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New currency without public confidence won't solve crisis
The government of Zimbabwe through the Reserve Bank of Zimbabwe (RBZ) has launched a new currency, which it calls the Zimbabwe Gold (ZiG).We have been here before and it is key to understand i...Published: 07 Apr 2024 at 10:29hrs | | by Mlondolozi Ndlovu
Zimbabwe gold coins start circulating
THE Reserve Bank of Zimbabwe (RBZ) yesterday released the first batch of 2 000 Mosi-oa-Tunya gold coins into the market to provide a store of value alternative to the US dollar in a development expect...Published: 26 Jul 2022 at 06:36hrs | | by Staff reporter
Zimbabwe gold coins: A masterstroke?
IT is indeed in times of crisis and turmoil that the creativity of nations emerges and in my opinion, the idea of launching gold coins by the Reserve Bank of Zimbabwe (RBZ) is a master stroke that cou...Published: 01 Jul 2022 at 07:28hrs | 7 | by Staff reporter
Zida boss raises red flag
ZIMBABWE Investment and Development Agency (Zida) CEO Douglas Munatsi says he is worried about government's failure to protect investors.Investor protection has been a thorny issue in Zimbabwe...Published: 01 Aug 2021 at 06:49hrs | 1 | 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 | 9 | 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 | | by Staff reporter
Deadlock over Old Mutual listing
THE delisting of Old Mutual from the Zimbabwe Stock Exchange (ZSE) and subsequently listing on the new Victoria Falls Stock Exchange (VFEX) is facing major hurdles, amid indications the financial inst...Published: 20 Nov 2020 at 06:09hrs | 5 | 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 | 7 | 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 | 1 | by Staff reporter
US stuck in slave master mode, says Mutsvangwa
The United States of America has a long history of oppressing black people hence its continued imposition of sanctions on Zimbabwe, the Zimbabwe National Liberation War Veterans Association Chairman A...Published: 11 Oct 2020 at 10:04hrs | 5 | by Staff reporter
Biti allegations are baseless
MDC-ALLIANCE co-vice-president Tendai Biti has on countless occasions made unsavoury and bald assertions, mainly to his gullible supporters, that "Zanu-PF may rig elections, but it cannot rig the econ...Published: 05 Oct 2020 at 06:41hrs | | by Rutendo Jiri
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 | | by Staff reporter
Will capitalism allow SA to bail Zimbabwe out?
SOUTH AFRICA has taken the unofficial role of Zimbabwe's big brother over the years given its relatively better economy and extensive relationship with the country.When Zimbabwe's socio-econom...Published: 30 Sep 2020 at 07:28hrs | | by Tafara Mtutu
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 | | 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 | | by Staff reporter
Mthuli Ncube to establish Offshore Financial Centre in Zimbabwe
Finance and Economic Development Minister Mthuli Ncube says Zimbabwe is "very serious" about establishing an Offshore Financial Centre (OFC) in the country, but analysts say given the country's handli...Published: 16 Aug 2019 at 08:06hrs | | by Staff reporter
Dual Listing: Fungible securities explained
Many investors are always on the lookout for new ways to make a profit, and fungible instruments allow just such a thing through the action of arbitrage. In other words, fungible securities al...Published: 01 Jul 2019 at 07:31hrs | 1 | 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 | | by Respect Gwenzi
Mnangagwa's govt cracks whip on fuel sector
GOVERNMENT has started cracking down on illegal dealings in the fuel sector which include unilateral price increases and demands for foreign currency as the only form of payment. Energy ...Published: 29 May 2019 at 08:45hrs | | 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 | 6 | by Staff reporter
Mugabeist G4Os and their aging geriatric could not even read the signs
In November 2018, His Excellency, President Emmerson Dambudzo Mnangagwa, boldly declared the open and unrelenting warfare against the evil of endemic corruption."In the Second Republic, we wil...Published: 10 Mar 2019 at 10:04hrs | 6 | by Christopher Mutsvangwa
Foreign investors prey on ZSE
Foreign investors are buying more than they are selling on the Zimbabwe Stock Exchange (ZSE) with interest in blue-chip counters.Statistics from the bourse show that foreign investors have bee...Published: 06 May 2018 at 10:10hrs | 1 | by Staff reporter
EU working with Mugabe
After the 2013 elections, the European Union (EU) started relaxing its policies towards President Robert Mugabe's government going to the extent of lifting targeted sanctions on certain institutions a...Published: 23 Oct 2016 at 11:15hrs | | by Staff reporter
ZSE:- Industrials halts 2-day slide to post marginal rebound
ZSE's Industrials halted a 2-day slide to post a modest rebound at week's end after mixed gains across the board cancelled out losses in blue chips Innscor and OK Zimbabwe.The Industrials look...Published: 08 Feb 2013 at 10:32hrs | | by Business reporter
ZSE:- Industrials rally slows as turnover tops $4.9 million
ZSE's Industrials upbeat momentum built up since' January 3 slowed on Tuesday with most heavyweight counters trading unchanged from previous levels but volumes improved as daily total market turnover ...Published: 05 Feb 2013 at 12:37hrs | | by Business reporter
ZSE:- Econet, Innscor sustains Industrials winning streak
Econet and Innscor shares advanced to new highs on Monday to sustain Industrials' extended rising streak and managed to ...Published: 04 Feb 2013 at 10:58hrs | | by Business reporter
Industrials races past 180 mark as Innscor hits a $1 for the first time
Innscor shares hit $1 for the first time to close at tOO.OIc as the Industrials surged past the 180-point barrier for the first time since dollarisation in 2009....Published: 01 Feb 2013 at 13:26hrs | | by Business reporter
Exhange control authority grants full fungibility to NMB shares
The Zimbabwean Exchange Control Authority, in terms of Exchange Control Regulations, has granted full fungibility to 40% of the company's issued shares that are held by foreign investors. The ...Published: 29 Jan 2013 at 06:57hrs | | by Mafu Sithabile
ZSE Market Report:- heavyweights continue to rally as trading activity improves
ZSE's heavily capitalised counters were broadly higher at week's opening pushing the mainstream indices up as activity improved across the board with 44 counters out of the active 70 recording trades....Published: 28 Jan 2013 at 11:33hrs | | by Business reporter
Falgold shareholders approve Scheme to implement New Dawn proposal
Falgold shareholders voted for the Scheme of Arrangement where they will exchange their shares for either cash or New Dawn shares paving way for the delisting of Falgold and listing, by introduction, ...Published: 24 Sep 2012 at 15:53hrs | | by Business reporter
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