In a strategic move to adapt to market challenges, National Tyre Service (NTS) has shifted its focus to personal selling following the closure of four retail outlets at the beginning of the financial

CBZ Holdings experienced a significant contraction in net profitability during the half-year ended June 30, 2024, as total revenue income and tax liabilities escalated substantially. The group's prof

Mashonaland Holdings Limited, a leading property development company’s flagship Pomona Commercial Centre project is now 65% complete according to the company’s financial results for the six months to

South Africa's Rand Merchant Bank conducted research on 31 African countries, producing a ranking chart for the best and worst places for investment among these nations. President Mnangagwa, upon ass

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

African Sun, Zimbabwe's largest hotel group, is gearing up for a significant disposal of assets following the recent sale of two underperforming hotels for $6.9 million. This strategic move aims to op

FBC Holdings’ total income has surpassed ZWG2 billion in the half-year to June 2024 despite experiencing a currency carnage in the first quarter. The group reported ZWG2.1 billion during the period u

NMB Bank's non-performing loan (NPL) ratio rose to 1.2% in the first half of 2024, up from 1.1% at the end of 2023. This increase, coupled with the recalibration of the local currency book following

First Mutual Holdings Limited (FMHL) concluded the first half of 2024 with a significant loss of $33.69 million, a contrast to the $56 million profit reported in the same period last year. This downt

The Retailers Association of Zimbabwe (RAZ) has urged the government to abandon the pegged exchange rate system in favor of a market-determined exchange rate, believing this shift could revitalize the

The Reserve Bank has taken decisive action to curb capital flight and stabilize the formal economy by reducing the amount of foreign currency individuals can take out of the country from US$10,000 to

Rainbow Tourism Group (RTG), the second-largest hotel group after African Sun, has achieved a remarkable occupancy rate of over 50% in the six months ended 30 June 2024.  This marks a historic milest

The Rainbow Tourism Group's financial performance indicates a strong recovery in the hospitality industry. Key profitability measures demonstrate the company's ability to generate revenue and manage c

Zimre Holdings Limited (ZHL Group) is planning to expand its footprint in North Africa, tapping into the vast opportunities presented by the African Continental Free Trade Area (AfCFTA). The group re

Largest hotelier group, African Sun Limited's (ASUN), real estate market performed well during the first half of 2024 (1HY), with its contribution increasing from 2% to 6% and generating an additional

d clients and 10,740 active clients. The number of trades increased by 28.68%, reflecting the growing interest in online trading. ZSE Direct has democratized access to the capital markets, offering

Zimbabwe's local currency, Zimbabwe Gold (ZiG), has taken a worrying plunge to ZiG26.0692 against the US dollar, continuing its downward spiral. Last week, it traded at ZiG25.3578 on October 4, 2024,

Masimba Holdings has achieved significant milestones in the first half of 2024, despite operating in a tough environment characterized by liquidity constraints and heightened exchange rate volatility.

Turnall Holdings increased its capital expenditure (CAPEX) to US$2 million in the half-year ended June 30, 2024, compared to just $72,971 in the same period last year. This investment primarily focus

The world is facing a daunting public debt crisis, with global debt projected to exceed US$100 trillion, or 93% of global GDP, by the end of this year according to the latest data by the International