Companies

Zimbabwe

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
World
The Sinking Ship : CFI Holdings' Fight Against Equity Erosion

CFI Holdings experienced a staggering 245.7% surge in revenue to ZWL 201.99 billion The company grappled with expense management challenges ultimately reporting a loss of ZWL 92.73 billion Negative

 Jan 12, 2024
World
Battling the Abyss: Ariston Holdings Limited Records a Whopping ZWL$33 billion Loss

Harare - Ariston Holdings Limited faced a formidable challenge as its loss position widened to a staggering ZWL$33 billion in the full year that ended on September 30, 2023, compared to a loss of ZWL$

 Jan 10, 2024
World
The Brick Dilemma: Willdale Limited's Struggle with Power Outages and Intense Rivalry

Persistent power outages throughout the year had a profound and adverse effect on the production and sales volumes of Willdale Limited, a prominent brick manufacturer. Consequently, the company's oper

 Jan 09, 2024
Zimbabwe
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
Companies
BNC in Production Quandary

Bindura Nickel Corporation (BNC), a nickel miner listed on the Victoria Falls Stock Exchange, is currently facing significant challenges and a pessimistic outlook after remaining in a loss position fo

 Dec 14, 2023
Companies
Seeds of Hope: Seed CO Int Narrows HY-Loss

Seed Co International, a well-known seed producer, has recently been listed on both the Victoria Falls Stock Exchange and the Botswana Stock Exchange. In a positive development, the company has manage

 Dec 14, 2023
Is it Losing It? RioZim’s Production Quandary

ioZim's gold production for the cumulative nine months leading up to the full year of 2023 has surged to 724 kilograms, surpassing the previous year's performance. This nine-month achievement follows

Dec 05, 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
Meikles Limited’s Profitability Crunch: PAT Dips as Sales Slumps

eikles Limited, a prominent diversified retailer in Zimbabwe with interests in both the retail and hospitality sectors, experienced a significant decline in profitability during the half-year period e

Dec 04, 2023
RioZim Boosts Gold Output by 13%

RioZim's gold production for the cumulative nine months leading up to the full year of 2023 has surged to 724 kilograms, surpassing the previous year's performance. This nine-month achievement follow

Nov 29, 2023

Invictus’ Mukuyu 2 Oil Discoveries: New Findings or Recycled Claims?

Invictus Energy Limited made an announcement on November 20, 2023, revealing the presence of hydrocarbon reservoirs, including natural gas and oil, at their secondary drilling site, Mukuyu 2. However,

Nov 29, 2023

ASUN Embarks on Recovery Trajectory, Post Growth in Q32023

After experiencing a significant loss of US$1.8 million in the first half of 2023, African Sun, the leading hotel group listed on the Victoria Falls Stock Exchange, has shown improvement in its perfor

Nov 27, 2023

Zimplow Edges Completion of Barzem Takeover

Zimplow, a company listed on the Victoria Falls Stock Exchange (VFEX), is making significant progress towards acquiring the equity ownership of Barzem, a company currently under the ownership of Barlo

Nov 27, 2023

Battle of the Heavyweights : Innscor's Bold Move Challenging Delta's Opaque Beer Hegemony

Delta's Revenue soared by 164% to ZWL1.9 trillion in HY'24 Nyathi Beer opaque beer production at 30 000 hectolitres against Delta's 350 000 hectolitres Innscor possesses the firepower to rival Delta's

Nov 20, 2023

Corporate Action Summary

NMBZ Holdings Limited announced the retirement of Mr. Benedict Chikwanha from the Board with effect from 31 December, 2023, after having served ten years on the board, nine of which he served as Board

Nov 20, 2023

Padenga Set Sights on Industry Dominance

The diversified VFEX listed company, Padenga Holdings Limited, has achieved a gold output of over 1,500 kilograms during the cumulative nine months leading up to September 2023. This surpasses the out

Nov 16, 2023

Russia- Ukraine War Dampens Turnall Holdings’ Sales Volumes

Turnall Holdings Limited, a tiles manufacturer, reported a 7% decline in sales volumes for the third quarter ending on September 30, 2023. The sales volumes decreased from 9,132 tonnes to 8,526 tonnes

Nov 15, 2023

Dairibord's US Dollar Sales Surge to Over 90%

Dairibord Holdings Limited, a milk processor listed on the Zimbabwe Stock Exchange (ZSE), has reported that 93% of its sales for the quarter ended 30 September 2023 were denominated in US Dollars. Cum

Nov 15, 2023