World

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
Nampak's Growth Prospects in 2024: Analyzing the Key Factors at Play

Nampak Zimbabwe, the packaging firm, displayed impressive financial growth as its revenue surged by a remarkable 46% to ZW$573.78 billion for the full year ending on September 30, 2023. This substanti

 Jan 09, 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
Gold Surges to New Historic Highs

Gold, a safe haven asset, experienced a 3.1% surge to reach US$2,100 in the early hours today. However, it later relinquished a significant portion of those gains, though it still reached new record h

 Dec 04, 2023
World
Gold Caps November with Bullish Rally

Gold prices have concluded the month of November 2023 above the notable threshold of US$2040 per ounce, buoyed by the geoeconomic fragmentation and the Federal Reserve's easing of interest rates. Sin

 Nov 30, 2023
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
Zimbabwe’s Electricity Woes Pose Yuletide Gloom

Harare - Zimbabwe finds itself mired in an ongoing electricity crisis that shows no signs of abating, now expected to persist throughout the festive period. The situation is compounded by multiple fac

 Nov 16, 2023
Global Economic Highlights: Key Data Releases and Events to Watch in the Week Ahead

n the upcoming week, the world eagerly anticipates the release of crucial economic data and key events from major economies, including the United States, China, Eurozone, Canada, Japan, and the United

Nov 13, 2023
State of the Zimbabwean Banking Sector : The Chase to Zero

During the first half of 2023, the banking sector experienced notable changes in various key indicators. One such indicator was the aggregate total loans, which saw a significant increase of 9.76% in

Oct 23, 2023
Zimplow Sales Surge Amidst Profitability Challenges

Zimplow's sales of goods, reached an impressive ZWL44.7 billion  Zimplow achieved a gross profit margin of approximately 46.54% Zimplow is now making significant strides towards acquiring a 49 percent

Oct 07, 2023
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

Zimbabwe Sparkles As it Secures 7th Place in Global Diamond Mining

Harare - In the global diamond mining landscape, Zimbabwe claimed a notable position, ranking 7th in both rough diamond production measured in carats and diamond production by value. In 2022, Zimbabwe

Oct 07, 2023

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

Extractive Sector Boom Driving Zim's Electricity Needs

Harare - As September unfolds its chapters, a captivating tale of power generation unfolds, with the baton passing from the Kariba power station to the Hwange Power station. This dramatic shift

Oct 03, 2023

Global Sugar Crisis: Can Zimbabwe Leverage Opportunity?

The global sugar industry is currently grappling with adverse El Nino weather conditions, leading to a substantial projected deficit in major producing countries such as Europe, China, India, Thailand

Sep 25, 2023

EU Suspends Funding for Zim

The European Union has discontinued its financial assistance of US$5 million to the Zimbabwe Electoral Commission (ZEC), the electoral body of the country, in the aftermath of the contested 2023 gener

Sep 20, 2023

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

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

The Impact of SADC’s Zim Election Shaming, What’s Next?

In an unprecedented yet expected move, the Southern African Development Community (SADC) observer mission has criticised Zimbabwe’s local government, national assembly and presidential election, sayin

Aug 25, 2023