ANALYSTS say the Zimbabwe Stock Exchange (ZSE), which has seen manic bull runs over the past two years, has entered self-correction after losing 17 percent during the first quarter of 2019. Interest in stocks had surged over the past two years due to the currency risk brought about by the loss of value of bond…
ZIMBABWE is seeking funding for the development of information and communication technology infrastructure (ICT) to ensure universal access to the international community, the country’s regulator has said. [GoogleAd] Gift Machengete, the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) director general, said it was critical for the international community to pool resources together and channel…
OK Zimbabwe chief executive officer Alex Siyavora says the leading retail has increased the number of OK Grand Challenge jackpot promotion prizes in response to feedback from the market. The main prize this year will be a Nissan Navara 4 x 4 double cab. To qualify, OK customers must spend at least $20 RTGS in…
THE Zimbabwe Stock Exchange Limited (ZSE) says it has delisted PG Industries Zimbabwe (PG) and Willdale preference shares with effect from April 8, 2019. ZSE chief executive Justin Bgoni yesterday said PG applied for voluntary termination of its listing following the fulfilment of all conditions precedent to the approved Secondary Scheme of Arrangement in December…
Metallon Corporation (Metallon)’s two units Mazowe Mining Company (Mazowe) and Goldfields of Shamva (Shamva) are now under corporate rescue after the companies filed for supervision. Lawyers representing the two troubled firms yesterday said a court application for the placement of the companies under supervision was filed with the High Court of Zimbabwe on April…
CROCODILE skins and meat producer Padenga Holdings (Padenga) says it is considering a deal to diversify its business. In a cautionary on Tuesday, the company announced that it is “considering a proposed transaction to diversify its business through investment into an alternative export-oriented business”. [GoogleAd] Padenga, however, warned that the proposed diversification will not result…
ZIMPLOW says its profits surged 76 percent to $6,010 million in the year ended December 31, 2018 compared to $3,468 million recorded in prior period on the back of cost containment measures. [GoogleAd] The farming implements supplier said revenue increased by 25 percent to $48,7 million compared to $39,1 million recorded in previous comparable period….
ZIMBABWEAN capital markets players are expected to meet in the capital next Thursday to discuss implications of the Securities and Exchange Bill. [GoogleAd] The Compliance Society of Zimbabwe, which is organising the event, said several players including analysts, general managers, legal practitioners, company secretaries, compliance managers and officers, and money laundering reporting officers among others…
TICKETING startup SeatGeek Inc. has hired Danielle du Toit as president of SeatGeek Enterprise, a new position leading a business that’s become 10 times bigger than the company first expected. A longtime marketing executive, du Toit took an unlikely route to SeatGeek. [GoogleaAd] She said she knew little about ticketing when SeatGeek’s co-founders, Russ D’Souza…
THE Infrastructure Development Bank of Zimbabwe (IDBZ) says it is looking at developing four student accommodation projects around the country valued at $26,4 million by year end. [GoogleAd] IDBZ’s chief executive Thomas Zondo Sakala, last week, said the State-owned bank — which is presently implementing its $14,2 million Bulawayo student accommodation complex — has seen…
