
Zimbabwe Has Nationwide Blackout as System Failure Cripples Grid
Electricity imports from South Africa, Zambia and Mozambique were also interrupted, the national power utility, Zesa Holdings Ltd., said in an emailed statement.
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Bloomberg
an hour ago
- Bloomberg
Emirates Adds Mauritius Flight as Island Mulls Opening to Rivals
Emirates is ramping up its presence in Mauritius by adding a third daily flight to the island nation, seeking to buttress its position as the country considers opening up to other carriers. Starting in December, the peak of the holiday season travel, the world's largest airline will offer another service to the Indian Ocean hotspot using a Boeing Co. 777 twin-aisle jetliner, the carrier said. That's on top of two daily flights between Dubai and Mauritius now with the giant Airbus SE A380 double deckers.
Yahoo
2 hours ago
- Yahoo
Harmony Gold (HMY) Stock Sinks As Market Gains: What You Should Know
Harmony Gold (HMY) closed at $14.83 in the latest trading session, marking a -1.33% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.78%. Elsewhere, the Dow saw an upswing of 1.14%, while the tech-heavy Nasdaq appreciated by 0.61%. Shares of the gold miner have appreciated by 6.67% over the course of the past month, outperforming the Basic Materials sector's gain of 6.63%, and the S&P 500's gain of 5.88%. The investment community will be closely monitoring the performance of Harmony Gold in its forthcoming earnings report. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.85 per share and a revenue of $0 million, indicating changes of +190.82% and 0%, respectively, from the former year. It is also important to note the recent changes to analyst estimates for Harmony Gold. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.71% upward. Harmony Gold presently features a Zacks Rank of #1 (Strong Buy). Valuation is also important, so investors should note that Harmony Gold has a Forward P/E ratio of 5.27 right now. For comparison, its industry has an average Forward P/E of 12.14, which means Harmony Gold is trading at a discount to the group. It is also worth noting that HMY currently has a PEG ratio of 0.09. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Mining - Gold industry had an average PEG ratio of 0.57. The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 12, finds itself in the top 5% echelons of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Harmony Gold Mining Company Limited (HMY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
4 hours ago
- Yahoo
Stellantis to introduce Leapmotor vehicles to South African market
Stellantis is set to expand its presence in the South African automotive sector with the introduction of Leapmotor brand EVs. The upcoming launch of the Leapmotor brand in South Africa follows the company's establishment in Mauritius. Initially, the C10 REEV will be available at selected Stellantis dealers from this September. Additional models are expected to be launched in 2026. Stellantis, which entered the South African market four years ago, claims to have become the second-largest original equipment manufacturer (OEM) in the Middle East and Africa (MEA) region. Stellantis managing director Mike Whitfield said that more than 60% of the South African market is concentrated below the R400,000 ($22,721) price point. In response, the company has been focusing on offering products that meet customer needs, such as the Citroën C3 range and the new Hola panel van. Whitfield said: 'To better leverage the strength of each brand, we will be amalgamating all finance partnerships under a single, comprehensive agreement between WesBank and Stellantis. "South Africa is a critical market for Stellantis, and we are fully committed to unlocking its potential — through product, innovation and meaningful partnerships.' In 2023, Stellantis invested €1.5bn ($1.75bn) in a 20% stake in Leapmotor. The joint venture (JV), Leapmotor International, in which Stellantis holds a 51% stake, has recently announced a 10% price reduction on its all-electric car prices in the UK market, anticipating the UK government's new BEV grants. Moreover, Stellantis signed a memorandum of understanding (MoU) in 2023 with South African government ministers to establish a manufacturing plant in the country. "Stellantis to introduce Leapmotor vehicles to South African market" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data