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Herbert Nkala to exit OK Zimbabwe in restructuring move
OK Zimbabwe has announced a major leadership reshuffle and a US$30.5 million capital-raising initiative aimed at stabilising operations and restoring market confidence, as the retail giant battles int...Published: 29 Jun 2025 at 11:17hrs | 215 | by Staff reporter
NSSA chair implicated in extortion case
National Social Security Authority (NSSA) chairman Emmanuel Fundira was questioned by police on Wednesday in connection with an extortion case involving former Rainbow Tourism Group (RTG) senior emplo...Published: 17 Mar 2025 at 09:37hrs | 463 | by Staff reporter
MTN earnings to plummet
MTN Group has issued a trading statement to shareholders, warning of a substantial decline in earnings for the year ending 31 December 2024. The telecommunications giant expects to report a more than ...Published: 27 Feb 2025 at 12:19hrs | 406 | by Staff reporter
Corporate Raiding Plot Unraveling: Nssa and RTG Directors Meet to Tackle Manipulation of Share Prices and Takeover Attempt
NATIONAL Social Security Authority (Nssa) and Rainbow Tourism Group (RTG) directors and management executives are set to meet today to deal with the plot to take over the tourism and hospitality giant...Published: 25 Feb 2025 at 13:16hrs | 364 | by NewsHawks
Crisis meeting over RTG alleged takeover plot
Directors and senior executives from the National Social Security Authority (NSSA) and Rainbow Tourism Group (RTG) are set to meet today in an urgent bid to address a suspected plot to manipulate the ...Published: 24 Feb 2025 at 09:25hrs | 1668 | by Staff reporter
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1543 | by NewsHawks
Choppies considers exiting Zimbabwe
Choppies Enterprises Limited has announced its intention to sell the business operations of its wholly-owned subsidiary, Nanavac (Pty) Ltd, trading as Choppies Zimbabwe, subject to discussions and reg...Published: 29 Nov 2024 at 18:26hrs | 6216 | by Staff reporter
South African Rand takes a hit
The rand and a number of South African stocks took a hit on Monday as investors moved away from purchasing riskier assets, and it became evident that the US may enter a recession.The rand was ...Published: 06 Aug 2024 at 09:12hrs | 1346 | by Staff reporter
Matinyarare's 'Innscor has destroyed the taste of Zim food' comments cause consternation
If Zimbabwe Stock Exchange (ZSE)-listed food giant Innscor was hoping to avoid press scrutiny, it could hardly have chosen a more self-destructive path than seeking a gag order against journalist Rute...Published: 04 Mar 2024 at 21:20hrs | 6 | by Staff reporter
Innovative Ventures: Investing in Startups and High-Yield Bonds
High-risk investments often bear a striking resemblance to the world of casinos—a realm filled with the allure of great rewards and the ever-present risk of substantial losses. In this article, we'l...Published: 27 Nov 2023 at 12:32hrs | 29 | by Staff Reporter
CBZ close to ZB takeover
CBZ Holdings Limited (CBZHL) is on the verge of acquiring a controlling stake in ZB Financial Holdings Limited (ZBFHL) as part of its strategy to become a significant player in the financial services ...Published: 14 Sep 2023 at 06:34hrs | 15 | by Staff reporter
Multichoice believes Zimbabwe may prove a better market than Nigeria
Multichoice, which is banking on economic and monetary policy reforms in Nigeria to offset exchange rate losses, considers Zimbabwe an important market that is better than its West African counterpart...Published: 06 Jul 2023 at 09:17hrs | 2 | by Staff reporter
Zimdollar nosedives
By close of business on Thursday, soldiers, police, health workers and other civil servants in Zimbabwe went home with the reality that their salaries could barely buy 30 loaves of bread.This ...Published: 09 Jun 2023 at 17:09hrs | 1 | by Staff reporter
Masiyiwa now among 20 richest black men in the world
Following a US$1.5-billion wealth loss in 2022, Zimbabwe's richest man Strive Masiyiwa has seen a strong rebound in his net worth since the beginning of 2023, owing to a surge in the shares of his pub...Published: 08 Apr 2023 at 10:28hrs | 3 | by Staff reporter
UK-based Vast Resources commends Mnangagwa govt
LONDON based mining and resource development company, Vast Resources has hailed President Emmerson Mnangagwa's administration for commitment in resolving legacy issues at a time when the miner' share ...Published: 06 Feb 2023 at 04:57hrs | 2 | by Staff reporter
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 | 18 | by Moyo Roy
Econet among Africa's top 250 companies
Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have been named among Africa's top 250 companies by the African Business magazine.Every Year the African Business top 2...Published: 17 Jan 2023 at 16:21hrs | 2 | by Staff reporter
Mthuli Ncube scraps REIT limits
FINANCE minister Mthuli Ncube has scrapped a limit to the types of property that can be listed under the real estate investment trust (REIT), amid revelations that collective investment schemes under ...Published: 01 Dec 2022 at 04:57hrs | 3 | by Staff reporter
UK company increases stake in Zimbabwe mining projects
LONDON based opportunity driven firm, Galileo Resources Plc, has increased its stake in BC Ventures, which holds lithium and gold projects in the South West part of Zimbabwe.The transaction fo...Published: 14 Aug 2022 at 07:22hrs | 1 | by Staff reporter
Masiyiwa surpasses Patrice Motsepe to become the richest black man in Southern Africa
Strive Masiyiwa is now the richest black man in Southern Africa, with a net worth surpassing $4.4 billion – dethroning Patrice Motsepe from the position, according to one count.Masiyiwa's ne...Published: 30 Apr 2022 at 16:14hrs | 1 | by Staff reporter
Strive Masiyiwa net worth jumps 125%
The net worth of Zimbabwe's telecoms tycoon Strive Masiyiwa, who has recently been appointed to the Bill and Melinda Gates Foundation board, has surged 125 percent to US$2.7 billion (R41.3 billion), F...Published: 28 Jan 2022 at 05:55hrs | 1 | by Staff reporter
Masiyiwa ranked 10th and US$100m richer
Africa's billionaires are richer than they have been in years, despite the global pandemic. As a group, the continent's 18 billionaires are worth an estimated $84.9 billion - a 15% increase from twelv...Published: 25 Jan 2022 at 17:43hrs | 11 | by Staff reporter
Caledonia CEO to leave next year
CALEDONIA Mining Corporation chief executive Steve Curtis will retire at the end of June next year, six months after leading the firm's listing on the Victoria Falls Stock Exchange (VFEX).The ...Published: 23 Dec 2021 at 05:40hrs | 13 | by Staff reporter
CBZ swoops on FML shares as new financial group emerges
CBZ Holdings, currently trading under cautionary, has secured a 31.22% stake in First Mutual Holdings Limited (FML), paving the way for the creation of a US$2.5 billion financial behemoth to rival Old...Published: 13 Nov 2021 at 17:38hrs | 14 | by Staff reporter
Zimbabwe's annual inflation seen at 65% by year-end
ZIMBABWE'S annual inflation will likely end the year between 55% and 65% against a government forecast of 53%, due to volatility of the parallel market exchange rate, researchers at Inter Horizon (IH)...Published: 05 Nov 2021 at 06:45hrs | 1 | by Staff reporter
Zimbabwean banker in failed West Ham bid
A LONDON-BASED Zimbabwean investment banker was part of a failed bid by a high-powered consortium, which wanted to take over high-flying English Premiership club West Ham United, in a deal worth about...Published: 03 Nov 2021 at 05:20hrs | 4 | 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 | 13 | by Staff reporter
Zimbabwe ranked second least happy country in the world
The 2021 World Happiness Report is out, and Zimbabwe ranked one step above Afghanistan, the world’s unhappiest country in the world. A total of 149 countries made the pool of countries that were ran...Published: 31 Jul 2021 at 20:02hrs | 2 | by Tafara Mtutu
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 | 2 | by Staff reporter
Tremors shake Old Mutual SA after ZSE clampdown
JOHANNESBURG Securities Exchange (JSE) listed financial services powerhouse Old Mutual Limited (OML) says crucial negotiations were underway to strike a deal with Harare following the suspension of it...Published: 28 Mar 2021 at 06:58hrs | 16 | 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
ZSE outsmarts African peers
THE Zimbabwe Stock Exchange (ZSE) was the second best performing bourse, after the Egyptian Exchange, last week among seventeen regional stock markets tracked by researchers at African Markets....Published: 22 Jan 2021 at 06:41hrs | 12 | by Staff reporter
Share swap exposes Tagwirei's vast web
A transaction in which the National Social Security Authority (NSSA) disposed of its 37,79% ZB Financial Holdings (ZBFH) shareholding was a swap deal that saw the authority clinching CBZ shares worth ...Published: 04 Dec 2020 at 07:27hrs | 18 | 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 | 3 | by Staff reporter
Allan Gray hopes that courts rule in Trevor Manuel's favour against Peter Moyo
Not deterred by the bloody corporate battle at Old Mutual, the investment manager Allan Gray now owns more than 10% of the life insurer.Old Mutual CEO, Peter Moyo, was fired in June after accu...Published: 21 Aug 2019 at 11:55hrs | 2 | by Staff reporter
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
Peter Moyo wants Trevor Manuel declared in contempt of court
Old Mutual will head to court on Friday to battle it out with its on-again, off-again CEO Peter Moyo in the second round of a corporate clash that Moyo has dubbed "David vs. Goliath" in court papers. ...Published: 13 Aug 2019 at 16:14hrs | | by Staff reporter
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 | 1 | 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
To publish or not to?
It’s common cause that if you choose not to tell your own story, someone will do it for you and sell to the whole world that which he wants it to believe about you, which leaves you at high risk of ...Published: 11 Aug 2019 at 07:25hrs | | by Persistence Gwanyanya
'Delinquent' Old Mutual board begs Peter Moyo for talks
Old Mutual's board struck a conciliatory tone on Wednesday, saying the nasty fight between the insurer and axed CEO Peter Moyo had dragged on for too long and it was perhaps time for the two parties t...Published: 08 Aug 2019 at 08:48hrs | | by Staff reporter
Mthuli Ncube riles industry
FINANCE minister Mthuli Ncube was yesterday taken to task by captains of industry for suspending the production of annualised inflation figures, saying the policy move can trigger rampant speculation....Published: 06 Aug 2019 at 13:00hrs | 1 | by Staff reporter
New regulations tame bourse arbitrage window
THE 90-day disposal window of dual listed securities or shares bought by investors on the Zimbabwe Stock Exchange is a positive move as it tames arbitrage opportunities and externalisation of funds, e...Published: 27 Jun 2019 at 06:33hrs | | by Staff reporter
Scrapping of multi-currency regime: The implications
ON Monday, the government announced major changes in the monetary policy of Zimbabwe, highlighted by the ending of a 10-year multi-currency system.Further measures announced include the intend...Published: 26 Jun 2019 at 07:32hrs | 2 | by Respect Gwenzi
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 | 5 | by Staff reporter
Rising demand pushes the ZSE
The Zimbabwe Stock Exchange (ZSE) climbed significantly during the week ended June 14 2019, on rising demand across the board. The market recorded gains for the 12th week in a row. All equity gauges t...Published: 16 Jun 2019 at 09:43hrs | 36 | by Fungai Nyaungwa
I say no to executive share option lets have minority and all employees
According to adverts placed with the media on the 24th May 2019, TSL Limited Annual General Meeting (AGM) one of the resolution is to be approved is, "TSL 2018 Executive Share Appreciation Rights Plan...Published: 25 May 2019 at 14:56hrs | 2 | by Engineer Jacob Kudzayi Mutisi
Jonathan Moyo must be puking as Strive Masiyiwa's fortune rises to US$2.3bn
exiled Former G40 Kingpin Professor Jonathan Moyo last week made a jibe on telecommunications guru Strive Masiyiwa saying that Masiyiwa is a Bond-note billionaire, a reference to the local currency th...Published: 15 Jan 2019 at 20:25hrs | 14 | by Staff reporter
'ZSE downward trend likely to persist'
The downward trend that has characterised the Zimbabwe Stock Exchange since October last year is likely to persist in 2019 as the allure of protecting value wears off, analysts have said.The Z...Published: 06 Jan 2019 at 09:47hrs | 1 | by Staff reporter
Strive Masiyiwa's Econet stranglehold challenged as shareholder tussle breaks out
AFTER years of brutal hyperinflation, Zimbabwe became known as a place where cash was almost worthless. Now, investors are fighting over EcoCash, the country's homegrown PayPal-like service that has z...Published: 03 Jan 2019 at 09:32hrs | 1 | by Gabriele Steinhauser I The Wall Street Journal
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