ZSE shares end the month in red

HARARE, Aug 30 (The Source) Zimbabwe Stock Exchange shares lost over 20 percent this month after sentiment weakened significantly following the outcome of the July 31 elections. The benchmark Industrials have lost 22 percent since August 1 to below the 185 point level from above… Read More

AICO courts new investors

By Chipo Musoko, HARARE, August 30, 2013 (The Source) – AICO Africa Limited’s negotiations with potential investors to recapitalise two of its companies are at an advanced stage, a company official said on Friday. Group chief executive Patrick Devenish told shareholders that there was need… Read More

POSB in H1 loss

HARARE, August 28, 2013 (The Source) – The People’s Own Savings Bank (POSB) has posted a loss of $131 000 for the half year ended 30 June 2013 down from a profit of $715 000 during the same period last year on the back of… Read More

Hwange colliery workers in brief sit-in

VICTORIA FALLS, August 27, (The Source) – Coal miner Hwange Colliery’s workers downed tools overnight but quickly reached a compromise with management over outstanding salaries. The workers, from the open pit division, have not been paid for the past four months, and about 200 workers… Read More