ZSE orders Econet to postpone EGM

HARARE, Feb 1 (The Source) – Econet Wireless Zimbabwe’s extraordinary general meeting, slated for Friday to consider a proposed $130 million capital raise, has been postponed indefinitely, the Zimbabwe Stock Exchange (ZSE) has said. Econet’s capital call has generated some controversy largely due to its… Read More

Finsec turnover down 86pct in January

HARARE, February 1 (The Source) – Zimbabwe’s alternative trading platform (ATP), Financial Securities (Finsec) recorded an 86 percent decline in turnover for January from $553,589 in December to $75,883 as analysts decry lack of investment alternatives on a market that has one company listed. The… Read More

Mid-caps drive ZSE gains

HARARE, January 13 (The Source) – The Zimbabwe Stock Exchange industrial index gained 0,59 percent to close at 146,21 points for the week, buoyed by midcaps but the mining index remained flat at 58,51 points. Delta gained 2,21 percent to close at 92 cents while… Read More