Companies & Markets

SOUTH African cement producer PPC limited (PPC) says its revenue for the five months to August 31, 2026, ticked one percent year-on-year on positive momentum from its Zimbabwean unit which continues to operate profitably. The group saw sales from its flagship South Africa and Botswana markets slide eight percent, although revenue dropped two percent “reflecting…

HIPPO Valley Estates has cut haulage costs by 17 percent and maintenance expenses by about 45 percent after bring­ing cane transport and truck repairs in-house, unlocking savings from previously idle equipment. The move has reduced the company’s monthly cash outlays, while allowing it to make better use of its exist­ing fleet and workshops, as the…

REGIONAL operations now contribute nearly half of Zimre Holdings’ insur­ance contracts revenue driven by the group’s strategic push to tap opportunities across the broader African market. The Zimbabwe Stock Exchange-listed in­surer, through its regional reinsurance unit, Emeritus Reinsurance currently provides reinsurance solutions in the southern African region, with presence in Zimbabwe, Botswa­na, Malawi, Mozambique, and…

STANBIC Bank Zimbabwe has appointed Louissa Jane Evans as an independent non-executive director, effective September 21, 2026. Evans brings nearly two decades of business experience, in­cluding 13 years at ZIMOCO, where she held executive positions, notably as head of marketing. She is currently general manager responsible for the distribu­tion of Chery, Omoda and Jaecoo vehicle…

FIDELITY Life Assurance of Zimbabwe’s insurance contract revenue declined four percent to US$8,3 million in the six months to June 30, 2026, from US$8,6 million a year earlier, amid slower-than-anticipated conversion of new business. Zimbabwe remained the group’s largest contributor, gen­erating US$5,8 million or 71 percent of total revenue, while Malawi contributed US$2,4 million. Fidelity…

ZECO Holdings more than tripled revenue to ZiG6,28 million in the six months to June 30, 2026, from ZiG2,06 million in the comparative prior year period. The growth in revenue was driven by “increased business activity” across the group. However, cost of sales amounting to ZiG3,8 million wiped over half of total revenue compounded by…

Almot Maqolo AIR Zimbabwe is bank­ing on aircraft and engine maintenance contracts as well as its Hara­re-London and planned Hara­re-Guangzhou routes to drive its turnaround, chief finance officer Tapiwa Zimbveka has said. The State-owned airline ex­pects these ancillary services to contribute about a third of reve­nue to the company. In an interview on the side­lines…

Almot Maqolo CBZ Bank has gone live on the Pan-African Payment and Settle­ment System (PAPSS), providing a payment channel that could support cross-border transac­tions under the newly established ATDC Zimbabwe trade venture. ATDC Zimbabwe is a joint venture between CBZ Holdings and ATDC Dubai, a subsidiary of the African Export-Import Bank (Afreximbank). PAPSS chief executive,…

AXIA Corporation (Axia) has acquired the remaining 12,25 percent stake in automotive spares retailer, Transerv’s mi­nority shareholders, taking its effective shareholding in the business to 100 percent. The transaction, disclosed by Axia in its full year results published last week and which took effect on June 1, 2026, had a purchase consideration of US$1,08 million,…