Interest rates have been drastically reduced from 130% to 20% by the Central Bank, RBZ, as stated in the latest Monetary Policy Statement released on April 5, 2024. This decision comes after the cent

Caledonia Mining Corporation, the second-largest gold producer, has revised its production guidance for 2024 and full-year 2025 due to lower-than-expected gold production in the fourth quarter and ful

imbabwe took a bold step on April 5th, 2024, by introducing a new currency called ZiG, which stands for Zimbabwe Gold. In a similar manner to the previous Bond Notes issued by John Panonetsa Mangudya,

FBC Holdings, a prominent blue-chip company listed on the Zimbabwe Stock Exchange (ZSE), has reported a total income of ZWL1.3 trillion, representing a substantial 138% increase from ZWL533 billion in

Harare- Masimba Holdings Limited, a construction firm, has decided to postpone the publication of its financial results for the fiscal year 2023. The delay is attributed to the company's transition fr

indura Nickel Corporation (BNC), a VFEX-listed miner, is expecting a substantial loss in the second half of 2024 following a significant loss of US$18.4 million in the previous fiscal year. This proje

ively leveraged internally generated foreign currency to address its foreign obligations, streamline internal operations, and reduce its gearing ratio. Despite the persistently unreliable foreign curr

Harare- Axia Limited, a diversified retail enterprise listed on the Victoria Falls Stock Exchange, experiences a 4% decline in revenues for the half year to full year 2024. However, the company succes

National Foods Harare- National Foods Zimbabwe Limited, a subsidiary of Innscor Africa, has incurred a significant cost of US$25.7 million during the six months leading up to December 31, 2023, acco

South Africa's annual inflation rate climbed to 5.6% in February 2024, rising from 5.3% in January, according to the latest statistics released by Statistics South Africa. This exceeded market expecta

Harare- Caledonia Mining Corporation, the second-largest gold producer listed on the Victoria Falls Stock Exchange, has announced a significant executive board appointment according to its latest circ

Amplats Harare- Zimbabwe has achieved a remarkable milestone in its platinum production, with quarterly output reaching an unprecedented high of 133,000 ounces (koz), representing an estimated 8% yea

Sibanye Stillwater Reported Massive Loss of 37.4 Billion Rands, Wiping Out Previous Profits Commodity Price Decline Affected Operations The Company Faces Restructuring and Project Cutbacks Amid Econom

Truworths Limited, a clothing retailer facing significant survival challenges, experienced a 33% decline in traded volumes for the fiscal year ended 9 July 2023. However, it is important to note that

Simbisa Brands, a well-known quick-service restaurant group, has expanded its footprint across the region by acquiring the Eswatini business which was previously a franchisee and further franchised it

The question which keeps on banging in investors’ ears and the rest of shareholders is when will BNC revert to its previous years of production triumph. The production loss endured by the company list

Dr. Panonetsa John Mangudya, the current Central Bank governor, is set to step down from his position in April 2024, marking the end of his 10-year tenure. Taking his place will be John Mushayavanhu,

Bindura Nickel Corporation (BNC), a nickel miner listed on the Victoria Falls Stock Exchange, is currently facing significant challenges and a pessimistic outlook after remaining in a loss position fo

Seed Co International, a well-known seed producer, has recently been listed on both the Victoria Falls Stock Exchange and the Botswana Stock Exchange. In a positive development, the company has manage

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