CONSTRUCTION & PROPERTY

First Mutual Holdings suffers US$27 million loss

Financial services group First Mutual Holdings Limited (FMHL) has reported a significant after-tax loss of US$27.11 million for the financial year ended December 31, 2024, reversing the previous year'...

By Staff reporter | Published: 02 July 2025

ZSE TODAY

ZSE Holdings moves to self-list on main board

The Zimbabwe Stock Exchange Holdings (ZSE Holdings) has officially published its pre-listing statement, confirming its much-anticipated move to self-list on the Zimbabwe Stock Exchange (ZSE) Main Boar...

By Staff reporter | Published: 25 June 2025

INDUSTRIALS & ENERGY

PPC Zimbabwe triples cash holdings, remains debt-free

PPC Zimbabwe has once again demonstrated its financial resilience and operational discipline, closing the financial year ending March 31, 2025, with a debt-free balance sheet and unrestricted cash hol...

By Staff reporter | Published: 11 June 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

BUSINESS NEWS

CBZ Holdings partners ZOC

One of Zimbabwe's leading financial institutions, CBZ Holdings, has entered into a strategic partnership with the Zimbabwe Olympic Committee (ZOC) in a bold move aimed at improving the country's prepa...

By Staff reporter | Published: 09 May 2025

INDUSTRIALS & ENERGY

Chiyangwa's ZECO Holdings after-tax loss widens by 52%

Bulawayo-based engineering firm Zeco Holdings Limited remains in the red after its loss-after-tax widened by 52% to $886 605 in the six months to June 30, 2019, despite undertaking cost-containment me...

By Staff reporter | Published: 10 October 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

TELECOMS & TECHNOLOGY

SI 142 force changes on Cassava shareholding

Smartech Zimbabwe Limited (CSZL) says debentures held by the company's local shareholders will be valued in the local currency in line with recent monetary policy developments.In a statement accompany...

By Staff reporter | Published: 01 July 2019

LANDS & AGRICULTURE

Cyclone Idai costs Ariston Holdings US$1,5 million in damages

ARISTON Holdings Limited (AHL) says Cyclone Idai damaged the company's plantations in the Eastern Highlands, with early indications suggesting that the damage could be worth US$1,5 million."In March 2...

By Staff reporter | Published: 14 June 2019

FINANCIAL SERVICES

ZB's TB holdings up 25%

Half of ZB Financial Holdings Ltd's Treasury Bills (TBs) will mature in the current financial year and the institution will increase its stock of the paper as it becomes available, chief executive Ron...

By Staff reporter | Published: 03 May 2019

FINANCIAL SERVICES

CBZ Holdings sitting on US$2,44bn asset base

CBZ Holdings Limited reported that its asset base grew to US$2,44 billion in the full year to December 2018 from US$2,1 billion in the previous year, making it one of the largest companies by asset si...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

IDCZ disposes stakes in Almin Metal Industries, Stone Holdings

THE Industrial Development Corporation of Zimbabwe (IDCZ) has disposed of its shareholding in Almin Metal Industries and Stone Holdings as part of a restructuring process to be completed this year. Th...

By Staff reporter | Published: 04 February 2019

OPINION

Don't be left holding an empty bag

WHAT has emerged from the hearings into the events of August 1 has shown that the setting-up of the commmission of inquiry was the right step in the circumstances.The hearings have amply demonstrated ...

By CONWAY TUTANI | Published: 30 November 2018

FINANCIAL SERVICES

FMHL to set up reinsurance holding firm in Botswana

ZIMBABWE Stock Exchange-listed First Mutual Holdings Limited (FMHL) will establish a reinsurance holding company in Botswana as it moves to restructure its business and maximise on initiatives to rais...

By Staff reporter | Published: 14 September 2018

POLITICS

Chamisa banned from holding election protest

Police in Zimbabwe have banned the main opposition party from holding a protest outside the country's election commission as tensions rise days before a historic vote.The opposition MDC party planned ...

By AP | Published: 24 July 2018

CONSTRUCTION & PROPERTY

Complex shareholding stalls Zimre bundling

A complicated shareholding structure in Zimre Holdings Limited's regional subsidiaries is stalling the group's move to consolidate all of its operations in new offshore company, Emeritus International...

By Staff reporter | Published: 25 June 2018

BUSINESS NEWS

Mash Holdings reviews land banks

Listed property development firm, Mash Holdings says it is reviewing its land banks as a way of unlocking value for shareholders. The group's chairperson, Ron Mutandagayi said the company will maintai...

By Staff reporter | Published: 04 June 2018

FINANCIAL SERVICES

IDBZ in shareholding wrangle

IDBZ has been embroiled in a shareholding wrangle after being dragged to the High Court by a man claiming to own shares in the financial institution. IDBZ is cited as a respondent while applicant is o...

By Staff reporter | Published: 31 May 2018

FINANCIAL SERVICES

Mudavanhu appointed new CBZ Holdings CEO

CBZ Holdings Limited has appointed ormer Bancabc acting chief, Doctor Blessing Mudavanhu, as its new group chief executive officer.Dr Mudavanhu's appointment is with effect from June 1, 2018.He takes...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

CFI Holdings spills the beans on 28 ZSE counters

THE war pitting CFI Holdings Limited and the Zimbabwe Stock Exchange (ZSE) has taken a dramatic twist with CFI querying its suspension from the bourse when 28 other counters were in breach of the same...

By Staff reporter | Published: 10 May 2018

OPINION

Chamisa must back his democracy claims by holding primary elections

IN the past week, the opposition and their surrogates were in a frenzied excitement over the recently held Zanu-PF primary elections.Their source of excitement was the few cases of hiccups in the proc...

By Nduduzo Tshuma | Published: 09 May 2018

BUSINESS NEWS

TM Holdings offers loans

Gweru-based property developer, TM Holdings, is now offering instant loans to people who are formally employed. The loans can be disbursed within 30 minutes of application. Chairperson of TM Group of ...

By Staff reporter | Published: 27 February 2018

BUSINESS NEWS

Vingirai booted out of Mashonaland Holdings

BUSINESSMAN Nicholas Vingirayi and his appointees to the Mash Holdings Ltd board - Mike Manyika and Michael Mahachi - were yesterday removed from the board at an annual general meeting (AGM) after sha...

By Staff reporter | Published: 23 February 2018

INDUSTRIALS & ENERGY

Beta Holdings under scrutiny

Brick and tile manufacturer, Beta Holdings has come under heavy scrutiny after it failed to deliver products to customers for periods that at times span over six months. This comes as some customers c...

By Staff reporter | Published: 13 February 2018

FINANCIAL SERVICES

Nicolaas Kruger 'steps down' at MMI Holdings

The Board of MMI Holdings has announced that Nicolaas Kruger will be stepping down as CEO of MMI Holdings with effect from 15 February 2018. This decision comes after a few months of discussions betw...

By MMI | Published: 17 January 2018
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