Companies & Markets

TSL’S revenue increased eight percent to US$42,9 million in the nine months to July 31, 2026, driven by improved performance in agricultural trading, packaging and tobacco marketplace businesses. In its trading update for the nine months ended July 31, 2026, operating profit before tax also rose eight percent to US$12,9 million. Agricura’s crop chemical volumes…

GETBUCKS Microfinance Bank expects new digital products and upgraded information technology systems to support a recovery in profitability in the second half of 2026 after earnings slumped in the first six months. Profit after tax fell to ZiG6,2 million from ZiG30,9 million, hit by declining interest income, lower fees and weaker returns from its gold-backed…

Prisca Tshuma TIGERE Real Estate Investment Trust (REIT) investors have backed the fund’s scrip dividend option, enabling it to retain capital to pursue an aggressive expansion strategy aimed at reaching a US$100 million net asset value by year-end. Results released this week showed that unitholders representing 91,48 percent of the fund’s units elected to receive…

MASHONALAND Holdings is shifting towards phased, demand-led property developments and the refurbishment of existing assets as high construc­tion costs and limited access to affordable long-term funding constrain new projects. In a statement accompanying its financial re­sults for the six months ended June 30, 2026, board chairperson Grace Bema said the group was priori­tising occupancy, tenant…

                                      MUTAPA Energy Resources (Mutapa) expects to have a financing plan in place by December this year for an estimated US$400 million development of a lithi­um sulphate plant at its Sandawana Mine in the Midlands province. The company is a specialised com­modity vertical under Mutapa Invest­ment Fund, the country’ sovereign wealth fund. The downstream project…

THARISA has secured US$300 million in debt financing for its Karo Platinum Project in Zimbabwe, clearing a major funding hurdle as construction progresses towards first ore in the fourth quarter of 2027. The London- and Johannesburg-listed mining group successfully priced a five-year senior secured Nordic bond carrying an annual coupon of 11 percent. According to…

FIRST Capital Bank (FCB)’s full year profit is projected to reach US$33,99 million, up 13 percent year-on-year sup­ported by balance-sheet growth, a larger customer base and higher funded income, equity research firm IH Securities says. The bank’s total income is ex­pected to hit US$92,89 million for the year. The forecast follows a stronger first half…

RENTAL collections at Revitus Property Opportu­nities Real Estate Investment Trust (Revitus) rose 18 percent in the year ended December 31, 2025, driven by tighter credit controls and improved tenant perfor­mance. In a statement accompanying the REIT’s financial results for the year, Revitus said collections at prop­erties, mainly Pioneer and Electra House, improved, while refurbishment of…

HAZEL MARIMBIZA In Bulawayo DELTA Beverages is banking on its new Zambezi Mist beer to capture changing consumer tastes for lighter refreshment and breathe new relevance into the established Zambezi brand. The brewer says changing consumer preferences are reshaping the beer landscape, with consumers increasingly looking for refreshment that combines quality and flavour with a…