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'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 | 189 | 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 | | 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 | 4 | 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
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
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
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 | 8 | 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
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 | | 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
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
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
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
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
Skeletons tumbling at Choppies
SKELETONS are tumbling out of Botswana headquartered Choppies' closet ahead of the completion at month-end of a forensic probe into the group, with multiple sources claiming the findings will rock the...Published: 19 Jun 2019 at 07:40hrs | 1 | by Staff reporter
Muradzikwa quits Nicoz Diamond
Distinguished insurance executive, Grace Muradzikwa is stepping down from NicozDiamond, Zimbabwe's largest short-term insurer after 30 years with the company.Muradzikwa had been managing direc...Published: 21 Feb 2019 at 07:27hrs | | by Staff reporter
'ZAPU still regarded a terrorist organisation'
Opposition political party, Zapu is still regarded as terrorist organisation decades after the party assisted the country in attaining its independence.The party was not delisted as a terroris...Published: 13 Nov 2018 at 17:09hrs | 6 | by Lulu Brenda Harris
Old Mutual set to delist from ZSE
OLD Mutual plc plans to delist its shares from the Zimbabwe Stock Exchange (ZSE) on Friday June 29 as part of the group's managed separation aimed at enhancing shareholder value by separating its busi...Published: 17 May 2018 at 15:36hrs | | by Staff reporter
Jonathan Moyo ready for Mnangagwa
Exiled former Higher and Tertiary Education minister Jonathan Moyo (pictured) has declared that he is ready to face President Emmerson Mnangagwa's government in international courts if it tries to ext...Published: 15 Apr 2018 at 11:21hrs | | by Staff reporter
Meikles to delist from Zimbabwe Stock Exchange
Zimbabwe Stock Exchange listed conglomerate, Meikles Limited is currently involved in discussions over a transaction which will culminate in a possible offer to minorities and subsequent delisting...Published: 09 Mar 2017 at 05:24hrs | | by Staff reporter
Econet in controversial $130m rights issue
ECONET Wireless Zimbabwe is planning to raise $130 million through a controversial rights offer and linked debentures in order to service its foreign debt. In a circular released yesterday, Econet...Published: 18 Jan 2017 at 06:01hrs | | by Staff reporter
Hwange restructures, retrenches managers
FOUR managers at the struggling Hwange Colliery Company Limited (HCCL) are set to be retrenched as the coal mining firm has started restructuring as part of its survival programme.Sunday News ...Published: 24 Apr 2016 at 09:18hrs | | by Dumisani Sibanda
Bosses sued over company's collapse
In a landmark case, three former executives of Gulliver Consolidated Industries (GCI) have filed a $650 000 lawsuit against nine directors of the company for causing the collapse of the company due to...Published: 19 Oct 2015 at 06:29hrs | | by Fidelis Munyoro
The Hedge Fund and Robert Mugabe
This article was taken from businessweek.com...Published: 23 Aug 2014 at 18:05hrs | 2 | by Cam Simpson and Jesse Westbrook
Belgium to continue advocating for removal of Zim sanctions
Belgium says it will continue to advocate for the removal of the remaining sanctions on Zimbabwe and for the normalisation of relations between Brussels and Harare.Outgoing and retiring Belgiu...Published: 15 Jul 2014 at 21:58hrs | | by Staff Reporter
Zim economy in dire straits
THE country's economy continues to swing directionless with figures indicating that the Zimbabwe Stock Exchange (ZSE), seen as the barometer of the economy, slumping by US$642,8 million to US$4,56 bil...Published: 12 Jun 2014 at 08:25hrs | | by Fingaz
More firms to delist from the Zimbabwe Stock Exchange
MORE public listed firms could delist from the Zimbabwe Stock Exchange for the purposes of raising large sums of fresh capital as this would ensure they get higher valuation figures. Financial analyst...Published: 13 Dec 2013 at 03:06hrs | | by Business Reporters
New Dawn to delist from Toronto Stock Exchange
Zimbabwe focused New Dawn Mining is set to delist from the Toronto Stock Exchange next month and register its operations in the tax haven of Cayman Islands. In a statement, the company said i...Published: 25 Oct 2013 at 05:14hrs | 8 | by Business Reporter
Mugabe doesn't want to visit Europe
Speaking during the presentation of credentials by the new French Ambassador at State House in Harare on Thursday, President Robert Mugabe said he does not want to visit Europe but wants Zimbabwe to t...Published: 11 Oct 2013 at 12:21hrs | | by Staff reporter
'New EU ambassadors coming into Zim contaminated by old ones'
President Robert Mugabe says the sanctions imposed by Britain and her European Union (EU) allies are impeding economic relations between Zimbabwe and the 27-member block.Speaking during the p...Published: 10 Oct 2013 at 17:13hrs | | by Staff reporter
Obama administration to tighten sanctions on Zimbabwe
US President Barack Obama's administration says it is ready to add more names to the sanctions list, after President Robert Mugabe rubbished the nation at the recent United Nations General Assembly....Published: 06 Oct 2013 at 04:34hrs | | by Staff reporter
EU to lift sanctions on Zimbabwe firm
The European Union has agreed to lift sanctions on a Zimbabwean diamond-mining firm despite concerns over alleged fraud in a July election that kept President Robert Mugabe in power, the EU said on Tu...Published: 17 Sep 2013 at 12:16hrs | | by Reuters
CAPS factory premises auctioned for US$1,5 million
DRUG manufacturing company CAPS Pharmaceuticals has collapsed after the firm's factory premises in Harare's Southerton industrial area was last week auctioned for US$1,5 million cash.This was ...Published: 21 Jul 2013 at 22:23hrs | | by Staff Reporter
TSL revenue up 31%, profit up 50%
TSL Limited posted a 31% growth in revenue to $20.22 million for the six months ended 30 April 2013 from $15.38 million in the same period last year on the back of strong performance from the group's...Published: 14 Jun 2013 at 09:54hrs | 1 | by Business reporter
Delta drags Industrials lower as BAT shares hit $9
Delta shares dragged the Industrials lower for the second consecutive session on Thursday largely on profit taking whie BAT shares advanced to another all-time best of $9.The Industrials Index...Published: 13 Jun 2013 at 11:18hrs | | by Business reporter
Caps on the on the brink of collapse
FORMER Zimbabwe Stock Exchange listed drug maker Caps Holdings is on the on the brink of collapse after the High Court sheriff ordered the sale some of its assets to pay off money owed to CBZ Bank. As...Published: 04 Jun 2013 at 18:55hrs | | by Business reporter
ZSE delist three listings
THE Zimbabwe Stock Exchange’s interim board has ordered the termination of the listing of Barbican Holdings Limited, TZI Limited and Red Star Limited.The order, which was e...Published: 26 Apr 2013 at 06:56hrs | | by Business Reporter
ZSE shares slip back into the red as heavyweights falter
There were only 2 counters to trade in the positive in a Monday session where 14 counters traded lower while another 14 remained unchanged from previous levels resulting in the Industrials slipping ba...Published: 18 Mar 2013 at 10:25hrs | | by Business reporter
Lifestyle shareholders approve delisting from the ZSE
HARARE - Lifestyle Holdings shareholders voted in favour of a Scheme of Arrangement which shall see them owning shares in a Mauritius-based company with Lifestyle expected to delist from the ZSE, at a...Published: 15 Mar 2013 at 13:09hrs | | by Business reporter
TSL in 'good shape' and expecting to deliver growth in F13
TSL is in a good shape and expects to begin to build on platforms it has established, CEO Washington Matsaira told the AGM.Purchases of contract tobacco at TSL Classic have commenced and the u...Published: 13 Mar 2013 at 12:42hrs | | by Business reporter
TN Bank to delist from the Stock Exchange on spurious grounds
ECONET Wireless Zimbabwe (Econet) has assumed total control of TN Bank after TN founder Tawanda Nyambirai offloaded his stake for an equivalent value of Econet shares.The development saw the n...Published: 27 Dec 2012 at 17:05hrs | | by Staff reporter
Falgold shareholders approve Scheme to implement New Dawn proposal
Falgold shareholders voted for the Scheme of Arrangement where they will exchange their shares for either cash or New Dawn shares paving way for the delisting of Falgold and listing, by introduction, ...Published: 24 Sep 2012 at 15:53hrs | | by Business reporter
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