Zimbabwe

Zimbabwe

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
Zimbabwe
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
World
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
Zimbabwe
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
Zimbabwe
Hippo Valley Estates Limited granted 99-year leases for land in Zimbabwe's Lowveld

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

 Jun 30, 2023
Zimbabwe
ZSE-Listed Companies' Reporting Delays: Is It Economic Madness or Technical Deficiency

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

 Jun 30, 2023
Zimbabwe
OK Zimbabwe Modernizes Operations with ERP Implementation

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

 Jun 29, 2023
Walking a Tight Rope: Imports Duty Impasse Dents Hippo Valley

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

Jun 29, 2023
Zimbabwean Dollar Surges Significantly for the First Time Boosting Prospects for Currency Stability

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

Jun 28, 2023
Zim Braces Another Hyperinflationary Period as Gvt Continues Beating a Dead Horse

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

Jun 27, 2023
Namibia :Recovery Ignites Economy but Rates Threaten Gains

Windhoek - Namibia’s economy expanded by 5% in the first quarter of 2023 compared to the same period last year, showing signs of recovery after two years of recession brought on by COVID-19. The finan

Jun 27, 2023

Persistent Currency Volatility Triggers ZSE to Review Charges by 900%

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

Jun 26, 2023

Corporate Action Summary

CBZ Holdings Limited announced that it will hold the 31st Annual General Meeting (AGM) of its shareholders on Friday, the 21st of July, 2023, at 1600 hours via the virtual platform, https://polling.ft

Jun 26, 2023

Govt Mandates Temporary Local Currency Tax Payments to Boost Demand for Struggling Zim Dollar

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

Jun 26, 2023

Namibia Bans Lithium Ore Exports, Follows Zimbabwe's Lead

Namibia Bans Lithium Ore Exports, Follows Zimbabwe’s Lead Windhoek, Namibia - The Namibian government recently annonced a ban on the export of raw lithium ore and other critical minerals, saying it w

Jun 26, 2023

South African Rand Falls on Global Growth Worries Due to Interest Rate Hikes

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

Jun 23, 2023

Seef Contemplates Zimbabwe Hospitality REIT Launch

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$

Jun 23, 2023

ZWL Appreciates Against US$, Prospects of Currency Stability

The local currency, ZWL, appreciated against the United States Dollar (US$) for the first time this year on the 22nd of June, 2023, on the interbank market. The local unit firmed by a staggering 1.26%

Jun 22, 2023

Zimbabwe Dollar Trims Weekly Losses by 24% on Formal Market, Widens Premium by 31%

The embattled Zimbabwe dollar shed by 14% on the latest Auction Market held on the 20th of June 2023. Though the currency continues to register double digits decline, the latest performance was the b

Jun 21, 2023