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London declining as financial center
The number of companies listed on the London Stock Exchange (LSE) is decreasing at the quickest pace in more than ten years, Bloomberg has reported, citing data compiled by the outlet.In 2024,...Published: 06 Dec 2024 at 14:20hrs | 278 | by Staff reporter
SA-based Diaspora Kapita to issue US$10m bond in Zimbabwe
South Africa-based investment holding firm Diaspora Kapita (DK) is set to make waves in the Zimbabwean financial landscape as it prepares to list on the Victoria Falls Stock Exchange (VFEX) and raise ...Published: 02 Dec 2024 at 07:16hrs | 192 | by Staff reporter
'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 191 | by Staff reporter
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 | 62 | by Staff reporter
Zimbabwean authorities remove 7 universities from accredited list
The Zimbabwe Council for Higher Education (ZIMCHE) has announced the removal of seven universities in India and Cyprus from its official list of accredited institutions. This decision comes in the wak...Published: 12 Mar 2024 at 05:17hrs | 349 | by Staff reporter
'US not Prosecutor-General of the world'
THE United States of America is neither the Prosecutor-General, nor the Judiciary of the world, Information, Publicity and Broadcasting Services Minister Dr Jenfan Muswere has said.Reacting to...Published: 09 Mar 2024 at 09:13hrs | 1 | 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
Caledonia Mining Corporation declares 14 cents dividend
Zimbabwe, October 2, 2023 - Caledonia Mining Corporation, a prominent global mining firm with operations in Zimbabwe, has declared a dividend of US$0.14 per share for the third quarter of its 2023 tra...Published: 03 Oct 2023 at 09:17hrs | 8 | by Staff Reporter
PPC consolidates shareholding in Zimbabwe unit
Cement manufacturer PPC has increased its shareholding in its Zimbabwean unit to 90% by repurchasing shares previously held by various indigenisation parties. The shares were repurchased at a price of...Published: 21 Sep 2023 at 06:16hrs | 1 | by Staff reporter
74 estate agents blacklisted over dodgy deals
The Estate Agents Council of Zimbabwe (EACZ) has blacklisted 74 real estate companies operating in parts of the country for failure to register with the council and crimes such as fleecing unsuspectin...Published: 06 Jul 2023 at 19:51hrs | 30 | by Staff reporter
Are investors in African equities poised for wins amidst global turmoil?
It has been a tumultuous first quarter of 2023, and African equities have not been spared.Global markets started the year on a very positive note, with the S&P 500 up 9.0% at its peak in e...Published: 12 May 2023 at 11:17hrs | 7 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
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 | 1 | 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 | 5 | by Staff Reporter
Zimbabwe judge dumps farm seizure challenge, says it's too political for court
HIGH Court judge Munamato Mutevedzi has abandoned a case in which a Gweru farmer is challenging the seizure of her farm by government saying the matter was too political to be handled by his court....Published: 27 Feb 2023 at 15:35hrs | | by Staff reporter
US removes 17 Zimbabweans from sanctions list, but country remains under sanctions
THE United States government has today removed 17 Zimbabweans from the illegal sanctions list while adding four people and two companies, as the clarion call for total and unconditional removal of the...Published: 14 Dec 2022 at 06:31hrs | 1 | by Staff reporter
Mnagagwa's son and Mrs Tagwirei added to US sanctions list
WASHINGTON - Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated four Zimbabwean individuals and two Zimbabwea...Published: 12 Dec 2022 at 22:40hrs | 1 | by Staff Reports
Musk 'frees' the bird
Elon Musk became Twitter Inc's owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platf...Published: 29 Oct 2022 at 20:51hrs | 1 | by Staff reporter
US, UK dismiss Zimbabwe's anti-sanctions marches
UNITED States (US) and United Kingdom (UK) yesterday rubbished anti-sanctions marches that took place on Tuesday, saying the demonstrations will not jolt them into removing them until there is rule of...Published: 27 Oct 2022 at 06:17hrs | | 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
Zimbabwe police chief placed on US sanctions for blocking Chamisa's rallies
POLICE chiefs have been severely punished for undermining human rights in Zimbabwe and threatening democratic processes to favour the ruling Zanu-PF party, with the United States government this week ...Published: 18 Sep 2022 at 16:58hrs | | by Staff reporter
Zimbabwe govt monitors 'hostile' NGOs
GOVERNMENT has set up a committee to monitor "hostile" non-governmental organisations (NGOs) and plans to deregister those charged for alleged wayward behaviour.This was revealed by Public Ser...Published: 10 Sep 2022 at 06:25hrs | | by Staff reporter
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 12 Apr 2022 at 16:50hrs | 2 | by Victor Bhoroma
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 01 Apr 2022 at 12:34hrs | 1 | by Victor Bhoroma
Mnangagwa's oligarchs: The heirs of Cecil Rhodes
As Zimbabwe's economy has spiralled down, with one million economic refugees in South Africa alone and ordinary people facing shortages of food, fuel, medicine and shelter, there is a class of people ...Published: 08 Feb 2022 at 18:29hrs | 4 | by Phillip van Niekerk and a Zim-based Research Team
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 | 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 | 9 | by Staff reporter
Honey Bird Kop Farm seizure takes new twist
THE ownership wrangle of Honey Bird Kop Farm has taken a new twist as the white "owner" has finally spoken out after decades of silence, the Zimbabwe Independent reported.Honey Bird Kop Farm h...Published: 03 Sep 2021 at 07:00hrs | 9 | by Staff reporter
Demolition of houses: Fixing the broken tape or mopping water from the broken tape?
The current events unfolding in the country are a clear indication that operation Murambatsvina was not an end in itself. Many houses continue to be demolished in a shocking and traumatizing way....Published: 09 Aug 2021 at 13:49hrs | | by Joseph Mvero
Zanu-PF youths batter 6 soldiers
TWENTY EIGHT Zanu-PF youths mainly from Samba Ranch in Chiredzi North were on Monday arraigned before Chiredzi magistrate Simbarashe Gundani on charges of assaulting six Air Force of Zimbabwe soldiers...Published: 21 Jul 2021 at 08:12hrs | 1 | 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
Padenga delists, heads for VFEX
ZIMBABWE Stock Exchange (ZSE)-listed crocodile breeder, Padenga Holdings is set to delist today before switching to the Victoria Falls Stock Exchange (VFEX).The VFEX has struggled to attract c...Published: 09 Jul 2021 at 12:06hrs | | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | | by Victor Bhoroma
56 farmers evicted
FIFTY-SIX farmers resettled in Makoni District have been left in a quandary after the High Court ruled that their occupation of Nyamatsanga Farm is illegal as the farm belongs to an indigenous Zimbabw...Published: 20 Mar 2021 at 07:05hrs | | by Staff reporter
Govt extends suspension of fungibility of Old Mutual and PPC shares
Finance and Economic Development Minister Professor Mthuli Ncube, has extended the suspension of financial services giant Old Mutual and cement maker PPC's fungibility by another 12 months. In...Published: 16 Mar 2021 at 06:20hrs | 1 | by Staff reporter
Faultlines exposed in Seed Co deal
RESEARCHERS at advisory firm Imara dug deep into the hyped Seed Co empire merger before the transaction sailed through early this month and their verdict could stun a market that had long accepted the...Published: 15 Feb 2021 at 07:55hrs | | by Staff reporter
Zanu-PF functionaries invade protected farm
ZANU-PF Masvingo provincial officials have grabbed a massive flourishing ranch in Chiredzi owned by an Italian national and ring-fenced under a Bilateral Investment Promotion and Protection Agreement ...Published: 12 Feb 2021 at 15:47hrs | | by Staff reporter
Big brands troop into Victoria Falls facility
A STRING of the country's big brands, including fast food outlets, has stampeded into Zimre Property Investments' Sawanga Mall in Victoria Falls, helping the top end real estate gem notch 95% occupanc...Published: 28 Dec 2020 at 07:32hrs | 1 | by Staff reporter
Spooks investigate US$45m CAPS deal
ZIMBABWE's state security service, the Central Intelligence Organisation (CIO), is investigating a volatile commercial dispute that has erupted between the government and interim trustees of Caps Phar...Published: 19 Dec 2020 at 16:38hrs | 2 | by Staff reporter
Powerspeed to delists from ZSE
SHAREHOLDERS of electrical products supplier, Powerspeed Electrical Limited, have approved the termination of the company's listing on the Zimbabwe Stock Exchange (ZSE). The listing of Powersp...Published: 17 Dec 2020 at 06:54hrs | | by Staff reporter
Demolition of houses: An insensitive and unjustified gesture
In the past years, Zimbabweans have witnessed the demolitions of houses on the grounds that the houses were built illegally. The city council is instrumental in the destruction of the structures deeme...Published: 16 Dec 2020 at 09:45hrs | 3 | by Joseph Yamikani Mvero
ZSE eyes more listings on VFEX
THE Zimbabwe Stock Exchange (ZSE) says its newly-launched Victoria Falls Stock Exchange (VFEX) has generated interest from both local and foreign companies and it is working at securing more listings ...Published: 16 Dec 2020 at 07:07hrs | | by Staff reporter
Deadlock over Old Mutual listing
THE delisting of Old Mutual from the Zimbabwe Stock Exchange (ZSE) and subsequently listing on the new Victoria Falls Stock Exchange (VFEX) is facing major hurdles, amid indications the financial inst...Published: 20 Nov 2020 at 06:09hrs | 5 | by Staff reporter
Govt interference on ZSE queried
STOCK exchange stakeholders spoke for the first time this week since the Zimbabwe Stock Exchange (ZSE) was shut down in June, questioning the powers behind its shutdown and warning government not to r...Published: 20 Nov 2020 at 06:09hrs | 1 | by Staff reporter
SeedCo International delists from ZSE, debuts on VFEX
LEADING seed producer and distributor, SeedCo International Limited, will delist from the Zimbabwe Stock Exchange (ZSE) with effect from today and shift focus to the foreign currency denominated Victo...Published: 23 Oct 2020 at 08:27hrs | | by Staff reporter
Ray Kaukonde being probed by ZACC
The legal dispute over the status of a 1 000ha farm in Goromnzi has sucked in former Mashonaland East Governor Ray Kaukonde who is now under investigation by the Zimbabwe Anti-Corruption Commission (Z...Published: 22 Sep 2020 at 06:26hrs | | by Staff reporter
South Africa Clicks saga: Top executives resign
South Africa's Economic Freedom Fighters have caused the Clicks retail group to delist the TRESemmé brand, expand its range of local haircare products and work with the government to develop the loca...Published: 08 Sep 2020 at 17:07hrs | | by Mandla Ndlovu
Old Mutual responds to Zimbabwe shareholder who want the Board to resign
Thank you for responding to my request for the Chair and the Board to resign. I am aware that you could not say much because this issue is before the High Court. For you to suggest that these court pr...Published: 16 Aug 2019 at 19:19hrs | 1 | by Old Mutual
Zimbabwean shareholder seeks ouster of Trevor Manuel from Old Mutual
THE labour row, rocking international financial conglomerate, Old Mutual has taken a sinister twist with a Zimbabwean shareholder now seeking the ouster of former South African Finance Minister Trevor...Published: 11 Aug 2019 at 16:26hrs | | by newzimbabwe
Old Mutual Chairman and Board of Directors should immediately resign
Dear Editor, As a shareholder and insurance policy holder of Old Mutual Plc I am requesting the Chairman Trevor Manuel and the board directors of Old Mutual Plc to immediately resign and call...Published: 11 Aug 2019 at 13:16hrs | 1 | by Engineer Jacob Kudzayi Mutisi
Peter Moyo vs Trevor Manuel: Explosive court papers reveal how 'all hell broke loose'
Former Old Mutual CEO Peter Moyo has detailed the breakdown of his relationship with Old Mutual chairperson Trevor Manuel in court papers before the South Gauteng High Court, where he alleges that Man...Published: 01 Jul 2019 at 08:35hrs | | by Staff reporter
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