Companies

Zimbabwe

Corporate Action Summary

OK Zimbabwe Limited held its 22nd Annual General Meeting on the 2nd of November, 2023, where all the raised resolutions were passed. These notably include the confirmation of the payment of a final di

Nov 13, 2023
Companies
Zimbabwe’s 2024 Mining Outlook

In October 2023, Sibanye-Stillwater, a multinational mining company, implemented a restructuring process aimed at reducing costs, which could potentially lead to the loss of over 4,000 jobs and the cl

 Nov 13, 2023
Companies
Afdis Remains Afloat: Defies Smuggling Challenges

African Distillers, a manufacturer of spirits and wines listed on the Zimbabwe dollar denominated exchange ZSE, maintained a steady growth rate of 11% in its volumes after achieving the same growth i

 Nov 06, 2023
Zimbabwe
Corporate Action Summary

Caledonia Mining Corporation announced that has changed its Nominated Adviser and Joint Broker from Cavendish Securities plc to Cavendish Capital Markets Limited. This follows the completion of the al

 Nov 06, 2023
Companies
Survival of the Fittest: Edgars Undergoes Leadership Overhaul

As the popular saying goes, a soldier's true worth is often unseen during times of peace within a country. It is only when a devastating attack disrupts the tranquility and threatens human well-being

 Nov 06, 2023
Companies
ZECO’s Family Friction: Chiyangwa Ousts Son in Leadership Shake-Up

ZECO, an ailing company listed on the Zimbabwe Stock Exchange and known for its consistent financial losses for over a decade, has underwent a directorate leadership overhaul according to the latest c

 Nov 03, 2023
Companies
Zimplats Revs Up Expansion

Zimplats has committed US$516.8 million in capital projects amid a sluggish PGMs output in the third quarter to September 2023. Zimplats recorded one of the worst output increase averaging 1 to 2% bot

 Nov 03, 2023
Turnstar Holdings Reports Strong Half-Year Financial Results with Increased Rental Revenues

Turnstar Holdings Limited, a diversified group with subsidiaries in Botswana, Tanzania, and the UAE, has announced its unaudited group financial results for the six-month period ending July 31, 2023.

Nov 01, 2023
Tigere Pockets US$1.2 Million, Reward Investors

Tigere Property Fund, a real estate firm, has reported a total of US$1.27 million in net property income for the nine months ended 30 September 2023 according to the company’s latest trading update.

Oct 30, 2023
Corporate Action Summary

Simbisa Brands Limited announced that it will hold an Annual General Meeting (AGM) for stakeholders at 08:15 Hours on the 17th of November, 2023, at the Standards Association of Zimbabwe, Northend Clo

Oct 30, 2023
Economic Storm Tests: BAT Remains in Smoke

Cigarettes manufacturer, British-American Tobacco has reported a 7% decline in sales volumes during the third quarter ended 30 September 2023 according to the Group’s latest trading update. However, d

Oct 27, 2023

State of the Zimbabwean Banking Sector : The Chase to Zero

During the first half of 2023, the banking sector experienced notable changes in various key indicators. One such indicator was the aggregate total loans, which saw a significant increase of 9.76% in

Oct 23, 2023

RioZim Achieves First Gold Output Growth in Five Years

RioZim Limited, a diversified mining firm with vested interests in gold, chrome and diamonds in Zimbabwe, has achieved a significant milestone by posting its first increase in gold output in over five

Oct 23, 2023

Corporate Action Summary

The Board of Directors of ZB Financial Holdings Limited announced the appointment of Luxon Zembe as Chairman of ZB Financial Holdings Limited Board with effect from 1 August 2023. Luxon is a prominent

Oct 23, 2023

Plummeting PGMs Prices Delay Karo Project Commissioning

Tharisa Private Limited Company, a prominent mining company listed on the London Stock Exchange (LSE) and Johannesburg Stock Exchange (JSE), has announced a deliberate decision to prolong the commissi

Oct 18, 2023

ZB Financial Holdings Limited Appoints New Chairperson

ZB Financial Holdings Limited has announce the appointment of Luxon Zembe as the Chairperson of the ZB Financial Holdings Limited Board, effective from 1 August 2023. Luxon brings with him a wealth of

Oct 17, 2023

Corporate Action Summary

The Board of Directors of Zimre Holdings Limited (ZHL) announced the appointment of Messrs Richard Morgan and Nicholas Mugwagwa Vingirai to the Board effective 28 July 2023. This follows their electio

Oct 16, 2023

Caledonia Reports Record Q3 Gold Output, Reaffirms FY23 Guidance

Caledonia Mining Corporation, one of the leading gold mining producers, has announced a quarterly gold production of 21,772 ounces in the third quarter of 2023, as stated in the company's recent tradi

Oct 11, 2023

Bridgefort Narrow Losses to ZWL300 Million, Class A Struggles Continue

Bridgefort Capital Limited, a diversified entity listed on the Zimbabwe Stock Exchange (ZSE) has managed to reduce its losses for the six-month period ended 30 June 2023. The company reported a loss o

Oct 09, 2023