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Victoria Falls Stock Exchange faces major hurdles
THE Victoria Falls Stock Exchange (VFEX) faces major hurdles going into the New Year with broad macro-economic challenges that are engulfing the economy affecting the bourse.A subsidiary of th...Published: 08 Jan 2021 at 07:46hrs | 415 | by Staff reporter
Spooks investigate US$45m CAPS deal
ZIMBABWE's state security service, the Central Intelligence Organisation (CIO), is investigating a volatile commercial dispute that has erupted between the government and interim trustees of Caps Phar...Published: 19 Dec 2020 at 16:38hrs | 1251 | by Staff reporter
Powerspeed to delists from ZSE
SHAREHOLDERS of electrical products supplier, Powerspeed Electrical Limited, have approved the termination of the company's listing on the Zimbabwe Stock Exchange (ZSE). The listing of Powersp...Published: 17 Dec 2020 at 06:54hrs | 146 | 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 | 324 | by Staff reporter
Econet shakes up to ride out crisis
ZIMBABWE Stock Exchange listed telecoms giant, Econet Wireless Zimbabwe says it is casting its net wide to identify fresh opportunities on the domestic market, while scanning the global terrain to see...Published: 03 Dec 2020 at 06:44hrs | 1173 | by Staff reporter
Econet withholds dividend
ZIMBABWE'S biggest telecommunications company, Econet Wireless, said on Tuesday it recorded a 6,5 percent decline in revenue to $10,1 billion for the half-year ended August 2020, compared to the same ...Published: 03 Dec 2020 at 06:34hrs | 209 | by Staff reporter
'Bank heist as Kuda Tagwirei acquires ZB', says Biti
FORMER Finance Minister, Tendai Biti has described as a ‘bank heist', businessman Kuda Tagwirei's reported acquisition of ZB Bank and becoming a major shareholder against the provisions of the Banki...Published: 01 Dec 2020 at 07:09hrs | 13389 | 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 | 672 | by Staff reporter
Govt interference on ZSE queried
STOCK exchange stakeholders spoke for the first time this week since the Zimbabwe Stock Exchange (ZSE) was shut down in June, questioning the powers behind its shutdown and warning government not to r...Published: 20 Nov 2020 at 06:09hrs | 259 | by Staff reporter
Firms hail forex auction system
ZIMBABWE'S biggest companies have hailed central bank governor, John Mangudya's foreign currency auction system for defusing a forex crisis that had affected production in the past year.The Re...Published: 20 Nov 2020 at 06:08hrs | 308 | by Staff reporter
'Rushwaya gold could buy UniFreight, Zeco'
THE gold that underfire Zimbabwe Miners' Federation (ZMF) boss Henrietta Rushwaya allegedly tried to smuggle out of the country before running into an airport security trap about three weeks ago was e...Published: 14 Nov 2020 at 21:20hrs | 1896 | by Staff reporter
Zimbabwe economic meltdown deepens
SOME of Zimbabwe's largest companies have painted a grim picture of the country's socio-economic situation, reporting a sharp fall in revenues, as the relentless economic meltdown intensifies....Published: 13 Nov 2020 at 07:31hrs | 1679 | 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 | 650 | 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 | 704 | by Staff reporter
Anthony Mandiwanza, when is the right time to step down?
Dairibord, former Dairy Marketing Board (DMB) was once one of the largest food producers in southern Africa, was founded in 1951 and listed on the Zimbabwe Stock Exchange (ZSE) in 1997. Dairibor...Published: 04 Nov 2020 at 14:06hrs | 5018 | by Engineer Jacob Kudzayi Mutisi
SeedCo International delists from ZSE, debuts on VFEX
LEADING seed producer and distributor, SeedCo International Limited, will delist from the Zimbabwe Stock Exchange (ZSE) with effect from today and shift focus to the foreign currency denominated Victo...Published: 23 Oct 2020 at 08:27hrs | 460 | 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 | 3462 | by Staff reporter
Fresh headway in stock market plan
ZIMBABWE inched closer to establishing the Victoria Falls Stock Exchange (VFEX) on Friday, after the central bank and the Zimbabwe Stock Exchange (ZSE) inked a deal spelling out terms of a settlement ...Published: 11 Oct 2020 at 10:59hrs | 402 | by Staff reporter
Victoria Falls exchange primed to be the best
Government plans to make the Victoria Falls Stock Exchange (VFEX), which will provide an avenue for foreign currency listings, one of the best in the region whose rules and regulations are in line wit...Published: 11 Oct 2020 at 10:02hrs | 289 | by Staff reporter
Zimbabwe's business climate can improve
As the Zimbabwe Stock Exchange (ZSE) puts final touches on the infrastructure needed for operations of the Victoria Falls Securities Exchange (VFEX), investors await to see if their major concerns on ...Published: 11 Oct 2020 at 09:57hrs | 176 | by Victor Bhoroma
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 | 1641 | by Staff reporter
'Cryptocurrencies can list on Victoria Falls Stock Exchange'
The Zimbabwe Stock Exchange (ZSE) has said cryptocurrencies can list on its foreign currency-only bourse subject to regulatory approval.If the cryptocurrencies-a digital representation of valu...Published: 01 Oct 2020 at 22:10hrs | 570 | 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 | 559 | by Tafara Mtutu
Rushed Zim Dollar introduction cost the economy
The Zimbabwean government recently gazetted the Finance Bill (H.B.4 of 2020) which validates the fiscal changes that were tabled in the Mid-Term budget review in July 2020. The Bill amends the Gains T...Published: 22 Sep 2020 at 18:17hrs | 1311 | by Victor Bhoroma
Investors wary of Vic Falls bourse
EXPERTS say the success of the impending Victoria Falls Stock Exchange (VFSE) will depend on whether foreign investors will be allowed to easily repatriate their investments.In July, Finance m...Published: 18 Sep 2020 at 07:07hrs | 1143 | by Staff reporter
ZSE seeking an equity partner for VFEX
The Zimbabwe Stock Exchange is currently looking for an equity partner for the Victoria Falls Stock Exchange, with particular focus on a partner who is able to support the settlement and clearing side...Published: 17 Sep 2020 at 06:21hrs | 675 | 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 | 664 | by Staff reporter
80 firms keen to participate on Vic-Falls Stock Exchange
A TOTAL of 80 firms in the financial and capital markets have expressed interest to participate at the soon to be established Victoria Falls Stock Exchange (VFEX). VFEX is a wholly-owned subsi...Published: 24 Aug 2020 at 07:10hrs | 668 | by Staff reporter
Zimbabwe economy finally being 'rigged'
Nelson Chamisa and his MDC-Alliance lost the election in the July 2018 elections of the post-Mugabe era.Reacting to this loss, he cockily pronounced that it was of no consequence.His a...Published: 23 Aug 2020 at 11:10hrs | 817 | by Ambassador Chris Mutsvangwa
Mnangagwa's two-year rule: The verdict is 'total disaster'
TWO years after winning the disputed 2018 poll, President Emmerson Mnangagwa's administration has performed dismally towards implementing political and economic reforms perceived as key to ending Zimb...Published: 07 Aug 2020 at 09:07hrs | 2700 | by Staff reporter
ZSE reopens amid $240m loss
THE Zimbabwe Stock Exchange (ZSE) will resume trading tomorrow after a month-long government shutdown that saw the bourse losing at least $240 million in potential revenue.On June 29, the gove...Published: 02 Aug 2020 at 09:21hrs | 393 | by Staff reporter
ZSE to resume trading on 3 August 2020
The Zimbabwe Stock Exchange is set to resume trading on August 3, 2020 without three of the dual-listed stocks, which have been suspended to allow further consultations. In a statement, F...Published: 28 Jul 2020 at 17:42hrs | 563 | by Staff reporter
Old Mutual to stop trading its shares on the Zimbabwe Stock Exchange
Old Mutual is poised to stop trading its shares on the Zimbabwe Stock Exchange, the latest step in the government's efforts to bring order to its chaotic foreign-exchange market.The insurer ag...Published: 27 Jul 2020 at 21:33hrs | 3701 | by Bloomberg
2020 Mid Term Budget Hits and Misses
The 2020 mid-term budget and economic review was delivered amid high inflation levels and declining economic productivity that has been worsened by the Corona Virus pandemic. The Zimbabwean economy is...Published: 27 Jul 2020 at 20:38hrs | 1158 | by Victor Bhoroma
Was the shutting down of mobile money, ZSE a necessary evil?
ON June 26, 2020 the Information ministry announced in a tweet that all mobile money transactions and the Zimbabwe Stock Exchange (ZSE) would stop transacting forthwith.The authorities halted ...Published: 26 Jul 2020 at 11:11hrs | 2716 | by Admire Maparadza Dube
Zimbabwe govt, Old Mutual smoke peace pipe
GOVERNMENT is set to hold a crucial meeting with Old Mutual over the standoff between the two parties in which the largest financial services company has been accused of stoking currency volatility on...Published: 24 Jul 2020 at 08:21hrs | 4761 | by Staff reporter
Plans afoot to reopen ZSE
The government may allow trade on the Zimbabwe Stock exchange (ZSe) to resume as early as this week, according to three people familiar with the situation.The plans for the reopening have yet ...Published: 19 Jul 2020 at 09:23hrs | 1102 | by Bloomberg
Mnangagwa's govt clears air on ZSE, agent lines closure
GOVERNMENT has rubbished falsehoods published by CNBC, an American business news portal, alleging that security chiefs ordered the closure of the Zimbabwe Stock Exchange (ZSE) and agent lines for mobi...Published: 19 Jul 2020 at 09:18hrs | 2921 | by Staff reporter
Key aspects sinking the Zimbabwean Dollar
The Zimbabwean economy is rapidly re-dollarizing, less than 12 months after the government banned the trading of multiple currencies through Statutory Instrument 142 of 2019 and introduced a local cur...Published: 19 Jul 2020 at 07:03hrs | 3363 | by Victor Bhoroma
Assault on property rights closes Zimbabwe for business
The government directive to suspend the Zimbabwe Stock Exchange (ZSE) operations on the 26th of June 2020 and the recent political threats to eject Old Mutual Zimbabwe, PPC and SeedCo International fr...Published: 19 Jul 2020 at 07:00hrs | 1367 | by Victor Bhoroma
Former Bulawayo mayor says govt estates must be independent of each other
Former Mayor of Bulawayo Martin Moyo has said government estates such as the parliament, executive and the judiciary must work independent of each other so as to influence public interests issues and ...Published: 17 Jul 2020 at 13:51hrs | 1888 | by Stephen Jakes
ZSE resumes trading
The Zimbabwe Stock Exchange (ZSE) will resume the trading of shares next week minus three fungible securities, nearly a month after the local bourse was forced to suspend trades on allegations of spec...Published: 16 Jul 2020 at 08:03hrs | 2962 | by Staff reporter
Zanu-PF recommends Victoria Falls Stock Exchange for Old Mutual
The country's ruling party, Zanu-PF has called for the compulsory delisting of Old Mutual from the Zimbabwe Stock Exchange but to protect its local shareholders, it has recommended that it lists on th...Published: 14 Jul 2020 at 20:11hrs | 1837 | by Staff reporter
FULL TEXT: ZANU PF speaks on Old Mutual
ZANU PF is totally opposed to the fungibility of the Old Mutual Shares and to this end it reaffirms its policy position that the ZSE should compulsorily de-list the Old Mutual Limited shares from trad...Published: 14 Jul 2020 at 18:13hrs | 2157 | by Patrick Chinamsa
Zanu-PF wants Old Mutual out of Zimbabwe Stock Exchange, fungibility at risk
Zimbabwe's ruling party wants Old Mutual's listing on the Zimbabwe Stock Exchange terminated, an official said, clarifying a weekend statement in which it called for the company to be "ejected" from t...Published: 14 Jul 2020 at 11:43hrs | 3141 | by Bloomberg
Panic Chinamasa and the Old Mutual threat
WHAT did Zanu-PF politburo member Patrick Chinamasa mean when he said the ruling party had endorsed a decision to "eject Old Mutual from the financial system"? Nobody knows. Not even Old Mutual itself...Published: 14 Jul 2020 at 08:43hrs | 4363 | by newZWire
Old Mutual's Zimbabwe operations continue to 'run as normal'
Old Mutual Zimbabwe says it is still seeking clarity on what the ruling Zanu-PF party meant when it said the group had been "ejected" from the country's financial system.The insurance giant ha...Published: 13 Jul 2020 at 16:40hrs | 2137 | by Staff reporter
Biti roasts 'cruel' Mnangagwa
MDC Alliance vice president and ex-finance minister Tendai Biti says government's controversial closure of the Zimbabwe Stock Exchange (ZSE) has vindicated critics' claims President Emmerson Mnangagwa...Published: 12 Jul 2020 at 11:13hrs | 5829 | by newzimbabwe
Zanu-PF to expel Old Mutual from Zimbabwe?
Zimbabwe's ruling party said it will expel Old Mutual Ltd. from its financial system, sowing confusion over the status of the insurance giant in the country and what will happen next in the government...Published: 11 Jul 2020 at 16:47hrs | 10851 | by Bloomberg
Zimbabwe security chefs fingered in mobile money suspension
Zimbabwe's security force leaders sidelined the nation's economic chiefs and forced the government to close the stock exchange and halt most mobile-money transactions, people familiar with the situati...Published: 30 Jun 2020 at 22:44hrs | 5894 | by Staff reporter
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