Search results for 'Hotels'
South Africa
City Lodge Hotels Limited sees rebound in tourism as demand patterns normalise

The average room rate has also rebounded, with high single digit percentage increases against the equivalent 2019 rates. The May year to date average room rate for 2023 is 12% higher than the prior co

Jun 20, 2023
Companies
Meikles Seeks Approval for Major Asset Disposal

Meikles Limited, one of Zimbabwe's largest diversified conglomerates, has announced that it is seeking shareholder approval for the disposal of certain key assets at a future Extraordinary General Mee

Jun 26, 2024
Companies
Capitalizing on Recovery: ASUN Sells Underperforming Hotels for $6.9 Million to TD Hotels & Leisure

Zimbabwe’s largest hotel group, African Sun Limited (ASUN) is disposing two of its hotels: the Great Zimbabwe Hotel, located in Masvingo, and the Beitbridge Express Hotel, situated in Beitbridge accor

Sep 04, 2024
Companies
Iconic Monomotapa Hotel Put on Sale

The iconic Monomotapa Hotel has officially been placed on the market, as announced by its parent company, African Sun. This development was disclosed through a circular posted on the Victoria Falls St

Nov 06, 2024
Companies
RTG Revenue Surges 15% in H1 2025 on Acquisitions, Refurbishments

Rainbow Tourism Group Limited (RTG), the second-largest hotelier group in Zimbabwe has seen a 15% uptick in revenue during the first half of 2025, entering the second half on higher-note. The increas

Sep 10, 2025

Top Stories

Nampak's Volumes Down 5%, Cash Up 264% as Balance Sheet Strengthens in Tough Year

Nampak Zimbabwe, the country’s dominant packaging manufacturer, delivered a classic tale of top-line pressure and bottom-line resilience for the financial year ended 30 September 2025. Group sales vol

1 day ago

Zimbabwe's Exports Surpass $1 Billion for First Time, Imports Steal the Show at $1.03 Billion

Zimbabwe has achieved a historic milestone in October 2025, with monthly exports surpassing the US$1 billion threshold for the first time, reaching US$1.02 billion. This represented a strong 20.2% mo

Dec 08, 2025

Econet Flags “Gross Undervaluation” as Board Eyes Possible "ZSE Delisting"

Zimbabwe’s largest telecommunications company, Econet Wireless Zimbabwe, has issued a cautionary statement to shareholders announcing that its board is evaluating strategic corporate actions that cou

Dec 08, 2025

ZiG Defies Gravity: On Track for Best Annual Performance in 25 Years

Zimbabwe is experiencing one of the most remarkable gold production surges in its history, achieving a record 36.48 tonnes in 2024 after a dip to 30.1 tonnes in 2023, with 2025 now firmly on track to

Dec 05, 2025

Fiscal Fiasco to Gold Reckoning: Zimbabwe’s Boom Finally Pays the Treasury

Zimbabwe is experiencing one of the most remarkable gold production surges in its history, achieving a record 36.48 tonnes in 2024 after a dip to 30.1 tonnes in 2023, with 2025 now firmly on track to

Dec 04, 2025

Seed Co International Narrows Half-Year Losses by 93% in HY 2026

Seed Co International Limited (SCIL) has delivered its strongest interim performance in years after narrowing its loss for the six months to 30 September 2025 to  US$0.2 million, an improvement  from

Dec 04, 2025

You Win, We Take: Govt Doubles Down With 25% Betting Tax

Finance Minister Mthuli Ncube has proposed to raise the tax on betting winnings to 25% from the current 10%, according to the 2026 National Budget, marking a significant escalation of government’s eff

Dec 04, 2025

Mthuli’s 2026 Budget : Drops Tax Hammer on Miners, Hands Citizens the Keys to Gold

Finance, Economic Development and Investor Promotion Minister, Professor Mthuli Ncube has tabled the most aggressive mining tax reforms since dollarisation, aimed at lifting the sector’s effective con

Dec 03, 2025