Articles tagged 'zse'

SeedCo posts early profit 5 December 2018 HARARE - SeedCo Holdings (SeedCo), one of Africa’s largest seed producers, yesterday reported a $5,9 million profit after tax for the six months ended September 30, 2018, coming off a $2 million loss in the prior comparable period. The half year profit is uncommon for the seed company that has...
Powerspeed in massive profit growth 5 December 2018 HARARE - Powerspeed Electrical (Powerspeed) says its profit after tax surged 285 percent to $4,201 million during the year ended September 30, 2018 from $1,091 million reported during the previous comparable period due to an increase in volumes. Powerspeed's chairperson Simba Makoni, said turn...
Barclays, CBZ spur ZSE 14 September 2018 HARARE - Zimbabwe Stock Exchange (ZSE) recorded significant gains towards the end of last week buoyed by block trades in financial institutions Barclays and CBZ Holdings (CBZ) shares. The local bourse, which survived a mid-week slump as it powered to gains in all the major market benchmarks by...
ZSE further extends CFI suspension 20 August 2018 HARARE - The Zimbabwe Stock Exchange (ZSE) has indefinitely prolonged the suspension of agro-industrial group, CFI Holdings’ shares from trading on the local bourse. CFI was suspended from trading in January, 2018, after the company failed to comply with listing requirements. Martin Matanda...
SECZ to launch online system 7 July 2018 HARARE - An online system allowing ordinary people to buy shares on the Zimbabwe Stock Exchange (ZSE) is set to be launched on July 16. According to a notice issued by the Securities and Exchange Commission of Zimbabwe (SECZ) yesterday, the platform, named C-TRADE, allows for easy access to th...
Old Mutual lists in Zim 27 June 2018 HARARE - Old Mutual Limited shares were yesterday listed on the Johannesburg Stock Exchange (JSE) with a secondary listing on the Zimbabwe Stock Exchange (ZSE), Nairobi Securities Exchange (NSX) and the Malawi Stock Exchange (MSE) The listing replaces the listing of Old Mutual plc which has be...
Suspended CFI remains defiant 10 May 2018 HARARE - CFI Holdings Limited says its board is compliant with the provisions of its articles of association and the Zimbabwe Stock Exchange (ZSE) must provide evidence showing that it has violated listing requirements in terms of directors. The ZSE suspended CFI in January for reasons that in...
Hwange calls off exploration deal? 18 April 2018 HARARE – Hwange Colliery Company Limited (HCCL) has suspended negotiations concerning a material transaction, which was going to have an effect on the price of the company’s shares, had it been concluded. The Zimbabwe Stock Exchange listed miner, which also trades its shares on the London and ...
ZSE extends CFI suspension 11 April 2018 HARARE - The Zimbabwe Stock Exchange has extended CFI Holdings (CFI) suspension from trading by an additional 30 days to conclude an investigation on the diversified conglomerate’s alleged bad corporate governance. In January this year, CFI was suspended from trading its shares on the ZSE plat...
ZSE loses $3bn in three days 20 November 2017 HARARE - The Zimbabwe Stock Exchange (ZSE) tumbled last week losing almost $3 billion in three days as the market responds to the military’s seizure of control of government which started on Wednesday. The Zimbabwe Defence Forces took over control of the government in the early hours of Wednes...
ZSE bull run to continue 13 October 2017 HARARE - The Zimbabwe Stock Exchange rebound is expected to continue throughout October after total volumes traded in September went up 127,81 percent to 264,09 million. In its report for the month of September, equities firm IH Securities (IH) said the relentless bull run was a direct result ...
ZSE introduces market data policy 3 October 2017 HARARE - The Zimbabwe Stock Exchange (ZSE) has announced that it will soon  issue the Market Data Policy which will govern the use, distribution and reporting for listed counters with effect from January 1 next year. Market Data enables investors and stock brokers to have public access to trad...
ZSE in the black as industrials recover 26 September 2017 HARARE - The local bourse ended the week in the black as industrials partially recovered after four successive sessions in the red. The mainstream index picked up by 0,46 percent to settle at 366,08 buoyed by gains in heavy caps. The resource index went up by 0,96 percent to close at 99,67. ...
ZSE in all-time high 5 September 2017 HARARE - The Zimbabwe Stock Exchange (ZSE) last Thursday reached its highest post United States Dollar adoption, after capping the month of August on the front foot as bulls continued to drive the indices higher. With the previous highest level set on August 1, 2013 — the day after Zimbabwe's ...
Border Timbers in CSD debut 14 August 2017 HARARE - Zimbabwe Stock Exchange-listed agro-industrial concern, Border Timbers, is set to make its debut on the Central Securities Depository (CSD) next week. The CSD system maintains securities in electronic format in investors’ accounts, allowing their transfer from one party to the other t...
We notified ZSE: Van Hoog 1 August 2017 HARARE - British tycoon Nicholas Van Hoogstraten says his investment vehicle — Messina Investments — notified the Zimbabwe Stock Exchange (ZSE) of its intention to buy out CFI Holdings minorities despite claims by the regulator that due processes were not followed. As the battle for control at...
It's Game of Thrones at CFI 31 July 2017 HARARE - The battle for the throne at CFI Holdings (CFI) has escalated with market regulator — the Zimbabwe Stock Exchange (ZSE) — claiming it was unaware that British tycoon, Nicholas Van Hoogstraten’s Messina Investments qualified to make a mandatory offer to the company’s minorities. The bo...
'Market to continue trending upwards' 19 July 2017 HARARE - The market is anticipated to trend upwards in the near future as institutional investors invest in the Zimbabwe Stock Exchange (ZSE), despite a lack of support from fundamentals, local analysts say. Equities firm, IH Securities (IH), said while the country faced prospects of firming i...
Zimre seeks Botswana listing 29 June 2017 HARARE - Zimbabwe Stock Exchange-listed diversified concern, Zimre, is planning to list its subsidiary Emeritus International Reinsurance Company (Emeritus) in Botswana. The group’s chief executive, Stan Kudenga, said exchange controls approvals for the setting up of Emeritus — an offshore ...
Econet share price doubles 20 June 2017 HARARE - Share price of Econet Wireless Zimbabwe (Econet), the country's largest telecommunications firm by subscriber base, has jumped by more than 100 percent since it announced its historic $130 million rights issue in January. The company's stock hit a record high of $0,35 cents yesterday ...
Dividends trapped in banks 17 June 2017 HARARE – While most counters on the Zimbabwe Stock Exchange (ZSE) have been trying to outdo each other in declaring dividends, concern remains over the failure by foreign investors to access their return in light of the liquidity crisis rattling the local economy. Despite the worsening economi...
ZSE bull-run buoys FML 17 June 2017 HARARE – First Mutual Holdings (FML)’s investment income in the five months to May 2017 surged from $581 000 to $5,5 million, driven by a rebounding Zimbabwe Stock Exchange (ZSE), a company official said. The financial services group’s chief executive, Douglas Hoto, told shareholders on Wednes...
Zim companies in share buybacks 13 June 2017 HARARE - Zimbabwean companies are embarking on a share buyback spree in an effort to preserve shareholder value and boost earnings per share. Last week, Zimre Holdings and Pearl Properties announced their intention to embark on share buybacks. Companies buy back their shares for various rea...
ZSE reverses African Sun/Dawn deal 13 June 2017 HARARE - The Zimbabwe Stock Exchange (ZSE) has reversed a $3,9 million transaction between African Sun Limited (ASL) and Dawn Properties Limited (DPL) after the two companies flouted listing regulations. This was after ASL and DPL — both subsidiaries of Brainworks Capital Management (Brainwork...
ZSE breaches $5bn mark 12 June 2017 HARARE - The Zimbabwe Stock Exchange’s market capitalisation last week breached the $5 billion mark for the first time in nearly two years. The local bourse closed the week at $5 179 592 804 buoyed by gains in blue chip counters such as BAT, Delta, Innscor, SeedCo, Meikles and Colcom.  [Goo...