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ZSE awaiting gazetting of debt market rules as IPF rises to $6.4 mln in F16

00ZSE awaiting gazetting of debt market rules as IPF rises to $6.4 mln in F16 HARARE – The Securities and Exchange Commission of Zimbabwe says the Investor Protection Fund grew 19.6% in 2016 to $6.4 million from $5.5 million in the previous year driven largely by the equities portfolio, which rallied in the fourth quarter….

Of the ZSE and poor succession planning in corporates

00Of the ZSE and poor succession planning in corporates HARARE – There is no doubt that the current economic environment is challenging. However what separates good performing firms from those that are sinking is the way management responds to the environment. It therefore shows that the importance of leadership cannot be over emphasized. The management…

How minority shareholders lose value

00How minority shareholders lose value Minority shareholders face various challenges as investors in companies. Naturally, by being smaller shareholders, their vote will not be loud enough to influence the decisions of the company. This has, in some cases, resulted in their rights being compromised by bigger shareholders who can bulldoze ideas, to their detriment, because…

Zim closes December stuck in negative inflation at -0.93%

00Zim  closes December stuck in negative inflation at -0.93% Zimstat / FinX HARARE – Zimbabwe’s annual inflation rate for the month of December 2016, as measured by the all items consumer price index gained by 0.16 percent to -0.93 percent, from November’s rate of -1.09 percent. “This means that prices as measured by the all…

Gold deliveries to FPR at 21.4t as small scale sector contribution increases

00Gold deliveries to FPR at 21.4t as small scale sector contribution increases HARARE – Gold deliveries to Fidelity Printers and Refiners closed 2016 at 21.43 tonnes, an increase of nearly 16% from 18.5t in 2015, mainly spurred by a growth in the contribution of small scale miners. Stats from FPR show that the gap between…

NSSA ups NicozDiamond stake to +40% putting an end to the Zimre of old

00NSSA ups NicozDiamond stake to +40% putting an end to the Zimre of old HARARE –The National Social Security Authority has increased its shareholding in NicozDiamond to above 40% in a move that many analysts say pushes towards the end of the once-mighty Zimre Holdings group. NSSA took its shareholding to around 43% from 28.15%…

Chengetedzai engaging potential issuers over ZSE’s debt securities market

00Chengetedzai engaging potential issuers over ZSE’s debt securities market HARARE – Chengetedzai Depository Company says it has started engaging potential issuers regarding on-boarding of eligible over-the-Counter (OTC) securities for the Zimbabwe Stock Exchange (ZSE) Debt securities market. However, the ZSE Debt Market Rules which will govern the market are yet to be gazetted by the…

October inflation rises to -0.95% as prices of basic goods start creeping up

00October inflation rises to -0.95% as prices of basic goods start creeping up HARARE – Zimbabwe’s annual inflation for October gained 0.37 percentage points to close the month at -0.95% from -1.33 % in September. Latest figures from the Zimbabwe National Statistics Agency show that the gains were pushed by an increase in prices of…

ZSE Daily Price Sheet – 09 September 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. Indices Traders Gainers Losers Indices – Friday 9th September 2016 Index Close Open Points % YTD% YOY% YOY High YOY Low Industrial Index (INDUST.zw) 98.90 98.47…

ZSE Daily Price Sheet – 08 September 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. Indices Traders Gainers Losers Calendar Indices – Thursday 8th September 2016 Index Close Open Points % YTD% YOY% YOY High YOY Low Minings Index (MININGS.zw) 26.32…

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