HAZEL MARIMBIZA In Bulawayo DELTA Beverages is banking on its new Zambezi Mist beer to capture changing consumer tastes for lighter refreshment and breathe new relevance into the established Zambezi…

THE People’s Own Savings Bank (POSB) says it is prioritising export financing for local businesses in line with the government’s push for increased valued-added exports and deeper penetration in regional markets. The Mutapa Investment Fundowned lender already has a combined US$20 million war chest from the African Export and Import Bank (Afreximbank). Speaking at the…

KAVANGO Resources has appointed Zimbabwean Jasper Mu­sadaidzwa as chief executive and executive director with imme­diate effect. The southern Africa-focused metals exploration and gold production company owns the Hillside and Nara gold proj­ects in Zimbabwe.Musadaidzwa brings more than 27 years of mining experience, including 17 years with AngloGold Ashanti, where he held senior operational and executive…

ZESA Limited (ZESA) has appointed a new 11-member board following the restructuring and consolidation of the ZESA Group into a single, ver­tically integrated electricity utility. The appointments, effective April 1, 2026, were made by shareholder Mutapa Investment Fund. Albert Joel Nduna has been appointed chairper­son, while Ntokozо Mkandla is the vice chairper­son. The board includes…

SIBANYE-Stillwater has reversed R581 million of impairment on its 50 percent-owned Mimosa platinum mine in Zimbabwe following higher commodity prices that improved the operation’s expected future cash flows and recoverable value. The reversal was recognised after an updated life-of-mine as­sessment indicated stronger future cash flows with the gross af­ter-tax equity-accounted reversal amounting to R783 million…

CALEDONIA Mining Cor­poration (Caledonia) is set to finalise its US$150 million interim bank facility with local and South African financial institutions later this month. The facility forms part of the group’s broader financing plan announced in January, which is aimed at funding the development of its flagship Bilboes gold project in Zimbabwe. The Jersey-headquartered gold…

Mishma Chakanyuka   ARISTON Holdings’ (Ariston) tea pro­duction plunged 70 percent to 532 tonnes in the third quarter ended June 30, 2026, as funding constraints and reduced harvesting activities weighed on output. This was down from 1 770 tonnes produced during the same period last year, putting pres­sure on the group’s tea sales volumes. As…