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A guide to index performance when trading
Trading on the Johannesburg Stock Exchange (JSE) can be a great way to diversify your investments, but it's important to understand how the JSE index performs in order to make informed decisions. ...Published: 23 Jan 2023 at 16:21hrs | 198 | by Moyo Roy
Zimbabwean tech company acquires SA, Mozambique and Botswana IT firms
Zimbabwe's Tano Digital Solutions Group has acquired control of South African-headquartered IT company, Altron Botswana and Altron Mozambique.The move has set the information technology commun...Published: 06 Jan 2023 at 18:08hrs | 188 | by Staff reporter
Zim technology company in ambitions regional growth
Tano Digital Solutions Group, a fast growing Zimbabwean new-generation technology company has acquired Altron Botswana and Mozambique as part of its growth strategy that will likely see the enterprise...Published: 04 Jan 2023 at 18:42hrs | 2902 | by Simbarashe Sithole
'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 | 197 | by Staff reporter
Africanise the law and land
In Mzansi, most citizens can only own real estate when they are dead - their graves and tombstones if they can afford one. From the living majority, they become the silent majority.Throughout ...Published: 27 Jul 2022 at 19:29hrs | 404 | by Lindiwe Sisulu
Beitbridge Border users toast to improved efficiencies
Users of Beitbridge Border Post, principally truck drivers and cross-border traders, are excited that the automation of arguably the largest and busiest border in Southern Africa, has considerably red...Published: 27 Jun 2022 at 08:08hrs | 419 | by Staff reporter
PPC downbeat as inflation shakes Zimbabwe
JOHANNESBURG Stock Exchange (JSE)-listed Pan African cement maker, PPC has said its earnings per share (EPS) from the Zimbabwean operations would be undermined by rocketing inflation.Ahead of ...Published: 24 Jun 2022 at 07:41hrs | 658 | by Staff reporter
The last great war might have begun
The tongue can be a powerful weapon.It can build and destroy. It also can excite, spite and incite.And when a sharp tongue is mixed with potent ideas, it is easy to concoct a nuclear w...Published: 16 Jan 2022 at 08:50hrs | 150 | by Bishop Lazi
Hi Mzansi, have we seen justice?
Apartheid was "legal". Jim Crow laws in the United States were "legal". Colonialism was "legal". Even the Nazis were "legal". So, what does it mean to have the rule of law? And whose law is it anyway?...Published: 10 Jan 2022 at 19:44hrs | 2945 | by Lindiwe Sisulu
Truckers face Beitbridge chaos
When it was controversially awarded a US$240 million contract to upgrade the Beitbridge border post in 2018, the Zimborders Consortium said it would provide "world class border facilities that optimis...Published: 18 Oct 2021 at 19:32hrs | 140 | by Staff reporter
Karo plows ahead with mega platinum project
Karo Resources' integrated platinum project in Mhondoro-Ngezi is still proceeding despite disruptions caused by the coronavirus.The project involves mining platinum, chrome, coal and the estab...Published: 26 Sep 2021 at 19:36hrs | 14 | by Staff reporter
Zimbabwe blue chips shine in Africa
AT least five of Zimbabwe's biggest stock exchange-listed firms have made it to the list of Africa's best performing companies, defying storms stemming out of a two year old economic crisis, which was...Published: 03 Sep 2021 at 06:56hrs | 8 | by Staff reporter
PPC receives US$11,2 million legacy debt payment from RBZ
CEMENT maker, PPC Zimbabwe, has acknowledged receipt of US$11,2 million from the Reserve Bank of Zimbabwe under the legacy debts repayment facility.The debt accrued as a result of cash flows g...Published: 20 Jul 2021 at 18:47hrs | 7 | by Staff writer
Tharisa buys Great Dyke chrome asset in Zimbabwe expansion
THARISA, the Johannesburg Stock Exchange-listed platinum and chrome producer, has acquired Salene Chrome Zimbabwe for US$3 million as part of its growth strategy in the country.Salene Chrome i...Published: 07 May 2021 at 06:40hrs | 4 | by Staff reporter
Zimbabwe govt caves in to market pressure
THE Zimbabwean government has caved in to market demands for valuation of the two suspended formally dually-traded securities, Old Mutual and PPC, to be valued according to the closing prices of the t...Published: 30 Apr 2021 at 07:27hrs | 6 | 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
Zimnat's Farai Gwaka elected AIMZ chairman
Zimnat Asset Management's Farai Gwaka was elected chairman of AIMZ for the coming year, taking over from ABC Asset Management's Jubelah Magutakuona, who has held the post for two terms. H...Published: 15 Dec 2020 at 11:30hrs | 19 | by Staff reporter
Karo Resources venture raises eyebrows
KARO Resources directly employs just eight people, two years after it was allocated vast platinum claims sitting on 23 000 hectares under a project the government said the company would set up a US$4,...Published: 27 Nov 2020 at 07:04hrs | 6 | by Staff reporter
Karo's US$4 billion venture crumbles?
PLANS by Karo Resources (Karo) to set up a US$4,2 billion platinum mining venture and a processing plant in Darwendale after it was controversially allocated claims previously held by Zimplats are cru...Published: 20 Nov 2020 at 06:14hrs | 30 | by Staff reporter
Victoria Falls exchange primed to be the best
Government plans to make the Victoria Falls Stock Exchange (VFEX), which will provide an avenue for foreign currency listings, one of the best in the region whose rules and regulations are in line wit...Published: 11 Oct 2020 at 10:02hrs | 2 | by Staff reporter
Dual-listed counters to remain suspended
THE Zimbabwe Stock Exchange (ZSE), in consultation with Treasury, has advised dual-listed firms to move their listings to the Victoria Falls Stock Exchange (VFEX) to avoid possible manipulation of exc...Published: 03 Sep 2020 at 06:17hrs | 2 | by Staff reporter
Suspended Choppies CEO responds to 'unfair and biased' forensic & legal reports
Legal and forensic reports into Choppies Enterprises Limited, circulated to shareholders via Botswana's X-News and the Johannesburg Stock Exchange News Service (SENS) are unfair and biased – and app...Published: 27 Aug 2019 at 21:32hrs | 1489 | by Staff reporter
Zimbabwe's re-engagement bearing fruits
The United Kingdom is a critical cog in Zimbabwe's efforts to re-integrate into the community of nations following years of isolation in the First Republic. As the former colonial power, the United Ki...Published: 25 Aug 2019 at 08:36hrs | 172 | 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 | | by Staff reporter
Mphoko took US$3 million payout for 7% stake to quit Choppies
Former Vice President Phelekezela Mphoko and his son Siqokoqela have sold their shares in Choppies Supermarkets Zimbabwe for US$2.9 million, the company has announced.In a notice to shareholde...Published: 05 Jun 2019 at 11:52hrs | 4656 | by ZimLive
Mnangagwa's govt cracks whip on fuel sector
GOVERNMENT has started cracking down on illegal dealings in the fuel sector which include unilateral price increases and demands for foreign currency as the only form of payment. Energy ...Published: 29 May 2019 at 08:45hrs | 2672 | by Staff reporter
Ex-President take on Mphoko tormentor in bitter Choppies boardroom battle
A bitter Boardroom battle for control of Botswana's most prestigious company is being waged in Gaborone - and is reverberating through eight sub-Saharan countries.At its heart is a battle for ...Published: 24 May 2019 at 21:26hrs | 3805 | by Agencies
Battle for control of Choppies turns nasty...Festus Mogae turns against partner
A bitter Boardroom battle for control of Botswana's most prestigious company is being waged in Gaborone – and is reverberating through eight sub-Saharan countries.At its heart is a battle fo...Published: 24 May 2019 at 17:39hrs | 4518 | by Staff Writer
Can Zimbabwe manage to de-dollarize
The Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monitory Area (CMA), also refer...Published: 23 Apr 2019 at 15:18hrs | 6233 | by Victor Bhoroma
Can Zimbabwe manage to de-dollarise?
THE Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monetary Area (CMA), also refer...Published: 19 Apr 2019 at 11:08hrs | | by Victor Bhoroma
Major forex scam hits Nedbank Zimbabwe
A massive scandal has rocked Nedbank Zimbabwe - a local unit of one of South Africa's largest financial services groups - after 28 employees were nabbed by police for allegedly swindling the financial...Published: 07 Apr 2019 at 08:26hrs | 3631 | by Staff reporter
Adcock exits Zimbabwe
SOUTH African pharmaceutical group Adcock Ingram has exited the Zimbabwean market after disposing of its operating subsidiary for an undisclosed amount.The Johannesburg Stock Exchange (JSE)-li...Published: 08 Mar 2019 at 07:02hrs | 1088 | by Staff reporter
Adcock Ingram plots Zimbabwe exit
SOUTH African pharmaceutical group Adcock Ingram says it is assessing the viability of its continued presence in Zimbabwe, given the country's deteriorating economic environment.The Johannesbu...Published: 30 Jan 2019 at 07:58hrs | 991 | by Staff reporter
ZSE charms investors
STOCKBROKERS Association of Zimbabwe vice-president Arnold Dhlamini expects higher trading on the Zimbabwe Stock Exchange (ZSE) due to a rise in inflationary pressures from the recent fuel increases....Published: 17 Jan 2019 at 07:29hrs | | by Staff reporter
Zimbabweans not highly taxed - Zimra
The Zimbabwe Revenue Authority (Zimra) says Zimbabweans are not highly taxed as claimed by some sections of society. Most of these taxes compare favourably with the rest of Sub-Saharan countri...Published: 27 Dec 2018 at 08:57hrs | 3189 | by Staff Reporter
Mliswa threatens to quit
Chairperson of the Mines and Energy parliamentary portfolio committee Temba Mliswa has threatened to resign after Zanu-PF MPs blocked the fielding of testimony by Hwange Colliery board member Nicholas...Published: 04 Dec 2018 at 13:27hrs | 3230 | by Staff reporter
Van Hoogstraten opposes Hwange reconstruction
British businessman Nicholas van Hoogstraten, says he is going to challenge the reconstruction of Hwange Colliery Company Limited (HCCL). Van Hoogstraten holds a 31 percent shareholding in HCCL. ...Published: 04 Dec 2018 at 06:19hrs | 342 | by Staff reporter
PPC hit hard by foreign currency crisis
PPC Zimbabwe Ltd is stuck with R896 million (US$64,2 million) due to its parent company after the local company failed to remit rights issue proceeds and other amounts due to the Johannesburg Stock Ex...Published: 30 Nov 2018 at 09:31hrs | | by Staff reporter
Skeletons tumble as MPs begin investigation
FORMER Mines deputy minister Freddie Moyo has become the latest politician to be linked to the demise of Hwange Colliery Company Limited (HCCL), a development that left the lives of thousands of famil...Published: 18 Nov 2018 at 07:54hrs | 1023 | by Staff reporter
ZSE suspends Hwange Colliery Company
THE Zimbabwe Stock Exchange (ZSE) Limited has suspended Hwange Colliery Company from trading on the bourse following its placement under administration.Last week, the Zimbabwean government - w...Published: 06 Nov 2018 at 05:34hrs | | by Staff reporter
Zimbabwe's $4,2bn platinum deal in limbo
DODGY investment firm Karo Resources, which was controversially allocated vast platinum claims previously held by Zimplats ostensibly to set up a US$4,2 billion plant - a figure which it later disowne...Published: 03 Nov 2018 at 12:58hrs | 2442 | by Staff reporter
Mnangagwa sucked into missing $6,4m mess
PRESIDENT Emmerson Mnangagwa and Mines minister Winston Chitando were yesterday dragged into a case in which $6,4 million pumped into Hwange Colliery Company for exploration, allegedly disappeared, wh...Published: 02 Nov 2018 at 06:18hrs | 3344 | by Staff reporter
Tagwirei drives wedge between Mnangagwa, allies
Businessman Kuda Tagwirei, has triggered off fresh fissures within Zanu-PF and government, with the Sakunda Holdings founder wittingly or unwittingly driving a wedge between President Emmerson Mnangag...Published: 31 Oct 2018 at 13:30hrs | 7385 | by Staff reporter
Nedbank buying back shares from minority shareholders
NEDBANK Group (Nedbank) says it will pay R2 billion (approximately US$139,6 million) to minority shareholders inherited from Old Mutual.The South Africa-based financial institution, which owns...Published: 17 Oct 2018 at 16:02hrs | | by Staff reporter
Choppies suspended on JSE, Botswana Stock Exchange
THE Botswana and Johannesburg Stock Exchanges have suspended trading of Choppies' shares pending clarification over the supermarket chain's failure to release financial results for the year ended 30 J...Published: 28 Sep 2018 at 06:59hrs | 1950 | by Staff reporter
Old Mutual opens eighth one-stop-shop branch in Chinhoyi
Chinhoyi, Zimbabwe - One of Zimbabwe's largest financial service companies, Old Mutual, today opened their eighth one-stop-shop branch in Chinhoyi to offer clients their main financial and banking ser...Published: 17 Sep 2018 at 12:28hrs | 1442 | by Agencies
Egodini to reopen in November 2019
THE developer of the much anticipated Egodini Bus Terminus, Terracotta Private Limited, has revealed that the first phase of the project will be open for trading by November 2019 as they work towards ...Published: 09 Sep 2018 at 08:42hrs | | by Staff reporter
Egodini to reopen in November 2019
THE developer of the much anticipated Egodini Bus Terminus, Terracotta Private Limited, has revealed that the first phase of the project will be open for trading by November 2019 as they work towards ...Published: 09 Sep 2018 at 08:09hrs | 837 | by Staff Reporter
Old Mutual repositions its brand and readies for growth
Following its primary listing on the Johannesburg Stock Exchange (JSE), and secondary relisting on the Zimbabwe Stock Exchange in June 2018, Old Mutual has unveiled a vibrant new brand identity, to re...Published: 21 Aug 2018 at 15:52hrs | 482 | by Agencies
Old Mutual listing on JSE boon for Zim
OLD Mutual Zimbabwe Limited group chief executive officer Jonas Mushosho said the parent company will begin to unlock value now that its primary listing was moved to the Johannesburg Stock Exchange (J...Published: 28 Jun 2018 at 07:16hrs | 444 | by Staff reporter
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