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Sunday, January 24, 2021
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Markets Analysis

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In a recent interview with a local radio broadcaster, Minister Ncube maintains that 2020 GDP will grow by 3%In a recent interview with a local radio broadcaster, Minister Ncube maintains that 2020 GDP will grow by 3%In his 2020 National Budget, Minister Ncube says economic growth will be anchored on...
Local investors dominate 94% of CSD accounts ZSE Equity Market Capitalisation increased by 43.9%Dematerialisation securities accounted for 47.6% of the ZSE Equities Harare - Total number of accounts on the Chengetedzai Depository Company (CDC) closed the month of January 2020 at 28 457 after 140 new...
African markets bulge on coronavirusZim exports to decline on COVID#19 Industry capacity utilization to narrow below 20%Jack Ma donates to Africa, Zim Zimbabwe’s Defence Minister Hon Orpah Muchinguri dishonourably made regional and international headlines for scoffing at the health and economic impact of...
Last week the ruling party ZANU PF recommended the ejection of Old Mutual Limited from the Zimbabwe Stock Exchange while subsequently the government is moving to delist the counter together with other dual listings and to another yet to be established stock market. This recommendation comes...
Gold deliveries between Jan-Sep 2020 down 41% compared to prior yearInefficient pricing models promoting side marketingThe country looks set to achieve less than 27.66 tonnes delivered in 2019Govt is targeting 100 tonnes of gold per year by 2023 Harare – Gold deliveries to...
The Zimbabwe dollar traded at 1:8,56 in latest auction tradingFrom the totals allocated, US$7.6 million was allotted towards raw materials on the main auction whilst US$235 721 was allotted towards the same on the SME auction●       “The Foreign Exchange Auction System shall continuously be fine-tuned in order...
Zimplow will acquire 100% ownership of the Target Companies and the Target PropertyScanlink (Pvt) Limited is the sole distributor of Scania products in ZimbabweShareholders of the Target Companies and EPP will receive a total of 106,199,706 Zimplow ordinary shares Harare – Farming equipment...
Decline in sales attributed to the impact of erosion of disposable incomesBoard of Directors are currently engaging the Judicial Manager on ensuring that Victoria Foods exits the judicial management before the financial year ending 30 September 2020The Group said that it will focus on ensuring consistent raw material supply pipelines are...
Mobile subscriptions declined to 12.9mInternet penetration rate declined by 2.4%The decline is attributable to the depressed demand in the economy Harare – As the country continues to reel from hyperinflation with the world’s second highest annual inflation rate after Venezuela, the total number...
Foreign sells increased to $104 millionForeign purchases came off at $50 million Foreign participation on the Zimbabwe Stock Exchange continues to plummet in February as investors continue losing hope owing to the weak economic fundamentals prevalent in the country. Foreign investor participation remains...