BUSINESS NEWS

Caledonia profit jumps 243%

Jersey-domiciled gold producer Caledonia Mining Corporation has reported a 243,8% surge in profit after tax to US$53,41 million for the nine months ended September 30, 2025, driven by record gold pric...

By Staff reporter | Published: 12 November 2025

BUSINESS NEWS

Mobile data vanishes amid soaring Telecom profits

"Where did my data go?" - it's a question on the lips of thousands of Zimbabweans as their mobile data mysteriously disappears, even as profits for major telecommunications operators like Econet, NetO...

By Staff reporter | Published: 03 November 2025

BUSINESS NEWS

Zimbabwe business struggles to maintain profitability

Recent financial results indicate that profit margins across Zimbabwe's listed companies have generally softened, reflecting mounting cost pressures and a challenging policy environment, according to...

By Staff reporter | Published: 09 October 2025

EDUCATION

Zimbabwe schools profiteering from uniforms

The Competition and Tariff Commission (CTC) has launched an investigation into alleged restrictive practices by Queen Elizabeth School, following claims that the institution compels parents to purchas...

By Staff reporter | Published: 29 September 2025

INDUSTRIALS & ENERGY

Zeco returns to profit on revenue surge

ENGINEERING firm Zeco Holdings Limited has posted a profit after tax of ZiG3.16 million for the half-year ended June 30, 2025, reversing a loss of ZiG1.65 million during the same period last year. The...

By Staff reporter | Published: 12 September 2025

BUSINESS NEWS

ZB posts solid profit

Financial services group ZB Financial Holdings has reported a strong set of results for the half-year ended June 30, 2025, demonstrating resilience amid a challenging economic environment.The group's ...

By Staff reporter | Published: 03 September 2025

FINANCIAL SERVICES

BancABC swings to profit

African Banking Corporation of Zimbabwe Limited (BancABC) has returned to profitability, posting a profit after tax of ZiG146,6 million for the half year ended June 30, 2025, reversing a loss-making p...

By Staff reporter | Published: 19 August 2025

FINANCIAL SERVICES

Fidelity Life records jump in profit after tax

Fidelity Life Assurance Zimbabwe has reported a sharp rise in profit after tax to US$6,1 million for the year ended May 30, 2025, more than doubling the US$2,4 million recorded in the prior period. Th...

By Staff reporter | Published: 12 August 2025

FINANCIAL SERVICES

Zimbabwe banking sector profits drop

Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 millio...

By Staff reporter | Published: 08 August 2025

FINANCIAL SERVICES

ZB Financial Holdings posts ZiG261.94 million profit

ZB Financial Holdings (ZBFH) has posted a strong financial performance in the first quarter of 2025, recording a profit after tax of ZiG261.94 million, underpinned by effective cost containment strate...

By Staff reporter | Published: 15 May 2025

INDUSTRIALS & ENERGY

ZHL profit surges to US$10m

Zimre Holdings Limited (ZHL), a leading financial services group, has reported an impressive 471% increase in profit after tax, reaching US$10.33 million for the financial year ended December 31, 2024...

By Staff reporter | Published: 16 April 2025

MINING & RETAIL

Colliery bounces back to profitability

HWANGE Colliery Company Limited (HCCL) is on the rebound after posting a profit of $3,5 million in the first half of 2019, recovering from a loss of $23 million recorded in 2018.The troubled firm had ...

By Staff reporter | Published: 11 October 2019

FINANCIAL SERVICES

CBZ posts 300% jump in net profit

ZIMBABWE'S largest financial services group CBZ Holdings Limited recorded a 301% increase in profit-after-tax to ZWL$137,4 million in the six months ended June 30, 2019 from a comparative 2018 of ZWL$...

By Staff reporter | Published: 01 October 2019

MINING & RETAIL

Govt to withdraw licences for profiteering businesses

GOVERNMENT is going to withdraw operating licenses of shops that are profiteering and give them to "patriotic" people, Defence and War Veterans Welfare deputy minister Victor Matemadanda has said.Spea...

By Staff reporter | Published: 09 July 2019

INDUSTRIALS & ENERGY

CFI holdings Limited reports ZWL$7,2 million profit after tax

CFI holdings Limited reported a profit-after tax of ZWL$7,2 million in the half-year to March 31, 2019, up from ZWL$2,1 million posted over the same period last year, driven by growth in earnings from...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

Mnangagwa threatens profiteering businesses

President Emmerson Mnangagwa has threatened to come down hard on shops that are refusing to slash prices after his government last week dumped the decade-old multi-currency system and re-introduced th...

By Staff reporter | Published: 03 July 2019

TRANSPORT & TOURISM

Fastjet's hope for profit pinned on Zimbabwe currency

Low-cost African airline Fastjet Plc expects to be profitable on an underlying basis in 2019, Chief Executive Officer Nico Bezuidenhout said on Thursday, a year after a cash crunch nearly drove the ca...

By Staff reporter | Published: 02 July 2019

TELECOMS & TECHNOLOGY

TelOne records 125% untaxed profit

FIXED telecoms giant, TelOne, extended its streak as one of only a few shining beacons among usually poor performing State-owned enterprises after untaxed profit jumped 125 percent to $1 million in th...

By Staff reporter | Published: 01 July 2019

CONSTRUCTION & PROPERTY

Lafarge emerges from loss position to post US$1,3m profit

Lafarge Cement Zimbabwe Limited reversed its prior year-after-tax loss of US$0,6 million to a profit margin of US$1,3 million in the year-ended December 31, 2018, driven by growth in revenue and an e...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

Zimpapers profits up 68%

ZIMBABWE'S biggest diversified media group, Zimbabwe Newspapers (1980) limited's profit for the year ended December 31, 2018 surged 68 percent to US$3,8 million compared to US$2,4 million recorded in ...

By Staff reporter | Published: 30 April 2019

INDUSTRIALS & ENERGY

Silo realises high profits from small grains

THE unbundling of the Grain Marketing Board (GMB) under the Government's public enterprise reform programme is already paying dividend, with Silo Food Industries realising high profits from small grai...

By Staff reporter | Published: 29 April 2019

TRANSPORT & TOURISM

African Sun records $10,1m profit

AFRICAN Sun says it recorded a 110 percent increase in profit to $ 10,135 million during the year ended December 31, 2018 compared to $4,816 million achieved in prior period driven by both an increase...

By Staff reporter | Published: 27 April 2019

FINANCIAL SERVICES

Stanchart posts 38% improvement in profit-after tax

STANDARD Chartered Bank Zimbabwe (Stanchart) has posted a 38% increase in profit-after-tax to US$18,36 million in the full year ended December 31, 2018, driven by the bank's digitisation strategy.The ...

By Staff reporter | Published: 26 April 2019

FINANCIAL SERVICES

BancABC doubles profits on increased lending

BANCABC'S after tax profit increased more than two-fold to US$10,8 from US$5,2 million in the full year ended December 31, 2018, driven by growth in net interest income as the bank upped its lending.I...

By Staff reporter | Published: 24 April 2019

FINANCIAL SERVICES

Life assurance profits down 63% in Q3

ZIMBABWE'S life assurance industry recorded 68 % decline in after tax profits to $314,85 million in the nine months to September 2018 compared to $979,27 million during the same period in 2017, the in...

By Staff reporter | Published: 08 January 2019
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