The funding will be used to repay the overdue balances to Jarcon Opencast Mining Botswana (Pty) Ltd, which will enable Minergy to continue operations in a reduced sales environment.
May 24, 2023
Gold and Diamond mining firm, listed on the Zimbabwe Stock (ZSE) RioZim Limited has posted another decline in gold production during the first quarter ended 31 March 2023 owing to headwinds both at ma
Listed clothing retailer, Truworths Zimbabwe Limited has introduced United States Dollar (US Dollar) credit sales effective the 1st of April 2023 to offset losses through inflationary pressures and re
Axia Corporation released their trading update for the third quarter ended March 2023, demonstrating satisfactory performance despite facing significant exchange rate volatility and economic distortio
Simbisa Brands released their trading update for the third quarter ended 31 March 2023, demonstrating the group’s resilience in the face of significant economic headwinds. The fast-food giant reported
In conclusion, Zimpapers' first quarter trading update paints a challenging picture for the media group, but the company remains optimistic about the future. The management's commitment to improving t
Zimbabwe Stock Exchange (ZSE) - listed timber grower, Border Timbers is set to commission new sawmilling equipment by in June 2023 to ramp up production and replace the old-ageing machines. The deve
On the 18th of May, 2023, Caledonia Mining Corporation Plc entered into an "At the Market" or "ATM" sales agreement with Cantor Fitzgerald & Co in which Caledonia may, at its discretion from time to t
Extractor and distributor of coal and coal related products, Hwange Colliery Company Limited has recorded a 92.7% increase in coal mined during the three months to 31 March 2023 buoyed by a strong dem
The Zimbabwe Stock Exchange (ZSE)- listed microfinance outfit, GetBucks Microfinance Bank Limited says the embattled Zimbabwe dollar remains the biggest challenge affecting business viability througho
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
Hospitality Group, Rainbow Tourism Group Limited has reported an increase in revenue both in US dollar denominated terms and Zimbabwe dollar terms for the first three months to March 31 2023 while hot
ransport and logistics Company, Unifreight Zimbabwe Limited says the recent measure put by Finance and Development Minister, Professor Mthuli Ncube that except 11 basic goods from paying tax is a disr
Rubber and Chemicals producer, General Beltings Holdings Limited recorded volumes decrease across all units during the three months to March 2023 due to depressed power supplies which curtailed produc
One of the leading tobacco companies, British-American Tobacco (BAT) has recorded volumes decline during the first quarter ended 31 March 2023 due to depressed consumer spending. Overall volumes decl
Following a series of dampened productivity and decreased sales since the first quarter of 2022, Cement maker, Lafarge Cement Zimbabwe has finally posted volume growth for the first quarter ended 31 M
Following the accusations that South Africa’s government supplied weapons to Russia by the United States, Rand’s performance has been dismal. After the accusations, the Rand flopped to trade at 19
First Mutual Properties a subsidiary of First Mutual Holdings which specialises in the development and management of commercial properties says the rapid depreciation of the local currency remained a
However, there are challenges that must be overcome to ensure the success of these initiatives. One of the biggest challenges is the lack of regulatory frameworks and policies that support the growth
