Markets

Zimbabwe

Corporate Action Summary

The Board of Directors of Zimre Holdings Limited (ZHL) announced the appointment of Messrs Richard Morgan and Nicholas Mugwagwa Vingirai to the Board effective 28 July 2023. This follows their electio

Oct 16, 2023
Zimbabwe
Corporate Action Summary

The board of directors of Caledonia Mining Corporation Plc declared a quarterly dividend of 14 United States cents (US$0.14) on each of the Company's shares with a record date of 13 October, 2023. The

 Oct 09, 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
Markets
De Beers' Cycle 8 Rough Diamond Sales Reflect Industry Rebalancing and Increased Marketing Investment

De Beers, a subsidiary of global mining company Anglo American, has reported a provisional figure of $200 million for the rough diamond sales value in its eighth sales cycle of 2023. This figure repre

 Oct 06, 2023
Markets
Turnstar Holdings Limited Reports Strong Growth in Rental Revenues for H1 2023

Turnstar Holdings Limited's trading statement for the half-year period ended July 31, 2023, reveals a significant increase in rental revenues and operational profitability. Despite challenges, the com

 Oct 06, 2023
Markets
Cresta Marakanelo Reports 10% Revenue Growth and Profitability in H1 2023

The leisure segment played a significant role in driving revenue growth, with hotels in popular tourist destinations contributing to the higher ADR. As a result, the group's revenue per available room

 Oct 05, 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
Corporate Action Summary

Simbisa Brands Limited announced that due to various factors that include the change in the Group’s functional currency for the Zimbabwe operations from ZWL to USD, e­ffective 01 July 2022, there has

Oct 02, 2023
Corporate Action Summary

The Board of Directors of Mashonaland Holdings Limited declared an interim dividend of USL128 414, amounting to 0.00761 US cents per share, and ZW$258 980 496, amounting to ZWL0.1535 per share in resp

Sep 25, 2023
Corporate Action Summary

Pursuant to ten previous statements, CBZ Holdings Limited issued a further Cautionary Statement on the 5th of September, 2023, advising all shareholders and the investing public that the Company is st

Sep 18, 2023
Tongaat creditors vote in favour of extension of rescue plan update

Tongaat Hulett’s Botswana, Mozambique and Zimbabwe sugar operations are not financially distressed and therefore continue trading in the ordinary course. These three businesses are funded independentl

Sep 13, 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

An illusion Economy: Measuring Currency Stability with Alternative Markets

During the second week of the highly contested elections in Zimbabwe, the Zimbabwe dollar experienced a depreciation of 1% on the willing buyer willing seller interbank market. Although this depreciat

Sep 12, 2023

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

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

Corporate Action Summary

VFEX listed Bindura Nickel Corporation Limited announced that it will hold its 57th Annual General Meeting (AGM) virtually on Thursday, 28 September 2023 at 0900hrs.

Sep 11, 2023

Zim Dollar Continues to Decline After Contentious Elections

The Zimbabwe dollar experienced a depreciation today, marking the second consecutive week of decline against the US dollar. This follows the contentious election, which has heightened concerns about i

Sep 06, 2023

Corporate Action Summary

Seed Co International Limited announced that it will hold its 23rd Annual General Meeting (AGM) virtually (via the Escrow Group platform) on Wednesday the 20thof September 2023, at 12:30 GMT+2 (Botswa

Sep 04, 2023

First Capital Bank: Soaring Profits and Digital Innovation Propel Success

First Capital Bank Soaring Profits and Digital Innovation Propel Success First Capital Bank demonstrated robust profit growth in the first half of 2023, as its profit after tax skyrocketed by 602% to

Sep 04, 2023