15.3 C
Harare
Friday, July 30, 2021
*Performance Charts incl (ZSE indices, ZSE Value Traded, Interbank) The ZSE market reversed prior session losses as it struggles to find direction. The All Share Index surged 1.95% to close at 1505.15points on the back of rising market heavies. Small caps performed inversely to...
Zimbabwe’s smart phone penetration is at low 52%Increased access to data services is necessary to support online education, health and business digitalisation initiativesEconet service approximately 60% of all the mobile customers in Zimbabwe Harare – Zimbabwe’s leading Telecommunications Group, Econet Wireless Zimbabwe Limited...
*Performance Charts incl (ZSE indices, ZSE Value Traded, Interbank) The local bourse opened the new week and month in losses albeit mild. The ZSE lost -0.03% to settle at 1476.41 stretching the  losing streak to 2 straight sessions. Despite choppy trading, the ZSE maintains...
*Performance Charts incl (ZSE indices, ZSE Value Traded, Interbank) The stock market partially reversed a 3 day losing streak on rising by 1.39% on Thursday. The bourse has largely traded sideways over the last 4 weeks as the Zimdollar stabilise against the USD. This...
FDI to Sub-Saharan Africa decreased to US$12bnGlobal FDI flows fell by 49%In the first half of 2020, Zimbabwe received a paltry US$71mFDI flows to Africa are forecast to contract between 25% and 40% in FY2020 Harare - Foreign Direct Investment (FDI) inflows to...
Forex shortages leading to slow discharge of foreign currency denominated liabilitiesZSE trade suspension shook investor confidenceHyperinflation and COVID 19 worsening the situation Harare – Listed diversified insurance holding company, ZimRe Holdings Limited has lamented the shortages of foreign currency experienced in the country...
HY2020 sales down 87%Defers dividend payment due to COVID-19 related uncertaintiesOfficial opening ceremony of Sawanga Shopping Mall in Victoria Falls set for Q4 Harare – Listed property concern, Zimre Property Investments (ZPI) said projects income significantly declined during the half year ended 30...
2021 GDP growth expected to grow by 7.4% from -4.5% in 2020This rebound would be supported by consumption and investment improvementsIndependent estimates including Equity Axis forecast a GDP loss of between -10% and -15% for 2020 Harare – Zimbabwe’s economy is expected to...
• Amendment of Mines and Minerals Act to be prioritised• Reopening of closed and new mines critical• Sector is projected to grow by 7.7% in 2021 Harare - As the country is working towards a US$12 billion mining industry by 2023, government said...
17 stockbrokers approved for VFEX tradingVFEX commences branding with a new logoTrading set to resume before end of October Harare – The Victoria Falls Stock Exchange (VFEX) has released a list of approved market participants ahead of the bourse’s official opening.