Business

RioZim Rejects Corporate Rescue Bid, Cites Previous Court Victory in Defence

RioZim Limited has moved to dismiss a fresh application seeking to place the company under corporate rescue, calling the claims unsubstantiated and pointing to a similar case it successfully defended last year. In a statement released on 4 May 2026, the mining group said shareholder Tendai Rwodzi, who holds 1,500 ordinary shares representing 0.0012% of […]

Kavango Resources Strengthens Zimbabwe Operations in 2025 as Hillside Advances Toward Commercial Production

Kavango Resources delivered a year of operational progress in 2025, expanding its Zimbabwe workforce and advancing the Hillside gold project, where a 50-tonne-per-day processing plant is currently under construction. The forecast also accounts for capital expenditure completion at Hillside, the transfer and release of escrow funds at the Nara project, and planned expenditure in Botswana. […]

Cultivating Futures, Seed Co’s Career Day Signals Shift from CSR to Strategic Talent Development

By Aldridge Dzvene HARARE – At first glance, Seed Co Limited’s inaugural Career Guidance Day may appear as a routine corporate social responsibility outreach. Yet, beneath the motivational tone and student engagement lies a deeper strategic recalibration, one that positions human capital development not as charity, but as an essential pillar of corporate sustainability and […]

IPEC Cancels Heritage Life’s Licence Over Regulatory Breaches

The Insurance and Pensions Commission (IPEC) has cancelled the registration of Heritage Life Limited as a life assurance company, effective immediately. The decision follows persistent non-compliance with regulatory requirements, including failure to meet minimum capital requirements, poor asset quality, and inadequate corporate governance. Despite engagements with IPEC, Heritage Life had neglected to address these issues, […]

CORPORATE RAIDERS CIRCLE RIOZIM AGAIN

Zimplats Reports Quarterly Results: Production and Costs Update

Zimplats Holdings Limited has released its quarterly report for the period ended 31 March 2026, highlighting key developments in production, costs, and major projects. The company recorded one lost-time injury (LTI) during the quarter, with management committed to achieving a zero-harm workplace. Mined volumes decreased by 1% from the prior quarter but improved 17% year-on-year. […]

Datvest Modified Consumer Staples ETF Delivers Strong Performance

The Datvest Modified Consumer Staples Exchange Traded Fund (Datvest ETF) has announced a strong financial performance for the year ended 31 December 2025, with a 45% year-on-year growth in the fair value of equity investments. The Fund’s inflation-adjusted net asset value after tax increased to ZWG9,400,831, up from ZWG7,262,622 in the prior year. The historical […]

Geo Pomona Wins Top Energy Award at ZITF 2026

By Aldridge Dzvene Geo Pomona Waste Management has been awarded the Best Zimbabwean Energy Exhibit at the Zimbabwe International Trade Fair 2026, in recognition of its innovation in waste to energy solutions and contribution to sustainable development. The award was presented by the President of the Republic of Botswana, His Excellency Advocate Duma Boko, to […]

Chegutu Cement Plant Powers Zimbabwe’s Industrial Drive, Targets Import Substitution and Price Stability

Zimbabwe’s industrialisation agenda under Vision 2030 is gaining tangible momentum, with the Shuntai Investments cement project in Chegutu emerging as a strategic anchor in the country’s push for self-sufficiency in construction materials. Valued at approximately US$120 million, the project has moved beyond early-stage constraints and is now advancing rapidly toward full operational status. Construction is […]

General Beltings Records Profit Despite Subdued Volumes

General Beltings, a leading manufacturer of rubber and chemical products, has announced a profit for the year ended 31 December 2025, despite experiencing subdued volumes. The company’s chairman’s statement highlights the challenges faced by the business, including the impact of the global economic environment, tariff structures, and the ongoing conflict in the Middle East. The […]