Zimbabwe

Zimbabwe

Starafrica Corporation Faces Uphill Battle Amid Challenging Business Environment

Starafrica Corporation, a prominent participant in the sugar industry, has recently disclosed its performance, which mirrors the multitude of hurdles it encountered during the period ended September 3

Feb 06, 2024
Zimbabwe
Khayah Cement Limited Faces Challenges Amidst Positive Volume Growth

Khayah Cement formerly Lafarge Cement Zimbabwe Limited, reported a significant increase in cement volumes, with a 117% surge for the six-month period ended 30 June 2023 compared to the same period las

 Feb 06, 2024
Zimbabwe
TSL Limited's FY 2023 Performance Reflects Resilience Amid Challenging Economic Environment

TSL Limited operates in key sectors such as agriculture, mining, energy, pharmaceuticals, and trade, playing a crucial role in the movement and exchange of commodities. The company's diversified portf

 Jan 31, 2024
Zimbabwe
Impala Platinum Holdings Shines Amidst Challenges, Reports Strong Production Growth in H1 FY2024

Impala Platinum Holdings reported a gross Group 6E production increase of 18% to 1.90 million 6E ounces compared to the same period last year. This growth was primarily driven by improved production f

 Jan 31, 2024
Zimbabwe
Zimbabwe's Inflation Surges to 6.6% in January 2024, Consumer Prices Continue to Rise

Zimbabwe's Consumer Price Index (CPI) soared to 120.67 in January 2024, representing a month-on-month inflation rate of 6.6%. This indicates a significant increase from the December 2023 rate of 4.7%.

 Jan 29, 2024
Zimbabwe
Zimbabwe's Ariston Holdings Weathers Challenges, Reports Growth in Tea and Macadamia Sales

The trading update highlighted the unfavorable climate conditions in the first quarter, with below-average rainfall and extremely hot weather impacting agricultural operations. However, the weather im

 Jan 29, 2024
Zimbabwe
Corporate Action Summary

Ariston announced that it will be holding its 77th Annual General Meeting (AGM) in the Centenary Room, Royal Harare Golf Club, 5th Street Extension, Harare, Zimbabwe, on the 22nd of February, 2024, at

 Jan 29, 2024
Fizzing Festive Sales: Delta Sets New Records, But Sugar Tax Casts Bitter Shadow

Harare - Delta Corporation experienced unprecedented sales of soft drinks and beer during the Christmas season, setting new records. However, the company is concerned about the potential impact of a "

Jan 25, 2024
Corporate Action Summary

The Board of Directors of PPC approved the introduction of an Executive Committee (EXCO) for its South African business, meant to improve profitability and operational efficiencies. The new roles incl

Jan 22, 2024
Nampak's Growth Prospects in 2024: Analyzing the Key Factors at Play

Nampak Zimbabwe, the packaging firm, displayed impressive financial growth as its revenue surged by a remarkable 46% to ZW$573.78 billion for the full year ending on September 30, 2023. This substanti

Jan 09, 2024
Amalgamated Regional Trading Holdings Reports Decreased Profits in FY 2023, Faces Audit Concerns

Amalgamated Regional Trading Holdings Limited (ART), a leading trading and manufacturing company based in Zimbabwe, has released its financial results for the fiscal year ended September 30, 2023. The

Jan 04, 2024

Navigating the Wild Side: Unveiling Zimbabwe's Corporate Landscape, Willdale’s 2023 FY Results, and the Path to Prosperity

Despite the obstacles encountered, Willdale experienced a remarkable surge in its inflation-adjusted revenue in 2023. The company's revenue reached a staggering ZWL 37 billion, a whopping 106% increas

Jan 03, 2024

Goodbye John: A Troubled Legacy of Zimbabwe's Central Bank Governor

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,

Dec 15, 2023

Nampak Reports Resilient Performance Amidst Challenging Market Conditions

Nampak's success can be attributed to its strategic initiatives and prudent investments. The company focused on enhancing its product portfolio by introducing innovative packaging solutions that cater

Dec 11, 2023

Kimberley Process Plenary Sets Milestone for Diamond Trade Reform

The recently concluded 2023 Kimberley Process Plenary has marked a significant milestone in the efforts to regulate the diamond trade and enhance consumer confidence in natural diamonds.

Dec 11, 2023

Taxes Tsunami: Mthuli Ncube's Budget Deluge Drowns Struggling Economy

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

Dec 07, 2023

Corporate Action Summary

PPC Limited announced the appointment of Mr. Matias Cardarelli as Chief Executive Officer of the Group. He formally took over from Roland van Wijnen from 01 December 2023.

Dec 04, 2023

The Bubblegum Currency: Year-to-Date Losses Skyrocket 87%

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

Nov 23, 2023

Omnia Zimbabwe Challenges Tax Assessment on Foreign Currency Transactions

In a recent development, Omnia Zimbabwe, a prominent player in the chemicals industry, has contested an income tax assessment received from the Zimbabwean Revenue Authority (ZIMRA) on April 28, 2023.

Nov 21, 2023