Search results for 'sugar industry'
Zimbabwe
Starafrica Corporation Faces Uphill Battle Amid Challenging Business Environment

Starafrica Corporation, a prominent participant in the sugar industry, has recently disclosed its performance, which mirrors the multitude of hurdles it encountered during the period ended September 3

Feb 06, 2024
Zimbabwe
A Sweet Spot: Zimbabwe's Sugar Sector Eyes Global Markets

"Post forecasts that sugar cane production will increase by 1% to 3.5 million metric tons (MT) in marketing year 2023/24, while sugar production is expected to rise by 3% to 410,000 MT," the report st

May 14, 2024
Companies
CAFCA Appoints New CEO, Starafrica Adds Executive Board Member

The Zimbabwe Stock Exchange-listed cables manufacturer, CAFCA, has appointed Vimbai Nyakudya, a qualified Chartered Accountant, as its new Chief Executive Officer, effective June 3, 2024. According t

May 30, 2024
Companies
Production Woes Plague Zimbabwe Sugar Giant, Recovery Inevitable

Hippo Valley Estates Limited, a prominent player in Zimbabwe's sugar industry, has reported a sluggish financial performance for the fiscal year under review. The company, a subsidiary of Tongaat Hule

Jul 04, 2024
Companies
Sweet Production, Sour Sales: Impact of ZiG, Policy Slippages Hippo Valley’s Q1

Hippo Valley, Zimbabwe's largest sugar heavyweight , has reported a satisfactory first quarter ended 30 June 2024, despite facing a perfect storm of challenges. While the company saw a 6% increase in

Aug 19, 2024

Top Stories

Zimbabwe Introduces $5k Penalty for Telecoms with Subpar Network Quality

The government has implemented stringent penalties for network service providers, imposing fines of up to US$5,000 for poor-quality services. The country boasts a competitive telecommunications indus

13 hours ago

Revitus REIT Sees Recovery in Short Term: Turnaround Story for New Entrants

Revitus Limited is expecting a recovery in occupancy and yield ratios specifically starting FY25 as the REIT’s refurbishment of Chester House (Harare) is at an advanced stage with final technical appr

16 hours ago

CBZ Holdings’ Half-Year Profit Nearly Halves

CBZ Holdings experienced a significant contraction in net profitability during the half-year ended June 30, 2024, as total revenue income and tax liabilities escalated substantially. The group's prof

Sep 06, 2024

NTS Shifts Focus to Personal Selling After Closing Four Retail Outlets

In a strategic move to adapt to market challenges, National Tyre Service (NTS) has shifted its focus to personal selling following the closure of four retail outlets at the beginning of the financial

Sep 06, 2024

ZiG Starts September on Lower Note

Zimbabwe Gold (ZiG) has opened the first week of September on a lower note, trading at 13.8603, down from 13.8546 on August 30, 2024. Further declines have been observed, with the rate weakening to Z

Sep 05, 2024

Forum on China-Africa Cooperation: Zim Seals Historic Avocado Exports Deal with China

Zimbabwe has signed a historic trade deal that paves the way for its avocados to be exported to the Chinese market for the first time during the Forum on China-Africa Cooperation (FOCAC) in Beijing.

Sep 05, 2024

Capitalizing on Recovery: ASUN Sells Underperforming Hotels for $6.9 Million to TD Hotels & Leisure

Zimbabwe’s largest hotel group, African Sun Limited (ASUN) is disposing two of its hotels: the Great Zimbabwe Hotel, located in Masvingo, and the Beitbridge Express Hotel, situated in Beitbridge accor

Sep 04, 2024

ZiG’s Recovery Path: RBZ Implements Additional Measures to Sanitise Foreign Exchange Transactions

The Reserve Bank of Zimbabwe has passed extra measures to sanitize the exchange control directives through enhancing transparency and efficiency in foreign exchange transactions to support Zimbabwe Go

Sep 04, 2024