The report highlights the company's strong balance sheet, with cash on hand increasing by US$36.8 million to US$242.6 million, resulting in a net cash position of US$141.5 million, which will support

The concrete foundation pouring is progressing well, with earthworks nearing completion. The pilot mining has commenced, and operational tests will soon begin. Long-lead items manufacturing is progres

The Zimbabwe dollar has sustained the recovery trend on formal market after firming by 5% on the latest auction market from ZWL4998.8352 during the previous week to ZWL4771.3854 during the week under

Diversified retail outfit, Meikles Limited Zimbabwe has expanded its property portfolio in the full year to 28 February 2023 after the completion of various projects. Meikles Limited, which is into re

Mining firm, Caledonia Mining Corporation has halted the Bilboes Mine operations as the project is not generating sufficient revenues or cash flows to justify its continuation. The halt is effective O

Tongaat was recently at the centre of a storm involving accounts manipulation and gross mismanagement by the management, which dearly costed the company. Over the recent past, the Rudland brothers hav

On July 28th, the Central Bank issued a circular outlining the resolutions reached during the monetary policy meeting held on that day to evaluate the efficacy of recent policy interventions implement

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

The Zimbabwe dollar has witnessed its first depreciation during the first trade in August after a period of five consecutive weeks of appreciation against the US Dollar according to the latest data fr

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

The multi-year deal between Botswana and De Beers will significantly increase the supply of precious stones to the country. As other African nations, such as Zimbabwe, explore their diamond resources,

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

Zimbabwe experienced negative month-on-month inflation for the second consecutive month in August, although there was an increase of 9.1 percentage points. According to the latest data from the count

With a deep understanding of the cement industry and a proven leadership skillset, Mr. Cardarelli is well-positioned to steer PPC towards sustainable profitability. His appointment follows a comprehen

The South African rand has undergone a substantial decline, breaking the 19 mark and reaching its lowest level in almost three months, at US$19.2. This decline in the South African rand occurs concurr

This presents a unique opportunity for countries like Zimbabwe, which has seen a slight increase in platinum supply amid challenges faced by other major producers. Zimbabwe exports nickel mattes large

Star Africa Corporation, a sugar producer listed on the Zimbabwe Stock Exchange (ZSE), has reported a loss after tax of ZWL2 billion for the full year ended 31 March 31 2023. This represents a signifi

Nampak Zimbabwe, a leading manufacturer of plastic packaging products, is aiming to increase its capacity with the acquisition of an eight-colour printer for self-opening paper bags from Bullpak. This

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

In the latest report from the World Platinum Investment Council, Zimbabwe's platinum output for Q2 2023 experienced a significant 2% increase (+2 koz) compared to the same period last year, reaching 1