he budget proposed by Professor Mthuli Ncube, the Minister of Finance and Economic Development, for the year 2024 amounts to ZWL58.2 trillion. However, what has caught the attention of the business co

ioZim's gold production for the cumulative nine months leading up to the full year of 2023 has surged to 724 kilograms, surpassing the previous year's performance. This nine-month achievement follows

The South African rand reached its lowest point since late October, trading at 18.9 against the greenback. This sustained downward trend is attributed primarily to ongoing power outages, which are imp

Gold, a safe haven asset, experienced a 3.1% surge to reach US$2,100 in the early hours today. However, it later relinquished a significant portion of those gains, though it still reached new record h

eikles Limited, a prominent diversified retailer in Zimbabwe with interests in both the retail and hospitality sectors, experienced a significant decline in profitability during the half-year period e

Gold prices have concluded the month of November 2023 above the notable threshold of US$2040 per ounce, buoyed by the geoeconomic fragmentation and the Federal Reserve's easing of interest rates. Sin

RioZim's gold production for the cumulative nine months leading up to the full year of 2023 has surged to 724 kilograms, surpassing the previous year's performance. This nine-month achievement follow

Invictus Energy Limited made an announcement on November 20, 2023, revealing the presence of hydrocarbon reservoirs, including natural gas and oil, at their secondary drilling site, Mukuyu 2. However,

After experiencing a significant loss of US$1.8 million in the first half of 2023, African Sun, the leading hotel group listed on the Victoria Falls Stock Exchange, has shown improvement in its perfor

Zimplow, a company listed on the Victoria Falls Stock Exchange (VFEX), is making significant progress towards acquiring the equity ownership of Barzem, a company currently under the ownership of Barlo

The beleaguered Zimbabwe dollar, has widened year to date deterioration rate by 87% from 86% last year against the United States dollar. In recent trading on Tuesday’s RBZ governed auction market, the

Air Zimbabwe, the struggling national carrier, has appointed Edmund Makona as its new Chief Executive Officer (CEO). With 38 years of industry experience, Makona brings a wealth of expertise to the r

The Zimbabwe Dollar remained relatively stable in the latest auction market held on Tuesday, with minimal changes in its value. The exchange rate shifted from ZWL5738.7217 on November 7th to ZWL5755.7

The diversified VFEX listed company, Padenga Holdings Limited, has achieved a gold output of over 1,500 kilograms during the cumulative nine months leading up to September 2023. This surpasses the out

Turnall Holdings Limited, a tiles manufacturer, reported a 7% decline in sales volumes for the third quarter ending on September 30, 2023. The sales volumes decreased from 9,132 tonnes to 8,526 tonnes

Dairibord Holdings Limited, a milk processor listed on the Zimbabwe Stock Exchange (ZSE), has reported that 93% of its sales for the quarter ended 30 September 2023 were denominated in US Dollars. Cum

Delta Corporation, the dominating force in the beverage industry, has achieved a remarkable milestone by surpassing the historic ZWL1 trillion revenue mark during the half year to full year 2024. Thi

EcoCash Holdings Zimbabwe, has announced its return to profitability for the half-year ended 31 August 2023, marking the first half-year profit since 2019. This is also the first time the Group’s reve

n the upcoming week, the world eagerly anticipates the release of crucial economic data and key events from major economies, including the United States, China, Eurozone, Canada, Japan, and the United

In October 2023, Sibanye-Stillwater, a multinational mining company, implemented a restructuring process aimed at reducing costs, which could potentially lead to the loss of over 4,000 jobs and the cl