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

CABS doubles surplus as impairments fall

HARARE, August 26 (The Source) – Old Mutual Zimbabwe’s Central African Buildings Society (CABS) doubled its net surplus to $20,75 million from $10,63 million last year, on the back of improved loan recoveries amid restricted lending. “This was mainly due to a decrease in impairments… Read More