HARARE, December 27 (The Source) – Foreign buyers are making a comeback on the Zimbabwe Stock Exchange (ZSE) in December, with particular interest in Old Mutual plc shares and take positions as the group breaks its vast financial empire into four strategic units.
HARARE, September 25 (The Source) – Old Mutual is trading three times higher on the Zimbabwe Stock Exchange compared to its primary listing on London Stock exchange (LSE), indicating that local assets are overvalued as punters seek to maximise value in Zimbabwe’s currency chaos.
BULAWAYO, March 9 (The Source) – Leading international financial services provider Old Mutual plc says its Zimbabwe unit recorded a 20 percent jump in profit to R848 million ($64 million) last year, from R708 million ($53. 4 million) in 2015, mainly due to the depreciation… Read More
By Simbarashe Zishiri, HARARE, October 14 (The Source) – The stock market has endured a miserable year, with its poorest performance since dolllarisation. But in the gloom there has been some shining lights. Here are the top five performing stocks of the year so far… Read More
HARARE, July 28 (The Source) – The Zimbabwe Stock Exchange’s main index closed 0.76 percent up at 99.64 points on Thursday, as heavyweights Delta, Old Mutual and Axia traded positively, with turnover reaching $3.1 million. Thursday’s daily turnover is significant, considering the market’s forgettable Tuesday,… Read More
HARARE, June 17 (The Source) – Integrated financial services group Old Mutual Zimbabwe on Friday announced plans to construct a mall which will house small scale businesses and informal traders in Harare’s city centre. Small to medium enterprises and informal trading have taken centre stage… Read More
HARARE, April 26 (The Source) – The Central Africa Building Society (CABS), Zimbabwe’s largest mortgage lender, will spend about $2,5 million on branch refurbishments this year as well adding two more branches in Harare’s industrial areas, managing director Simon Hammond told The Source. CABS, a… Read More
By Bernard Mpofu, HARARE, April 24 (The Source) – The local unit of Old Mutual Plc says it has recorded satisfactory results for the first quarter ending March despite rising voids in its property portfolio, chief executive officer Jonas Mushosho said on Friday. Mushosho attributed… Read More
HARARE, February 25 (The Source) – CABS has reduced the initial deposit payable for stands under its Budiriro housing development scheme to 10 percent from 25 of the total cost after reporting slow uptake of the stands, an official has said. Two-roomed houses cost $22… Read More
HARARE, July 23 (The Source) – Zimbabwe’s biggest mortgage lender, Central African Building Society (CABS) says it has secured $45 million in lines of credit from international financiers for mortgage finance and for lending to the struggling local industry. Managing director Kevin Terry said a… Read More
HARARE, July 17 (The Source) – The Industrial Development Corporation of Zimbabwe (IDC) is seeking $100 million in seed capital to finance industrial projects, an official said on Thursday. Industry and Commerce ministry deputy director Percy Takavarasha told delegates attending a youth conference in the… Read More
HARARE, July 8 (The Source) – Zimbabwe’s biggest mortgage lender, Central African Building Society (CABS), is set to rebrand and refurbish its branches this month to improve service, a company official said. “We are in the final stages of preparing to rebrand our corporate identity… Read More
HARARE, July 2 (The Source) – Industry minister, Mike Bimha on Wednesday said the Central African Building Society (Cabs) has agreed to relax regulations for struggling companies to access funds from the society under the Distressed and Marginalised Areas Fund (Dimaf) to improve access to… Read More
HARARE, April 7 (The Source) – Zimbabwe’s life assurance companies registered a 34 percent growth in gross premium business written to $261, 8 million last year, buoyed by employee benefits schemes, but increasing costs remain a worry for the industry, a regulator’s report showed on… Read More
HARARE, December 10 (The Source) – Old Mutual will construct 15 000 low-income housing units in major centres across the country over five years, the biggest such project in over two decades, a company official said on Tuesday. “The purpose of the housing fund is… Read More