Search results for 'Mining Sector'
Companies
The Only Loss-Making Entity in the 'Gold'en Era: RioZim's Crisis Deepens

RioZim, once Zimbabwe’s preeminent gold producer, has faced a precipitous decline, with 2024 financial losses escalating to ZWG 628.5 million, a sixfold increase from ZWG 107.7 million in 2023. Gold

Jun 09, 2025
Companies
Illicit Capital Floods Zimbabwe’s REITs: Tigere Maintains Full Occupancy Amid Concerns

A concerning surge in illicit capital inflows and fuel arbitrage, is increasingly being channelled into Zimbabwe’s urban commercial property market, including the real estate investment trust (REIT) s

Jul 29, 2025
Companies
CAFCA Grapples with Weak Sales as Global Metal Prices ,Local Competition Bite

Zimbabwe Stock Exchange–listed cable manufacturer CAFCA Limited has reported a 14% slump in sales volumes year-on-year, despite a strong quarter-on-quarter rebound of 31% in the third quarter ended 30

Aug 20, 2025
Companies
Kavango Resources Secures US$3 Million to Fast-Track Zimbabwe Gold Projects

Kavango Resources Plc has entered a crucial phase of its Zimbabwe strategy, raising £2.2 million (US$2.9 million)  on the London Stock Exchange through a placing and subscription to accelerate the tra

Sep 15, 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

14 hours 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

1 day ago

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

1 day ago

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