PADENGA Holdings says the ongoing surge in gold prices will significantly improve the group’s annual revenue. Gold spot prices breached the US$4 000 mark in the second half of the year, attributed to increased investor demand for gold as well as strong buying power by central banks. The group operates a mining portfolio, Dallaglio and…
PLAYERS in the mining sector have warned that the restructuring of the gold royalty system will further erode already narrow profit margins and threaten the sustainability of the industry. In the 2026 national budget, Finance Minister Mthuli Ncube proposed a harmonised royalty structure for all gold producers, which includes a three percent royalty fee for…
AXIA Corporation (Axia) reported robust volume sales across major operating units during the first quarter ended September 30, 2025, primarily driven by newly-established store outlets. The group has three operating business units, namely TV Sales & Home (TVSH), Transerv and Distribution Group Africa (DGA), which operates in Zimbabwe, Zambia and Malawi. In the past 12…
CAFCA has streamlined its operations to reduce costs and defend market share as volumes dropped significantly during the year ended September 30, 2025 due to stiffer competition. During the year, the government introduced Statutory Instrument (SI) 157 of 2024 which exposed the market to the influx of cheaper and substandard imported cable products. “We adapted…
NET interest income from lending activities supported FBC Holdings (FBC) in maintaining profitability during the third quarter ending September 30, 2025, even as total income declined by 39 percent to ZiG2,8 billion from ZiG4,6 billion in the same period last year. The bank capitalised on strong credit demand in the economy to boost its loan…
FIRST Mutual Properties (FMP) successfully offset a decline in occupancy levels across its property portfolio through improved US dollar revenue and rental collection rates during the nine months to September 30, 2025. US Dollar-denominated revenue contributed 86 percent of total income, from 76 percent comparable period last year, reflecting the trend across the broader economy.…
AFC Insurance has launched hospital and funeral cash plans aimed at supporting informal sector workers and smallholder farmers who often struggle to cope with unexpected shocks. Zimbabwe’s economy is highly informal, with informal businesses accounting for about 60 percent of GDP. The lack of affordable insurance policies and loans has left many informal workers uninsured…
TURNALL Holdings (Turnall) is projected to break-even at the operating profit level by the end of the year, supported by increased revenue, improved factory operational efficiency and a stable macro-operating environment. The Zimbabwe Stock Exchange-listed fibre cement roofing material maker has recently been struggling for profitability due to inefficient plant and machinery owing to years…
THE Zimbabwe Revenue Authority (Zimra) has exceeded its mid-year net revenue collection target, driven by stronger taxpayer compliance and ongoing reforms to boost efficiency. Throughout the year, Zimra enhanced its tax compliance culture through a broad strategy centred on digital modernisation, risk-based audits, employee training, and greater internal accountability. Key measures included upgrading digital monitoring…
THE country’s property sector has maintained steady growth this year, driven by rising investments from both local and diaspora investors seeking to preserve value and shield themselves from uncertainty surrounding the mono-currency policy. The government, through the Reserve Bank of Zimbabwe, is pushing for de-dollarisation, with timelines set for 2030. However, local investors and businesses…
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