Search results for 'LOSS'
Zimbabwe
Never Too Late? Zimra and Buy Zimbabwe Forge Alliance Against Smuggling Onslaught
In a belated yet potentially pivotal move to stem the hemorrhage inflicted on Zimbabwe's economy by rampant smuggling, the Zimbabwe Revenue Authority (Zimra) has partnered with the buy-local advocacy
Feb 25, 2026
Companies
Willdale Narrows Operating Loss to 1.6 Million, Despite Sales Volumes Falling 50%
Zimbabwe’s biggest listed bricks manufacturer, Willdale Limited has reported an operating loss of ZWG 39.9 million for the half year ended 31 March 2026, equivalent to approximately USD 1.6 million at
Jul 01, 2026
South Africa
Venetia Mine Halted: De Beers Stops Mining at South Africa’s Largest Diamond Operation
De Beers is set to pause production for two years at Venetia, South Africa’s largest diamond mine, after prolonged weakness in rough diamond prices reduced the commercial value of extracting additiona
Jul 14, 2026
Companies
ZCCM-Investments Holdings Swings from $1.5 Bn Profit to $110 Mn Loss: The Real Story Behind the Numbers
ZCCM Investment Holdings, Zambia's only listed diversified mining and energy investment company, reported a net loss of ZMW 2.79 billion, equivalent to USD 110.7 million, for the year ended 31 Decembe
Jul 15, 2026
Companies
CBZ Holdings Operating Income Falls 41% as Expected Credit Loss Charge Rises Sixfold in First Half
CBZ Holdings’ profit after tax fell 20.3% to ZWG691.6 million in the half year ended June 2026 from ZWG868.1 million a year earlier, with the deeper earnings deterioration occurring before tax as high
Sep 03, 2026
Zimbabwe
Zimbabwe Faces 335,000-Tonne Grain Reserve Gap as El Niño Threatens 2027 Food Security
Zimbabwe faces a 335,075-tonne gap in its Strategic Grain Reserve target as government prepares for another potentially severe drought, raising fresh concerns about the country's ability to translate
Oct 30, 2026
Zambia
Strong Kwacha Cuts Zambia Sugar's Profit by 62% as K1 Billion Cash Position Turns Into Overdraft
Zambia Sugar Plc has reported a 62% decline in profit after tax to K616.8 million for the year ended 31 August 2026, as the appreciation of the kwacha, declining international sugar prices and competi
Nov 09, 2026
World
COP31 Opens: Zimbabwe Faces US$29 Billion Climate Investment Needs Amid Global Funding Shortfalls
Zimbabwe is participating in the 31st United Nations Climate Change Conference in Antalya, Türkiye, with approximately US$29.3 billion in identified climate mitigation and adaptation investment requi
1 day ago
Top Stories
UK Opens Audit Market to Zimbabwe as Landmark Agreement Recognises Local Qualifications
Zimbabwean auditors have secured a new pathway into the United Kingdom's professional services market following a mutual recognition agreement between the two countries' audit regulators. The developm
10 hours agoOK Zimbabwe Shareholders Approve ZSE Exit, US$20 Million Recapitalisation Fails to Prevent Corporate Rescue
OK Zimbabwe shareholders have approved the retailer's withdrawal from the Zimbabwe Stock Exchange (ZSE), approximately 16 months after authorising a US$20 million capital raise intended to restore its
1 day agoOver Half of Zimbabwe's Commercial Banks Back Caledonia's US$150 Million Bilboes Financing
Seven of Zimbabwe's 13 commercial banks have joined a US$150 million financing arrangement for Caledonia Mining Corporation's Bilboes gold project, placing approximately 54% of the country's commerci
1 day ago
