Zimbabwe
Fizzing Festive Sales: Delta Sets New Records, But Sugar Tax Casts Bitter Shadow
Harare - Delta Corporation experienced unprecedented sales of soft drinks and beer during the Christmas season, setting new records. However, the company is concerned about the potential impact of a "
Jan 25, 2024
World
Battling the Abyss: Ariston Holdings Limited Records a Whopping ZWL$33 billion Loss
Harare - Ariston Holdings Limited faced a formidable challenge as its loss position widened to a staggering ZWL$33 billion in the full year that ended on September 30, 2023, compared to a loss of ZWL$
Jan 10, 2024
World
The Brick Dilemma: Willdale Limited's Struggle with Power Outages and Intense Rivalry
Persistent power outages throughout the year had a profound and adverse effect on the production and sales volumes of Willdale Limited, a prominent brick manufacturer. Consequently, the company's oper
Jan 09, 2024
World
Battle of the Heavyweights : Innscor's Bold Move Challenging Delta's Opaque Beer Hegemony
Delta's Revenue soared by 164% to ZWL1.9 trillion in HY'24 Nyathi Beer opaque beer production at 30 000 hectolitres against Delta's 350 000 hectolitres Innscor possesses the firepower to rival Delta's
Nov 20, 2023
World
Breaking Point MetBank's Troubles Deepen as Interest Income and Non-Interest Revenue Drop
MetBank incurred a net interest expense of ZWL 3.8 billion The bank recorded an operating loss of ZWL 51 billion MetBank's profitability was primarily driven by a fair value gain on investment prop
Oct 07, 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
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
World
Fostering Regional Energy Synergy: South Africa and Namibia Forge Strategic Partnerships
Harare - In a landmark ministerial-level meeting, South Africa and Namibia, both esteemed members of the Southern Africa Development Community (SADC), embarked on a collaborative exploration of energy
Aug 21, 2023
World
Sugar Rush: Hippo Valley Estates Rides Wave of Rising Revenues Despite Turbulent Economic Tides
Harare - Hippo Valley Estates Limited, a sugarcane grower and sugar producer, recently unveiled its trading update for the first fiscal quarter ended June 30, 2023. The company's financials reveal
Aug 17, 2023