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Zimbabwe asset managers shift away from equities
The Securities and Exchange Commission of Zimbabwe (SecZim) has called on the Zimbabwe Stock Exchange (ZSE) to urgently work on recovering lost market share, amid revelations that local asset managers...Published: 11 Jul 2025 at 09:15hrs | 514 | 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
Cyril Ramaphosa arrives in Zimbabwe for SADC Summit
South African President Cyril Ramaphosa has arrived at Robert Gabriel Mugabe International Airport for the 44th SADC Summit. He was welcomed by Zimba...Published: 17 Aug 2024 at 12:28hrs | 153 | by Staff reporter
Zimbabwe to support Mozambique ports project
Speaking during a wide-ranging press briefing at the ruling Zanu-PF party headquarters in Harare yesterday, national spokesperson Ambassador Christopher Mutsvangwa said a number of ports are under dev...Published: 16 Jan 2024 at 04:36hrs | 1 | by Staff reporter
Zimbabwe CEOs push back on salaries disclosure
THE chief executives (CEOs) of firms trading their shares on Zimbabwe's two stock exchanges have slapped down proposed regulations that would force them to disclose their earnings in line with interna...Published: 22 Dec 2023 at 18:16hrs | 22 | by Staff reporter
Edd Branson in ambitious plan to empower Zimbabwe's creative industry
Artist Nutty - O and Arts entrepreneur Plot Mhako sparked a vicious debate on social media when they stated that Zimbabwe did not have a music label and that the creative industries in Zimbabwe were s...Published: 16 Jul 2023 at 17:26hrs | 11 | by Mandla Ndlovu
Mthuli Ncube to headline London Zimbabwe capital markets conference
Finance and Economic Development Minister, Professor Mthuli Ncube, is next month expected to headline the Zimbabwe Capital Markets conference in London which seeks to showcase the opportunities and br...Published: 06 Mar 2023 at 05:14hrs | 2 | by Staff reporter
Mnangagwa woos investors at AfDB organised forum
PRESIDENT Emmerson Mnangagwa has invited investors who graced the recently held Africa Development Bank (AfDB) organised event to tap into the country's agricultural, mining and manufacturing sectors ...Published: 13 Nov 2022 at 17:32hrs | 3 | by Staff reporter
'Puppets will never rule Zimbabwe'
PRESIDENT Mnangagwa yesterday said time has come to vote out corrupt opposition councillors whose parties have not only run down local authorities but are puppets of Western countries that want to rem...Published: 26 Jul 2022 at 06:37hrs | 10 | by Staff reporter
CBZ to introduce exchange trade fund
CBZ Asset Management says it will introduce an exchange trade fund (ETF) tomorrow, which tracks the Zimbabwe Stock Exchange (ZSE) modified consumer staples index.This comes as the Securities a...Published: 02 Mar 2022 at 05:34hrs | 1 | by Staff reporter
Some churches may soon get listed on Stock Exchanges
The practice and tradition of assembling for worship and fellowshipping in furtherance and spreading of the Gospel is an act every believer must do. Hebrews 10 verses 23-25 is very loud and clear on t...Published: 17 Dec 2021 at 12:20hrs | 34 | by Thomas Tondo Murisa
Hwange struggles to obtain working capital
HWANGE Colliery Company Limited has struggled to access crucial lines of credit from domestic banks and international lenders since slipping into administration about two years ago, judicial manager D...Published: 12 Oct 2021 at 06:00hrs | 1 | by Staff reporter
Bitcoin pyramid scheme collapses
INNOCENT Matongo, a Zimbabwean expatriate worker based in Boksburg, South Africa is ruing the day he decided to latch on to a get-rich-quick scheme.After investing thousands of United States d...Published: 05 Sep 2021 at 06:52hrs | 14 | by Emmanuel Kafe
Group demands ZSE listings for Fidelity suitors
INVESTORS interested in taking up equity in the central bankrun Fidelity Printers and Refiners (FPR) should agree to list on at least one of the country's stock exchanges in order to enhance transpare...Published: 29 Aug 2021 at 07:15hrs | 1 | 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 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 | 1 | 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 | 1 | by Staff reporter
ZSE, BSE set to partner
The Zimbabwe Stock Exchange (ZSE) and Botswana Stock Exchange (BSE) are next month set to sign a memorandum of understanding (MoU), whose aim is to explore areas of co-operation between the two entiti...Published: 28 Aug 2019 at 07:46hrs | 1 | by Staff reporter
ZSE to maintain dual listing for local companies
DUAL listing remains the most viable option for local listed companies and the Zimbabwe Stock Exchange (ZSE) will not dump its plan to collaborate with other offshore bourses despite the 90-day morato...Published: 12 Jul 2019 at 09:18hrs | | 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 | 5 | by Staff reporter
Mutsvangwa pins parallel market financial distortions on Old Mutual
FORMER Presidential Advisor Ambassador Chris Mutsvangwa has blamed Old Mutual for causing parallel market financial distortions where the exchange rate has "inordinately" risen due to the Old Mutual I...Published: 24 May 2019 at 06:39hrs | 12 | by Staff reporter
Chinese exit Bindura
Chinese mining and exploration group ASA Resources Group says it is tying up a deal to sell-off its shareholding in Bindura Nickel Corporation (BNC), which will see it exit the Zimbabwean market....Published: 20 Dec 2018 at 06:53hrs | | 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 | | by Staff reporter
Van Hoogstraten opens up on Hwange Colliery
BRITISH businessman Nicholas van Hoogstraten yesterday opened up to journalists on the demise of Hwange Colliery Company Limited, saying it was being run down by corruption and financial mismanagement...Published: 04 Dec 2018 at 06:41hrs | 2 | by Staff reporter
'Mnangagwa refused Hwange concession licence renewal'
PRESIDENT Emmerson Mnangagwa used his Executive powers to refuse Hwange Colliery a renewal licence for the Western area concession, Mines minister Winston Chitando told Parliament yesterday, a claim w...Published: 06 Nov 2018 at 05:35hrs | 3 | 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 | 2 | 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 | 3 | 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 | 13 | by Staff reporter
Infrastructure financing key for Zim's economy
Infrastructure is the backbone of economies throughout the universe. An efficient and well-maintained infrastructure is critical in sustaining an economy.Infrastructure is considered a key com...Published: 19 Jul 2018 at 06:36hrs | 7 | by Dephine Mazambani
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 | 2 | by Staff reporter
Old Mutual Zim relists on Zimbabwe Stock Exchange
Old Mutual Zimbabwe has relisted on the Zimbabwe Stock Exchange (ZSE) as a part of a broader group strategy to focus its business in Africa.Yesterday, Old Mutual Plc's shares were suspended fr...Published: 26 Jun 2018 at 15:15hrs | 1 | by Staff reporter
Hwange boss denies resignation claims
A SHOWDOWN is looming between suspended Hwange Colliery Company Ltd managing director Thomas Makore and the board after he denied claims he had resigned.It has emerged Eng Makore only agreed t...Published: 29 May 2018 at 06:56hrs | 1 | by Staff reporter
South Africa is the 33rd wealthiest country in the world
As part of the AfrAsia Bank South Africa Wealth Report 2018 we looked at where South Africa stands in the global wealth picture.According to the report, SA ranks 33rd worldwide in terms of tot...Published: 24 Apr 2018 at 16:01hrs | 1 | by Agencies
NRZ revival to ease HCCL transport costs
THE revival of the National Railways of Zimbabwe (NRZ) is expected to help Hwange Colliery Company Limited overcome the high costs of transporting coal by road, the company said in its results ending ...Published: 03 Apr 2018 at 06:51hrs | 1 | by Staff reporter
Hwange Colliery listed on Zimbabwe and London Stock Exchange - Chitando
Minister of Mines and Mining Development Winston Chitando has told parliament that despite the government of Zimbabwe owning 37% shares at the Hwange Colliery, the company is listed under the Zimbabwe...Published: 28 Mar 2018 at 07:35hrs | | by Stephen Jakes
Trump is right to put America first
We don't agree with Trump very much. But where we do agree with him is on his aim to put America first. Extreme poverty is the normal condition throughout Africa only because African nations, and inde...Published: 27 Jan 2018 at 06:38hrs | 1 | by David Barber & Tendai Ruben Mbofana
Zimbabwe mulls new mining tax
Zimbabwe is planning to introduce a new mining tax this year aimed at boosting the country's depleting revenue streams, businessdaily has established.Finance minister Patrick Chinamasa said th...Published: 10 Jan 2017 at 06:24hrs | 1 | by Staff reporter
African exchanges should focus on smaller businesses
The African growth story is no longer a fairy tale. Over the past decade, multinational companies, private equity funds and infrastructure development programmes have channeled capital to the continen...Published: 29 Nov 2016 at 09:53hrs | | by Nonkululeko Nyembezi-Heita
Land allocation in Matebeleland marginilising locals
Dear Editor, There seems to be an unfair allocation of land in Matebeleland that continues to go on as if it's acceptable and authorized from some powerful offices. We have been watching with ...Published: 22 Nov 2016 at 11:38hrs | | by Brian Moyo
Africa after Brexit
African economies may be severely affected by Britain's exitBy 6:30 a.m. on 24 June, less than 12 hours after a successful referendum on Brexit (Britai...Published: 06 Aug 2016 at 07:35hrs | 3 | by Amelia Tan
Telecel aims to reclaim market share
Telecel has crafted a business revival strategy aimed at increasing its subscriber base and reclaiming its market share. Telecel CE, Angeline Vere, said the company was working on turning arou...Published: 29 Sep 2015 at 07:06hrs | | by Staff reporter
NMB CEO resigns due to ill health
The Board of Directors of NMBZ Holdings has announced that Mr James A. Mushore will step down as Chief Executive Officer and Director of NMBZ Holdings and NMB Bank due to ill health, effective 31 Octo...Published: 27 Oct 2014 at 09:57hrs | 1 | by Staff reporter
Prophet Makandiwa, Magaya, Madzanire and their Power
Walter Magaya, Emmanuel Makandiwwa, and Eubert Madzanire (affectionately surnamed Angel), have taken Zimbabwe's church-sphere by storm. But little is known of their upbringing and ...Published: 07 Sep 2014 at 16:12hrs | 82 | by Thomas Murambiwa
Bring back the Zimdollar
Section 317(c) of our constitution states that there should be a central bank whose purpose is, inter alia, "to protect the currency of Zimbabwe in the interest of balanced and sustainable economic gr...Published: 25 May 2014 at 19:32hrs | | by Clemence Machadu
Prophet Makandiwa's private life exposed
United Family International Church (UFIC) founder Emmanuel Makandiwa owns a controlling stake in Zimbabwe Stock Exchange-listed Radar Holdings (Private) Limited (Radar) among other multi-million dol...Published: 06 Feb 2014 at 13:15hrs | 14 | by Staff reporter
'Zim must not expect any economic miracles, I'm not Makandiwa'
Finance Minister Patrick Chinamasa warned Zimbabweans not to expect any economic miracles as he is not UFIC founder, Prophet Emmanuel Makandiwa.Speaking at the ZIA investment awards last nigh...Published: 28 Nov 2013 at 13:12hrs | 6 | by Staff reporter
Retail investment into Africa tops R25m, says Imara S.P. Reid
Individual South Africans have committed more than R25 million to retail investment in sub-Saharan Africa, says Illovo-based Imara S.P. Reid Stockbrokers, believed to be the first firm to create an in...Published: 17 Sep 2013 at 08:40hrs | 14 | by Carol
New Cabinet will likely boost share prices
SHARE prices on the Zimbabwe Stock Exchange will pick up once a new Cabinet has been named, Securities Commission of Zimbabwe chairperson Mrs Willia Bonyongwe has said. Mrs Bonyongwe said the...Published: 02 Sep 2013 at 21:29hrs | 1 | by Staff Reporter
Dr Nkosana Moyo appointed non-executive director of Old Mutual Plc
Old Mutual plc has announced that Dr Nkosana Moyo has agreed to join its Board as an independent non-executive director with effect from 1 September 2013. He will also become a member of the Board Ris...Published: 02 Sep 2013 at 04:57hrs | | by Staff reporter
SECZ, ZSE shortlisted for prestigious Africa award
The Securities Commission of Zimbabwe and the Zimbabwe Stock Exchange have been shortlisted for the prestigious Africa investor Index Series awards. The awards, which are the only pan-African ...Published: 29 Aug 2013 at 04:37hrs | 2 | by Business Reporter
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