Trading conditions remained difficult in South Africa, PPC’s largest market, with cement volumes down 5.8% although selling prices rose 8%. The smaller materials business suffered an EBITDA loss of R6
Jun 16, 2023
Khayah Cement formerly Lafarge Cement Zimbabwe Limited, reported a significant increase in cement volumes, with a 117% surge for the six-month period ended 30 June 2023 compared to the same period las
Feb 06, 2024
Pretoria Portland Cement (PPC) has reported a robust group performance for the full year 2023, driven primarily by strong results from its Zimbabwean operations. Cement consumption in Zimbabwe has be
Jun 24, 2024
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
Sep 12, 2024
This was achieved despite liquidity challenges during the quarter as the government tightened spending in local currency through elevated interest rates which curtailed borrowing. The company was awa
Nov 19, 2024
Simbisa Brands, Zimbabwe's largest fast-food outlet, has opened a net total of 57 new company-operated stores between 30 September 2023 and 30 September 2024 with 5 opened in the first quarter of the
First Capital Bank has posted a solid third-quarter performance, driven by a restructuring exercise aimed at enhancing its operating model. In the banking sector, restructuring refers to the process
The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the
Proplastics, a premier plastics products manufacturer and distributor, reported subdued year-to-date (YTD) results for the nine months ended September 30, 2024. The company experienced a 5% contractio
WestProp Holdings, a prominent real estate company's customer contracts have surged by 35% contributing an increase of 11% to its year-to-date revenue in a trading update for the period ended 30 Sept
EcoCash Holdings reported a 185% surge in deposits to ZWG1.37 billion for the six months ended August 31, 2024, compared to ZWG483 million in the corresponding 2023 period. This significant growth wa
Zimplow Holdings Limited reported a 12% decline in topline to US$20.6 million, in the thrird quarter to 30 September 2024 compared to the prior year according to the company’s latest trading update.
NMB Zimbabwe's loan book expanded significantly, with loans and advances surging 110% to ZWG2.7 billion for the third quarter ended September 30, 2024. This growth was driven by the bank's successful
