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Zimbabwe Stock Exchange performance update for week ending Friday 29th July 2016

00 Zimbabwe Stock Exchange performance update for week ending Friday 29th July 2016 Indices Index Close Open Points % High Low YTD YOY Industrial Index (INDUST.zw) 98.84 98.88 (0.04) (0.04) 99.64 98.84 (13.93) (32.12) Minings Index (MININGS.zw) 25.72 26.30 (0.58) (2.21) 26.30 25.72 +8.43 (37.17) Top Weekly Traders Company Close Open % Value USD High…

ZSE Daily Price Sheet – 29 July 2016

00 Here is the latest news, investor relations documents and a summary recap of the previous days trading from listed companies in Zimbabwe.  Brought to you by Financial Express. Reports & Presentations Indices Traders Gainers Losers Calendar Reports & Presentations Food starafricacorporation Limited FY2016 Results Indices – Friday 29th July 2016 Index Close Open Points…

European shares fall led by financials, disappointing results

00LONDON/MILAN European shares fell on Thursday with Lloyds leading a weaker financial sector lower and disappointing earning updates from firms including oil major Royal Dutch Shell also weighing. The pan-European STOXX 600 index fell 0.9 percent, while the FTSEurofirst 300 index slid 1 percent. Lloyds fell 5.8 percent after the British bank warned of a…

Mangudya seeks support on bond notes

00HARARE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday urged citizens and industry to come up with an independent body to monitor the bond notes if they were sceptical of government motives. Mangudya implored businesses and general populace to accept bond notes. Mangudya said the payment of the 5% bonus to exporters was necessary…

Import restrictions in Zim have no effect on Common Market: Comesa

00HARARE Common Market for Eastern and Southern Africa Competition Commission chief executive George Lipimile said recently introduced import restrictions in Zimbabwe under Statutory Instrument 64 of 2016 have no effect on the common market. Government recently introduced import controls on selected products including Nestle’s cremora, maheu and baked beans on a bid to provide space for…

Cash transactions decline massively

00HARARE Cash withdrawals from Automated Teller Machines (ATMs) dramatically plunged to US$41 000 in June from US$5,7 million in April, while point of sale (POS) transactions shot up by 92% as the country continues to experience its worst liquidity crisis since the adoption of the multiple currencies in 2009, statistics from the Bankers Association of…

Zim, Sino-Hydro sign $600m deal

00HARARE Government and Sino-Hydro of China yesterday signed a $600 million agreement for the construction of Kunzvi-Musami Dam, while NetOne clinched a deal with Huawei Technologies Co Ltd for it to overhaul its systems. Secretary for Water and Climate Prince Mupazviriho signed the agreement with Sino-Hydro. The NetOne deal, which sources said was worth hundreds…

Zim focuses on arrears clearance

00HARARE Zimbabwe is racing to clean its balance sheet ahead of the international financial institutions’ board meetings expected in October for the country to be considered for fresh capital. At the October 26 meetings, the boards of the African Development Bank, the World Bank and the International Monetary Fund are expected to consider Zimbabwe for a…

Raw milk production up 15% in first half

00HARARE Zimbabwe’s raw milk production for the six months to June 2016 increased by 15.35% to 31.9 mln litres from 27.6 mln litres same period last year largely on increased production from small scale dairy farmers. According to latest figures from the Dairy Services Department in the Ministry of Agriculture Mechanisation and Irrigation Development, monthly…

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