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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 | 629 | 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 | 236 | by Staff reporter
VFEX gets off the mark as Seed Co Int registers its first trade
The Victoria Falls Stock Exchange registered its first trade this morning, two weeks after its launch. Its sole listed stock Seed Co International, which was yesterday granted full fungibility status,...Published: 06 Nov 2020 at 20:06hrs | 632 | by Staff reporter
Govt restores Seed Co International fungibility
Government has restored full fungibility of Seed Co International shares following the relisting of the company on the Victoria Falls Stock Exchange. It is also part of efforts by the Finance Minister...Published: 06 Nov 2020 at 07:10hrs | 695 | 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 | 458 | by Staff reporter
De-listing wave hits ZSE
FIVE counters have announced plans to de-list from the Zimbabwe Stock Exchange (ZSE), precipitating fears that a new forex-denominated bourse planned for Victoria Falls could ground one of Africa's ol...Published: 16 Oct 2020 at 07:19hrs | 3425 | by Staff reporter
Zimbabwe's business climate can improve
As the Zimbabwe Stock Exchange (ZSE) puts final touches on the infrastructure needed for operations of the Victoria Falls Securities Exchange (VFEX), investors await to see if their major concerns on ...Published: 11 Oct 2020 at 09:57hrs | 174 | by Victor Bhoroma
Zimbabwe govt pleads with sceptical investors over Victoria Falls bourse
FINANCE minister Mthuli Ncube has assured investors that they will be legally empowered to repatriate their earnings on the Victoria Falls Stock Exchange (VFSE).This comes in the wake of an es...Published: 02 Oct 2020 at 07:46hrs | 1630 | by Staff reporter
'Cryptocurrencies can list on Victoria Falls Stock Exchange'
The Zimbabwe Stock Exchange (ZSE) has said cryptocurrencies can list on its foreign currency-only bourse subject to regulatory approval.If the cryptocurrencies-a digital representation of valu...Published: 01 Oct 2020 at 22:10hrs | 554 | by Staff reporter
Will capitalism allow SA to bail Zimbabwe out?
SOUTH AFRICA has taken the unofficial role of Zimbabwe's big brother over the years given its relatively better economy and extensive relationship with the country.When Zimbabwe's socio-econom...Published: 30 Sep 2020 at 07:28hrs | 552 | by Tafara Mtutu
Mnangagwa calls for UN reform
PRESIDENT Mnangagwa has called for mutual respect among nations, genuine multilateralism buttressed by the much-needed reforms in the United Nations (UN) to achieve a peaceful and stable world. ...Published: 25 Sep 2020 at 07:46hrs | 471 | by Staff reporter
Rushed Zim Dollar introduction cost the economy
The Zimbabwean government recently gazetted the Finance Bill (H.B.4 of 2020) which validates the fiscal changes that were tabled in the Mid-Term budget review in July 2020. The Bill amends the Gains T...Published: 22 Sep 2020 at 18:17hrs | 1305 | by Victor Bhoroma
You can't continue to lie in this era of technology
Last week Zimbabweans watched in awe when the ZBC TV serialised a documentary that exposed the alleged abduction of the MDC-Alliance trio of Joanna Mamombe, Cecilia Chimbiri and Netsai Marowa, as a ch...Published: 14 Sep 2020 at 16:38hrs | 1691 | by Innocent Mujeri
MDC Alliance trio turns to prophets
MDC-Alliance activists who faked abduction in May this year have now turned to apostolic prophets in what appears to be a desperate bid, wrapped in superstition and mythology, to have the State's case...Published: 11 Sep 2020 at 07:07hrs | 2556 | by Staff reporter
NRZ slapped with US$236m lawsuit
DIASPORA and Infrastructure Development Group (DIDG) is demanding US$236 million from the National Railways of Zimbabwe (NRZ) as compensation after cabinet controversially terminated the consortium's ...Published: 04 Sep 2020 at 06:23hrs | 2039 | by Staff reporter
Zimbabwe's dangerous drift puts Mnangagwa under spotlight
ZIMBABWE is quiet for now after President Emmerson Mnangagwa clamped heavily on dissent while figures who have led calls for protests have been locked up in jail, with investigative journalist Hopewel...Published: 04 Sep 2020 at 06:15hrs | 2335 | by Alfonce Mbizwo
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 | 661 | by Staff reporter
Demand for cement continues to soar, says PPC
REGIONAL cement maker Pretoria Portland Cement (PPC) says demand for cement in Zimbabwe, where it has a unit, is very strong despite the COVID-19 pandemic and its suspension from trading on the local ...Published: 31 Aug 2020 at 06:39hrs | 731 | by Staff reporter
Mnangagwa 'running out of options'
The government's denials that Zimbabwe is facing deep-seated economic and political crises will only delay the resolution of the multifaceted problems facing the country, analysts have warned....Published: 30 Aug 2020 at 11:12hrs | 9140 | by Staff reporter
RBZ tightens EcoCash squeeze
The Reserve Bank of Zimbabwe (RBZ) has directed Econet Wireless that EcoCash individual subscribers will, with immediate effect, be allowed to transact a maximum of Z$5,000 daily.Individuals a...Published: 26 Aug 2020 at 20:35hrs | 2927 | by Staff reporter
'Zimbabwe now a trillion dollar economy'
The Mid Term Monetary Policy Statement from the Reserve Bank is well worth a read. This is the first overall review following the formation of the Monetary Policy Committee in August 2019. I was privi...Published: 23 Aug 2020 at 20:33hrs | 10201 | by Eddie Cross
Zimbabwe economy finally being 'rigged'
Nelson Chamisa and his MDC-Alliance lost the election in the July 2018 elections of the post-Mugabe era.Reacting to this loss, he cockily pronounced that it was of no consequence.His a...Published: 23 Aug 2020 at 11:10hrs | 817 | by Ambassador Chris Mutsvangwa
Zimbabwean born executive takes over as MTN's President and CEO
MTN has announced the appointment of Zimbabwean born Ralph Mupita as its new group CEO. Mupita will be taking over from Rob Shuter, who is set to step down at the end of August. Mupita, the gr...Published: 19 Aug 2020 at 10:11hrs | 11850 | by Staff reporter
Duduzile Shinya new ICAZ President
Medical Investments Limited's chief financial officer, Duduzile Shinya has been elected the new president of the Institute of Chartered Accountant of Zimbabwe (ICAZ) for the term 2020/21.She w...Published: 07 Aug 2020 at 21:51hrs | 1229 | by Staff reporter
Zimdollar return premature, says Gono
FORMER Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has said the reintroduction of the Zimbabwean dollar, which has been rapidly losing value since its re-introduction in June last year, was pr...Published: 07 Aug 2020 at 09:10hrs | 7758 | by Staff reporter
Mnangagwa's two-year rule: The verdict is 'total disaster'
TWO years after winning the disputed 2018 poll, President Emmerson Mnangagwa's administration has performed dismally towards implementing political and economic reforms perceived as key to ending Zimb...Published: 07 Aug 2020 at 09:07hrs | 2694 | by Staff reporter
ZSE reopens amid $240m loss
THE Zimbabwe Stock Exchange (ZSE) will resume trading tomorrow after a month-long government shutdown that saw the bourse losing at least $240 million in potential revenue.On June 29, the gove...Published: 02 Aug 2020 at 09:21hrs | 389 | by Staff reporter
ZSE to resume trading on 3 August 2020
The Zimbabwe Stock Exchange is set to resume trading on August 3, 2020 without three of the dual-listed stocks, which have been suspended to allow further consultations. In a statement, F...Published: 28 Jul 2020 at 17:42hrs | 563 | by Staff reporter
Old Mutual to stop trading its shares on the Zimbabwe Stock Exchange
Old Mutual is poised to stop trading its shares on the Zimbabwe Stock Exchange, the latest step in the government's efforts to bring order to its chaotic foreign-exchange market.The insurer ag...Published: 27 Jul 2020 at 21:33hrs | 3690 | by Bloomberg
Was the shutting down of mobile money, ZSE a necessary evil?
ON June 26, 2020 the Information ministry announced in a tweet that all mobile money transactions and the Zimbabwe Stock Exchange (ZSE) would stop transacting forthwith.The authorities halted ...Published: 26 Jul 2020 at 11:11hrs | 2711 | by Admire Maparadza Dube
Zimbabwe govt, Old Mutual smoke peace pipe
GOVERNMENT is set to hold a crucial meeting with Old Mutual over the standoff between the two parties in which the largest financial services company has been accused of stoking currency volatility on...Published: 24 Jul 2020 at 08:21hrs | 4756 | by Staff reporter
'Mutsvangwa plotting November 2017 style coup over Econet'
STRIVE Masiyiwa's Econet mobile network says its existence was under threat from former President Emmerson Mnangagwa's advisor Christopher Mutsvangwa.Mutsvangwa, according to court papers file...Published: 22 Jul 2020 at 08:41hrs | 4240 | by newzimbabwe
Plans afoot to reopen ZSE
The government may allow trade on the Zimbabwe Stock exchange (ZSe) to resume as early as this week, according to three people familiar with the situation.The plans for the reopening have yet ...Published: 19 Jul 2020 at 09:23hrs | 1100 | by Bloomberg
Zimbabwe headed for upheaval, report says
WITH security forces having seized control of economic and financial policy at a time of shrinking GDP and skyrocketing inflation, Zimbabwe is facing its worst crisis in more than a decade.Bas...Published: 19 Jul 2020 at 09:23hrs | 16872 | by Elliot Smith
Key aspects sinking the Zimbabwean Dollar
The Zimbabwean economy is rapidly re-dollarizing, less than 12 months after the government banned the trading of multiple currencies through Statutory Instrument 142 of 2019 and introduced a local cur...Published: 19 Jul 2020 at 07:03hrs | 3360 | by Victor Bhoroma
Assault on property rights closes Zimbabwe for business
The government directive to suspend the Zimbabwe Stock Exchange (ZSE) operations on the 26th of June 2020 and the recent political threats to eject Old Mutual Zimbabwe, PPC and SeedCo International fr...Published: 19 Jul 2020 at 07:00hrs | 1363 | by Victor Bhoroma
Former Bulawayo mayor says govt estates must be independent of each other
Former Mayor of Bulawayo Martin Moyo has said government estates such as the parliament, executive and the judiciary must work independent of each other so as to influence public interests issues and ...Published: 17 Jul 2020 at 13:51hrs | 1876 | by Stephen Jakes
'Mthuli economic review damp squib'
ZIMBABWE'S main opposition MDC Alliance party yesterday described the 2020 midterm budget and economic review statement presented by Finance Minister Mthuli Ncube as a damp squib for failing to addres...Published: 17 Jul 2020 at 07:46hrs | 1223 | by Staff reporter
ZSE resumes trading
The Zimbabwe Stock Exchange (ZSE) will resume the trading of shares next week minus three fungible securities, nearly a month after the local bourse was forced to suspend trades on allegations of spec...Published: 16 Jul 2020 at 08:03hrs | 2958 | by Staff reporter
Zanu-PF recommends Victoria Falls Stock Exchange for Old Mutual
The country's ruling party, Zanu-PF has called for the compulsory delisting of Old Mutual from the Zimbabwe Stock Exchange but to protect its local shareholders, it has recommended that it lists on th...Published: 14 Jul 2020 at 20:11hrs | 1830 | by Staff reporter
FULL TEXT: ZANU PF speaks on Old Mutual
ZANU PF is totally opposed to the fungibility of the Old Mutual Shares and to this end it reaffirms its policy position that the ZSE should compulsorily de-list the Old Mutual Limited shares from trad...Published: 14 Jul 2020 at 18:13hrs | 2156 | by Patrick Chinamsa
Zanu-PF wants Old Mutual out of Zimbabwe Stock Exchange, fungibility at risk
Zimbabwe's ruling party wants Old Mutual's listing on the Zimbabwe Stock Exchange terminated, an official said, clarifying a weekend statement in which it called for the company to be "ejected" from t...Published: 14 Jul 2020 at 11:43hrs | 3135 | by Bloomberg
Panic Chinamasa and the Old Mutual threat
WHAT did Zanu-PF politburo member Patrick Chinamasa mean when he said the ruling party had endorsed a decision to "eject Old Mutual from the financial system"? Nobody knows. Not even Old Mutual itself...Published: 14 Jul 2020 at 08:43hrs | 4359 | by newZWire
Time to redeem Zimbabwe from its political & economic strangulation
The levels of failure by this Zanu PF regime has no comparison. The people have lost faith in the ruling party and whatever the party touches it slips like an eel, hence the majority can no longer tru...Published: 14 Jul 2020 at 07:53hrs | 788 | by Leonard Koni
Old Mutual's Zimbabwe operations continue to 'run as normal'
Old Mutual Zimbabwe says it is still seeking clarity on what the ruling Zanu-PF party meant when it said the group had been "ejected" from the country's financial system.The insurance giant ha...Published: 13 Jul 2020 at 16:40hrs | 2128 | by Staff reporter
Biti roasts 'cruel' Mnangagwa
MDC Alliance vice president and ex-finance minister Tendai Biti says government's controversial closure of the Zimbabwe Stock Exchange (ZSE) has vindicated critics' claims President Emmerson Mnangagwa...Published: 12 Jul 2020 at 11:13hrs | 5828 | by newzimbabwe
Zanu-PF to expel Old Mutual from Zimbabwe?
Zimbabwe's ruling party said it will expel Old Mutual Ltd. from its financial system, sowing confusion over the status of the insurance giant in the country and what will happen next in the government...Published: 11 Jul 2020 at 16:47hrs | 10840 | by Bloomberg
Mthuli Ncube faces uphill task
FINANCE minister Mthuli Ncube, expected to present his mid-term budget statement next week, faces a daunting task to craft a cocktail of measures to stem the steepest economic decline in Zimbabwe sinc...Published: 10 Jul 2020 at 07:21hrs | 4216 | by Staff reporter
Zimbabwe security chefs fingered in mobile money suspension
Zimbabwe's security force leaders sidelined the nation's economic chiefs and forced the government to close the stock exchange and halt most mobile-money transactions, people familiar with the situati...Published: 30 Jun 2020 at 22:44hrs | 5881 | by Staff reporter
Plot to destabilise Zimbabwe economy exposed?
AS Government intensifies efforts to close channels that are fuelling the black market and other illicit financial activities, it has emerged that some foreign nations and individuals have been trying...Published: 30 Jun 2020 at 07:52hrs | 2114 | by Staff reporter
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