HARARE, August 22 (The Source)- Zimre Property Investments on Tuesday reported a 7 percent decline in revenue to $2,76 million in the six month period to June, weighed down by a 14 percent fall in rental income as the property sector remained subdued. The average… Read More
HARARE, August 22 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says its Zimbabwe operation recorded double digit volume growth in the quarter ended June, attributable to investment in the Harare mill. Last November, the company commissioned an $82 million plant in Harare,… Read More
HARARE, August 21 (The Source) – Arise, an investment company formed by the Norwegian Investment Fund (Norfund), Netherlands Development Fund (FMO) and Dutch commercial bank Rabobank has taken a nearly 18 percent stake in zimbabwean bank NMBZ Holdings. The transactions effectively consolidates Norfund and FMO’s… Read More
HARARE, August 21 (The Source) – The central bank’s latest bid to deal with foreign currency shortages will hit hard Zimbabwe’s verdant mining sector, and has been described as ‘catastrophic’ by some industry players. “With immediate effect, 80 percent of all foreign exchange receipts from… Read More
HARARE, August 12 (The Source) – The Zimbabwe Stock Exchange’s main industrial index advanced 1,7 percent to close the week at 210.61 points after several heavyweight counters recorded gains.
HARARE, August 10 (The Source) – First Mutual Holdings Limited (FMHL) is seeking shareholder approval to raise $17,25 million through a rights issue to finance the acquisition of a 80,92 stake in Zimbabwe’s largest short-term insurer Nicoz,Diamond.
HARARE, August 7 (The Source) – The Securities and Exchange Commission (SECZ) says CFI Holdings minority shareholders should disregard an informal offer by Messina Investments which it says undermines the integrity of the market and transparency in trading of equities on the local bourse.
HARARE, August 6 (The Source) – The Zimbabwe Stock Exchange industrial index advanced 2,49 percent to close the week on 207,09 points, as local investor appetite for stocks continues to drive the market to new highs. The mining index also gained 12,94 percent to settle… Read More
HARARE, August 1 (The Source) – The High Court of Zimbabwe on Tuesday ordered the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) to stop diamond mining activities in Chiadzwa with immediate effect until it has been granted an Environmental Impact Assessment (EIA) certificate.
HARARE, August 1 (The Source) – The Zimbabwe Stock Exchange industrial index advanced 3,71 percent in July to 203,25 points, its highest for over three and half years, driven by the gains in most heavyweights. The mining index eased 0,5 percent to close at 69,79… Read More
HARARE, July 30 (The Source) – The Zimbabwe Stock Exchange industrial index advanced one percent to close the week on 202,06 points, its highest point in 40 months, while the mining index weakened by 5,14 percent to settle at 65,45 points after losses in Bindura.… Read More
HARARE, July 27 (The Source) – Zimbabwe’s biggest bank, CBZ has set new withdrawal limits for its international Visa card holders will also now be required to funds their accounts with physical cash before travel. The card holders will now be restricted to $200 per… Read More
HARARE, July 25 (The Source) – A leading economics professor has urged Zimbabwe’s government to make its controversial bond note currency tradable on the foreign currency market to reduce its externalisation and tackle persistent cash shortages.
By Simbarashe Zishiri, HARARE, July 21 (The Source) – Agro-industrial group CFI Holdings on Thursday traded at 31,05 cents, 41 percent above Stalap’s minority offer price of 22 cents, raising the possibility of a bidding war among shareholders defending their interests in the agro-industrial group.… Read More
HARARE, July 21 (The Source) – The Zimbabwe Stock Exchange industrial index advanced 0,82 percent to close the week on 200,04 points, its highest point in 42 months. This is the highest mainstream index level since December 31, 2013, when it closed the year on… Read More