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Externalisation probe begins

00HARARE Finance and Economic Development Minister Patrick Chinamasa has said government has started investigations to identify individuals and companies involved in externalising foreign currency from Zimbabwe and in turn fuelling the current cash crisis. Zimbabwe is battling an acute cash shortage attributed to several factors chiefly externalisation and low exports. The country’s monetary authorities have…

Econet Rights Issue – Addressing some ‘controversies’

00Econet Rights Issue – Addressing some ‘controversies’ By Alex Gonese  HARARE – Econet Wireless Zimbabwe Limited (“Econet”) shareholders approved a $130million rights issue at an Extraordinary General Meeting held on the 3rd of February 2017. The rights issue will be underwritten by Econet’s controlling shareholder Econet Wireless Global (“EWG”). The build up to the EGM had…

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…

teward’s e-banking grows 30% monthly as country stock of POS machines rise to 14401

00Steward’s e-banking grows 30% monthly as country stock of POS machines rise to 14401 HARARE, Econet Wireless’ banking unit Steward Bank says electronic banking transactions are growing 30% month on month supported mainly by over 10 000 POS machines in the market and the group’s products such as Ecocash. This comes as latest data from…

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…

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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