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ZB Retrenchment, 98 workers bite the dust
ZB Financial Holdings (ZBFH) says 59 staff members, mostly those who were nearing retirement took up its Voluntary Disengagement Scheme (VDS) and further 39 were affected under the Compulsory Disengag...Published: 13 Jun 2024 at 22:18hrs | 5 | by Erick Matotoba
CBZ in major strategic shake up
Pursuant to the strategic vision of creating one of the country's largest financial services groups, renowned banker, strategist and businessman Mr Luxon Zembe, has been appointed acting chairman of C...Published: 06 Dec 2023 at 05:02hrs | 11 | 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 | 10 | by Staff reporter
ZB moves to lay off excess staff
ZB Financial Holdings Limited (ZBFHL) will be shedding some of its staff via a recently completed voluntary disengagement scheme, after reporting a rise in staffing costs of over 100% last year....Published: 30 May 2023 at 06:46hrs | | by Staff reporter
ZB directors mull liquidation and surrendering licence
With three months left before year-end, it is now crunch time for ZB Financial Holdings (ZBFH), which is currently under increased pressure to recapitalise its building society within the grace period...Published: 02 Oct 2022 at 08:58hrs | 3 | by Staff reporter
New details on Intermarket bank heist
There is growing unease at ZB Financial Holdings Limited (ZBFHL) after recent revelations Transnational Holdings Limited (THL) the second-largest shareholder is pushing for a separation following the ...Published: 08 Aug 2021 at 07:17hrs | | 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 | 13 | by Staff reporter
Major shake-up looms at ZB Bank
A MAJOR shake-up is looming at ZB Financial Holdings (ZBFH), with veteran banker Nicholas Vingirai tipped to increase his stake in a deal that would make him the majority shareholder in the listed gro...Published: 09 Oct 2020 at 10:16hrs | 7 | by Staff reporter
ZB in talks for $30m line of credit
ZB Financial Holdings (ZBFH) is in talks with a regional bank for a $30 million line of credit, which will enable ZB Bank, its commercial banking subsidiary, to support international transactions....Published: 25 Sep 2018 at 07:27hrs | | by Staff reporter
Vingirai to regain control of seized banking assets
VETERAN banker Nicholas Vingirai stands to regain full control of his banking assets which were controversially seized by government in 2004 and later sold to ZB Holdings, once a deal to split the int...Published: 10 Aug 2018 at 11:32hrs | 2 | by Staff reporter
ZB Financial Holdings headed for split
THE ZB Financial Holdings (ZBFH) group is headed for a split amid indications that one of its major shareholder, Nicholas Vingirai wants out.Vingirai, who through his Transnational Holdings Li...Published: 12 Jan 2018 at 06:04hrs | | by Staff reporter
RBZ sets deadline for bank's demerger
THE Reserve Bank of Zimbabwe (RBZ) has set December 31, 2017, as the deadline for the separation of ZB Financial Holdings Limited (ZBFHL) from Intermarket Holdings Limited (IHL), which will see banker...Published: 11 Dec 2017 at 04:16hrs | | by Staff reporter
ZB and Vingirai split imminent
THE split between ZB Financial Holdings (ZBFH) and Intermarket Holdings Limited (IHL) - which have been operating as a single entity for the past 11 years - seemed imminent last week after details eme...Published: 18 Jun 2017 at 10:03hrs | | by Staff reporter
Vingirai booted out of ZB board
The National Social Security Authority (NSSA) flexed its muscle and mobilised shareholders of the ZB Financial Holdings (ZBFH) to boot out banker Nicholas Vingirai and his nominees from the board at a...Published: 14 May 2017 at 15:46hrs | 1 | by Staff reporter
ZB's new lease of life after sanctions chop
ZB Financial Holdings Limited (ZBFH) is now able to carry out international financial transactions after it was removed from the United States sanctions list recently. The group's head of ...Published: 20 Oct 2016 at 09:03hrs | | by Staff reporter
ZB Holdings to push up the uptake of its cluster houses
ZB Financial Holdings Limited is seeking partnerships with real estate agents to push up the uptake of its cluster houses in Hatfield. The housing units range between $122 000 to $135 000 acce...Published: 16 Nov 2015 at 07:28hrs | | by Staff reporter
CBZ launches $10 million loan facility
CBZ Bank head of business banking Molly Dingani said CBZ had decided to avail a $10 million national loan facility targeted at SMEs which were now the backbone of the economy. Under the facili...Published: 19 Oct 2015 at 07:05hrs | | by Staff reporter
Former ZB Financial Holdings CEO dies
TOP banker, Elisha Nyikadzino Mushayakarara has died, Business Daily reported.He was born on 8 April 1943. ...Published: 16 Feb 2015 at 19:11hrs | 3 | by Staff reporter
Nicholas Vingirai fights on
Transnational Holdings Limited (THL) founder, Nicholas Vingirai and his allies, will have to wait a little longer before their fresh bid to reclaim their assets merged into ZB Financial Holdings (...Published: 27 Jan 2015 at 08:09hrs | | by Staff reporter
'Zimbabwe economy to grow by 3.4%,' says BMI
Economic think tank, Business Monitor International (BMI), has forecast Zimbabwe's economy to grow by 3,4 percent this year due to limited foreign direct investment in the country.It said the ...Published: 13 Jan 2014 at 09:51hrs | | by Business reporter
Vingirai wins back his shares & assets at Intermarket
Businessman Mr Nicholas Vingirai has regained assets and shares he lost following the takeover of Intermarket Financial Holdings by ZB Financial Holdings through the Reserve Bank of Zimbabwe....Published: 22 Jul 2013 at 04:26hrs | | by Court reporter
Industrials ends the week in positive territory on thin volumes
Industrials ended the first week of the second half of the year in the positive territory as heavyweights continued to recover albeit in thin volumes.The Industrials Index gained 1.62 points ...Published: 05 Jul 2013 at 10:27hrs | | by Business reporter
Industrials falters at half year end but still up 38.58% in the year
ZSE's Industrials ended the first half of 2013 in the red as the market's most capitalised counter Delta clocked 4 straight sessions trading in the red.The trading session was however highligh...Published: 28 Jun 2013 at 18:02hrs | | by Business reporter
ZSE: Industrials continues to slide on weak blue chips
Heavyweight counters on the ZSE remained weak on Wednesday and dragged the Industrials lower for the 6th straight session as the Constitutional Court was hearing election date extension application th...Published: 26 Jun 2013 at 17:38hrs | 2 | by Business reporter
Industrials extends losses at week's opening
Zimbabwe Stock Exchange shares drifted lower on Monday as some investors sought to lock in profits and consolidate from recent gains. Trading activity was reasonable for the beginning of the w...Published: 24 Jun 2013 at 10:58hrs | | by finx
Econet results fail to cheer ZSE shares
ZSE shares were back in the red on Friday after Econet February finals failed to cheer the market with investors flagging a sell-off in the telecoms counter.The Industrials Index eased 0.39 or...Published: 31 May 2013 at 10:51hrs | | by Business reporter
ZSE: Innscor snaps Industrials record setting run
Innscor was the only counter to trade lower on Monday and managed snap the mainstream Industrials' 3-day record setting run, closing a modest 0.15% off its all-time high of 212.08 but overall trading ...Published: 27 May 2013 at 11:45hrs | | by Business reporter
ZSE: Industrials advances to cap record week
ZSE's Industrials continued to advance on Friday racing past the 212.00 level for the first time albeit in sluggish trades where only 5 counters traded in the positive territory while only 2 traded lo...Published: 24 May 2013 at 10:45hrs | | by Business reporter
ZSE shares hitting fresh highs as volumes remain depressed
ZSE's Industrials hit another fresh record on Thursday amid strong interest in selected counters but overall volumes remained thin.Volumes for most of the counters that have recorded significa...Published: 23 May 2013 at 12:57hrs | | by Business reporter
ZSE: Industrials slips into the red as Delta stutters
Industrials slid into the red on Tuesday after Delta shares reversed last week's gains after trading 1c weaker at 142c while a significant volume in Econet lift...Published: 21 May 2013 at 12:23hrs | | by Business reporter
ZSE: Industrials advances to record levels
ZSE's mainstream Industrials advanced to another record level at week's end to log its 6th straight rise largely spurred by gains in selected heavyweights.The ...Published: 10 May 2013 at 10:50hrs | | by Business reporter
ZB Financial Holdings chief retires
The Board of ZB Financial Holdings has advised that Mr. Elisha Nyikadzino Mushayakarara retires as Group Chief Executive with effect from 31 May 2013. Mr. Mushayakarara joined ZBFH as Group Chief Exec...Published: 10 May 2013 at 06:34hrs | | 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 open week higher on selected heavyweights
ZSE shares reversed last Friday's losses to open the week in the green largely on gains in BAT, Delta, Lafarge and OK Zimbabwe.The Industrials Index rec...Published: 29 Apr 2013 at 11:07hrs | | by Business reporter
ZSE shares rise as govt denies amending the Indigenisation Act
ZSE shares stayed in the positive territory on Thursday after Indigenisation minister Saviour Kasukuwere dismissed reports that the Indigenisation Act was being amended to provide for payment of share...Published: 25 Apr 2013 at 12:30hrs | 1 | by Business reporter
ZSE shares wades back into negative territory
ZSE shares were back in the red on Wednesday as heavyweight counters Hippo and Innscor traded lower to snap the 5-day rising streak.The Industrials Index...Published: 10 Apr 2013 at 10:59hrs | | by Business reporter
ZSE:- Industrials extends gains as Minings recover
Industrials extended gains on Monday after gains in heavyweight counters Delta, BAT and Hippo while Minings recovered last Friday's losses on gains in RioZim....Published: 08 Apr 2013 at 11:58hrs | 1 | by Business reporter
ZSE:- Industrials advances on gains in selected heavyweights
Industrials stayed in the positive territory on Thursday sustained by gains in selected heavyweights while inactivity in the resources sector saw the Minings Index...Published: 04 Apr 2013 at 12:56hrs | | 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
ZSE: Econet rebounds to break Industrials' 4 day losing streak
Econet recovered a significant 4.10c or 6.72% to 65.1c at week's end to snap Industrials 4-day losing streak.The Industrials Index recovered 2.61 points...Published: 15 Mar 2013 at 13:17hrs | | by Business reporter
ZSE shares stutter at week's opening as Zimplow new shares commence trading
ZSE shares faltered in Monday morning trades as Zimplow Holdings new shares commenced trading on the ZSE.Zimplow Holdings shares added 1c to 4.5c on a v...Published: 11 Mar 2013 at 12:08hrs | 1 | by Business reporter
ZSE Market Report:- Industrials rises as blue chips rebound
ZSE's heavily capitalised counters rebounded on Tuesday to help Industrials recover from losses recorded in the past 2 sessbns as buyers trickled back into a few selected counters.The ...Published: 19 Feb 2013 at 11:18hrs | | by Business reporter
ZSE:- Industrials falters as blue chips Delta, Innscor continue to trade lower
ZSE's Industrials faltered on Wednesday as heavyweights Delta and Innscor continued to trade lower and again managed to cancel out gains in Econet.The Industri...Published: 13 Feb 2013 at 11:12hrs | | by Business reporter
ZSE Market Report:- Falgold steers Minings as volumes dip
ZSE's Minings jumped 3.36% in hushed Monday trades after gold miner Falgold gained 3.01c to 16.01c whilst the Industrials managed modest gains in thin volumes....Published: 21 Jan 2013 at 09:49hrs | | by Business reporter
ZSE Market Report:- Volumes soar as blue chips rally
ZSE's Industrials Index jumped 2.23% at week's ending after a sustained rally in heavily capitalised stocks while volumes improved with the total market turnover rising to its best level so far this y...Published: 11 Jan 2013 at 10:34hrs | | by Business reporter
ZSE Market Report:- Shares extend rally led by heavyweights
Heavyweight counters continued to rally on Thursday driven by growing foreign investor's interest in the ZSE's heavily capitalised counters.The Industrials Ind...Published: 10 Jan 2013 at 10:04hrs | | by Business reporter
Zim Mining stocks rally on Hwange gains
On Thursday mining stocks rallied 23,89 percent on gains in Hwange, driving the resource index to 100,70 points. Hwange was the lone gainer among four trading counters after advancing US10c to...Published: 29 Dec 2011 at 23:44hrs | | by Staff reporter
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