Search results for 'Turnaround'
Companies
First Mutual Properties Swings to US$1.4m Profit in HY25, Erases US$60m Loss
First Mutual Properties Limited (FMP), the Zimbabwe Stock Exchange–listed real estate investment and development group, has achieved one of the sharpest earnings reversals on the bourse, swinging from
Sep 23, 2025
Companies
OK Zimbabwe Market Update: Revenue Remains Below Break-Even, 3 More Stores to Close
Retail giant OK Zimbabwe Limited has released a crucial market update, providing shareholders and stakeholders with a transparent view of its ongoing battle to return to financial health. Following ca
Nov 21, 2025
Zambia
Zambian Breweries Stages Dramatic Turnaround with US$15.1 Million Profit Amid Regional Beverage Boom
ambian Breweries Plc has delivered a remarkable full-year recovery, posting a consolidated net profit of ZMW 294.769 million (≈US$15.1 million) for the year to December 2025, reversing a substantial Z
Mar 12, 2026
Companies
MBZ's Profit Turnaround Amidst Qualified Audit Opinion: A ZWG248Mn Prior Period Error Reshapes 2024 Numbers
NMBZ Holdings Limited has swung from a restated loss of ZWG205 million in 2024 to a profit after tax of ZWG251 million in FY2025, a turnaround that looks decisive until the audit opinion is read caref
Apr 07, 2026
Companies
ZIMPLOW CEO Willem Swan Steps Down, Chaibva Takes Over as Losses Narrow, Profitability Still Pending
Zimplow Holdings Limited has announced the resignation of Group Chief Executive Officer Willem Swan with effect from 1 May 2026, replacing him immediately with Charles Chaibva, currently the Group Com
May 11, 2026
Top Stories
Zimbabwe Poverty Lines Drops Significantly Despite Monetary Stability, Growth Across Many Metrics
The Zimbabwe National Statistics Agency has put the Food Poverty Line for one person in May 2026 at ZWG 916.59 per month, which translates to USD 36.66 per month or USD 1.22 per day using the formal m
7 hours agoZimbabwe Records Biggest Manufacturing Growth in Southern Africa: But Slips in AfDB Industrialisation Rankings
The African Development Bank's Africa Industrialisation Index 2025, which ranks all 54 African countries on the depth, quality, and diversification of their industrial development, has delivered a ver
8 hours agoOperationally Viable, Financially Irretrievable: The Harsh Reality for JSE-Listed Firms in Zimbabwe
Pick n Pay, one of South Africa's largest listed retailers, says its Zimbabwe operations remain fully impaired, a designation that has been in place since 2024, when the group stopped incorporating th
1 day ago
