The South African rand has taken a hit, depreciating by 2% week on week to trade at 18.8 against the US dollar. The country's power deficits have been the main driver behind the currency's poor perfo

The Russian ruble has hit its lowest mark in 15 months on the 10th of July 2023 at 90.6 against the US dollar, trading well below averages prior to Russia's invasion of Ukraine, due to political uncer

China’s factory-gate prices recorded their fastest fall in seven and half years in June while consumer inflation was at its slowest since 2021. The producer price index marked its steepest decline sin

Border Timbers Limited has received a Zimbabwean forestry company, has received an offer from Cicada Plantations Zimbabwe (CPZ), an agricultural entity, to acquire 100% of the issued share capital of

Choppies Enterprises, the Botswana retail giant, has announced the acquisition of a 76% stake in Kamoso Africa for P2 a share of the issued ordinary shares of Kamoso Group plus taking over shareholder

China's trade surplus for June decreased due to a decline in both imports and exports, which indicates a shift in the balance of trade. This shift has significant implications for China's economy and

The concrete foundation pouring is progressing well, with earthworks nearing completion. The pilot mining has commenced, and operational tests will soon begin. Long-lead items manufacturing is progres

According to the report, Group sales for the first four and a half months of FY24 increased by 4.8%, with South Africa sales growth for this period at 4.4% (0.9% like-for-like).

Econet Wireless Zimbabwe Limited, the largest telecommunications company in Zimbabwe by market capitalisation, is currently implementing a virtualized core network as part of its digital transformatio

African Distillers (AFDIS), a prominent manufacturer of wine and spirits, experienced a 13% downturn in wine volumes during the quarter ended 30 June 2023, with spirits registering a meagre uptick of

A cohort of European Union (EU) Election Observers arrived in Zimbabwe to oversee the much-anticipated elections scheduled for the 234rd of August this year. This will be the second election under the

Apple shipped 12.3 million iPads in the quarter, though that was a 14% decline, the company still commands nearly 40% of the global tablet market. Samsung came in second with 6 million tablet shipment

After an extended period of approximately 15 months, during which the Republic of Zimbabwe assumed a shrouded veil of neutrality which the global community might now say deceptive in response to Russi

PPC, a leading company in the cement and materials industry, has announced the successful completion of an equity transaction that aims to benefit qualifying employees working for its subsidiaries in

Nampak Zimbabwe Limited, a distinguished entity listed on the Zimbabwe Stock Exchange (ZSE), has maintained profitability in the 9 months to June 2023 despite facing power and supply constraints chal

Russia's budget deficit widened by a significant margin in the first seven months of 2023, reaching a record-breaking RUB 2.817 trillion. This marked a substantial swing from the surplus of RUB 557 bi

Willdale Limited, a brick maker in Zimbabwe, has reported robust revenue growth of 83% to ZWL 20 billion during the nine months leading up to June 2023, despite the challenges posed by exchange rate d

Gold prices started the week on a downward trend remaining below the US$1900 per ounce mark and approaching their lowest levels in the past five months as investors brace themselves for the annual gat

Harare - In a landmark ministerial-level meeting, South Africa and Namibia, both esteemed members of the Southern Africa Development Community (SADC), embarked on a collaborative exploration of energy

Border Timbers Limited, a prominent company in the timber industry, announced that their Extraordinary General Meeting (EGM) held on 18th August 2023 had been adjourned. The adjournment was necessary