BRICK manufacturer Willdale expects its financial performance to improve in the second quarter, supported by a steady recovery in production and the ongoing sale of stands. The group, which has been operating below capacity due to limited access to funding, reported a 36 percent decline in revenue for the first quarter ending December 31, 2025,…
OK Zimbabwe has been placed under corporate rescue after its board of directors determined the company is “financially distressed” and unable to pay its mounting debts. The retail giant initiated the corporate rescue proceedings under Section 122 of the Insolvency Act on February 23, 2026, after a critical breakdown in its supply chain led to…
ACCESS to affordable funding is critical to sustaining record production, as high borrowing costs and low profits continue to weigh down farmers, tobacco growers have said. The remarks come ahead of the sector’s marketing season, which opens next Wednesday. Tobacco Growers Association chairman Bright Bvukumbwe said improved funding arrangements largely drove last season’s record output.…
TIGERE Property Fund (Tigere)’s tenant turnover surpassed expectations during the fourth quarter ended December 31, 2025, driven by the newly acquired Greenfield Retail Centre. The fund, which owns Highland Park phase 1 and 2 and Chinamano corner, acquired two more properties late last year, the Greenfields Retail Centre and Phase 1 of the Zimre Park…
ZIMPLATS says development at its Mupani mineral resource is ‘advancing as planned’ after it spent US$360 million in its second quarter ended December 31, 2025, mainly towards underground infrastructure. The platinum miner, in its quarterly update, said this was, however, against a budget of US$386 million. Mupani Mine, which replaces the depleted Rukodzi and Ngwarati…
AMALGAMATED Regional Trading (ART) is confident that its strategy of raising capital through preserving margins and disposing of non-core assets will yield positive results in the medium term. The group wants to raise resources to fund its retooling programme, which is expected to position the business on a growth trajectory. The paper, stationery, and battery…
ZIMPOST is integrating green mobility solutions into its operations, underpinned by a recent site lease and commercial agreement with Telco Holdings, to facilitate the deployment of electric vehicles. Postmaster General Maxwell Chitendeni announced the transformative deal, which will see Zimpost’s vast network of post offices repurposed into modern, eco-friendly service hubs that integrate clean energy…
SLICE Distributors will soon make forays into the vast African region as part of a broader growth strategy leveraging its diverse product offerings, the company’s general manager for finance and administration, Abena Chasowa, says. The group that owns fast food outlets such as Chicken Slice, Pizza Slice, Creamy Slice and Slice Grill said it plans…
NETONE has reaffirmed its commitment to driving Zimbabwe’s digital agenda through customer-centric innovations and strategic leadership. As the organisation continues on its growth trajectory, recent product enhancements and service rollouts…
LIQUID Intelligent Technologies, a business of Cassava Technologies, has today confirmed the full repayment of its ZAR term loan and USD revolving credit facility. In tandem with this repayment, Liquid…
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