Markets

Stock Market ● 8 months ago
RioZim withdraws cautionary announcement, agrees payment structure with RBZ

Delays in payments for gold deliveries strained the Company’s working capital Agreement reached with RBZ and Fidelity will help revitalize operations RioZim has an extensive portfolio of resources in gold, base metals, diamonds, coal and chrome HARARE – ZSE listed, gold producer RioZim Limited has withdrawn the cautionary announcements dated 15 June 2020 and 8 July 2020 regarding the impass...


Stock Market ● 7 months ago
PPC Zim records increased first half sales and earnings despite economic challenges

Harare – Regional cement manufacturer, Pretoria Portland Cement (PPC) says although trading conditions in Zimbabwe were characterised by a challenging economic environment and the impact of COVID-19 related lockdown restrictions, domestic cement volumes grew by 5% to 10% in the first half of its 2021 financial year supported by ongoing infrastructure projects. Headquartered in South Africa, PPC a...

Markets ● 7 months ago
FBC taps into the mobile money business

Financial institution and investment holding company FBC Holdings Limited has launched a mobile merchant and bill payments option capping a year of solid market moving digital products release. Since embarking on a digitisation program in 2018, the financial services group, has never been at its strongest than the current year. Earlier this year the bank went paperless, with automation of new acc...

Markets ● 7 months ago
Powerspeed shareholders okays delisting

Shareholders voted to cut ties with the ZSE at an EGM The company had previously lamented that their listing was no longer beneficial The company will now proceed to buy back shares from minority shareholders The shareholders of electrical and hardware supplier, Powerspeed Electrical limited have approved a proposition to delist from the local bourse on the basis that it is no longer benefi...

Markets ● 6 months ago
Old Mutual Exchange Traded Funds lists on the ZSE

Old Mutual ETF debuts on the ZSE Makes history as the first ETF to be traded on the ZSE More ETF listings expected in the near future Old Mutual became the first entity to successfully list and trade Exchange Traded Funds (ETFs) on the Zimbabwe Stock Exchange, after trades valued at $4,74 million were completed as the market resumed post holidays. Prior to the introduction of ETFs, the ZSE...


Stock Market ● 6 months ago
Stocks falter in early trades of the year

ZSE Daily Comment 06.01.21 *Performance Charts incl (ZSE indices, ZSE Value Traded, Interbank) The ZSE ended the tumultuous 2020 at record highs, only to plunge on the first session of the year on Monday. The local bourse has largely been sailing in tandem with global markets. At the close of business today, global stocks had collectively slipped amid a fresh wave of the novel, Corona virus, whi...


Markets ● 3 months ago
Turnall Holdings' Finance Director Steps Down

Tile manufacturer, Turnall Holdings, has announced the stepping down of Finance Director Samson Mavende. Mavende who has been with the organization for 4 years is set to step down at the end of the month (April 2021). Mavende joined Turnall as Finance Director in the midst of a restructuring process. Turnall had sacked most of its key executives including the CE John Jere after accusing them of e...

Markets ● 3 months ago
Turnall Holdings' Finance Director Steps Down

Tile manufacturer, Turnall Holdings, has announced the stepping down of Finance Director Samson Mavende. Mavende who has been with the organization for 4 years is set to step down at the end of the month (April 2021). Mavende joined Turnall as Finance Director in the midst of a restructuring process. Turnall had sacked most of its key executives including the CE John Jere after accusing them of e...

Markets ● 3 months ago
Covid-19 Further Delays TRUWzw HY-20 Result Release

ZSE-listed international retailer Truworths was recently granted an extended grace period for their HY-20 result publication. This follows periodic operational disruptions in the company's 2020 Q1 and Q2, a period characterised by Staff adjustments to remote working Partial and in some cases complete halt in trading of their stores as well as Reduced trading hours when stores were permitted t...

Markets ● 2 months ago
Price remodel supports Turnall FY-20 operations

In the 12-month period ended December 2020, the construction industry specialist faced operational challenges on both domestic and international markets, dampening year-end reported volumes and Group earnings. Calendar months of trading were unexpectedly deducted due to nation-wide Covid-19 lockdowns.   On the domestic front, revision of central bank policies on multi-currency pricing led to...