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ZSE outshines VFEX in wealth creation
The Zimbabwe Stock Exchange (ZSE) has emerged as the preferred investment destination for those seeking wealth creation, surpassing the foreign currency-denominated Victoria Falls Stock Exchange (VFEX...Published: 26 Sep 2024 at 13:37hrs | 61 | by Staff reporter
ZSE to list on own bourse
The Zimbabwe Stock Exchange (ZSE) is preparing to self-list on its own platform in the upcoming year, marking a significant milestone in its history. This move, aimed at accessing better risk-adjusted...Published: 22 Jun 2024 at 11:37hrs | 1 | by Staff reporter
Stability of Zimbabwe's currency prompts scrapping of stock market rule
The stability of Zimbabwe's new currency, the ZiG, has prompted authorities to scrap a rule in place since 2022 that requires investors on its main bourse to hold onto stocks for a period of 180 days ...Published: 14 Jun 2024 at 15:19hrs | | by Staff reporter
Nigerian billionaire Zimbabwe deals falter amid capital problems
WITH the help of Zimbabwean authorities who supported him amass platinum, gold, lithium, iron ore, tin and some rare earth mineral concessions, it first appeared like he was going far.At some poin...Published: 28 May 2024 at 12:46hrs | 5 | by Staff reporter
Zimbabwe's new ZiG currency strengthens on second day of trading
Zimbabwe's new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit.It gai...Published: 10 Apr 2024 at 06:05hrs | 5 | by Staff reporter
ZSE rebases bourse to reflect ZiG
THE Zimbabwe Stock Exchange (ZSE) is re-basing all its indices following the introduction of a new currency, Zimbabwe Gold (ZiG), last week.ZSE said all the ZSE indices would be re-based to 10...Published: 09 Apr 2024 at 06:22hrs | | by Staff reporter
Zimbabwe capital markets conferences set for SA
FINANCIAL Markets Indaba (FMI), in partnership with the Victoria Falls Stock Exchange (VFEX) is set to co-host two Zimbabwe capital markets conferences in South Africa next month, NewsDay Business can...Published: 22 Mar 2024 at 09:38hrs | 2 | by Staff reporter
Foreign investors ditch Zimbabwe capital markets
FOREIGN investors continue to lower their interest on the local capital markets, with investor participation on annual value traded averaging 3%, due to policy inconsistency and inflation, leading res...Published: 30 Jan 2024 at 07:47hrs | 2 | by Staff reporter
New hotels for Victoria Falls
The prime tourism hub of Victoria Falls is experiencing substantial infrastructure development, providing a significant boost to Zimbabwe's tourism sector with the goal of achieving a US$5 billion tou...Published: 29 Sep 2023 at 06:18hrs | 1 | by Staff reporter
Nigerian billionaire's US$1 billion Zimbabwean mining deals stall
NIGERIAN oil and gas billionaire Benedict Peters' massive investment plans to shell out over US$1 billion into a local platinum mining project and more into lithium, iron ore, tin, gold and rare earth...Published: 16 Jul 2023 at 13:54hrs | 10 | by Staff reporter
Zimbabwe's dollar-only bourse poised for further growth
The value of stocks on Zimbabwe's dollar-only bourse has jumped by 85% since the start of the year to more than $1 billion, its CEO told Reuters on Tuesday, adding he anticipated continued growth....Published: 10 May 2023 at 19:23hrs | | by Staff reporter
Zimbabwean companies descend on the London Stock Exchange
Zimbabwean companies and corporate executives from home and in the diaspora will tomorrow descend on the London Stock Exchange (LSE) - one of the world's biggest bourses in the world with a market cap...Published: 19 Apr 2023 at 20:39hrs | | by Staff reporter
Mangudya warns against forex loans
In a situation where there is little foreign currency in the market despite the banking sector having US$2,5 billion in nostro deposits, Reserve Bank of Zimbabwe governor John Mangudya has warned agai...Published: 12 Mar 2023 at 06:37hrs | 3 | by Staff Reporter
Zimbabwe to scale up diamond cutting, polishing industry
MINES and Mining Development Minister Winston Chitando has said the country is targeting seven million carats this year as the country plans to scale up the diamond cutting and polishing industry....Published: 09 Mar 2023 at 05:21hrs | 3 | by Staff reporter
Zimbabwe to woo capital markets investors in London
ZIMBABWEAN government officials and corporate leaders are gearing for a major capital markets conference in London, United Kingdom, during the last week of next month to mobilise private capital to fi...Published: 08 Mar 2023 at 05:27hrs | | by Staff reporter
Mthuli Ncube to headline London Zimbabwe capital markets conference
Finance and Economic Development Minister, Professor Mthuli Ncube, is next month expected to headline the Zimbabwe Capital Markets conference in London which seeks to showcase the opportunities and br...Published: 06 Mar 2023 at 05:14hrs | | by Staff reporter
Zimbabwe to become Africa's Dubai
Zimbabwe plans to set up an offshore financial center in the resort city of Victoria Falls that the government hopes will emulate the likes of Dubai and the Isle of Man to attract foreign investment....Published: 25 Feb 2023 at 08:54hrs | 9 | by Staff reporter
Econet Wireless stung by more FOREX losses
Econet, Zimbabwe's largest telecommunications company, has reported heavy foreign exchange losses throughout the year.In its latest half-year report for the period ended August 31, 2022, Econe...Published: 19 Dec 2022 at 21:12hrs | 2 | by Mzingaye Nxumalo
'VFEX growth exceeds expectation'
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has lauded the rapid growth of the Victoria Falls Stock Exchange (VFEX), which witnessed the listing of the fifth counter, Nedbank Gr...Published: 28 Nov 2022 at 04:55hrs | 1 | by Staff reporter
Mnangagwa's govt turns to Treasury bills, bonds
THE cash-strapped government is likely to print money to finance its $575,5 billion budget deficit, economic analysts warned yesterday after Finance minister Mthuli Ncube announced next year's $4,5 tr...Published: 25 Nov 2022 at 05:12hrs | | by Staff reporter
Zimbabwe participates at World Travel Market
ZIMBABWE is participating in this year's edition of the World Travel Market (WTM), the second largest international tourism fair in the world, after the Internationale Tourismus Bourse (ITB - Berlin)....Published: 10 Nov 2022 at 04:53hrs | | by Staff reporter
Nedbank Zimbabwe heads for VFEX
FINANCIAL services outfit, Nedbank Zimbabwe said on Friday it planned to list on the Victoria Falls Stock Exchange (VFEX) on November 18, becoming the first lender to trade its stock at the waterfall ...Published: 24 Oct 2022 at 06:09hrs | 1 | by Staff reporter
Chinese firms brandish US$ salaries in crisis-hit Zimbabwe
CHINA's 80 biggest firms with a footprint in Zimbabwe said at the weekend that they were ready to pay United States dollar-indexed salaries for skilled workers and professionals.This emerged d...Published: 19 Oct 2022 at 06:02hrs | | by Staff reporter
US$ VFEX market capitalisation jumps 25% in Q3
The Victoria Falls Stock Exchange (VFEX) market capitalisation increased by 25 percent to US$345 million in the third quarter to September 30, 2022 from US$273,24 million in the previous quarter....Published: 18 Oct 2022 at 05:57hrs | | by Staff reporter
Zimbabwe gold coins start circulating
THE Reserve Bank of Zimbabwe (RBZ) yesterday released the first batch of 2 000 Mosi-oa-Tunya gold coins into the market to provide a store of value alternative to the US dollar in a development expect...Published: 26 Jul 2022 at 06:36hrs | | by Staff reporter
Gwanda mine raises US$8 million from Victoria Falls bourse
WITH only six months after officially listing on the Victoria Falls Stock Exchange (VFEX), Jersey domiciled gold producer, Caledonia Mining Corporation, which operates Blanket Mine in Gwanda, says the...Published: 09 Jun 2022 at 06:37hrs | 6 | by Staff reporter
Mnangagwa presides over corrupt government
REVELATIONS by Auditor-General Mildred Chiri that Treasury made foreign direct payments on behalf of 16 government ministries amounting to more than US$300 million without the required parliamentary a...Published: 08 Apr 2022 at 19:30hrs | 6 | by Staff reporter
ZSE inches closer to $2 trillion
MARKET capitalisation on the Zimbabwe Stock Exchange (ZSE) inched closer to $2 trillion on Monday, after gaining 40% since the beginning of the year, according to official data.As of yesterday...Published: 09 Mar 2022 at 07:01hrs | 1 | by Staff reporter
The end of the Petrodollar and the rise of the Petroyuan
A "Petrodollar" is a U.S. Dollar obtained through the sale of crude oil, i.e. it's a term created particularly to describe the situation of the OPEC countries, where the sale of this commodity allows ...Published: 08 Mar 2022 at 07:17hrs | 6 | by Hugo Martins | Analyst
ZSE makes 'tribal' appointments
The Zimbabwe Stock Exchange Limited (ZSE) has appointed Robert Mubaiwa, Anymore Taruvinga and Tinashe Mapara as new heads of divisions for the Victoria Falls Stock Exchange (VFEX) and ZSE.VFEX...Published: 03 Feb 2022 at 05:42hrs | 1 | by Staff reporter
Cassava name change get ZSE nod
Zimbabwe Stock Exchange (ZSE)-listed tech-group Cassava Smartech has been given the nod by the ZSE to change its name to EcoCash Holdings Limited.ZSE has, according to a circular on the propos...Published: 23 Dec 2021 at 05:41hrs | 6 | by Staff reporter
Zimra delays Tanganda ZSE listing
TANGANDA Tea Limited's listing on the ZSE which was expected to take place on December 9 this year, has been pushed to a future date pending capital gains tax approval from the Zimbabwe Revenue Author...Published: 13 Dec 2021 at 07:04hrs | 6 | by Staff reporter
'Tax incentives rip off Zimbabwe'
A LEADING resources watchdog has piled pressure on government to disclose the value of potential revenues it forfeits due to special tax incentives offered to attract investment.The Zimbabwe E...Published: 12 Dec 2021 at 19:13hrs | 7 | by Staff reporter
Mnangagwa in Victoria Falls for Caledonia VFEX listing
PRESIDENT Mnangagwa will be in Victoria Falls today to officiate at an event to mark the official listing of Caledonia Mining Corporation on the Victoria Falls Stock Exchange (VFEX).The foreig...Published: 02 Dec 2021 at 05:32hrs | 8 | by Staff reporter
BNC heads for VFEX
BINDURA Nickel Corporation (BNC) is set to delist from the Zimbabwe Stock Exchange (ZSE) next month and switch to the forex-indexed Victoria Falls Stock Exchange (VFEX) under a strategy spelt out by c...Published: 22 Nov 2021 at 06:10hrs | 6 | by Staff reporter
CBZ swoops on FML shares as new financial group emerges
CBZ Holdings, currently trading under cautionary, has secured a 31.22% stake in First Mutual Holdings Limited (FML), paving the way for the creation of a US$2.5 billion financial behemoth to rival Old...Published: 13 Nov 2021 at 17:38hrs | 5 | by Staff reporter
ZSE gains US$287bn
THE Zimbabwe Stock Exchange (ZSE) gained $286,760 billion in value during the third quarter of this year due to inflation hedging activities and increased retail investors participation, a report by O...Published: 01 Nov 2021 at 07:29hrs | 6 | by Staff reporter
Currency instability puts ZSE as best performer in region
AFTER surpassing its own performance record (again), the Zimbabwean dollar-denominated exchange extended 2021 gains as the market's counters continue facing economic uncertainties in the closing quart...Published: 08 Oct 2021 at 19:04hrs | 6 | by Equity Axis View
Cassava suspended from trading on local bourse
THE Zimbabwe Stock Exchange (ZSE) yesterday stopped Cassava Smartech Zimbabwe Limited from trading on the bourse after an application by the Securities and Exchange Commission of Zimbabwe for the dive...Published: 03 Oct 2021 at 08:06hrs | | by Staff reporter
VFEX moves to fund tobacco
ZIMBABWE'S bourses have moved to help the tobacco farming sector raise foreign currency for their operations, in a development seen as a solution to the industry's a long-running capital crisis....Published: 16 Sep 2021 at 06:03hrs | 3 | by Staff reporter
ZSE-listed firms defy SecZim
ZIMBABWE'S listed companies have ignored implementing several measures put in place by the Securities and Exchange Commission of Zimbabwe (SecZim) about six years ago to enhance disclosure levels in f...Published: 10 Sep 2021 at 07:33hrs | 4 | by Staff reporter
Mthuli Ncube to launch US$ bond on VFEX
WITH the Victoria Falls Stock Exchange (VFEX) being one of the innovation reforms meant to support the process of financial deepening, Government is working on launching a US$ bond and list it on the ...Published: 05 Sep 2021 at 06:58hrs | | by Staff reporter
Mines troop to VFEX
GOVERNMENT says several mining firms have indicated plans to list on Zimbabwe's year-old bourse, the Victoria Falls Stock Exchange (VFEX).VFEX, which exclusively trades in foreign currency, ha...Published: 03 Sep 2021 at 06:51hrs | | by Staff reporter
Group demands ZSE listings for Fidelity suitors
INVESTORS interested in taking up equity in the central bankrun Fidelity Printers and Refiners (FPR) should agree to list on at least one of the country's stock exchanges in order to enhance transpare...Published: 29 Aug 2021 at 07:15hrs | | by Staff reporter
20 richest investors on the Zimbabwe Stock Exchange
Investors on the Zimbabwe Stock Exchange have amassed staggering wealth since the start of the year owing to the strong pace of recovery in the country and renewed buying interest by local inv...Published: 29 Aug 2021 at 07:05hrs | 182 | by Mfonobong Nsehe
President Mnangagwa did not reward POLAD but empowered the spirit of development
POLAD has been the power to peace in Zimbabwe after the 2018 elections. By giving them cars to enhance their work MNANGAGWA did not seek to bribe but to empower those who love their country at any cos...Published: 04 Aug 2021 at 16:50hrs | | by Dr Masimba Mavaza
Zida boss raises red flag
ZIMBABWE Investment and Development Agency (Zida) CEO Douglas Munatsi says he is worried about government's failure to protect investors.Investor protection has been a thorny issue in Zimbabwe...Published: 01 Aug 2021 at 06:49hrs | 1 | by Staff reporter
Zimbabwe ranked second least happy country in the world
The 2021 World Happiness Report is out, and Zimbabwe ranked one step above Afghanistan, the world’s unhappiest country in the world. A total of 149 countries made the pool of countries that were ran...Published: 31 Jul 2021 at 20:02hrs | 1 | by Tafara Mtutu
Padenga VFEX listing may 'cannibalise' ZSE
PADENGA'S decision to list on the Victoria Falls Stock Exchange (VFEX) was a win for the new bourse and Finance minister Mthuli Ncube's incentive scheme, but the country's biggest broker, Imara, says ...Published: 23 Jul 2021 at 08:54hrs | | by Staff reporter
VFEX in dramatic rebound
THE Victoria Falls Stock Exchange (VFEX) has dramatically emerged to capture some of Zimbabwe's biggest firms, with multinationals making bold moves to step into the waterfall in the past week....Published: 11 Jul 2021 at 10:42hrs | | by Staff reporter
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