The South African Rand roared to 18.4 against the greenback on the 19th of May 2023, its highest in over a month. At that performance, the Rand surpassed the Zambian Kwacha, Kenyan Shilling and Nigeri
Jun 19, 2023
Padenga Holdings Limited issued a Cautionary Statement on the 16th of June, 2023, advising shareholders and members of the public that the Company is considering the re-organization of the affairs of
Following two months of enforcing economic measures to stabilise the local currency with the latest penalties enforced on the 14th of June targeting retailers who surge prices in Zimbabwe dollars, th
Rail India Technical and Economic Service (RITES) recorded a 2% jump in its share price on the National Stock Exchange of India Limited (NSE) on the 16th of June, 2023, after signing an US$81.2 millio
The Reserve Bank of Zimbabwe says the Foreign Exchange auction Market has allotted US$4.082 billion to companies since its inception in 2020 to May 2023. The Foreign Exchange Auction Market was intr
The Grain Millers Association of Zimbabwe (GMAZ) has incurred over US$66 million in exchange losses due to the rapid depreciation of the local currency. GMAZ accounts for 95% of the national supply
Trading conditions remained difficult in South Africa, PPC’s largest market, with cement volumes down 5.8% although selling prices rose 8%. The smaller materials business suffered an EBITDA loss of R6
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
OPEC+ has Made a decision to maintain production levels at current levels despite widening supply gaps in the market. The decision comes at a time China is expected to see spikes in demand as the late
On Tuesday, the 13th of June, the Zimbabwe Stock Exchange (ZSE) halted a bull-run that had stretched to 22 consecutive sessions under which the market garnered 208% nominal gains. The mainstream ZSE A
The embattled local currency, the Zimbabwe dollar has depreciated by 38% against the greenback, a record low since the currency was reintroduced in 2019. A record depreciation was lastly recorded in
Namibia's decision to ban the export of unprocessed critical minerals and Zimbabwe's ban on lithium ore exports are steps towards maximizing the benefits of critical minerals for their respective coun
Zimbabwe’s inflation rate, year-on-year surpassed 1000% to 1220% according to Steve Hanke’s latest inflation figures. This is against Zimbabwe’s 86.54% year-on-year inflation rate from the Central
Banking company, ZBFH, issued a notice to shareholders and other stakeholders about its 34th Annual General Meeting (AGM) which will be held virtually via ZOOM on Friday, the 30th of June, 2023 at 103
Since the beginning of June, the Zimbabwe Stock Exchange (ZSE) has instituted a trading halt in more than two sessions. A 30-minutes cooling off period is typically implemented when the mainstream ZSE
Following the implementation of economic measures announced on 11 May 2023 and 29 May 2023 respectively, the Central Bank introduced new measures on the 6th of June, 2023 meant to curtail exchange rat
