Zimbabwe

Zimbabwe

Zimbabwe’s Trade Deficit More than Halve

Zimbabwe's balance of trade witnessed a significant improvement, with the trade deficit declining by over 50% to US$85.1 million from a previous figure of US$196 million, representing a decline of 56.

Jul 25, 2023
Zimbabwe
Cheap Imports Dents AFDIS Sales Volumes

African Distillers (AFDIS), a prominent manufacturer of wine and spirits, experienced a 13% downturn in wine volumes during the quarter ended 30 June 2023, with spirits registering a meagre uptick of

 Jul 25, 2023
Zimbabwe
Caledonia Halts Bilboes Operations

Mining firm, Caledonia Mining Corporation has halted the Bilboes Mine operations as the project is not generating sufficient revenues or cash flows to justify its continuation. The halt is effective O

 Jul 24, 2023
Zimbabwe
Corporate Action Summary

Turnall Holdings Limited announced the appointment of Mrs. Constance Chakona and Mr. Desai as Non-Executive Directors of the Company with effect from 01 August 2023. Constance is a Chartered Accountan

 Jul 24, 2023
World
Datvest: Withstanding hardships yet optimistic about the potential for future gains

Datvest ETF offers exposure to leading consumer staples counters  After running for 10 months inflation-adjusted losses hit ZWL$343 million Datvest remains in a robust position, with ZWL$328 million i

 Jul 24, 2023
World
Phoenix Rising: Disco Lights Up Zimbabwe's Steel Industry, Shattering ZISCO's Gloom

The precipitous decline of the Zimbabwe Iron and Steel Company (ZISCO) stands in stark contrast to the nascent rise of China's Dinson Iron and Steel Company (Disco), illuminating the complex interplay

 Jul 24, 2023
Zimbabwe
Unpacking the Subtext: ZSE Creates A REITS Association

The Zimbabwe Stock Exchange (ZSE) has established the Real Estate Investment Trusts (REITs) Association of Zimbabwe (ZIMREIT) with the main objectives of promoting the growth of the REIT market, educa

 Jul 21, 2023
Illusion of Stability? Zimbabwe Dollar Takes Gains to Fourth Straight Session

The Zimbabwe dollar has sustained the recovery trend on formal market after firming by 5% on the latest auction market from ZWL4998.8352 during the previous week to ZWL4771.3854 during the week under

Jul 20, 2023
Tharisa's Karo Platinum Project in Zimbabwe Set to Boost the Country's Economy and Cement its Position as a Key Player in the PGM Industry

The concrete foundation pouring is progressing well, with earthworks nearing completion. The pilot mining has commenced, and operational tests will soon begin. Long-lead items manufacturing is progres

Jul 19, 2023
Corporate Action Summary

The Board of Directors at African Sun Limited issued a notice to stakeholders on the retirement of Dr. E.A. Fundira as Chairman and Non-Executive Board member, effective 29 June 2023, having completed

Jul 17, 2023
Tharisa's Strong Q3 Production Report Boosts Balance Sheet

The report highlights the company's strong balance sheet, with cash on hand increasing by US$36.8 million to US$242.6 million, resulting in a net cash position of US$141.5 million, which will support

Jul 13, 2023

Zim Dollar’s Sustained Recovery Raise Questions

The Zimbabwe dollar has sustained a recovery trend, firming to ZWL4998.8352 in the latest auction market held on July 11, 2023, with an 8% week-to-date increase. This marks one of the strongest perfor

Jul 12, 2023

Corporate Action Summary

Padenga issued a Cautionary Statement on the 7th of July, 2023, further to the statement issued on the 16th of June, advising stakeholders that the company is still in negotiations on the re-organizat

Jul 10, 2023

Zimbabwe, a Thriving Market for Ponzi Schemes

In a turn of events, which was rather inevitable and more a déjà vu, investors of the infamous E-Creator were awaken earlier this week from a deep sleep. This followed the bringing to light of the “bu

Jul 07, 2023

Zimplow's Strategic Repositioning: ZSE-Delisting Date Announced

Zimplow Holdings Limited has announced that it will be delisting from the Zimbabwe Stock Exchange (ZSE) on July 12, 2023, followed by its listing on the US Dollar-denominated Victoria Falls Stock Exch

Jul 07, 2023

Tongaat Hulett gets lifeline to keep operating

Tongaat Hulett, the embattled South African sugar producer under business rescue, announced this week that it had secured an extension of its post-commencement finance facility from its funders until

Jul 05, 2023

Zimbabwean Dollar sustains recovery

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

Jul 05, 2023

Zimbabwe's 2022 GDP Growth Exceeds Expectations, Driven by Agriculture and Mining

The Organisation of Petroleum Exporting Countries (OPEC) insists that the use of fossil fuels is the best option to address the forecast of a 13% increase in demand, despite the fact that they have po

Jul 04, 2023

Corporate Action Summary

Caledonia Mining Corporation PLC announced that on the 23rd of June, 2023, BlackRock Inc crossed a threshold of notification with an interest in excess of 3% of Caledonia’s issued share capital. The U

Jul 03, 2023