Companies

Zimbabwe

Takealot’s Mr D drives Pick n Pay sales

South Africa’s 2nd largest retailer Pick n Pay said its online sales volumes significantly soared after hopping onto the Mr D’s delivery app. The company achieved total online sales growth for the yea

May 11, 2023
Companies
Harmony Gold reports strong operational performance for 9M FY23.

Electricity challenges in South Africa will likely have a significant adverse impact on Harmony's operations in the near term, particularly its cost of production. The country has been experiencing fr

 May 10, 2023
Companies
CBZ Holdings' Taxation More than Doubles in FY2022

CBZ Holdings, a ZSE-listed diversified outfit’s taxation charges more than doubled by 111% to ZWL21.48 billion during the full year ended 31 December 2022 from ZWL10.8 billion in the same period in 20

 May 10, 2023
Companies
Zambia Forestry Corp. Delivers Resilient Financial Performance in Challenging Times

The corporation generated a total revenue of ZMW386 million ($21.9 million) from the sale of roundwood and treated poles compared with ZMW366.6 million ($20.7 million) in 2021, representing an increas

 May 10, 2023
World
Strategic Growth and Diversification: Sibanye's Q1 2023 Performance and Key Projects in Zimbabwe and Europe

One of the key projects that Sibanye is advancing is the Keliber lithium refinery project in Europe. The construction of the refinery commenced in March 2023, and the project is set to supply regional

 May 10, 2023
Companies
Beneficiation Blitz: Hwange Colliery to Commission New Washing Plants

Mining gem, Hwange Colliery Company Limited is set to commission new two washing plants in the second half of 2023, according to the company’s latest FY’2023 financial results.  The coal directly min

 May 09, 2023
Zimbabwe
From Losses to Lessons: Zimplow's 2022 Journey Towards Growth and Resilience

Zimplow Holdings Limited, which is set to list on the Victoria Falls Stock Exchange (VFEX) after announcing its intention to delist from the Zimbabwe Stock Exchange (ZSE), weathered a turbulent year i

 May 08, 2023
Corporate Action Summary

In the week under review, Caledonia Mining Corporation announced the retirement of Leigh Wilson from his role as Director and Non-Executive Chairman of the Company. He became Chairman in May of 2013,

May 08, 2023
Zimgold's Plan to Boost Local Sourcing in Zimbabwe's Oil Industry: Company Aims to Raise US$5 Million through the private placement of a Commercial Paper

Zimgold aims to raise US$5 million through the private placement a commercial paper to fund local sourcing of soya beans and sunflower seeds. The limited quantities of oilseed production in Zimbabwe h

May 08, 2023
Power Deficits ‘Compromise’ Proplastics’ Efficacy

Leading plastic products manufacturer, Proplastics Limited Zimbabwe, listed on the local currency bourse, the Zimbabwe Stock Exchange (ZSE) recorded dampened performance in the first quarter ended 31

May 08, 2023
Electricity Woes Baffles RioZim

The mining concern listed on the Zimbabwe Stock Exchange, RioZim Limited Zimbabwe says recurrent electricity power cuts in the full year to December 2022 dampened its gold output at Renco Mine, its f

May 05, 2023

Powerless Profits: Pick n Pay's Margins Plunge Amid South Africa's Electricity Crisis

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

May 04, 2023

Zimplats Q1 Performance Plummets

Leading Platinum Group Metals (PGMs) producer, Zimbabwe Platinum Mines Limited (Zimplats), a member of the Amplats Group shared impoverished both production and financial performance for the first qua

May 04, 2023

Choppies Updates Shareholders on Speculation About Takeover Discussions

Choppies highlighted that the article created an incorrect impression by referring to just Choppies, the listed entity, in the headline and initial parts of the article before later mentioning Choppie

May 03, 2023

GetBucks Microfinance Exhibits Robust Growth in Total Income, yet Faces Challenges in Profitability and Asset Quality

GetBucks Microfinance Bank’s net interest income increased by 62% from ZWL220 million in 2021 to ZWL399 million in 2022. This shows that the bank's lending activities grew significantly during the yea

May 02, 2023

CFOs Strategize to Integrate Generative AI in Finance

Generative AI is a hot topic in the finance industry, and experts at the recent CFO Network event discussed how it could have a transformative impact on sales and pricing strategies. Darryl Bond, CFO

May 02, 2023

Econet’s Proposed Rights Offer to Raise US$ 30.3 Million

In a cautionary announcement dated 27 April, the listed company Econet Wireless Zimbabwe Limited (“the company”) detailed its proposed Rights Offer. This comes 20 days after considerations began with

May 02, 2023

Impact of Intel's Worst Quarter Loss and Fierce Competition on Africa's PC Access Negligible

Intel's commitment to innovation is unwavering, and the company will continue to introduce new products and technologies to the African market. The potential for increased competition in the African m

Apr 28, 2023

Blended Inflation Model Distorting Actual Zim Dollar Inflation Trend, According to Captains of Industry

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

Apr 28, 2023