Search results for 'challenges'
Zimbabwe
Navigating the Wild Side: Unveiling Zimbabwe's Corporate Landscape, Willdale’s 2023 FY Results, and the Path to Prosperity
Despite the obstacles encountered, Willdale experienced a remarkable surge in its inflation-adjusted revenue in 2023. The company's revenue reached a staggering ZWL 37 billion, a whopping 106% increas
Jan 03, 2024
World
The Brick Dilemma: Willdale Limited's Struggle with Power Outages and Intense Rivalry
Persistent power outages throughout the year had a profound and adverse effect on the production and sales volumes of Willdale Limited, a prominent brick manufacturer. Consequently, the company's oper
Jan 09, 2024
South Africa
Truworths International Reports 8.2% Increase in Retail Sales Amid Economic Challenges
Truworths International Limited (TRU.J) on Monday reported an 8.2% growth in retail sales for the 26-week period ended 31 December 2023. The South African-based fashion retailer revealed that its reta
Jan 29, 2024
Zimbabwe
Zimbabwe's Ariston Holdings Weathers Challenges, Reports Growth in Tea and Macadamia Sales
The trading update highlighted the unfavorable climate conditions in the first quarter, with below-average rainfall and extremely hot weather impacting agricultural operations. However, the weather im
Jan 29, 2024
Zimbabwe
Zimbabwe's Inflation Surges to 6.6% in January 2024, Consumer Prices Continue to Rise
Zimbabwe's Consumer Price Index (CPI) soared to 120.67 in January 2024, representing a month-on-month inflation rate of 6.6%. This indicates a significant increase from the December 2023 rate of 4.7%.
Jan 29, 2024
Zimbabwe
Starafrica Corporation Faces Uphill Battle Amid Challenging Business Environment
Starafrica Corporation, a prominent participant in the sugar industry, has recently disclosed its performance, which mirrors the multitude of hurdles it encountered during the period ended September 3
Feb 06, 2024
World
Lithium's Wild Ride: Zimbabwe Lithium Ambitions Disrupted by Volatile Global Markets
As the world grapples with geo-economic fragmentation due to the Middle East's crisis and the Russia-Ukraine War, the future of lithium remains uncertain. Despite the global push for a carbon-free eco
May 29, 2024
Companies
Price Controls Squeeze Meikles Retail Sells: As Consumers Flock to Informal Market
Food security is a critical component of a stable currency and economy. Everyone in a society must spend money on food, regardless of their income level. In an inflationary environment like Zimbabwe,
Jun 24, 2024
Zimbabwe
Zimplats Delivers Solid Performance Amid Challenging Conditions for Impala Platinum
Zimplats, which is 87% (June 2023) owned by Implats, increased its 6E (platinum, palladium, rhodium, ruthenium, iridium and gold) matte production by 5.7% to 646,000 ounces. This solid performance was
Aug 08, 2024
Top Stories
Year-to-Date Tobacco Update: Rakes in $1 Billion, Exports Surge, 30% Increase in Growers
Zimbabwe's year-to-date tobacco exports have raked in US$1 billion exceeding the US$960 million recorded in 2023 according to Tobacco Industries Marketing Board. The country shipped approximately 187
Nov 05, 2024