Companies

Companies

Willdale Reports Strong Revenue Despite Challenges

Willdale Limited, a brick maker in Zimbabwe, has reported robust revenue growth of 83% to ZWL 20 billion during the nine months leading up to June 2023, despite the challenges posed by exchange rate d

Aug 17, 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
Companies
Challenging Start: Hippo Valley's Q1 Production Declines

Sugar producer, Hippo Valley Estates witnessed a 10.6% decrease in production to 57,427 during the first quarter ended 30 June 2023. This decline was attributed to delayed deliveries by farmers due to

 Aug 16, 2023
Companies
Ariston Wraps Up 500Kva Solar Project

Ariston Holdings, a prominent agricultural Group, has successfully concluded a solar project commissioned in July to mitigate the impact of power challenges on production costs and output. The decisio

 Aug 16, 2023
Zimbabwe
Corporate Action Summary

Econet Wireless Zimbabwe Limited announced the appointment of Tatenda Alice Ngowe to the position of Group Company Secretary with effect from 01 August 2023. Tatenda has been a part of the Econet Grou

 Aug 16, 2023
Companies
Zimplats’ Investment Pays Off

In the realm of platinum group metals (PGMs), Zimplats Holding Limited, a distinguished industry frontrunner has reaped benefits involving the commissioning of the third concentrator during the first

 Aug 11, 2023
Companies
Nampak Defy Challenges to Achieve Growth

Nampak Zimbabwe Limited, a distinguished entity listed on the Zimbabwe Stock Exchange (ZSE), has maintained profitability in the 9 months to June 2023 despite facing power and supply constraints chal

 Aug 11, 2023
Tanganda Q3 Production Crumbles

Tanganda Tea Company, a company listed on the Zimbabwe Stock Exchange (ZSE), has faced significant challenges in its production across key categories, attributed to a combination of natural and macro

Aug 11, 2023
GetBucks Contemplates Delisting from ZSE Over Burdensome Costs

GetBucks Bank, a prominent financial institution in Zimbabwe, is considering the termination of its listing on the Zimbabwe Stock Exchange (ZSE) as it believes maintaining the listing on the ZSE is p

Aug 10, 2023
Zim Dollar Sustains Deficits for Consecutive Two Weeks

On the RBZ-governed Auction Market, the Zimbabwean dollar experienced a negative performance, marked by a 0.4% depreciation on August 8th, taking it to two straight sessions of depreciation. The curre

Aug 09, 2023
NTS Records Substantial Loss in FY23

National Tyre Services (NTS) has concluded its fiscal year 2023 with a substantial loss of ZWL577 million, representing a stark reversal from the prior year's profit of ZWL208 million. This significa

Aug 07, 2023

Corporate Action Summary

The Board of Directors of African Sun Limited announced the appointment of Lloyd Mhishi as the Lead Independent Director, effective 1 August 2023. Lloyd was appointed to the African Sun Board on 1 May

Aug 07, 2023

Nedbank Brings American Express to Zimbabwe, Unlocking New Growth in Tourism

Nedbank Zimbabwe becomes the first AMEX Acquirer in Zimbabwe 40% of tourists to Zimbabwe carry American Express cards Amex Card Holders spend three times more than non-cardmembers Harare - Nedbank Zi

Aug 07, 2023

Tigere REIT Thrives Amid ZHL's Entry into REIT Market

Tigere REIT, a leading real estate investment trust in Zimbabwe, recently released its half-year results for the period ending 30th June 2023. These results offer a fascinating insight into the compan

Aug 04, 2023

Completion of Highland Park Project Imminent: Tigere

Tigere, a distinguished ZSE-listed real estate investment trust, is poised to complete its Highland Park Phase 2 undertaking in Q4 2023 indicating another noteworthy milestone in the company's propert

Aug 03, 2023

OK Zimbabwe Further Delays Results Amid ERP Transition

Preeminent retailer, OK Zimbabwe Limited, has once again deferred the announcement of its full year results, which were originally slated to be released on or before 31 March 2023, and were subsequent

Aug 01, 2023

Audit Challenges Extend Star Africa's Wait

Star Africa Corporation, a sugar manufacturer, has announced a further delay in the publication of its full-year financial results. The company has revised its expected publication date from the initi

Jul 31, 2023

Corporate Action Summary

Padenga Holdings Limited announced that an Extraordinary General Meeting (EGM) of its members will be held at 1000 Hours on Wednesday, 16 August 2023, at the Royal Harare Golf Club, situated at 5th St

Jul 31, 2023

Delta Corporation Poised for Massive Growth

Delta Corporation Limited, the leading beverage company listed on the Zimbabwe Stock Exchange, has announced a $71 million investment aimed at boosting its production efficiency and profitability. Giv

Jul 27, 2023