Markets

World

Gold Price Drops as Stable US$ Dulls Appeal, Zim to Leverage Gold Reserves for Growth

The price of gold dropped below US$2,330 per ounce today attributed to a stable US dollar, which made gold less attractive to international buyers as investors were eagerly awaiting the Federal Reserv

Apr 29, 2024
Zimbabwe
Corporate Action Summary

The Board of Directors of First Capital Bank declared a final dividend of US$ 0.22 cents per share for the period ended 31 December 2023. The dividend will be paid on or about the 10th of May, 2024, t

 Apr 22, 2024
Zimbabwe
ZiG Currency Conundrum: Government Cracks Down with Iron Fist to Tackle Black Market

Zimbabwe's newly introduced currency, the Zimbabwe Gold (ZiG), has experienced appreciation on the formal market on April 18, 2024, maintaining a consistent streak of appreciation. Since its introduct

 Apr 18, 2024
Zimbabwe
Corporate Action Summary

General Beltings Holdings Limited announced that it sought and was granted by the Zimbabwe Stock Exchange (ZSE) the authority to delay the publication of its Audited Financial Results for the year end

 Apr 15, 2024
Zimbabwe
Corporate Action Summary

The Zimbabwe Stock Exchange (ZSE) Limited Depository announced a change in functional currency on the ZSE, which will be implemented effective 08 April 2024 in light of the new structured currency (Zi

 Apr 08, 2024
Zimbabwe
Corporate Action Summary

Fidelity announced that, after being deliberations with the Zimbabwe Stock Exchange (ZSE), the Financial Statements for the year ended 31 December 2023 will be published on or before the 30th of April

 Apr 02, 2024
Zimbabwe
Corporate Action Summary

The Zimbabwe Stock Exchange (ZSE) announced the trade halt of Truworths Limited shares on the bourse effective 07 March 2024 after the Company applied for voluntary suspension of its securities from t

 Mar 11, 2024
Truworths Succumbs to Informal Traders, Seeks Recapitalization

Truworths Zimbabwe Limited published the set of financial results for its full-year ended 09 July 2023 almost 8-months later on the 1st of March 2024. The results reflected a sharp decline in volumes

Mar 06, 2024
Corporate Action Summary

Bridgefort Capital Limited issued a Cautionary Statement on the 1st of March 2024, announcing that the company is in the later stages of concluding the acquisition of Diaspora Kapita (Proprietary) Lim

Mar 04, 2024
BNC in Historic Zero Production Record

The question which keeps on banging in investors’ ears and the rest of shareholders is when will BNC revert to its previous years of production triumph. The production loss endured by the company list

Feb 28, 2024
Corporate Action Summary

TN Asset Management (Pvt) Ltd as the Portfolio Manager, along with the trustees of the Morgan & Co Multi-Sector (MCMS) ETF, declared a dividend of 0.0437 US$ cents per unit payable in respect of the q

Feb 26, 2024

Prices Up - Volumes Down, OK Zim Sails in Murky Waters

In a Trading Update for the third quarter ended 31 December 2023, OK Zimbabwe Limited alluded that its overall trading volumes dwindled by a staggering -28% against corresponding period in the prior y

Feb 20, 2024

ART's Quarterly Volumes Decline Again, Faces an Unstable Outlook

Amalgamated Regional Trading Holdings Limited (ART), recorded an overall volumes slump of 9% due to worsening economic headwinds which impacted raw material availability, higher operating costs and li

Feb 19, 2024

Corporate Action Summary

Tanganda Tea Company announced that it will hold its 94th Annual General Meeting (AGM) at 0900 Hours on Thursday, 7 March 2024, at the Country Club, 1 Brompton Close, Newlands, Harare. The Company als

Feb 19, 2024

Corporate Action Summary

Amalgamated Regional Trading (ART) Holdings Limited will hold its 22nd Annual General Meeting of shareholders virtually on Thursday, 07 March 2024 at 1430 Hours.

Feb 12, 2024

CAFCA Volumes Up, Leverages on Currency Market

CAFCA Limited achieved a 3% growth in conductor tonnes sold from 559 tonnes in the corresponding period last year to 573 tonnes in the first quarter of its 2024 financial year, according to a Trading

Feb 09, 2024

VFEX to Gain a Clothing Retailer as Edgars Contemplates Migration

Zimbabwe Stock Exchange (ZSE) listed clothing retailer, Edgars Stores Limited, announced through its new secretary that it is considering migrating to Victoria Falls Stock Exchange (VFEX), pending app

Feb 08, 2024

Zimbabwe's Inflation Surges to 6.6% in January 2024, Consumer Prices Continue to Rise

Zimbabwe's Consumer Price Index (CPI) soared to 120.67 in January 2024, representing a month-on-month inflation rate of 6.6%. This indicates a significant increase from the December 2023 rate of 4.7%.

Jan 29, 2024

Corporate Action Summary

Ariston announced that it will be holding its 77th Annual General Meeting (AGM) in the Centenary Room, Royal Harare Golf Club, 5th Street Extension, Harare, Zimbabwe, on the 22nd of February, 2024, at

Jan 29, 2024