD, e­ffective 01 July 2022, there has

Oct 02, 2023

Corporate Action Summary

The Board of Directors of Mashonaland Holdings Limited declared an interim dividend of USL128 414, amounting to 0.00761 US cents per share, and ZW$258 980 496, amounting to ZWL0.1535 per share in resp

Sep 25, 2023

Corporate Action Summary

Pursuant to ten previous statements, CBZ Holdings Limited issued a further Cautionary Statement on the 5th of September, 2023, advising all shareholders and the investing public that the Company is st

Sep 18, 2023

Tongaat creditors vote in favour of extension of rescue plan update

Tongaat Hulett’s Botswana, Mozambique and Zimbabwe sugar operations are not financially distressed and therefore continue trading in the ordinary course. These three businesses are funded independentl

Sep 13, 2023