Companies

Companies

Audit Challenges Extend Star Africa's Wait

Star Africa Corporation, a sugar manufacturer, has announced a further delay in the publication of its full-year financial results. The company has revised its expected publication date from the initi

Jul 31, 2023
Zimbabwe
Corporate Action Summary

Padenga Holdings Limited announced that an Extraordinary General Meeting (EGM) of its members will be held at 1000 Hours on Wednesday, 16 August 2023, at the Royal Harare Golf Club, situated at 5th St

 Jul 31, 2023
World
Delta Corporation Poised for Massive Growth

Delta Corporation Limited, the leading beverage company listed on the Zimbabwe Stock Exchange, has announced a $71 million investment aimed at boosting its production efficiency and profitability. Giv

 Jul 27, 2023
Zimbabwe
Seed Co Limited Reaps Strong Growth Despite Turbulent Operating Environment

Rebounded to a ZWL15.8 billion profit against a prior year loss of ZWL2.2 billion. Inflation-adjusted revenue soaring 56% to ZWL42.7 billion Maize seed sales volumes increased 12% while soyabean volum

 Jul 26, 2023
Zimbabwe
Resilient Performance Amidst Turbulent Times for Seed Co International

Revenue growth of 17% to US$103.5 million, underpinned by a 20% increase in maize seed sales volumes Gross profit edged up 15% to US$46 million, as the company strived to minimise input cost pressures

 Jul 26, 2023
Zimbabwe
Cheap Imports Dents AFDIS Sales Volumes

African Distillers (AFDIS), a prominent manufacturer of wine and spirits, experienced a 13% downturn in wine volumes during the quarter ended 30 June 2023, with spirits registering a meagre uptick of

 Jul 25, 2023
Zimbabwe
Caledonia Halts Bilboes Operations

Mining firm, Caledonia Mining Corporation has halted the Bilboes Mine operations as the project is not generating sufficient revenues or cash flows to justify its continuation. The halt is effective O

 Jul 24, 2023
Corporate Action Summary

Turnall Holdings Limited announced the appointment of Mrs. Constance Chakona and Mr. Desai as Non-Executive Directors of the Company with effect from 01 August 2023. Constance is a Chartered Accountan

Jul 24, 2023
Datvest: Withstanding hardships yet optimistic about the potential for future gains

Datvest ETF offers exposure to leading consumer staples counters  After running for 10 months inflation-adjusted losses hit ZWL$343 million Datvest remains in a robust position, with ZWL$328 million i

Jul 24, 2023
Phoenix Rising: Disco Lights Up Zimbabwe's Steel Industry, Shattering ZISCO's Gloom

The precipitous decline of the Zimbabwe Iron and Steel Company (ZISCO) stands in stark contrast to the nascent rise of China's Dinson Iron and Steel Company (Disco), illuminating the complex interplay

Jul 24, 2023
Econet Unveils New Offerings

Econet Wireless Zimbabwe Limited, the largest telecommunications company in Zimbabwe by market capitalisation, is currently implementing a virtualized core network as part of its digital transformatio

Jul 24, 2023

Meikles Limited Expands Property Portfolio

Diversified retail outfit, Meikles Limited Zimbabwe has expanded its property portfolio in the full year to 28 February 2023 after the completion of various projects. Meikles Limited, which is into re

Jul 21, 2023

Inadequate Face Advances Hamper Gold Production

Caledonia Mining Corporation, listed on the US-dollar denominated bourse, Victoria Falls Stock Exchange (VFEX), reported a 9% decline in production during the second quarter ended June 2022, with gol

Jul 17, 2023

Ecocash’s Mobile Money Grows 8-Folds

EcoCash Holdings Limited, a diversified technological group has posted an eight-fold increase in transaction values on its latest introduced US Dollar mobile money platform during the first quarter en

Jul 17, 2023

Corporate Action Summary

The Board of Directors at African Sun Limited issued a notice to stakeholders on the retirement of Dr. E.A. Fundira as Chairman and Non-Executive Board member, effective 29 June 2023, having completed

Jul 17, 2023

BNC Anticipates Recovery in 2024

Mining firm listed on the Victoria Falls Stock Exchange (VFEX) Bindura Nickel Corporation (BNC) is set to bounce back to profitmaking in FY2024 after incurring a net loss of US$18.5 million in FY2023.

Jul 17, 2023

Beta Bricks Sets Lofty Production Target

One of the leading bricks manufacturer, Beta Bricks Limited will start producing 18-24 million bricks this year when it fully commissions the Steele 90 plant in Melfort which is in the last stages of

Jul 17, 2023

Accelerate Property Fund Lowers Distribution Guidance by More Than 15%

In the trading update, Accelerate said it now expects its distribution per share for the year ending 31 March 2023 to be more than 15% lower than the previous year's distribution. The company cited th

Jul 12, 2023

Choppies' Kamoso Acquisition to Boost Liquor Sales, Hardware Growth and Supply Chain Efficiencies

Choppies Enterprises, the Botswana retail giant, has announced the acquisition of a 76% stake in Kamoso Africa for P2 a share of the issued ordinary shares of Kamoso Group plus taking over shareholder

Jul 12, 2023