ZSE index falls below 200-point mark

HARARE, January 22 (The Source) – The equities market slipped below the 200-point mark on Wednesday, shedding 2.87 points to 198.98 points weighed down chiefly by losses in Old Mutual, Delta and Innscor. Analysts, who say the market is overpriced, expect more downside ahead of… Read More

The elusive lustre of gold

By Farai Murambiwa, HARARE, January 20 (The Source) – Artisanal gold miners can’t believe their luck. I for one did not see this coming, it is not common that you find ‘makorokoza,’ widely loathed for being a big environmental nuisance being elevated to number one… Read More

ZSE main index falls in few trades

HARARE, January 15 (The Source) – The equities market was subdued for the second day running in Wednesday, with the mainstream Industrial index shedding 0.84 points to 203.29 points in few trades. Driving the losses were heavyweights, Delta and Econet which both eased by a… Read More

Investor snaps 17.6 mln African Sun shares

HARARE, January 13 (The Source) – An investor, believed to be Brainworks, on Monday acquired over 17.6 million African Sun shares from local investment group, Eqivest for $495 000. Brainworks Capital Management, through its subsidiary Lengrah Investments increased its shareholding in the hotel group to… Read More

ZSE maintains momentum

HARARE, January 10 (The Source) – The industrial index maintained its upward trend on Friday after gaining 1.24 points to close the week at 204 points. Among the gainers were PPC, which added five cents to 240 cents, telecoms giant, Econet gained 1.80 cents to… Read More