Companies

Companies

Masimba Holdings Puts FY2023 Financial Results on Hold: Currency Shift Causes Reporting Roadblock

Harare- Masimba Holdings Limited, a construction firm, has decided to postpone the publication of its financial results for the fiscal year 2023. The delay is attributed to the company's transition fr

Apr 03, 2024
Zimbabwe
Corporate Action Summary

Fidelity announced that, after being deliberations with the Zimbabwe Stock Exchange (ZSE), the Financial Statements for the year ended 31 December 2023 will be published on or before the 30th of April

 Apr 02, 2024
Companies
BNC Projects Significant Loss in Second Half 2024

indura Nickel Corporation (BNC), a VFEX-listed miner, is expecting a substantial loss in the second half of 2024 following a significant loss of US$18.4 million in the previous fiscal year. This proje

 Mar 26, 2024
Companies
Proplastics Cuts Costs with Internal Funding

ively leveraged internally generated foreign currency to address its foreign obligations, streamline internal operations, and reduce its gearing ratio. Despite the persistently unreliable foreign curr

 Mar 26, 2024
Companies
Axia’s Cost Management Prowess: Defy Headwinds, Maximise Profits

Harare- Axia Limited, a diversified retail enterprise listed on the Victoria Falls Stock Exchange, experiences a 4% decline in revenues for the half year to full year 2024. However, the company succes

 Mar 22, 2024
Companies
Shocking Power Costs: Nat Foods Bites Bullet, Forfeits over US$25M, Eyes Solar Saviour

National Foods Harare- National Foods Zimbabwe Limited, a subsidiary of Innscor Africa, has incurred a significant cost of US$25.7 million during the six months leading up to December 31, 2023, acco

 Mar 22, 2024
Companies
Caledonia Bolsters Leadership Team Ahead of Gold Race

Harare- Caledonia Mining Corporation, the second-largest gold producer listed on the Victoria Falls Stock Exchange, has announced a significant executive board appointment according to its latest circ

 Mar 20, 2024
Corporate Action Summary

The Zimbabwe Stock Exchange (ZSE) announced the trade halt of Truworths Limited shares on the bourse effective 07 March 2024 after the Company applied for voluntary suspension of its securities from t

Mar 11, 2024
Truworths Succumbs to Informal Traders, Seeks Recapitalization

Truworths Zimbabwe Limited published the set of financial results for its full-year ended 09 July 2023 almost 8-months later on the 1st of March 2024. The results reflected a sharp decline in volumes

Mar 06, 2024
Truworths Battles Cheap Imports, Currency Woes, Faces Sales Decline

Truworths Limited, a clothing retailer facing significant survival challenges, experienced a 33% decline in traded volumes for the fiscal year ended 9 July 2023. However, it is important to note that

Mar 05, 2024
Corporate Action Summary

Bridgefort Capital Limited issued a Cautionary Statement on the 1st of March 2024, announcing that the company is in the later stages of concluding the acquisition of Diaspora Kapita (Proprietary) Lim

Mar 04, 2024

Simbisa Scales Up Operations

Simbisa Brands, a well-known quick-service restaurant group, has expanded its footprint across the region by acquiring the Eswatini business which was previously a franchisee and further franchised it

Mar 01, 2024

ZINARA Registers Revenue Growth, Clears Air on Road Rehabilitation

On the 28th of February, 2024, the Zimbabwe National Roads Administration (ZINARA) held a press conference for an operational review of the full-year 2023 to 31 December 2023. The parastatal alluded t

Feb 28, 2024

BNC in Historic Zero Production Record

The question which keeps on banging in investors’ ears and the rest of shareholders is when will BNC revert to its previous years of production triumph. The production loss endured by the company list

Feb 28, 2024

CFI Maize Meal Volumes Augment Amidst El Niño-Induced Drought

Glenara Estates, another subsidiary of CFI Holdings Limited, witnessed an impressive doubling of its potato harvest during the quarter. The harvest yielded 2,989 tonnes, compared to 1,468 tonnes in th

Feb 26, 2024

Corporate Action Summary

TN Asset Management (Pvt) Ltd as the Portfolio Manager, along with the trustees of the Morgan & Co Multi-Sector (MCMS) ETF, declared a dividend of 0.0437 US$ cents per unit payable in respect of the q

Feb 26, 2024

ZIDA Launches Investor DIY Portal, Seeks to Improve Ease of Doing Business

Zimbabwe Investment and Development Agency (ZIDA) has launched an Investor Do-It-Yourself (DIY) electronic portal in a bid to improve the ease of doing business in Zimbabwe, the Chief Executive Office

Feb 22, 2024

Prices Up - Volumes Down, OK Zim Sails in Murky Waters

In a Trading Update for the third quarter ended 31 December 2023, OK Zimbabwe Limited alluded that its overall trading volumes dwindled by a staggering -28% against corresponding period in the prior y

Feb 20, 2024

ART's Quarterly Volumes Decline Again, Faces an Unstable Outlook

Amalgamated Regional Trading Holdings Limited (ART), recorded an overall volumes slump of 9% due to worsening economic headwinds which impacted raw material availability, higher operating costs and li

Feb 19, 2024