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 […]
Cafca profitability under threat from increased competition
CABLE manufacturer, Cafca Limited (Cafca) says the introduction of Statutory Instrument (SI) 157 of 2024, which opened the electrical cable market to imports, has increased competition, eroded margins and suppressed volume growth. According to SI 157 of 2024 issued on September 20, 2024, several products were added to the Open General Import Licence (OGIL) schedule, […]
Old Mutual launches US$12m housing project
OLD Mutual Zimbabwe has unveiled a US$12 million residential development project in Harare, featuring the construction of standalone houses and high-rise residential units, a significant investment in the country’s housing market The project will be completed in phases. The first phase is expected to be completed within 12 to 18 months at a cost of […]