Companies & Markets

DELTA Corporation (Delta) says it will remain listed on the Zimbabwe Stock Exchange (ZSE) despite concerns over its share price valuation. The beverage maker stressed that only investors will determine the ‘right’ price. This comes as market analysts insist the company’s share price is trading below historical averages and not consistent with its stellar operational…

DAIRIBORD Holdings (Dairibord) says it is focusing on growing its production capacity through several capital projects already underway that will improve product availability. The milk and dairy products producer is set to commission a new steri-milk line filling and processing line in Chipinge in the final quarter of the year, which is projected to produce…

FIDELITY Life Assurance (FLA) says its Vaka Yako housing product continues to drive new business, contributing 80 percent of its life and pensions business revenue. Launched in 2022, the Vaka Yako product enables individuals in Zimbabwe to progressively acquire a stand or house, with monthly payments starting at US$45. Ideally, the group treats the housing…

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…

ZIMRE Holdings (Zimre) says it remains committed to maintaining and building foreign investments that leverage on regional integration and trade policies. The group said it is actively pursuing a capital raise for its reinsurance subsidiary, Emeritus International Reinsurance, as the centrepiece of its strategy to boost its continental presence. “As we close 2025, the group…

CALEDONIA Mining Corporation says the changes in the royalty regime, from last week’s 2026 national budget, will adversely impact profitability. Under this new system, gold producers will pay a royalty of three percent if the price is up to US$1 200 per ounce (oz), five percent for prices between US$1 201 to US$2 500/oz, and…

FIRST Capital Bank delivered a solid financial performance during the third quarter of 2025, posting a 14 percent growth in total income to US$64,8 million for the nine months ended September 30, 2025. The Victoria Falls Stock Exchange-listed firm’s total deposit base expanded by 26 percent year-on-year to US$199 million, while its loan portfolio grew…

PPC Zimbabwe reported a 25 percent increase in sales volumes during the half year to September 30, 2025, driven by growing demand in the market and the introduction of a 30 percent surcharge on cement imports in May. The cement maker said in US dollars, revenue at PPC Zimbabwe increased at the same rate as…

AXIA Corporation (Axia) is pursuing expansion into new regional markets as part of its growth strategy, aiming to capitalise on emerging economic opportunities. The group, which owns TV Sales & Home (TVSH) and Transerv, already has a regional footprint through its distribution and logistics subsidiary, Distribution Group Africa (DGA), which operates in Zimbabwe, Zambia and…

KUVIMBA Mining House (KMH) says it has so far spent about US$3 million to extend the operational lifespan of its three gold mines. Kuvimba’s gold cluster comprises Freda Rebecca Gold Mine, Shamva Gold Mines and Jena Mines. Freda currently has a mine life of about five years. The primary goal is to extend the mine’s…