Bilboes to anchor Caledonia’s 300 000oz gold output target
CALEDONIA Mining Corporation is strengthening its position as one of the biggest gold producers in Zimbabwe, targeting production of 300 000 ounces over the medium term, anchored by the Bilboes project. In 2023, the Victoria Falls Stock Exchange-listed mining group spent US$65,7 million to buy the Bilboes gold project, which is situated in Bubi District, […]
Simbisa absorbs US$1m fast food tax to shield consumers
FAST-FOOD giant, Simbisa Brands Limited (Simbisa) paid close to US$1 million in fast-food tax during the first half of 2025, a levy it chose not to pass on to consumers despite pressure on margins. The tax, introduced on January 1, 2025, applies a 1% charge to all items legally defined as fast food as part […]
Financial services group focuses on sustainability, financial inclusion
OLD MUTUAL ZIMBABWE has said it will continue to look at sectors that support sustainability, such as renewable energy, as part of its responsible investment strategy. Additionally, the group will drive deposit mobilisation and access credit lines to support loan book growth targeting key economic sectors. During a half-year analyst briefing last week for the […]
Masholds prioritises asset growth
PROPERTY developer, Mashonaland Holdings Limited (Masholds), will focus on affordable housing, high-yield projects and asset commercialisation, amid a property market split between strong USD-linked prime rentals and weaker local-currency leases. The real estate sector is projected to expand by 5,4% in 2025, up from 2,1% last year, according to Treasury. According to Masholds, growth is […]
Union turns the heat on RioZim
THE Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) expects RioZim Limited’s board and management is set to lose operational control in the event that the union’s urgent corporate rescue application is granted. The matter is pending before the courts. On April 28, ZDAMWU filed an application at the High Court of Zimbabwe to place […]
Blanket Mine operator seen expanding on bullish targets
Caledonia Mining Corporation, which controls Blanket Mine — one of Zimbabwe’s largest gold producers — along with the Bilboes and Motapa assets, is trading at a premium valuation, underscoring strong investor confidence in its growth trajectory. The company’s price to earnings (P/E) ratio stands at 11,8 times, slightly above the industry average of 11. Market […]