Rising rental yield, occupancy lifts Mashold
Mashonaland Holdings reported an eight percent increase in revenue for the quarter ended 31 March 2026, as stronger rental income, improved occupancy levels and new tenant acquisitions lifted performance.
Diamond miner ZCDC lobbies for exchange control concessions
The Zimbabwe Consolidated Diamond Company (ZCDC) has appealed to government for tax and foreign currency policy relief, warning that worsening global market conditions have pushed the state-owned miner into a growing viability crisis.
Bruno Fernandes: history maker!
Bruno Fernandes has broken the record for the most assists in a single Premier League season after the Manchester United captain set up Patrick Dorgu’s goal against Brighton on the final day of the campaign.
Diversified income lifts ZB
ZB Financial Holdings says its diversified business model helped soften the impact of weaker lending income in the first quarter to 31 March 2026, as liquidity pressures across the banking sector constrained asset growth.
Growth campaigns pay off for Simbisa, customer volumes up 14pct
Simbisa Brands says aggressive marketing campaigns, promotional pricing and product quality improvements drove strong customer traffic growth in the third quarter ended 31 March 2026, helping the quick-service restaurant group expand market share despite mounting operating cost pressures.
Varun Beverages secures 10-year PepsiCo deal, as revenue hits $2.4 billion in Africa
Varun Beverages, which recently commissioned a $20 million snack manufacturing plant in Zimbabwe, is doubling down on Africa’s fast-growing consumer market after signing a fresh 10-year extension of its bottling agreement with PepsiCo following $2.4 billion in annual revenue and a rapid expansion across seven African countries.
Stocks near record high as crude oil drops on Iran
Global stocks climbed to approach a record high as crude oil fell after officials signaled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows. The dollar weakened.
Another South African billionaire linked to presidency
As South Africa’s political succession debate intensifies ahead of President Cyril Ramaphosa’s expected exit in 2029, billionaire businessman Tokyo Sexwale is increasingly being linked to conversations about the country’s future leadership and political direction.
South Africa Mines minister acknowledges power inflation hurting metals industry
South Africa cannot build a downstream metals industry until the problem of high electricity prices is resolved, mines minister Gwede Mantashe said in an address to Parliament on Tuesday.
Tharisa agrees fiscal rules with Zimbabwe for $545 million platinum project
Tharisa has reached an agreement with Zimbabwe on fiscal regulations for its proposed $545m Karo Platinum project, a critical step ahead of concluding its funding.