Delta gains push market higher

HARARE, October 10 (The Source) – Huge gains in heavyweight Delta drove the industrials index up 1.20 points on Thursday to close at 211.44 points. The beverage maker, the largest counter on ZSE with a third of its market capitalisation, saw its share price shoot… Read More

Zimglass resumes production of flint glass

GWERU, October 9 (The Source) – Zimbabwe’s sole glass  maker, Zimbabwe Glass Industries (Zimglass) has resumed  manufacturing flint glass used in bottling soft drinks, three years after suspending production, a company official said on Wednesday. Zimglass spokesperson, Dereck Sibanda told The Source that production of flint glass… Read More

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