7.5 C
Harare
Sunday, July 5, 2020
Indices slump in Thursday sessionInvestors are opting for liquidityTruworths led the fallers of the day after letting go 19.78% It was a bloodbath in Thursday’s session as all indices closed in the red. The mainstream All Share Index dropped 2.80% to 466.94pts while the Industrials slumped...
Daily limit revised to a floor of ZW$20, 000Monthly ZIPIT transaction value curbed at ZW$100, 000The unfolding scenario is a replay of yesteryear casino economics Harare – In a battle to curb parallel exchange market activities which has seen the black market exchange...
Assumes office on 17 March 2020Peter de Beyer served as Non-Executive Director since 2018 Harare - Old Mutual Limited has appointed Peter de Beyer who has served as Non-Executive Independent Director since 2018 as Lead Independent Director effective 17 March 2020. Peter...
Distribution Group Africa revenue up by 16%Devaluation of local currencies negatively affecting net assets Listed Axia Corporation reported an improved regional performance in the six months period to 31 December 2019 compared to the same period last year. The Distribution Group Africa registered...
Rand Refinery fails to secure commercial flights to UKRand Refinery suspends shipmentsGold contributed 37% to Zim’s 2019 forex receipts Zimbabwe’s gold exports have come under threat after South Africa’s Rand Refinery suspended its gold exports to the UK upon failing to secure commercial flights to ship...
Earlier this week, the Central bank reintroduced the interbank foreign currency trading platform but with modifications. When the interbank was first introduced in February of 2019, it marked Zimbabwe’s shift from a fixed exchange system of 1:1 between the USD and RTGS (local currency) balances. Essentially,...
Kits allocated to Office of President and Cabinet, PSMI, Sally Mugabe Central and Mpilo HospitalsFBC has always been instrumental in funding various programs aimed at improving the livelihoods of Zimbabweans Harare - FBC Holdings has donated ten thousand coronavirus test kits in the...
OMIR implied rate increased due to sharper JSE losses ZSE losses were deep but cut short The OMIR is expected to remain adverse in Zim’s disfavour The adverse movement in Old Mutual’s shares on the JSE...
Harare – Standard Chartered Bank Zimbabwe is in the process of merging branches and transferring of customer accounts starting October 2019 in line with restructuring exercise towards digital banking. Indications across the wider banking industry have shown that Banks are rolling out aggressive investments towards upgrading their digital platforms as...
Tobacco handling volumes were 42%Distribution unit recorded 59% growthGeneral cargo volumes declined by 16% Harare- TSL’s logistics operations saw growth in volumes in the first quarter ended 31 January 2020. In a trading update for the review under review, the...