Companies

Zimbabwe

Platinum Giant Impala Prays for Shareholder Uplifting in Horizontal Merger

-Impala Platinum is awaiting the decision of its major shareholder, South Africa's Public Investment Corporation (PIC), which is faced with two choices regarding the acquisition of platinum group meta

Mar 03, 2023
Zimbabwe
Commodities Perspective Corner: Juicy Profits Trimmed! Dive into the World of Citrus Exports

According to Zimtrade, the new requirements that have been put in place by EU are meant to protect consumers and prevent the spread of the False Codling Moth (FCM) into the Union. The EU enacted a reg

 Mar 02, 2023
Zimbabwe
Rand Gains 1% against US Dollar on Boost from Chinese Data Release

The South African Rand regained value against the US dollar on Wednesday, March 1st, as data from China bolstered the value of the Rand. The unit traded at 18.1575 against the dollar, about 1% stronge

 Mar 02, 2023
Zimbabwe
Managing Business Hazards for Zim Enterprises

All business owners have a fear of inflation. They claim that cost increases pose the largest threat to their business. In order to combat this, business owners must raise prices to cover the effects

 Feb 28, 2023
World
Mozambique Stock Exchange Bonds Surge to Record High on Strong Investor Demand!

The Mozambique Stock Exchange (BVM) has announced the successful completion of its 2023 inaugural bond issuance series on 21 February 2023, with the 1st Reopening of Treasury Bonds 2023-1 Series being

 Feb 28, 2023
Zimbabwe
The Great Migration: Innscor’s Shift to VFEX Sparks Zim Market Shake-Up

Innscor’s decision to migrate from the ZSE to the VFEX is a significant move that will have far-reaching implications for the company, the ZSE, and the VFEX. In this analysis, we will explore the impl

 Feb 28, 2023
Zimbabwe
Corporate Action Summary

On the 23rd of February, 2023, the seed producer, SeedCo Ltd, withdraw a Cautionary Announcement made on the 18th of January, 2023. “Accordingly, the cautionary announcement made on January 18, 2023 i

 Feb 28, 2023
Spike in Interest Rates Cripples CAFCA's Sales Volumes

he construction and mining sectors saw a rise in activity in 2022, which was expected to influence sales, but a spike in interest rates hampered economic activity among corporate entities facing 200%

Feb 27, 2023
Generative AI (ChatGPT) : How it will Establish its Industrial Value for Zimbabwean Businesses.

ChatGPT, a small step for generative AI, is still in the very early stage of verifying its industrial value. In the first issue of the Axis this year in the article Farewell Crypto, Hello generative A

Feb 27, 2023
Twitter Continues to Eliminate Product and Engineering Employees to Reduce Costs

Following his $44 billion acquisition, Musk cut more than 3,700 people at Twitter, or half of the company's employment, in 2022 in an effort to reduce costs.The firings came after Twitter made cuts to

Feb 27, 2023
“Surprise”: Lance Mambondiani Set to Step Down as BancABC MD

According to credible sources, Dr Lance Mambondiani is set to step down as BancABC Managing Director (MB) after being at the helm of the Zimbabwe unit since July 2019. His departure has, however, rais

Feb 24, 2023

CFI Holdings Achieves Impressive Q1 Performance Despite Fertilizer Revenue Dip

CFI Holdings is a business conglomerate that has navigated challenging macroeconomic conditions to deliver impressive results for Q1 ending 31 Dec 2022. The group operates in three divisions - Poultry

Feb 24, 2023

Sibanye Stillwater downgrades FY2022 profit guidance

Mimosa mine’s parent company, a multinational mining and metals processing Group, Sibanye Stillwater has slashed its full-year 2022’s profit guidance due to industrial action, floods that stalled prod

Feb 22, 2023

Goldstar Sugars refinery resume operations

Sugar producer, Star Africa Corporation has reviewed that the refinery at Goldstar Sugars resumed operations on Sunday 19th of January 2023 in a circular posted by the Group today.  In a circular dat

Feb 22, 2023

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

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

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

Meikles Limited paints upbeat outlook amid robust revenue growth

Diversified ZSE-listed outfit, Meikles Limited Zimbabwe remains optimistic about future growth prospects after displaying commendable revenue growth and hospitality performance for the third quarter e

Feb 16, 2023

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