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Zimbabwe capital markets conferences set for SA
FINANCIAL Markets Indaba (FMI), in partnership with the Victoria Falls Stock Exchange (VFEX) is set to co-host two Zimbabwe capital markets conferences in South Africa next month, NewsDay Business can...Published: 22 Mar 2024 at 09:38hrs | 2 | by Staff reporter
Zimbabwean companies descend on the London Stock Exchange
Zimbabwean companies and corporate executives from home and in the diaspora will tomorrow descend on the London Stock Exchange (LSE) - one of the world's biggest bourses in the world with a market cap...Published: 19 Apr 2023 at 20:39hrs | | by Staff reporter
Zanu PF launches 'Zimbabwe is open for business: Mark 2' Someone is making a killing from these dunderheads!
The Zanu PF spirit to revive the Zimbabwe economy is willing but the intellect is weak!When then Vice President Emmerson Mnangagwa and his fellow conspirator staged the November 2017 military ...Published: 08 Mar 2023 at 20:07hrs | | by Nomusa Garikai
Zimbabwe to woo capital markets investors in London
ZIMBABWEAN government officials and corporate leaders are gearing for a major capital markets conference in London, United Kingdom, during the last week of next month to mobilise private capital to fi...Published: 08 Mar 2023 at 05:27hrs | | by Staff reporter
SECZ boss steps down
SECURITIES and Exchange Commission of Zimbabwe (SECZ) chief executive officer, Mr Tafadzwa Chinamo, says he is stepping down as a happy man after achieving his mission of bringing back investor confid...Published: 04 Jan 2022 at 05:56hrs | 5 | by Staff reporter
ZSE counter opens strong
The Zimbabwe Stock Exchange (ZSE) opened the week strong, registering a 124% jump in turnover to $5,15 million from last week.Trading on the market was disturbed in the wake of labour unrest, ...Published: 23 Jan 2019 at 11:24hrs | | by Staff reporter
Zimbabwe equities market suspends trade
TRADING on Zimbabwe's equities market was suspended this week after mass protests and civil unrest unnerved investors in a week punctuated by clashes between state security agents and protestors in mo...Published: 19 Jan 2019 at 10:57hrs | | 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
Mthuli Ncube says Zimbabwe economy will stabilise, price shocks are transitory
Finance and Economic Development Minister Professor Mthuli Ncube has said the price shocks that were recently experienced by the market are temporary as the economy adjusts to the new policies, which ...Published: 14 Oct 2018 at 08:12hrs | | by Staff Reporter
ZSE market capitalisation breaches $16bn mark
THE Zimbabwe Stock Exchange (ZSE) market capitalisation hit $16,7 billion on Tuesday, about 67% of the gross domestic product, as investors took shelter in equities to escape Zimbabwe's currency crisi...Published: 11 Oct 2018 at 06:39hrs | 2 | by Staff reporter
Prices spike over Mthuli Ncube's new tax plan
PRICES shot up by up to 10% yesterday, as suppliers and manufacturers reacted to the introduction of a 2% tax on money transfer transactions by new Finance minister, Mthuli Ncube in a move that could ...Published: 03 Oct 2018 at 07:25hrs | | by Staff reporter
Chamisa challenge weighs down ZSE
THE Zimbabwe Stock Exchange (ZSE)'s market capitalisation lost over $200 million last week as the market indices continued to be held down by the uncertainty around elections, ZSE data shows.A...Published: 14 Aug 2018 at 06:43hrs | | by Staff reporter
Mnangagwa fails to charm cautious stock market
THE Zimbabwe Stock Exchange (ZSE) market capitalisation has been trading below $9 billion since January 12, as companies continue to show caution over the new political dispensation in the country....Published: 30 Jan 2018 at 05:30hrs | | by Staff reporter
'Econet revenue to drop 8.9%'
ECONET Wireless Zimbabwe's revenue is set to tumble 8,9% year-on-year to $584 million in 2017 before waning further in 2018 on the back of economic headwinds and regulatory interventions, stockbrokers...Published: 03 May 2017 at 06:51hrs | | by Staff reporter
Our major problem not an economic crisis, but a crisis of education
Our people are still being taught that they need to go to school, get high grades, get a high paying job, save money, buy a house, invest in stock markets, and be self-employed.Needless to say...Published: 28 Mar 2017 at 11:01hrs | | by Tendai Ruben Mbofana
Foreign Investors shun ZSE
Foreign investors who helped make the Zimbabwe stock market one of the best performing in southern Africa a few years ago are now pulling their money away as a result of current liquidity crisis a...Published: 28 Feb 2017 at 06:29hrs | | by Staff reporter
ZSE's Chirume in trouble over 'unethical conduct'
The Zimbabwe Stock Exchange says investigations into the conduct of its chief executive Alban Chirume will not be restricted to the Econet Wireless Zimbabwe debacle but will spread into other unpr...Published: 08 Feb 2017 at 05:32hrs | | by Staff reporter
Econet Zimbabwe share prices tumble 10%
ECONET Wireless Zimbabwe shares tumbled 10 percent to 27 cents on Thursday amid panic selling by small shareholders, over concerns surrounding the telecoms company's planned rights issue to raise ...Published: 23 Jan 2017 at 05:49hrs | | by Staff reporter
Investors dump ZSE, flee for safety of cash
Fund investors have been pulling out of the risky Zimbabwean stock market at an alarming pace over the last 10 months, against the background of cash and liquidity challenges, weak total demand for go...Published: 13 Dec 2016 at 05:54hrs | 1 | by Staff reporter
Stinging charge sheet for Fidelity bosses
STINGING allegations of breaches of exchange control regulations, fraud and financial impropriety have become the core of a possible charge sheet against Fidelity Life Assurance (FLA) directors - Mr S...Published: 19 Jun 2016 at 12:13hrs | 1 | by Darlington Musarurwa and Africa Moyo
ZSE chair steps down
THE ZIMBABWE Stock Exchange Chairperson, Eve Gadzikwa, stepped down from the chairmanship of the Zimbabwe Stock Exchange following the completion of her four year tenure on October 9. Gad...Published: 14 Oct 2015 at 06:35hrs | | by Staff reporter
'Zimbabwe Stock Market back to 2010 levels'
PERFORMANCE of the Zimbabwe Stock Exchange has been equated to the 2010 levels with some stocks trading at the same prices as five years ago as the bourse continues on a free fall. According to market...Published: 27 Sep 2015 at 10:17hrs | | by Roberta Katunga
Knives out for ZSE boss Chirume
Zimbabwe Stock Exchange (ZSE) CEO Alban Chirume's stay at the bourse could be coming to a premature end amid indications stockbrokers want him fired owing to high expenditures and charges that he...Published: 10 Jul 2015 at 07:09hrs | | by Staff reporter
ZSE makes history
The Zimbabwe Stock Exchange (ZSE) started trading online on Monday through the Automated Trading System (ATS) for the first time in history.By 09:00 on 6 July 2015, stockbrokers had already st...Published: 06 Jul 2015 at 11:01hrs | | by Staff reporter
ZSE Automated trading fails to go live, postponed
The inaugural Automated Trading System on the Zimbabwe Stock Exchange (ZSE) that was scheduled to go live today has failed to take off amid indications the system still has some technical challenges t...Published: 03 Jul 2015 at 09:09hrs | | by Staff reporter
Padenga Holdings securities to be dematerialized on 1 July 2015
Pandenga Holdings Limited's securities will be dematerialized and will be cleared and settled on the Central Security Depository (CSD), in an electronic form with effect from Wednesday 1 July 201...Published: 16 Jun 2015 at 09:40hrs | | by Ndou Paul
Strong first-half earnings performance by Imara
Imara, the pan-African financial services group, has reported "pleasing" earnings growth for the six months to October 31, 2014, with profit after tax of P10.94 million, up 85% from P5.9 million in th...Published: 26 Jan 2015 at 18:29hrs | 1 | by Staff reporter
$22,8 million worth of ZSE shares unclaimed
The Securities and Exchange Commission (SECZ) says shares valued at $22,8 million on the Zimbabwe Stock Exchange have remained unclaimed as at March 31 2014.In a statement, SECZ chief executiv...Published: 28 Apr 2014 at 17:31hrs | | by Staff reporter
Delta Beverages revenue decline 9%
Delta Beverages recorded a 9% decline for the fourth quarter and nearly flat for the full year attributable to the slowdown in consumer spending and weak economic activity. The total beverage volum...Published: 10 Apr 2014 at 14:49hrs | | by Business reporter
A 'Window Dressed' Stock Market Rally on the ZSE
Is it unusual for the share price of companies to move up one may ask? Most would answer no, and to most investors, a rising share price is desirable. However, suspicions may arise depending on th...Published: 02 Jan 2014 at 10:41hrs | 1 | by Perry Munzwembiri
Foreigners buy 5m Delta Corporation shares
FOREIGN investors snapped up over five million shares in beverages maker Delta on Monday and yesterday at the Zimbabwe Stock Exchange as the stocks continue to draw interest. On Monday, over 3...Published: 04 Dec 2013 at 02:42hrs | | by Staff reporter
ZSE raises $1,5m for automation
THE Zimbabwe Stock Exchange has raised $1,5 million for the automation of the domestic bourse through the issue of a five-year bond, an official said yesterday.The bond, which was structured b...Published: 19 Nov 2013 at 02:24hrs | | by Business Reporter
Securities Commission of Zimbabwe changes name
THE Securities Commission of Zimbabwe (SECZ) will today change its name to the Securities and Exchange Commission of Zimbabwe and have expanded roles in line with the provisions of the Securities Ame...Published: 06 Nov 2013 at 04:38hrs | | by Business reporter
Masimba Holdings engages govt on products movement in the region
Masimba Holdings Limited CEO Canada Malunga told an analyst briefing yesterday that the Group is engaging the government on products movement in the region as the group is facing stiff competition fro...Published: 27 Sep 2013 at 10:24hrs | | 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 | 8 | by Carol
'Politics drive big spurt in Zimbabwe equity trading,' says Imara
Zimbabwean politics are driving a huge spurt in trading volumes on the Harare stock exchange. The recent election victory of incumbent president Robert Mugabe may have led to a sell-off...Published: 13 Sep 2013 at 09:35hrs | | by Own correspondent
ZSE reviews listing rules
THE Zimbabwe Stock Exchange is expected to complete the process of reviewing its listing rules by November this year, the Securities Commission of Zimbabwe has said. In an interview, SECZ chi...Published: 03 Sep 2013 at 04:22hrs | | by Business Reporter
ReNaissance goes to court over SEC order
TROUBLED brokerage firm, ReNaissance Securities (RenSec), is seeking the High Court's intervention to reverse an order by the Securities Commission of Zimbabwe (Sec) forcing the company to stop the ...Published: 16 Aug 2013 at 07:40hrs | | by Business reporter
ZSE will be fully automated by end of next year
THE Zimbabwe Stock Exchange will be fully automated by end of the first quarter next year as part of efforts at modernising the bourse so that it catches up with other exchanges, says chief executive ...Published: 15 Jul 2013 at 03:41hrs | | by Business Reporter
OK Zimbabwe declares a final dividend
OK Zimbabwe board of directors on 7 June 2013 declared a final dividend of 0,40 cents per share payable out of the profits of the company for the year ended 3 I March 2013.The dividend will be...Published: 13 Jun 2013 at 13:31hrs | | by Mafu Sithabile
FBC launches CASE 2013 handbook
Following the mini bull run since the beginning of the year, the ZSE is once again the biggest bourse by market capitalisation among the four markets covered by the CASE Handbook, FBC Holdings chairm...Published: 30 May 2013 at 07:30hrs | | by financial express
Vingirai in new effort to get Intermarket back
Nicholas Vingirai's Transnational Holdings together with Econet Wireless Holdings Limited have resuscitated their legal battle to get the former Zimbank and Intermarket takeover reversed after filing...Published: 23 May 2013 at 14:20hrs | | by Financial Express
ZSE Industrials sets another record level
ZSE's Industrials closed above the 210.00 mark for the first time on Friday as Delta shares ended at another record high of 143.01c to extend the momentum built up over the past 2 weeks while daily ma...Published: 17 May 2013 at 11:19hrs | | by Business reporter
ZSE will no longer be allowed to regulate itself
THE Zimbabwe Stock Exchange will no longer be allowed to regulate itself owing to past abuses and malpractices and insider trading by the players, Finance Minister Tendai Biti has said. The mi...Published: 16 May 2013 at 03:08hrs | | by Business reporter
ZSE: Industrials rallies into uncharted territory as volumes improve
ZSE's Industrials jumped to a fresh all-time high on Thursday buoyed by positive trades and volumes in Econet, Innscor a...Published: 09 May 2013 at 11:47hrs | | by Business reporter
ZSE shares falter after Easter holidays
ZSE shares faltered after Easter holidays in mixed trades across the board as most heavily capitalised counters remained unchanged from previous levels.The volume of shares traded on the marke...Published: 02 Apr 2013 at 11:25hrs | | by Business reporter
Stockbrokers in bid to stop privatisation of the Zimbabwe Stock Exchange
STOCKBROKERS are fighting a losing battle in their bid to stop the privatisation of the Zimbabwe Stock Exchange, Securities Commission of Zimbabwe chief executive Mr Tafadzwa Chinamo has said....Published: 19 Feb 2013 at 04:23hrs | | by Business Reporter
Afdis reports a strong operating performance
Afdis reported a strong operating performance showing a 22% growth in sales volumes to 3.2m litres. Local production increased by 21% to 1.7 million litres and accounted for 62.9% of total revenue. Gr...Published: 12 Feb 2013 at 08:22hrs | | by Business reporter
ZSE:- Industrials slides again as profit taking weighs off recent gains
Industrials slid again on Thursday as investors continued to recoup profits in selected counters that recorded significant gains over the past 5 weeks.The Mini...Published: 07 Feb 2013 at 10:32hrs | | by Business reporter
Kingdom voluntarily surrenders stockbroking licence
KINGDOM Stockbrokers is said to have voluntarily surrendered its licence citing viability concerns emanating from low volumes of business.Kingdom Stockbrokers did not attend ZSE trading today ...Published: 07 Feb 2013 at 06:26hrs | | by Business reporter
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