The local unit continues to lose ground against the US dollar despite government talking a rhetoric of stability. The cumulative year to date (YTD) losses  have breached the 20% mark after shedding by

Mimosa mine’s parent company, a multinational mining and metals processing Group, Sibanye Stillwater has slashed its full-year 2022’s profit guidance due to industrial action, floods that stalled prod

Sugar producer, Star Africa Corporation has reviewed that the refinery at Goldstar Sugars resumed operations on Sunday 19th of January 2023 in a circular posted by the Group today.  In a circular dat

Ailing power utility, ESKOM has recommenced Stage 6 load-shedding from Stage 4 as power supply by the state-run parastatal remains clouded, Eskom’s Chief Executive Officer (CEO), Andre Oberholzer reve

Diversified ZSE-listed outfit, Meikles Limited Zimbabwe remains optimistic about future growth prospects after displaying commendable revenue growth and hospitality performance for the third quarter e

ZSE-listed manufacturer and marketer of packaging products, Nampak Zimbabwe Limited has experienced a rolling 12-hour load-shedding at Megapak while CMB had no electricity supply since 18 December 202

Under-fired currency, the Zimbabwe dollar has widened year-to-date losses by 18% since the Foreign Exchange Auction Market commenced ON THE 10th of January 2023. On the latest Auction Market held on t

Embattled war-ton North-eastern African country, South Sudan has banned the use of the American dollar (USD) and directed all transactions to be carried in local currency to bolster the South Sudanese

Zambia Electricity Supply Corporation Limited says the 12-hour load-shedding has ended and the nation is set to resume normal electricity supply. This was revealed by ZESCO’s Managing Director, Victor

As 2023 global growth prospects remain anaemic and the risk of recession in other large economies continues looming due to trade wars between the world's largest economies, USA and China, and geo-poli

ZSE-listed outfit, Lafarge Cement Zimbabwe, trading as Khayah Cement will delay the publication of the full-year results for the 12 months ended 31 December 2022 to give external auditors more time.

Vfex-listed mining outfit, Caledonia Mining Corporation says its latest investment in a 12-megawatt solar project is already paying off as it is producing more than anticipated electricity. This is se

Zimbabwe’s record bank policy rates, then 200% and now 150% have stunned the sales volumes for OK Zimbabwe during the third quarter ended 31 December 2022 according to the Group’s latest trading updat

Zimbabwe Stock Exchange (ZSE)-listed outfit, ART Holdings recorded mixed performance during the first quarter to FY2023 with depressed volumes due to deficiency in raw materials uptake despite an incr

Zimbabwe’s largest distributor and retailer of new tyres and tubes for the automotive industry, National Tyre Services has reported reduced sales volumes in retreading and new tyres for the third quar

The Underfired Zimbabwe dollar has shed by 93% on the Foreign Exchange Auction Market since it commenced in June 2020. The Zimbabwe dollar traded at ZWL831.8147 on the latest auction market held on th

As drought spells and erratic rainfall seasons continue to haunt Zimbabwe which heavily relies on natural rains for agriculture than irrigation systems, the Zimbabwe Stock Exchange (ZSE)-listed agro-c

Zimbabwe’s interest rates have been slashed to 150% from a global record of 200% according to the latest Monetary Policy Statement released by the Central Bank. This translates to a 50 percentage poin

Amid a polarised political and economic environment which is coupled with an expensive tax regime, fast depreciating currency and scarce US dollar liquidity, the business community has been lamenting

As rolling power cuts in Zimbabwe fail to find a breather and electricity tariffs have spilled over 40% in United States dollars, Platinum Group Metals miner, Zimplats Holdings Limited says its power