Old Mutual, Delta gains propel ZSE

HARARE, November 8 (The Source) – Gains across several heavyweight counters propelled the equities market’s main industrials index to a 1.59 points or 0.75 percent gain to close the week at 212.45 points. Old Mutual, Delta, Innscor all traded in the black, as did several… Read More

‘Midlands companies need special fund’

GWERU, November 8 (The Source) – Companies in the Midlands province, once a thriving mining and manufacturing hub, require over $250 million to revive operations and improve operational capacity, an economist has said. Major firms such as ferrochrome processors Zimbabwe Alloys and Zimasco, Bata Shoe… Read More

South African miner eyes Kamativi – ZMDC

BULAWAYO, November 7 (The Source) – The Zimbabwe Mining Development Corporation is talking to a South African company over a possible multi-million dollar joint venture to revive Kamativi Tin Mine in Matabeleland North, an official said on Thursday. “We have been working with a South… Read More

ZSE rebounds in few trades

HARARE, November 7 (The Source) – The stock market’s erratic  performance was evident on Thursday as the main industrial index rebounded 1.16 points to close at 210.86 points supported by gains in major counters on a day of few trades. The market has fluctuated in… Read More

Zimplow sells off Tassburg

HARARE, November 7 (The Source) – Farm implements manufacturer, Zimplow Holdings has disposed its bolts and nuts manufacturing company, Tassburg to streamline operations and focus on its core business,  the company said. It said details of the transaction would be made public along with its… Read More

ZSE index falls in mixed trades

HARARE, November 6 (The Source) – The market continued to drift with no clear direction on Wednesday and after two consecutive gains, the industrial index shed 0.58 points to close at 209.69 points after losses in Econet and several mid-weight counters. Market mover Econet, along… Read More