Companies

Companies

BNC to Appoint New Finance Director Amid Troubling Waters

Bindura Nickel Corporation (BNC), a troubled nickel mining company, is preparing to appoint a new finance director following the resignation of Believemore Hatinzwani Dirorimwe. The company, which ex

Apr 10, 2024
Companies
Currency Woes Cause Delays: VFEX Listed Companies Postpone FY Results Publication

The three listed companies on the Victoria Falls Stock Exchange (VFEX) will delay the publication of their results for the year ended 2023 due to currency-related issues. The delay is attributed to on

 Apr 10, 2024
Companies
Caledonia Quarter on Quarter Gold Production Dips, Sets Tone on Lower Note

Caledonia Mining Corporation, the second-largest gold-producing company, experienced a notable decline in gold production on a quarter-on-quarter basis. In the fourth quarter of 2023, it produced 20,1

 Apr 10, 2024
Companies
Caledonia's FY Gold Declines, Downgrades 2024 Production Outlook

Caledonia Mining Corporation, the second-largest gold producer, has revised its production guidance for 2024 and full-year 2025 due to lower-than-expected gold production in the fourth quarter and ful

 Apr 09, 2024
Zimbabwe
Corporate Action Summary

The Zimbabwe Stock Exchange (ZSE) Limited Depository announced a change in functional currency on the ZSE, which will be implemented effective 08 April 2024 in light of the new structured currency (Zi

 Apr 08, 2024
Zimbabwe
FBC Holdings Shatters Records with Over 1 Trillion in Total Income, Circa 500 Billion in Profit

FBC Holdings, a prominent blue-chip company listed on the Zimbabwe Stock Exchange (ZSE), has reported a total income of ZWL1.3 trillion, representing a substantial 138% increase from ZWL533 billion in

 Apr 03, 2024
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
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
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
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
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

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

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