The Markets Ledger

Decoding Business & Markets

[The Markets Ledger @TML_Zw]

South African factory set to supply 80% of the world’s Vaseline Petroleum Jelly after $6 million expansion

A South African factory is set to supply approximately 80 percent of Unilever’s global Vaseline Petroleum Jelly volume following an expansion that strengthens Africa’s role in the production of one of the world’s most recognisable skincare products.
https://t.co/jUA7zAsXzg

[The Markets Ledger @TML_Zw]

WestProp hits $15 million H1 revenue, delays exit offer deadline

WestProp Holdings has moved the closing date of its exit offer for minority shareholders to 9 October, as it nears the end of its restructuring. The Victoria Falls Stock Exchange-listed property group recorded $14.9 million in revenue for the half-year ending 30 June, up 16.3 percent from $12.8 million posted in prior comparable period.
https://t.co/NBfGRKTxPC

[The Markets Ledger @TML_Zw]

Range Rover boss says the brand has one thing no one can copy

Range Rover global managing director Martin Limpert says the brand’s top models feature a unique electrostatic sound system developed specifically for the vehicles, backed by a dedicated sound engineer: “a completely new technology that nobody else uses.”
https://t.co/TuKKow2xlI

[The Markets Ledger @TML_Zw]

ZSE’s Bgoni appointed VP of African Securities Exchanges Association

ZSE Holdings group chief executive Justin Bgoni has been appointed vice president of the African Securities Exchanges Association (ASEA).
https://t.co/Yqt2CI72DT

[The Markets Ledger @TML_Zw]

Tsingshan's Zimbabwe steel unit partners with state rail firm to boost haulage capacity

The Zimbabwean steelmaking unit of Chinese metals giant Tsingshan Holding Group on Monday signed a partnership deal with the ​National Railways of Zimbabwe (NRZ) to expand capacity for coal ‌and steel haulage, the state logistics company announced.
https://t.co/Qy90PV8ugE

[The Markets Ledger @TML_Zw]

Premier African Minerals to raise £1.2m for Zimbabwe project

London-listed Premier African Minerals has completed a subscription to raise about £1.2-million before expenses through the issue of 27.52-billion new ordinary shares of nil par value in the capital of the company at an issue price of 0.00436p per new ordinary share.
https://t.co/wJGRcgP0Jv

[The Markets Ledger @TML_Zw]

World's largest stadium twice the size of Anfield takes shape in $38bn build

Extraordinary images have emerged showing the building works for what is set to become the world’s largest stadium. Construction of the 135,000-seater VinFast Trong Dong Stadium in Hanoi, Vietnam, began nine months ago.
https://t.co/ThJ1WJrLJv

[The Markets Ledger @TML_Zw]

China shuts hundreds of banks as Beijing moves to shore up its financial system

China is accelerating its consolidation of smaller, mostly rural banks in a bid to shore up its financial system, amid ongoing concerns over an economic slowdown in the country.
https://t.co/lj9mrPDj3m

[The Markets Ledger @TML_Zw]

RioZim focuses on mine expansion, debt restructuring

RioZim is turning its attention to rebuilding production capacity and restructuring its balance sheet after restoring operations at its key mines during the first half of 2026.
https://t.co/mESEIWRYmY

[The Markets Ledger @TML_Zw]

General Beltings battles cheaper imports

General Beltings is being forced to rethink its production strategy as a credit squeeze and rising local operating costs have made it increasingly difficult for the company to compete with cheaper imports during the first half of 2026.
https://t.co/kNaDKUqXXl

[The Markets Ledger @TML_Zw]

Econet InfraCo posts US$70m revenue, to launch flagship property projects in Q4

Econet Wireless Zimbabwe’s spin-off, Econet InfraCo, posted US$70 million in revenue for the half-year ended 31 August 2026, with the infrastructure company targeting to expand its base station network and launch key property projects in the fourth quarter.
https://t.co/8t3jRlFY4x

[The Markets Ledger @TML_Zw]

Zimbabwe to cancel import duty on food as cushion from El Nino

Zimbabwe plans to cancel duty on food imports to help cushion prices from the impact of potential crop shortages caused by the El Nino weather pattern, said Finance Minister Mthuli Ncube.
https://t.co/qs0y8m4Vyu

[The Markets Ledger @TML_Zw]

Dangote targets 10 million investors with IPO marketing blitz

Aliko Dangote, Africa’s richest man, is racing to attract 10 million investors to the Dangote Petroleum Refinery’s initial public offering, with a marketing blitz that has swept across Nigeria’s commercial hub.
https://t.co/cczMxUUZu3

[The Markets Ledger @TML_Zw]

Dangote targets 10 million investors with IPO marketing blitz

Aliko Dangote, Africa’s richest man, is racing to attract 10 million investors to the Dangote Petroleum Refinery’s initial public offering, with a marketing blitz that has swept across Nigeria’s commercial hub.
https://t.co/cczMxUUZu3

[The Markets Ledger @TML_Zw]

Robert Lewandowski breaks Cristiano Ronaldo’s record for oldest hat-trick in Nations League history

Robert Lewandowski etched his name into the UEFA Nations League record books on Friday, scoring a hat-trick for Poland in a 6-0 rout of Romania and taking Cristiano Ronaldo‘s place as the oldest player ever to net a treble in the competition’s history.
https://t.co/SkSVSaIPwz

[The Markets Ledger @TML_Zw]

Simbisa expands restaurant network as customer volumes hit record 53.6m

Simbisa Brands opened 29 new fast-food outlets during the year to June 2026 as the quick-service restaurant operator saw customer volumes grow 11 percent to a record 53.6 million.
https://t.co/khxCwKxUyY

[The Markets Ledger @TML_Zw]

Eagle REIT deploys cash as Victoria Falls apartments beat construction targets

Eagle Real Estate Investment Trust (REIT) says it spent most of its cash on construction in the first half of 2026, with its Victoria Falls apartments running ahead of schedule.
https://t.co/QvquezLlnG

[The Markets Ledger @TML_Zw]

BAT Zimbabwe faces liquidity pressure despite debt-settlement TBs

British American Tobacco (BAT) Zimbabwe is continuing to manage a liquidity squeeze linked to legacy foreign-currency obligations, with the cigarette maker warning that long-dated Treasury Bills (TBs) received in settlement of blocked funds cannot provide short-term operating cash.
https://t.co/q4fFtIy50H

[The Markets Ledger @TML_Zw]

Directors cast doubt on ZECO’s future

The directors of heavy engineering firm ZECO Holdings have told shareholders that they are unsure the company will survive going forward.
https://t.co/aQbTBYCEPr

[The Markets Ledger @TML_Zw]

Fidelity Life awaits ruling on 2015 land deal

Fidelity Life Assurance of Zimbabwe has told shareholders that a land deal it struck with CFI Holdings eleven years ago remains unsettled in two forums, but it expects to win.
https://t.co/YfHGP4z48n