Foreign interest spurs ZSE run

HARARE, October 8 (The Source) – The stock market’s bull run continued on Tuesday, even though analysts warned that foreign interest was masking the fact that there was no local money in play. The industrial index picked up 0.40 points to close at 210.23 points… Read More

Sable seeks $12 million capital injection

KWEKWE, October 7 (The Source) – Nitrogenous fertilizer manufacturer Sable Industries is seeking $12 million in new capital to boost its production capacity, the company’s chief executive officer said on Monday. Sable is Zimbabwe’s sole manufacturer of ammonium nitrate (AN) but is currently operating at… Read More

BNC’s Trojan mine nears reopening

HARARE, October 7 (The Source) – The reopening of Bindura Nickel Corporation’s Trojan Mine moved a step closer after an independent consultant review of its business plan showed a 28 percent increase in proven reserves at the mine. The Mwana Africa owned company raised $6… Read More

Market closes week with huge gain

HARARE, October 4 (The Source) – The industrial index on Friday maintained its bullish trend after gaining a further 2.91 points to  close the week at 208.35 points  spurred by gains in BAT, PPC, Colcom and Delta. Cigarette-maker, BAT which has been ranked among the… Read More

Phoenix shares suspended from trading on ZSE

By Chipo Musoko, HARARE, October 3 (The Source) – The Zimbabwe Stock Exchange (ZSE) on Thursday suspended Phoenix Consolidated Industries after the troubled plastic and steel company voluntarily applied for judicial management. “Phoenix Consolidated Industries Limited shares were suspended from trading with immediate effect after… Read More

Mzembi honoured for UNWTO success

BULAWAYO,  October 3 (The Source) – Zimbabwe and Zambian tourism ministers will be honoured with the Africa Legend Award 2013 for successfully co-hosting 20th United Nations World Tourism Organization General Assembly in August. The Pan African Award Committee of the Travel Awards announced that  ministers… Read More

Market maintains bullish path

HARARE, September 3 (The Source) – The industrial index on Thursday maintained an upward trend gaining 2.08 points to close at 205.44 points as government sought to engage business to turn around the economy and attract investment. ZANU-PF met with business leaders in Harare today,… Read More