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

Hospitality concern, Rainbow Tourism Group (RTG) is eyeing a strategic acquisition to expand its business and enhance shareholder value. In a cautionary statement, the Group said the acquisition inv

Dairibord Zimbabwe Limited, the largest milk processor listed on the Zimbabwe Stock Exchange, has made a bullish outlook based on recent investments that are expected to boost production and enhance p

The Zimbabwe dollar has appreciated to ZWL5395.9619 on the latest auction market held on the 4th of July 2023, notching up 17% gain from ZWL6326.5877 traded last week per dollar. This is the biggest

Agricultural concern outfit, Seed Co International Limited, a leading certified seed company involved in the breeding, multiplication, and distribution of mainly hybrid seed varieties, recorded a sign

New tyres retailer and distributor, National Tyre Service (NTS) has missed the deadline to publish its audited financial results for the twelve months ended March 31, 2023, due to challenges related t

ZSE-listed tea agro concern, Tanganda Tea Company has posted a net profit growth of ZWL1.4 billion from ZWL1.1 billion for the half-year ended 31 March 2023 despite incurring a huge volume decline acr

Khaya Cement, formerly Lafarge Cement Zimbabwe, has incurred a significant after-tax loss of ZWL17 billion for the full year ended 31 December 2022.  The reduced profitability was attributed to depre

Bricks maker, listed on the Zimbabwe Stock Exchange (ZSE) Willdale Limited Zimbabwe has posted a net monetary loss of ZWL 562.78 million during the half-year ended 31 March 2023 as currency conundrum

The Zimbabwe Stock Exchange (ZSE)- listed sugar maker, Star Africa Corporation has delayed the publication of full-year results for the 12 months to March 2023 according to a circular released by the

The largest retail outlet in Zimbabwe, OK Zimbabwe Limited, has delayed the publication of its financial statements for the fiscal year ended 31 March 2023 due to the implementation of a new Enterpris

Local Sugar producer, Hippo Valley Estates has experienced a drop in local sales following the government's suspension of duty on sugar imports according to the Company’s financial results for the ful

The Zimbabwean Dollar (ZWL) experienced a significant appreciation of 9% on the Reserve Bank of Zimbabwe (RBZ)-governed Foreign Exchange Auction Market, marking its first notable gain since the reintr

Zimbabwe’s year-on-year inflation jumped to 175.8% in June, up from 86.5% in May, a record 89.3 percentage points rise while month on month soared to 74.5% from 15.7% last month according to the lates

The Zimbabwe Stock Exchange (ZSE) has revised its minimum transaction thresholds for ZSE Direct due to the persistent currency depreciation in the country. The latest depreciation recorded was a doubl

The Zimbabwean government has implemented measures to address the country's ongoing financial crisis, which has resulted in the failure of the Zimbabwean dollar to serve as a reliable store of value a

Seef Developments is contemplating the establishment of a Real Estate Investment Trust (REIT), setting its sights on the prospective Zimbabwean Tourism and Hospitality market, with plans to secure US$

The South African Currency weakened to 18.4 against the greenback on the 22nd of June 2023, down from a one-month high of 18.2 despite a respite from inflationary pressures and a weaker dollar.  The

Plastics products manufacturer and distributor, Proplastics Limited has recorded a surge in US dollar-denominated revenue of 70%, compared to 30% in Zimbabwe dollar terms as the economy continues to s

The Zimbabwe Stock Exchange (ZSE)- listed diversified outfit, Amalgamated Regional Trading Holdings is considering listing on the United States dollar-denominated bourse, Victoria Falls Stock Exchange