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

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