Dallaglio expects strong full-year profit

PADENGA Holdings ex­pects stronger full-year performance from its min­ing subsidiary, Dallaglio Invest­ments, riding on elevated gold prices and ongoing operational upgrades at Eureka and Pick­stone mines. While group gold production has remained stable, the posi­tive outlook comes as gold pric­es continue to strengthen due to growing investor demand, heightened global economic un­certainty and increased central…

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Zim’s platinum output to remain stable

ZIMBABWE’s platinum production is projected to remain stable this year at 508 000 ounces from 516 000 ounces in 2025, driven by consistent operational output across the country’s major mines, latest data shows. According to the World Platinum Investment Council (WPIC), the 29 000 ounces of build-up of semi-finished inventory, resulting from smelter maintenance at…

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War weighs on global growth

By Craig Stirling, Bloomberg The global economy is showing signs of waning momentum and mounting inflation pressures during its third month of a war-induced energy crunch. Surveys of purchasing managers from…

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El Niño to stall Zim’s economic snapback

PROJECTIONS of El Niño weather patterns for the 2026/2027 season have raised serious concerns about macroeconomic stagnation, rising inflation and a food security crisis in the country going forward. In this regard, experts who spoke to The Financial Gazette — the country’s number one business publication and prime voice for industry and commerce — said…

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Treasury remains bullish on growth

THE Treasury has maintained its five percent growth projection for Zimbabwe’s economy this year despite mounting global shocks. This comes amid growing calls from sections of industry for the Treasury to revisit its 2026 growth forecasts unveiled in November last year, before the outbreak of the US-Israel-Iran conflict that has unsettled the global economy through…

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Delta’s growth hinges on tax dispute resolution

DELTA Corporation (Del­ta) says the outcome of its US$97 million tax dis­pute with the Zimbabwe Revenue Authority (Zimra) will be critical to the company’s future growth, with management warning that settling the liability could force the company to scale back expan­sion plans. The beverages giant, which re­cently reported a record US$1,09 billion in revenue for…

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