Search / Ppc
Victoria Falls Stock Exchange faces major hurdles
THE Victoria Falls Stock Exchange (VFEX) faces major hurdles going into the New Year with broad macro-economic challenges that are engulfing the economy affecting the bourse.A subsidiary of th...Published: 08 Jan 2021 at 07:46hrs | 417 | by Staff reporter
NRZ targets new mines
THE National Railways of Zimbabwe (NRZ) says it is targeting several new mines that have been established in Zimbabwe to increase freight volumes while government scouts for fresh capital.Effo...Published: 27 Dec 2020 at 08:11hrs | 275 | by Staff reporter
IntlTech - Helping your business succeed
IntlTech is a digital marketing and web development company based in Toronto, Canada. We have got a professional team of online marketers, web developers, designers, SEO specialists, content managers,...Published: 21 Dec 2020 at 23:08hrs | 124 | by Staff writer
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 | 167 | by Staff reporter
PPC Zimbabwe shelves Mt Darwin clinker plant construction
The country's largest cement maker, PPC Zimbabwe, has shelved plans to construct a clinker plant in Mt Darwin, Mashonaland Central Province, due to reduced construction activity in the country....Published: 10 Dec 2020 at 08:53hrs | 1064 | by Staff reporter
Zanu-PF bigwigs jostling to take over from Mnangagwa
IN HUMOROUS remarks that may contain some truth for ambitious Zanu-PF bigwigs, President Emmerson Mnangagwa, joked on Thursday about the sure-fire credentials of the person who would likely succeed hi...Published: 05 Dec 2020 at 20:49hrs | 2681 | by Staff reporter
Mnangagwa tells off western countries
PRESIDENT Emmerson Mnangagwa yesterday savaged western countries for allegedly derailing the development of the country and that of Africa at large.Speaking at the ground-breaking ceremony of ...Published: 05 Dec 2020 at 20:47hrs | 806 | by Staff reporter
Mnangagwa promises to fix PPC challenges
PRESIDENT Emmerson Mnangagwa yesterday toured the US$82 million PPC Zimbabwe Harare milling plant where the cement manufacturer pointed out that it was facing a number of challenges which include the ...Published: 04 Dec 2020 at 06:42hrs | 662 | 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 | 259 | 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 | 651 | 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 | 704 | by Staff reporter
US reviews trade preferences eligibility for Zimbabwe
THE United States of America has announced that it will begin a Generalized System of Preferences (GSP) trade preferences eligibility review for Zimbabwe.Belo...Published: 02 Nov 2020 at 07:01hrs | 2924 | 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 | 460 | 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 | 3462 | by Staff reporter
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 | 1642 | 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 | 571 | 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 | 2379 | 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 | 664 | 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 | 736 | 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 | 2942 | 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 | 7764 | 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 | 2700 | 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 | 393 | 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
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 | 4761 | by Staff reporter
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 | 1102 | by Bloomberg
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 | 1367 | by Victor Bhoroma
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 | 2962 | by Staff reporter
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 | 4364 | by newZWire
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 | 4223 | by Staff reporter
Zimbabwe instability blights Common monetary Area prospects
FORMER Finance minister Tendai Biti says Zimbabwe's economic crisis, characterised by currency volatility, 785% inflation, a gargantuan debt stock estimated at US$10 billion and dwindling exports, hin...Published: 19 Jun 2020 at 08:25hrs | 809 | by Staff reporter
Key economic lessons for Zimbabwe from South Africa
Zimbabwe and South Africa share a long history of trade, socio-economic, political and cultural ties that span for decades. The two countries are separated by a 225km border that runs along the Limpop...Published: 01 Jun 2020 at 15:42hrs | 698 | by Smetch Sibanda
Clueless gaze in the face of free-falling Zimdollar
THE spectacular collapse of the Zimbabwean dollar in the past week has yet again exposed the government's bankrupt currency policies worsening the country's deepening economic crisis.The Zimdo...Published: 29 May 2020 at 08:17hrs | 432 | by Staff reporter
'Restrictions on ZIPIT counter-productive'
IN a desperate bid to halt the rapid weakening of the Zimbabwean dollar, the Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) has, with immediate effect, imposed daily and monthly tr...Published: 29 May 2020 at 08:15hrs | 657 | by Staff reporter
PPC Zimbabwe April sales volumes down 20%
REGIONAL cement maker, Pretoria Portland Cement says it expects to record a 20% decline in sales volumes on its Zimbabwe subsidiary for the month of April due to the impact of the COVID-19-imposed loc...Published: 06 May 2020 at 08:01hrs | 483 | by Cyprian Muketiwa Ndawana
PPC Zimbabwe helps Gwanda disinfect town to curb the spread of COVID-19
THE Gwanda District taskforce on Covid-19 has partnered with local mining companies and the business community in disinfecting the town to curb the spread of Covid-19. The exercise began yeste...Published: 18 Apr 2020 at 08:37hrs | 432 | by Staff reporter
Bulawayo/ Gwanda disinfection programme begins
THE Bulawayo City Council (BCC) yesterday started disinfecting western suburbs while Gwanda town has embarked on a similar exercise to mitigate the spread of Covid-19. Last week BCC disinfecte...Published: 18 Apr 2020 at 08:00hrs | 593 | by Staff reporter
PPC Zimbabwe loses $1,8bn appeal
CEMENT manufacturer PPC Zimbabwe has lost a court appeal against the Zimbabwe Revenue Authority (Zimra), which slapped the company with a 50% penalty for prejudicing the tax collector of a staggering ...Published: 17 Apr 2020 at 08:15hrs | 739 | by Staff reporter
Fungibility suspension to 'materially' affect Old Mutual Zimbabwe share price
DIVERSIFIED financial services group, Old Mutual Limited (OML) has advised shareholders in the Zimbabwean unit that the fungibility suspension order on its shares would materially affect the share pri...Published: 07 Apr 2020 at 07:50hrs | 156 | by Staff reporter
Covid-19 triggers massive share sell-offs on ZSE
Share prices on the Zimbabwe Stock Exchange (ZSE) are expected to plunge during the national lockdown and beyond as companies engage in massive sell-offs on the stock market in the face of the global ...Published: 03 Apr 2020 at 08:52hrs | 212 | by Staff reporter
Lockdown and economic responses
ZIMBABWE went into lockdown on Monday over the Covid-19 pandemic that has seen the United States, at 164 387 cases (at the time of writing, Tuesday), becoming the country with the highest number of co...Published: 03 Apr 2020 at 08:50hrs | 146 | by Brett Chulu
Old Mutual faces money laundering charges
THE Securities and Exchange Commission of Zimbabwe (SECZ) has launched an investigation into suspected illicit activities surrounding trading in fungible stocks linked to three listed companies — Ol...Published: 29 Mar 2020 at 07:27hrs | 1222 | by Staff reporter
War vets support 'fungibility' ban
The Zimbabwe National Liberation War Veterans Association (ZNLWVA) has dismissed a story in a local weekly newspaper headlined "Fungibility shares ban unlawful", as an act of intimidation towards Gove...Published: 27 Mar 2020 at 06:35hrs | 542 | by Staff reporter
Achieving an efficient interbank market
The Zimbabwean government announced that it was going to introduce a managed floating exchange rate system in order to manage exchange rate volatility. The move is also aimed at bringing transparency ...Published: 24 Mar 2020 at 18:32hrs | 1148 | by Victor Bhoroma
Achieving an efficient interbank market
The Zimbabwean government announced that it was going to introduce a managed floating exchange rate system in order to manage exchange rate volatility. The move is also aimed at bringing transparency ...Published: 24 Mar 2020 at 11:58hrs | 927 | by Victor Bhoroma
Zimbabwe shuts down main source of hard currency
Zimbabwe has suspended the transfer of local shares in dual-listed companies to foreign bourses, one of the main ways citizens and businesses have been able to obtain dollars as inflation wipes out th...Published: 17 Mar 2020 at 14:11hrs | 8804 | by Reuters
Zimbabwe suspends international trading of shares for 3 companies
GOVERNMENT has suspended for 12 months the international trading of shares for three local companies, namely Old Mutual, PPC limited and Seedco International, amid suspicion they were driving foreign ...Published: 16 Mar 2020 at 07:06hrs | 635 | by Staff reporter
Mnangagwa's govt suspends fungibility on dual listed shares
Finance and Economic Development Minister Mthuli Ncube has suspended fungibility on dual listed shares for a period of twelve months as part if efforts to stabilise the exchange rate. This com...Published: 15 Mar 2020 at 11:29hrs | 1696 | by Staff reporter
PPC Matopos 33-Miler race date set
THE Bulawayo Athletic Board (BAB) this year expects professional foreign athletes to grace the PPC Matopos 33-Miler Ultra Marathon which has been set for April 4.BAB co-ordinates the country's...Published: 09 Feb 2020 at 06:05hrs | 110 | by Staff reporter
BREAKING: ZANU PF suspends Lewis Matutu and Tsenengamu
Reports coming from Harare indicate ZANU PF Youth League leaders Godfrey Tsenengamu and Lewis Matutu have been suspended from the party after they held a press conference on Monday alleging the state ...Published: 05 Feb 2020 at 14:26hrs | 1987 | by Mandla Ndlovu
Load More Stories
