Foreigners hunt Old Mutual shares on ZSE

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.

ZSE turnover recovers, hits $3.1 million

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

IDC seeks $100mln seed capital

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

CABS to rebrand, refurbish branches

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