Companies

Companies

Caledonia Delivers Record Q2 Gold Production, Earnings More Than Doubles

aledonia Mining Corporation, the second-largest gold producer, has reported a record gold output of 20,773 ounces (648 kg) during the second quarter ended June 30, 2024. This has taken the company's

Aug 14, 2024
Companies
Willdale Grapples with Depressed Q3 Performance Amid Load-Shedding, Fierce Competition

Leading bricks manufacturer, Willdale Limited Zimbabwe, has posted a depressed Q3 performance for the third quarter ended 30 June 2024, owing to intensive load-shedding and low working capital. The c

 Aug 14, 2024
Companies
Seed Co Starts FY25 Bullish Amid Improved Rainfall Prospects

Seed Co Limited, Zimbabwe's largest seed company, has started the 2025 fiscal year on a positive note, reporting increased sales volumes, revenue, and operating profit in its first quarter. This enco

 Aug 06, 2024
Companies
Caledonia Slashes Diesel Usage by 62%, Boosts Sustainability Efforts in 2023

aledonia Mining Corporation has made significant strides in promoting environmental, social, and governance (ESG) practices and corporate governance in 2023 by having slashed diesel usage by 62% as pa

 Aug 02, 2024
Companies
Mash Holdings Appoints Kudakwashe Musundire as CEO, Appoints new CFO

Mashonaland Holdings Limited, a leading prominent property investment and development company has appointed  Kudakwashe Musundire as the company's new Chief Executive Officer, effective August 1, 2024

 Aug 02, 2024
Companies
CFI Grapples with Informal Rivalry, Drought-Induced Challenges

CFI Holdings has faced significant challenges in its operations, citing high competition from unregistered informal market players and the impact of drought conditions in the six months to 31 March 20

 Jul 31, 2024
Companies
Ariston's Sweet Pot: Tea Soars, Macadamia Powers Earnings in Q3

Ariston Holdings Limited, a prominent agricultural company, has reported a significant surge in tea production during its latest third quarter trading update for the period ended June 30, 2024. The c

 Jul 30, 2024
Shumba Energy Advances Key Energy Projects in Botswana Amidst SADC Region's Power Needs

In its latest quarterly market update for the period ended 30 June 2024, Shumba Energy Ltd., an energy development company based in Botswana, has provided an in-depth look into its ongoing projects an

Jul 29, 2024
Sugar Tax, Drought Weighs Heavily on Delta's Performance

Delta Corporation, a leading beverages manufacturer with over 80% market share, has seen its performance heavily affected by the sugar tax introduced by Finance and Economic Development Minister Mthul

Jul 29, 2024
Turnall Holdings Announces Resignation of Managing Director

Turnall Holdings Limited has announced the resignation of John Mkushi from his position as Managing Director, effective August 1, 2024. Mkushi had previously served as the Managing Director and then

Jul 25, 2024
Tanganda Sustains Profitability Despite Depressed HY Performance

Tanganda Tea Company, the leading diversified tea enterprise listed on the Zimbabwe Stock Exchange, has demonstrated remarkable resilience in navigating the challenges of the 1HY ended 31 March 2024.

Jul 19, 2024

Varun Beverages Expands into Snacks: Targets $177 Million Zimbabwean Market

run Beverages, the second-largest PepsiCo franchise bottler globally, is venturing into the snacks business after a successful performance in the beverages segment. The company, founded in 1995 and h

Jul 16, 2024

Econet Scales Up Network Quality Amid Industry Flux

Econet Wireless Zimbabwe, the largest telecoms operator in the country, has made significant strides in enhancing its service provision during the first quarter ended 31 May 2024. The company has com

Jul 16, 2024

Auditor General's Report Exposes Widespread Parastatal Graft

Since attaining independence, one of the major problems Zimbabwe has been facing is corruption. The issue dates back to the Willowgate Car scandal in 1988, which implicated top government officials. T

Jul 15, 2024

Is Caledonia Loosing Grip to Padenga?

Caledonia Mining Corporation, the second-largest gold producer in the country, has reported a 19% increase in gold output during the second quarter of 2024, reaching 588.9 kilograms. This performance

Jul 15, 2024

Star Africa seeks redemption: Can the pot sweeten in 2025?

Star Africa Corporation, the second-largest sugar producer in Zimbabwe, which is also the largest independent sugar producer is seeking to redeem its operational and commercial performance in the 2025

Jul 11, 2024

Production Woes Plague Zimbabwe Sugar Giant, Recovery Inevitable

Hippo Valley Estates Limited, a prominent player in Zimbabwe's sugar industry, has reported a sluggish financial performance for the fiscal year under review. The company, a subsidiary of Tongaat Hule

Jul 04, 2024

Seed Co Leverages Poor Sales with Exports, Introduces New Resistant Varieties

Seed Co Zimbabwe, the largest operating seed company, has leveraged increased export sales of maize seed in 2023 to offset the impact of recurring El Niño-induced drought spells that affected local ma

Jul 03, 2024

High Operating Costs Weigh on Willdale Operations, Despite Macro Challenges

Willdale Limited, a prominent manufacturer and marketer of clay brick products within the Zimbabwean building and construction sector, has reported a weaker financial performance for the half-year per

Jul 02, 2024