Companies & Markets

INNSCOR Africa (Innscor) says the 0,5 percent increase in value-added tax starting next month is inflationary and has the potential to hurt businesses by impacting consumer purchasing power. This comes as Finance minister Mthuli Ncube, in his 2026 national budget statement last month, proposed several tax changes aimed at boosting public coffers. The standard value…

NMB Bank (NMB) says its US$15 million agrobond is attracting firm demand from local farmers during the current summer cropping season and expects it to be fully disbursed by mid next month. The bank recently secured a five-year US$15 million agrobond, which was privately placed with a European fund, earmarked for supporting the agriculture sector.…

ZIMPLOW anticipates that agricultural equipment sales will enhance the group’s overall income, driven by favourable rainfall during the current 2025/2026 summer cropping season. Zimplow has a diverse business portfolio that includes the manufacture, supply, and after-sales service of equipment for the agriculture, mining, and construction sectors. “The tobacco cropping outlook is very good, and we…

EDGARS Stores (Edgars) plans to produce 1,5 million clothing units next year, representing a 275 percent increase from this year’s production of 400 000 units, supported by investments in factory equipment. Before the capacity expansion programme started three years ago, Edgars was producing around 58 000 units annually. The Victoria Falls Stock Exchange (VFEX)-listed clothing…

CABLE manufacturer CAFCA has shifted from using consignment stock deliveries in export markets to a cash-based model to improve cash flow and minimise exposure to foreign debtors. A consignment-based model refers to a system where the owner (consignor) provides goods to a seller (consignee) but ownership remains with the consignor until the items are sold.…

MEIKLES says its TM Pick n Pay supermarkets will be fully stocked in anticipation of heightened festive season demand, supported by strong working capital. In its financials for the six months to August 31, 2025, the group said its TM Pick n Pay supermarkets segment has already seen a marked increase in trading in the…

OK ZIMBABWE’S revenue for the six months to September 30, 2025 slipped 84 percent to US$28,3 million from US$177,4 million prior year due to continued decline in sales volumes. The retailer saw volume sales tumble 83 percent from 139,88 million units in the prior period to 24,23 million units. “The volume decline resulted from a…

PROSPECT Lithium Zimbabwe (PLZ) remains optimistic about its outlook for next year, driven by the planned completion of its lithium processing plant in the first quarter. The commissioning of the US$400 million lithium sulphate plant will mark full scale operations of PLZ’s twin company, Arcadia Technology Zimbabwe (ATZ). Both entities are owned by Shanghai Stock…

NATIONAL Tyre Services (NTS) is set to voluntarily terminate its Zimbabwe Stock Exchange (ZSE) listing on December 31, 2025 following approval from shareholders. “In terms of Section 15 (d) of the ZSE Listing Requirements, holders of NTS securities are hereby advised that the securities can no longer be traded on the ZSE with effect from…