Search results for 'Logistics'
Technology
Amazon's Arrival Ushers in New Era for South African Retail

The launch of Amazon's online store in South Africa this May marks a watershed moment for the country's rapidly growing e-commerce sector. After years of anticipation, the global retail giant has fin

May 13, 2024
Zimbabwe
Zim Boasts Region's Highest Fuel Prices, Sweats Truck Businesses

Despite the challenging economic environment marked by inflationary pressures and exchange rate volatility in Zimbabwe, the country still boasts the most expensive fuel prices in the Southern African

May 28, 2024
Companies
Unifreight Africa Expands Fleet, Posts Profit Growth in 2023

In a strategic move to strengthen its transport logistics operations, Unifreight Africa Limited has deployed an additional 50 FAW 380FT Truck Tractors with Afrit Tautliner Trailers into the local and

Jun 04, 2024
Companies
TSL Expands Exports to Zambia, Drought Weighs on Agricultural Operations

SL Limited, a diversified conglomerate with operations spanning agriculture, logistics, and real estate in Zimbabwe has expanded its export footprint by establishing a new market in Zambia according t

Jun 27, 2024
Companies
Riding the Dollar Wave: TSL's US$ Revenue Climbs 83% in Q3

TSL Limited has achieved a commendable performance in the third quarter ended 31 July 2024, with group revenue rising by 13% year-over-year. This growth was largely driven by increased volumes in the

Sep 18, 2024
Companies
Unifreight Expands Cross-Border Operations, Introduces 4PL SBU to Boost Efficiency

Unifreight Africa Limited is strategically diversifying its operations to mitigate the challenges posed by rising operating costs, which surged by 12% in the first half of 2024. This increase, driven

Oct 01, 2024

Top Stories

Can Caledonia Meet Its Gold Targets by Year-End?

Caledonia Mining Corporation, a leading gold producer, has reported a third-quarter gold production of 18,992 ounces from 21,772 ounces produced in the comparable quarter due to lower grade and reduce

8 hours ago

Delta Posts 11% Revenue Growth, Defying Economic Challenges

DELTA Corporation , the leading beverage manufacture has posted an increase in revenue to $389.1 million for the half year ended September 2024 from US$350.6 last year. This led to a profit after tax

1 day ago

Rising Reserves, Waning Performance: The Dilemma of Zimbabwe's Currency

The Reserve Bank of Zimbabwe (RBZ) announced that the reserves backing the Zimbabwe Gold (ZiG), the fourth currency introduced in nearly a decade, have surpassed US$500 million, reaching US$509 millio

Nov 12, 2024

Double Trouble for Delta's Beer: Sorghum Struggles at Home, Abroad

Delta Corporation, a blue-chip entity listed on the Zimbabwe Stock Exchange (ZSE), has encountered significant headwinds in its sorghum beer segment, resulting in diminished sales volumes domestically

Nov 11, 2024

A Billion-Dollar Quarter: CBZ’s Q3 Performance

Largest bank by deposits and assets, Commercial Bank of Zimbabwe Holdings (CBZ) has recorded an exceptional Q3 performance ended September 30, characterized by billion-dollar revenues, according to th

Nov 10, 2024

Pathway to Recovery: BAT’s Q3 Under Glance

British American Tobacco (BAT) Zimbabwe, a producer and marketer of premium cigarette brands, is prioritizing cost reduction as a strategic initiative aimed at returning to profitability. The company

Nov 08, 2024

Glimmer of Hope: Zim’s Oct Gold Surge Revives Year-End Target

Zimbabwe's October gold deliveries surged 22% from September and 12% above October 2023, reaching 4,168 kgs. Small-scale miners produced 3,143 kgs, up from 2,404 kgs in September, while large-scale m

Nov 07, 2024

Smoke and Mirrors? ZiG Strengthens for Third Consecutive Day, Takes in 9% Gains

The Zimbabwe Gold (ZWG) currency has exhibited an appreciation on the formal market, recording its third consecutive gain on November 6, 2024. The currency surged 3% from 26.99 to 26.01, translating

Nov 06, 2024