Banking on African infrastructure

By Ibrahim Assane Mayaki, JOHANNESBURG – As the US Federal Reserve embarks on the “great unwinding” of the stimulus program it began nearly a decade ago, emerging economies are growing anxious that a stronger dollar will adversely affect their ability to service dollar-denominated debt. 

Zim stocks extend gains

HARARE, November 5 (The Source) – The Zimbabwe Stock Exchange (ZSE) industrial index gained 2.2 percent to 525,63 points after a recovery in some heavyweight counters.The mining index also gained 2,37 percent to close at 140,5 points. Market capitalisation increased by 2,25 percent in the… Read More

ZSE cools down after week of losses

HARARE, October 29 (The Source) – Profit-taking in selected counters saw the Zimbabwe Stock Exchange’s main industrial index lost 0,66 percent to close the week on 514,3 points, on losses in selected heavyweight counters.The mining index however gained 6,5 percent to close at 137,25 points,… Read More

ZSE main index slips for third day

HARARE, October 25 (The Source) – The Zimbabwe Stock Exchange eased for the third day in a row on Wednesday, dropping 0,11 percent to settle at 515,32 points while the mining index advanced 4,30 percent to 136,72 points. Market capitalisation stood at $14,6 billion while… Read More

ZSE opens week lower

HARARE, October 23 (The Source) The Zimbabwe Stock Exchange opened the week in the red ,shedding 0,23 percent to settle at 516,54 points weighed down by losses in Delta, Econet and Innscor while the mining index added 0,68 percent to settle at 129,75 points.

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