ZSE sprints past 500-point mark

HARARE, October 15 (The Source) – Local investors reacted to a Cabinet reshuffle in the week by piling onto the stock market, leading to the mainstream index hitting another record setting level of 505,32 on Friday.As President Robert Mugabe has shown time and again, he… Read More

Delta buys Zambia’s National Breweries

HARARE, October 13 (The Source) – Listed beverages manufacturer Delta Corporation, (Delta), says it is set to acquire a controlling stake in Lusaka Stock Exchange-listed sorghum beer company, National Breweries Plc (NatBrew), from its parent firm, Anheuser-Busch InBev SA/NV (AB InBev).Company secretary Alex Makamure said… Read More

Six foreign investors bid to revive NRZ 

By Kuda Chideme, HARARE, July 4 (The Source) – Six private investors, including SMH Rail Malaysia and South Africa’s Transnet on Tuesday submitted bid documents for a $400 million tender to recapitalize Zimbabwe’s struggling rail company. National Railways of Zimbabwe (NRZ), the country’s sole railway… Read More

ZSE run continues

HARARE, June 25 (The Source) – The ZImbabwe Stock Exchange’s main industrial index advanced 0,57 percent to close the week on 191,15 points, pushed by slight gains in heavyweight counters.  The while the mining index was also in the black, gaining 0,23 percent to settle… Read More

January inflation rises to -0.65pct

HARARE, February 15 (The Source) – Zimbabwe’s annual inflation rate gained 0.28 percentage points in January to -0.65 percent, the statistics agency reported on Wednesday. On a monthly basis, the rate was 0.23 percent in January after gaining 0.18 percentage points on the December 2016… Read More