Business »
Tuesday, 14 May 2013 16:26
HARARE - Blue chip and fast-moving consumer goods (FMCG) stocks’ demand is likely to remain high as investors hedge against election impact, analysts say. Zimbabwe is expected to hold watershed polls this year with President Robert Mugabe squaring off long-time rival...Read More
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Business »
Friday, 26 April 2013 10:33
HARARE - The Zimbabwe Stock Exchange (ZSE) has terminated the listing of Barbican Holdings Limited (Barbican), TZI Limited (TZI) and Red Star Holdings (Red Star). “The terminations were ratified by the Board and as such, these companies will no longer appear...Read More
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Business »
Wednesday, 17 April 2013 15:20
HARARE - Blue-chip firm Delta Corporation (Delta) says it expects its overall financial performance for the year to March 2013 to be in line with projections, despite lager beer sales volumes slumping six percent in the fourth quarter. “The decline is...Read More
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Business »
Thursday, 21 February 2013 10:39
HARARE - Securities Commission of Zimbabwe (SecZim) says the Zimbabwe Stock Exchange (ZSE) is yet to identify a strategic technical partner who will bring in the requisite expertise for the automation of its trading platform. Tafadzwa Chinamo, SecZim’s chief executive, refuted...Read More
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Business » Ndakaziva Majaka, Staff Writer
Wednesday, 20 February 2013 11:17
HARARE - Stockbrokers are fighting a “lost battle” in trying to block demutualisation of the Zimbabwe Stock Exchange (ZSE), the Securities Commission of Zimbabwe (SecZim) said. Tafadzwa Chinamo, SecZim’s chief executive, said the brokers will not win the case because government...Read More
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Africa »
Monday, 11 February 2013 12:54
HARARE - TN BANK Limited (TN Bank) was yesterday de-listed from the Zimbabwe Stock Exchange (ZSE) following its takeover by Econet Wireless Zimbabwe Limited (Econet). Econet — Zimbabwe’s largest mobile network operator — increased its stake in TN Bank to 97,96...Read More
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Business »
Friday, 18 January 2013 11:44
HARARE - Beverages maker Delta Corporation (Delta) says its lager beer volumes went up seven percent in the nine months to December 2012, largely spurred by substantial demand during the festive season. The Zimbabwe Stock Exchange-listed group said lager beer volumes...Read More
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Business »
Friday, 28 December 2012 15:04
HARARE - Zimbabwe Stock Exchange-listed TN Bank Limited (TN Bank) seeks shareholders’ approval to delist from the local bourse at its January 18, 2013 extraordinary general meeting. This comes after telecommunications giant Econet Wireless Zimbabwe (Econet) acquired 100 percent of the...Read More
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Business »
Wednesday, 28 November 2012 11:14
HARARE - The Zimbabwe Stock Exchange (ZSE)’s turnover closed the month of October at $37,9 million down from the year-to-date peak of $65 million registered in June. The equities market’s turnover opened the year at $55,7 million, but closed the first...Read More
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Business » Ndakaziva Majaka, Staff Writer
Friday, 23 November 2012 12:38
HARARE - Zimbabwe Stock Exchange (ZSE)’s turnover went up 391 percent to $3,757 million on Wednesday, its highest daily turnover since the beginning of November, the bourse said. Total transaction value jumped to $3,757 million on 6,310 million shares from $764...Read More
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Business »
Tuesday, 06 November 2012 13:52
HARARE - Delta Corporation (Delta) is one of the country’s biggest tax payers, with $400 million having been paid over the past three years, Finance minister Tendai Biti has revealed. Biti said Delta’s contribution to Treasury was a huge sign of...Read More
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Business »
Thursday, 01 November 2012 12:55
HARARE - Delta Corporation, Zimbabwe’s biggest brewer and company by market value, will next week commission its new $17 million beverages bottling plant that has a capacity to produce 700 000 hectolitres (70 million litres) per annum. The new beer plant...Read More
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Business »
Monday, 22 October 2012 12:21
HARARE - Global brewer, SABMiller says Delta Corporation lager volumes increased by nine percent in the six months ended September 30, 2012. “A focus on premiumisation and pack innovation coupled with improved availability helped increase volumes in our associate in Zimbabwe...Read More
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Business » Roadwin Chirara, Business Editor
Wednesday, 10 October 2012 11:36
HARARE - Delta Corporation’s feat of attaining a $1 billion market capitalisation could attract more foreign investor participation on the local bourse, which has been under-performing due to liquidity challenges, analysts say. Last week the beverages manufacturer became the first company...Read More
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Business » Taurai Mangudhla, Business Writer
Wednesday, 19 September 2012 11:41
HARARE - Telecel Zimbabwe Private Limited (Telecel) yesterday announced plans to invest $40 million into a network expansion exercise that will see the company grow coverage to 90 percent by end of next year. “Our network coverage is now around 75...Read More
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