RioZim Limited | Further Cautionary Announcement

July 8th, 2020|

Further to the cautionary announcement dated 15 June 2020, shareholders are advised that the Company has received an insignificant part payment towards the USD and ZWL amounts due to it from Fidelity Printers and Refiners for gold deliveries made. Discussions regarding payment of the long overdue sums are still in progress between the Company, Fidelity [...]

RioZim Limited | Executive Appointment

June 27th, 2020|

CHIEF EXECUTIVE OFFICER The Board of Directors of RioZim Limited is pleased to announce the appointment of Mr. Manit Mukesh Shah as Chief Executive Officer with effect from 1 July, 2020. Manit replaces RioZim Limited’s current Chief Executive Officer Mr. Bhekinkosi Nkomo whose term ends on the 30th of June, 2020, following his decision to [...]

RioZim Limited | Cautionary Statement

June 17th, 2020|

INABILITY TO PRODUCE BULLION DUE TO NOT BEING ABLE TO MEET OPERATING EXPENDITURE AS A RESULT OF THE FIXED EXCHANGE RATE MECHANISM, THE LIMITED FOREX RETENTION POLICY AND THE DELAYS IN RECEIPT OF GOLD SALE PROCEEDS The Directors of RioZim Limited wish to advise the Company’s shareholders and the investing public that the Company is [...]

RioZim Limited Group’s gross margin declined to 2% compared to prior year

April 30th, 2020|

RioZim Limited (RIOZ.zw) 2019 Abridged Report We have extracted the Chairman's Statement from the 2019 Abridged Report of RioZim Limited (RIOZ.zw), listed on the Zimbabwe Stock Exchange: INTRODUCTION The current year, 2019, was marked by various monetary and fiscal policy changes that had a significant impact on both the country’s economy and the [...]