The diversified mining corporate, a parent company to Mimosa mine in Zimbabwe Sibanye Stillwater’s 2023 PGMS production in Montana will halt for four weeks after the western mine succumbed to a machin
Mar 20, 2023
Harare-Oil prices are set to experience their steepest weekly decline of the year, with West Texas Intermediate (WTI) futures climbing only slightly above US$69 a barrel on Friday. The market disrupti
Diversified mining company, Sibanye Stillwater recorded its first profit downturn post-COVID-19 pandemic era during the full year to December 2022 mainly due to industrial action over better remunera
Africa is home to 30% of the world’s mineral reserves and holds 40% of the world’s gold and at least 90% of its chromium and platinum. It also has the largest reserves of cobalt, platinum, uranium and
The banking sector has come under scrutiny globally, with the listed biggest banks in the world recording a bloodbath from the prior week to date. However, the banking stocks on the Zimbabwe Stock Exc
China the world’s second-largest economy recorded one of its worst years in nearly half a century in 2022 due to strict Covid-19-induced lockdowns and subsequent widespread infections in most Chinese
The market has been relatively flat (0.33% gain) during the past week; however, the Energy sector has seen a significant drop of 5.4%. in the 4-week period there has been gain of 2.62%, and an overall
Multichoice, which last week announced a major deal with NBC Universal and Sky relating to its streaming business, Showmax, has painted a gloomy outlook for the 2023 financial year
Silicon Valley Bank (SVB) is the latest victim of the tight global monetary environment that has persisted since 2022. The bank was ranked as the 16th biggest bank in the U.S. at the end of 2022, with
Mosi Oa Tunya Cigars is the country's first homegrown brand of hand-rolled cigars. To develop a foothold in the upscale cigar market, Bongani Cigars, another recent entry from the region, will have to
The Tobacco Industry and Marketing Board (TIMB) has issued an order to merchants to deduct any money owed by farmers from two years ago, following the opening of the floor with an estimated 8.5% incre
The Competition and Tariff Commission (CTC) reported an impressive 24 merger deals worth a total of US$1 billion in 2022, directly attributing the figure to the government's policies that encouraged a
The Russian government has donated 20,000 tons of fertilizer to Malawi as part of its efforts to garner diplomatic support from various African nations. Malawi voted to censure Russia at the United N
HARARE- Over the past 7 days, the market has seen a 1.3% increase, driven by an impressive 5.8% gain in the financial sector, largely contributed by Standard Chartered Bank of Zambia and Zambian Natio
Tunisian President Kais Saied 's crackdown on sub-Saharan African undocumented immigrants, which coincided with arrests of senior opposition figures, was aimed at distracting Tunisia's economic crisis
Diversified mining outfit, Sibanye Stillwater, a parent company to Mimosa Mine in Zimbabwe has reported narrowed earnings for the full-year ended 31 December 2022 amid a confluence of calamities durin
Horticulture incentives were suspended as part of the measures included in the 2023 monetary policy, and this act will further impair the momentum the horticulture sector had accumulated over the prev
Last week Zimbabwe held a follow-up structured dialogue meeting on its arrears clearance and debt resolution process. Key takeaways were the feedback by AFDB President, who was appointed last year as
Voters from Africa’s most populous country and biggest economy, Nigeria cast their votes on the 25th of February 2023 to elect lawmakers (parliamentarians) and Head of State (President), in a tight ra
