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...
It is a literal portrayal of how Zimbabwe's foreign currency shortages are keeping investors away. Brokers on the Zimbabwe Stock Exchange (ZSE) are failing to access the market’s automated trading platform after the software supplier withdrew support services due to...
OK Zimbabwe, the country’s largest supermarket group, believes the market turmoil precipitated by recent government policies is temporary. The chain is one of the biggest victims of the upheaval caused by the authorities’ October 1 decision to separate foreign currency...
Delta Corporation says it owes foreign suppliers US$41 million, as surging demand continues to exert pressure on its forex needs. Delta’s products, especially carbonated soft drinks, have been in short supply and the situation worsened at the beginning of October...
THE Zimbabwe Stock Exchange hit its highest level since dollarisation on Wednesday, as investors seek a home for their money amid exchange rate volatility and inflation fears. The main industrial index hit 593.82 points, up 15.96 percent from Tuesday. The...
MASIMBA Holdings has reported a 55% jump in revenue in the first six months of 2018, driven by a strong order book. The contractor’s revenue rose to $17.95 million from $11.58 million in the same period of last year. “The growth...
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