Private equity firm Takura has reached an agreement to acquire a 57,4% stake in sugar processor StarAfrica Corporation from the Zimbabwe Asset Management Company (ZAMCO), according to a corporate announcement on Thursday. “On the...
Spear Capital, a Scandinavian private equity investment firm that holds minority stakes in various companies in Southern Africa, is invested in Zimbabwe dairy Dendairy and wholesaler Metro. The fund says it is tracking at least two possible new investments...
The Zimbabwe Stock Exchange (ZSE) opened lower as trade returned a month after the government shut down the market over allegations of undermining the currency.
The ZSE’s all share index was down 4.49%, led by drops in key counters such...
South African money manager Allan Gray has slashed the valuations for Zimbabwean stocks in its African fund by 45% following economic turmoil that saw the government shut the country’s bourse last month.
Zimbabwe’s official exchange rate and equity prices don’t...
Government will wait for the conclusion of an investigation into the Zimbabwe Stock Exchange (ZSE) before allowing it to reopen, and this may take up to two weeks, Finance Minister Mthuli Ncube said Monday.
The stock market halted trade on...
Stockbrokers in Zimbabwe are struggling to explain to investors after the government shut down the stock exchange.
The Zimbabwe Stock Exchange announced Sunday it was suspending trade to comply with a directive issued by the Information Ministry late Friday that...
Caledonia Mining Corporation has finally secured regulatory approval to increase its shareholding in Blanket gold mine to 64%, the company announced on Tuesday. The Jersey-registered miner, which acquired the Zimbabwean mine in 2006, owned...
In just over a month since Zimbabwe dropped the multicurrency system, investors on the Zimbabwe Stock Exchange have lost over US$2 billion, and brokers say the market is now at its lowest value since 2009.
Following the end of dollarisation last month and the inevitable confusion that ensued, the Reserve Bank of Zimbabwe (RBZ) has today, July 24, issued its second exchange control circular to clarify certain aspects of the new regime,...
Delta Corporation recorded declines across its beverage lines, with soft drinks being the hardest hit, in a turbulent final quarter of its 2019 financial year. The company has struggled to source foreign currency for...
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