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…

PFUMA Real Estate Investment Trust (REIT) posted a 48 percent quarterly increase in income to US$1,53 million during the second quarter of 2026 driven by rentals and funds raised ahead of its listing on the Victoria Falls Stock Exchange (VFEX). Pfuma, which listed on the VFEX in February this year with a US$22,1 million seeded…

ZB FINANCIAL Holdings (ZBFH) plans to accelerate lending in the second half of the year after a stronger balance sheet boosted its capacity to create qual­ity assets. The group’s total assets rose 21,5 per­cent to ZiG19,5 billion in the six months to June 30, 2026, from ZiG16,1 billion at December 31, 2025, driven by growth…

OLD Mutual Zimbabwe (Old Mu­tual) is repurposing properties in central business districts (CBDs) and commercial centres to accommodate smaller businesses in line with structural changes in the economy. This comes as the mainstream econ­omy is being eroded by informalisation resulting in weaker demand for tradi­tional formal office and retail space by businesses. The strategy, which…

PROPLASTICS says it is prioritis­ing protecting margins and stabi­lising supplies as rising input costs and global supply chain disruptions con­tinue to weigh on the business operating environment. The ZSE-listed plastic pipes manu­facturer endured “mixed trading condi­tions” in the six months to June 30, 2026, characterised by increased pressure on costs, prompting the group to activate…

THE Infrastructure Development Bank of Zimbabwe (IDBZ) plans to accelerate revenue diversification and tighten cost controls after project implementation delays weighed on income generation during the first half of 2026. The development bank said projects under imple­mentation were yet to generate repayments, prompting management to focus on converting its project pipeline into bankable transactions and…

TN CYBERTECH Bank raised US$3,8 million through the tokenisation of ‘illiquid’ 150 Fairview Estate residen­tial properties in Ruwa, marking one of the most innova­tive investment models in Zimbabwe’s property and fin­tech space. The tokenisation, which was conceptualised late last year by the bank, also reflects the growing appe­tite for digitally-administered investment products in the market.…