ZSE flat in mixed trades

HARARE, October 9 (The Source) – The stock market was flat in mixed trades on Wednesday, with the industrial index creeping up marginally up by 0.01 points to close at 210.24 points. Delta recorded the tiniest of gains of 0.01 cents to 136.01 cents in… Read More

CSC sinks in $22 million debt

BULAWAY0, October 9 (The Source) – State-owned meat processor Cold Storage Company (CSC) is saddled with a $22 million debt and owes workers $2,1 million in outstanding salaries, chief executive officer Ngoni Chinogaramombe said on Wednesday. Chinogaramombe told the two deputy ministers of agriculture, Paddy… Read More

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