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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 | 446 | 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 | 3396 | 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 | 391 | 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 | 277 | 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 | 169 | 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 | 1626 | 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 | 537 | 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 | 545 | 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 | 1289 | 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 | 1133 | 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 | 669 | 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 | 659 | 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 | 665 | 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 | 2690 | 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 | 387 | 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 | 561 | 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 | 3679 | 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 | 1155 | 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 | 2709 | 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 | 4750 | 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 | 1099 | 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 | 2918 | 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 | 3356 | 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 | 1360 | 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 | 1872 | 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 | 2954 | 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 | 1827 | 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 | 2152 | 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 | 3130 | 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 | 4355 | 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 | 2122 | 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 | 5821 | 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 | 10831 | 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 | 5874 | by Staff reporter
Plot to destabilise Zimbabwe economy exposed?
AS Government intensifies efforts to close channels that are fuelling the black market and other illicit financial activities, it has emerged that some foreign nations and individuals have been trying...Published: 30 Jun 2020 at 07:52hrs | 2113 | by Staff reporter
ZSE trading suspended, awaiting guidance from ministry
Following the statement issued by the Secretary for Information, Publicity and Broadcasting Services on 26 June 2020, the Zimbabwe Stock Exchange has suspended trading until further notice, FinX repor...Published: 29 Jun 2020 at 08:38hrs | 2147 | by Staff reporter
Zimdollar continues to tumble
A forex dealer brandishes wads of $2 and $5 notes in Harare. The Zimdollar has continued losing value against stronger currencies like the rand and the United States dollar.THE Zimbabwe dollar...Published: 29 Jun 2020 at 07:46hrs | 4278 | by Staff reporter
Zimbabwe mobile operators called to further national interests
The Zimbabwean government has been commended for its firm stance in fighting illegal dealings connected with the foreign currency black market to restore mobile money platforms to their original purpo...Published: 28 Jun 2020 at 20:05hrs | 1184 | by Staff reporter
Government gazettes new mobile money laws
THE government has gazetted a Statutory Instrument (SI) to regulate mobile banking and money transmission in the country, apparently to back up the controversial decision to suspend all monetary trans...Published: 28 Jun 2020 at 17:48hrs | 2143 | by Staff reporter
EcoCash ignores govt ban amid
ECOCASH has continued offering its services despite a shock government ban on mobile money services on Friday.The government said it had suspended all mobile money services as it battles again...Published: 28 Jun 2020 at 08:17hrs | 1083 | by Staff reporter
Mobile money transactions not to blame for economic woes
FORMER Finance minister Tendai Biti has called government's ban on trading on the Zimbabwe Stock Exchange (ZSE) and all mobile money transactions as "madness" with terrible consequences.The ba...Published: 28 Jun 2020 at 08:15hrs | 570 | by Staff reporter
Mobile money services banned
THE Government has suspended phone-based money transactions with immediate effect as investigations into allegations that they fuel black market transactions that have caused runaway inflation gather ...Published: 27 Jun 2020 at 08:08hrs | 733 | by Staff reporter
Key economic lessons for Zimbabwe from South Africa
Zimbabwe and South Africa share a long history of trade, socio-economic, political and cultural ties that span for decades. The two countries are separated by a 225km border that runs along the Limpop...Published: 01 Jun 2020 at 15:42hrs | 686 | by Smetch Sibanda
Vic Falls foreign exchange: A potential game Changer
The Zimbabwean government announced that it will soon launch the Victoria Falls Securities Exchange (VFEX) as part of a broader plan to turn the renowned resort town into an offshore International Fin...Published: 20 May 2020 at 20:51hrs | 2434 | by Victor Bhoroma
Vic Falls foreign exchange: A potential game Changer
The Zimbabwean government announced that it will soon launch the Victoria Falls Securities Exchange (VFEX) as part of a broader plan to turn the renowned resort town into an offshore International Fin...Published: 20 May 2020 at 14:39hrs | 2962 | by Victor Bhoroma
Ecocash a Ponzi scheme says RBZ
Ecocash, a subsidiary of ZSE-listed Cassava Smartech, is engaging in shadow banking and is a Ponzi scheme that is creating fictitious money and balances in the system, FinX reported.According ...Published: 08 May 2020 at 22:17hrs | 5110 | by Staff reporter
Victoria Falls Stock Exchange to be launched soon, Mthuli Ncube confirms
The Zimbabwe Stock Exchange is set to establish a hard currency stock exchange in Victoria Falls as part of efforts to attract global capital. The move will also support efforts to grow V...Published: 02 May 2020 at 19:55hrs | 3147 | by Ndou Paul
Imara warning shots on Zimdollar assets
IMARA Asset Management (Zimbabwe) has warned against holding on to Zimbabwean dollar-based (Zimdollar) assets, amid a possible return to the multi-currency regime in the aftermath of the Covid-19 glob...Published: 30 Apr 2020 at 11:45hrs | 1339 | by Staff reporter
Cassava jumps to the top on ZSE
Fintech group, Cassava Smartech, has jumped to top company on the Zimbabwe Stock Exchange (ZSE) by market capitalisation, replacing Delta from its long held position. Figures from the local bo...Published: 27 Apr 2020 at 09:31hrs | 221 | by Staff reporter
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