Markets

Markets

Cresta Marakanelo Reports 10% Revenue Growth and Profitability in H1 2023

The leisure segment played a significant role in driving revenue growth, with hotels in popular tourist destinations contributing to the higher ADR. As a result, the group's revenue per available room

Oct 05, 2023
World
Unleashing Zimbabwe's Platinum Potential A Promising Frontier in the Global Market

Unleashing Zimbabwe's Platinum Potential A Promising Frontier in the Global MarketHarare - Zimbabwe's platinum producers are poised to reap significant benefits from the surging global demand for the

 Oct 03, 2023
Zimbabwe
Corporate Action Summary

Simbisa Brands Limited announced that due to various factors that include the change in the Group’s functional currency for the Zimbabwe operations from ZWL to USD, e­ffective 01 July 2022, there has

 Oct 02, 2023
Zimbabwe
Corporate Action Summary

The Board of Directors of Mashonaland Holdings Limited declared an interim dividend of USL128 414, amounting to 0.00761 US cents per share, and ZW$258 980 496, amounting to ZWL0.1535 per share in resp

 Sep 25, 2023
Zimbabwe
Corporate Action Summary

Pursuant to ten previous statements, CBZ Holdings Limited issued a further Cautionary Statement on the 5th of September, 2023, advising all shareholders and the investing public that the Company is st

 Sep 18, 2023
Zimbabwe
Tongaat creditors vote in favour of extension of rescue plan update

Tongaat Hulett’s Botswana, Mozambique and Zimbabwe sugar operations are not financially distressed and therefore continue trading in the ordinary course. These three businesses are funded independentl

 Sep 13, 2023
World
Gold Prices Drop Amid Inflation Report Anticipation

Gold prices have declined to below $1,910 per ounce today, reaching their lowest point in approximately three weeks. This drop comes as investors exercise caution while awaiting a crucial US inflatio

 Sep 13, 2023
An illusion Economy: Measuring Currency Stability with Alternative Markets

During the second week of the highly contested elections in Zimbabwe, the Zimbabwe dollar experienced a depreciation of 1% on the willing buyer willing seller interbank market. Although this depreciat

Sep 12, 2023
Insuring Zimbabwe's Future : Short-Term Coverage Vital for Business Stability and Investment Growth

Zimbabwe has a low insurance penetration rate of 2.6% Potential impact of El Niño and the need to strengethen the insurance sector in the country The GPW surged by 263%, rising from ZW$7.49 billion to

Sep 11, 2023
Dollar Index Retreats as Market Awaits Inflation Data

The dollar has dipped to 105 from 104 last week with the highest being achieved in July at 99.9 as investors adopted a cautious approach while awaiting important U.S. inflation data. The upcoming rele

Sep 11, 2023
Corporate Action Summary

VFEX listed Bindura Nickel Corporation Limited announced that it will hold its 57th Annual General Meeting (AGM) virtually on Thursday, 28 September 2023 at 0900hrs.

Sep 11, 2023

Zim Dollar Continues to Decline After Contentious Elections

The Zimbabwe dollar experienced a depreciation today, marking the second consecutive week of decline against the US dollar. This follows the contentious election, which has heightened concerns about i

Sep 06, 2023

Corporate Action Summary

Seed Co International Limited announced that it will hold its 23rd Annual General Meeting (AGM) virtually (via the Escrow Group platform) on Wednesday the 20thof September 2023, at 12:30 GMT+2 (Botswa

Sep 04, 2023

First Capital Bank: Soaring Profits and Digital Innovation Propel Success

First Capital Bank Soaring Profits and Digital Innovation Propel Success First Capital Bank demonstrated robust profit growth in the first half of 2023, as its profit after tax skyrocketed by 602% to

Sep 04, 2023

Political Uncertainty and Currency Volatility Threat

Following the pronouncement of debatable election results for the presidential polls held on the 23rd of August, 2023, Zimbabwe has plunged into an atmosphere of uncertainty which has had a ripple eff

Aug 30, 2023

ZSE Implements Operational Changes to Enhance Liquidity, Price Discovery

In its ongoing efforts to bolster liquidity, facilitate price discovery, and align with international best practices, the Zimbabwe Stock Exchange Limited (ZSE) has announced operational changes effect

Aug 30, 2023

Corporate Action Summary

Wednesday, 23 August 2023, was declared a public holiday for the purposes of polling for the 2023 harmonised elections. The Zimbabwe Stock Exchange (ZSE) was therefore closed on Wednesday and resumed

Aug 28, 2023

Corporate Action Summary

In a Trading Update for the 3rd quarter ended 30 June, 2023, ARTD recorded a 54% growth in inflation adjusted revenue to ZWL75.2 billion. The growth was attributed to inflation pricing, which counter

Aug 21, 2023

Gold Prices Hit 5-Month Low

Gold prices started the week on a downward trend remaining below the US$1900 per ounce mark and approaching their lowest levels in the past five months as investors brace themselves for the annual gat

Aug 21, 2023