Zimbabwe

Zimbabwe

Ariston Holdings Limited seeks greater export value

Zimbabwe Stock Exchange-listed company Ariston Holdings Limited (ARIS.zw) has seen mixed performance across its business units. Its main product categories are tea and macadamia nuts. The third busine

Feb 21, 2023
World
Embattled ESKOM’s resumed Stage 6 loadshedding risks GDP’s growth efficacy

Ailing power utility, ESKOM has recommenced Stage 6 load-shedding from Stage 4 as power supply by the state-run parastatal remains clouded, Eskom’s Chief Executive Officer (CEO), Andre Oberholzer reve

 Feb 20, 2023
Zimbabwe
CORPORATE ACTION SUMMARY

VFEX LISTING (INNSCOR); AGM NOTICES (NAMPAK & BORDER TIMBERS) & TRADING UPDATES (HIPPO; STARAFRICA & MEIKLES). Innscor Africa Limited held an Extraordinary General Meeting on the 15th of February, 20

 Feb 20, 2023
World
Star Africa’s Goldstar operates on deficit on account of failing power system

ZSE-listed sugar maker, Star Africa Corporation’s Goldstar Sugars has incurred nosediving performance for the 3rd quarter ended 31 December 2022 due to recurrent power outages and supply challenges.

 Feb 16, 2023
Zimbabwe
Bindura Nickel Corporation Volumes slump

The Company suffers a slump in volume performance following a major breakdown that was experienced on a Sub-vertical Rock Winder (“SVR”) at the Trojan Nickel Mine. The SVR is used to hoist material (o

 Feb 16, 2023
Zimbabwe
Zimbabwe dollar’s Y-T-D losses widen by 18%

Under-fired currency, the Zimbabwe dollar has widened year-to-date losses by 18% since the Foreign Exchange Auction Market commenced ON THE 10th of January 2023. On the latest Auction Market held on t

 Feb 15, 2023
Zimbabwe
BOOM or BUST: Industry doubtful about 2023 growth prospects

As 2023 global growth prospects remain anaemic and the risk of recession in other large economies continues looming due to trade wars between the world's largest economies, USA and China, and geo-poli

 Feb 14, 2023
ART Corp’s Recessionary Prospects

In this article, we will analyse the current performance of Amalgamated Regional Trading Limited (“the company, or “ART Corp”) as the base performance at which It will enter the looming recession. The

Feb 13, 2023
Tigere Reit becomes a real tiger property wing in the industry

The real-estate sector in Zimbabwe seemed to have failed to find ground despite a wave of possible recovery in late 2021. The sector was heavily hit by the Covid-19 pandemic in 2020 to early 2021 as o

Feb 13, 2023
Lafarge delays FY results publication

ZSE-listed outfit, Lafarge Cement Zimbabwe, trading as Khayah Cement will delay the publication of the full-year results for the 12 months ended 31 December 2022 to give external auditors more time.

Feb 13, 2023
Usurious lending rates curtail OK Zimbabwe’s sales: Can the latest IR cut bring fortunes?

Zimbabwe’s record bank policy rates, then 200% and now 150% have stunned the sales volumes for OK Zimbabwe during the third quarter ended 31 December 2022 according to the Group’s latest trading updat

Feb 10, 2023

Econet wireless rounds up Q3 2022 with an increase but unpleased with the operating environment

Econet Wireless Zimbabwe, the ZSE-listed giant, has released its Q3 trading update with pleasing financial results marking its territory in the digital service provider (DSP) space. T

Feb 08, 2023

ART Holdings posts mixed Q1 performance, exports nosedive

Zimbabwe Stock Exchange (ZSE)-listed outfit, ART Holdings recorded mixed performance during the first quarter to FY2023 with depressed volumes due to deficiency in raw materials uptake despite an incr

Feb 08, 2023

Depressed electricity generation curtails NTS’ Q3 output

Zimbabwe’s largest distributor and retailer of new tyres and tubes for the automotive industry, National Tyre Services has reported reduced sales volumes in retreading and new tyres for the third quar

Feb 08, 2023

Zimbabwe dollar succumbs 93% on Auction Market

The Underfired Zimbabwe dollar has shed by 93% on the Foreign Exchange Auction Market since it commenced in June 2020. The Zimbabwe dollar traded at ZWL831.8147 on the latest auction market held on th

Feb 08, 2023

Bridgefort Capital: A trailblazer in strategy evolution

Given the impending recession, Zimbabwe's high inflation rates, and the nation's ongoing electrical issues, we anticipate Bridgefort Capital to keep improving its operating tactics and controlling exp

Feb 06, 2023

State of the economy: Inflation to hover around 400% by end of second quarter

For Zimbabwe, 2023 is set to be a turbulent year, yet again, as a looming global recession is set to rock developing economies. This compounded by the sheer lack of fiscal and monetary policy coherenc

Feb 06, 2023

CFI shifts to imports as drought spells loom

As drought spells and erratic rainfall seasons continue to haunt Zimbabwe which heavily relies on natural rains for agriculture than irrigation systems, the Zimbabwe Stock Exchange (ZSE)-listed agro-c

Feb 06, 2023

Central Bank slashes repo rates by 50 percentage points

Zimbabwe’s interest rates have been slashed to 150% from a global record of 200% according to the latest Monetary Policy Statement released by the Central Bank. This translates to a 50 percentage poin

Feb 03, 2023