Asset manager Imara merges with Kura Capital
BULAWAYO, September 27 (The Source)- Regional asset manager Imara Holdings has merged with Mauritius-registered fund, Kura Capital Limited in a deal that will see the creation of a pan-African fund...
View ArticlePG Industries investor Dewei to pay scheme members
HARARE, October 3, (The Source) – The proposed investor for PG Industries, Dewei Investments says it has received regulatory approvals and will proceed to pay off the building materials manufacturer’s...
View ArticleNSSA going ahead with $18mln investment to revive CSC
HARARE, October 4 (The Source) – The National Social Security Authority (NSSA) says its plans to invest in the Cold Storage Commission (CSC) will not be affected by the meat processors legacy debts...
View ArticleHeavyweights buoy ZSE
HARARE, October 4 (The Source) – The Zimbabwe Stock Exchange on Wednesday advanced 1,27 percent to 432,96 points while the mining index gained 0,82 percent to 140,71 points on heavyweights. Market...
View ArticleDelta buys Zambia’s National Breweries
HARARE, October 13 (The Source) – Listed beverages manufacturer Delta Corporation, (Delta), says it is set to acquire a controlling stake in Lusaka Stock Exchange-listed sorghum beer company, National...
View ArticleZSE cools down after week of losses
HARARE, October 29 (The Source) – Profit-taking in selected counters saw the Zimbabwe Stock Exchange’s main industrial index lost 0,66 percent to close the week on 514,3 points, on losses in selected...
View ArticleZim stocks extend gains
HARARE, November 5 (The Source) – The Zimbabwe Stock Exchange (ZSE) industrial index gained 2.2 percent to 525,63 points after a recovery in some heavyweight counters.The mining index also gained 2,37...
View ArticlePPC reject Fairfax deal
HARARE, November 23 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) has turned down Fairfax Africa Investments’ partial offer, saying was not ‘fair and reasonable.’ PPC had...
View ArticleOld Mutual share price falls 20pct
HARARE, November 23 (The Source) – The Old Mutual shares, which are trading at a premium in Zimbabwe relative to their primary listing on London Stock Exchange, lost 19,9 percent on Thursday to close...
View ArticleGains in heavyweights push ZSE higher
HARARE, November 29 (The Source) – The Zimbabwe Stock Exchange mainstream index added 5,44 percent to close at 371,09 points on Wednesday, attributable to gains by some heavyweights. The mining index...
View ArticleZSE edges higher on renewed confidence
HARARE, November 30 (The Source) – The Zimbabwe Stock Exchange advanced 1,51 percent on Thursday to close at 376,69 points while the mining index added 0,12 percent to settle at 126,86 points. The...
View ArticleZimbabwe stock market falls by a third in hectic November
HARARE, December 4 (The Source) – The Zimbabwe Stock Exchange’s main industrial index dropped 27,82 percent in November to 376,69 points following a politically induced self correction phase, but...
View ArticleAlternative market Finsec comes alive
HARARE, December 4 (The Source) – Zimbabwe’s alternative trading platform, Financial Securities Exchange (Finsec) recorded a total turnover of $1,2 million in November, the highest since its inception,...
View ArticleFML set to acquire NicozDiamond after regulatory nod
HARARE, December 6 (The Source) – First Mutual Holdings (FML) is set to acquire Zimbabwe’s largest short term insurer, NicozDiamond, after getting regulatory approval, the company said on Wednesday....
View ArticleZSE sheds 10pct as market stabilises
HARARE, December 10 (The Source) – The Zimbabwe Stock Exchange mainstream index shed 10,16 percent to close the week on 335,97 points, on losses in selected heavyweight counters as punters see...
View ArticleGovt owes NSSA $3,5mln
HARARE, February 26 (The Source) – The National Social Security Authority (NSSA) says that government is the biggest debtor, owing the institution more than $3,5 million. Other debtors include the now...
View ArticlePG Industries investor Dewei to pay scheme members
HARARE, October 3, (The Source) – The proposed investor for PG Industries, Dewei Investments says it has received regulatory approvals and will proceed to pay off the building materials manufacturer’s...
View ArticleNSSA going ahead with $18mln investment to revive CSC
HARARE, October 4 (The Source) – The National Social Security Authority (NSSA) says its plans to invest in the Cold Storage Commission (CSC) will not be affected by the meat processors legacy debts...
View ArticleHeavyweights buoy ZSE
HARARE, October 4 (The Source) – The Zimbabwe Stock Exchange on Wednesday advanced 1,27 percent to 432,96 points while the mining index gained 0,82 percent to 140,71 points on heavyweights. Market...
View ArticlePPC reject Fairfax deal
HARARE, November 23 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) has turned down Fairfax Africa Investments’ partial offer, saying was not ‘fair and reasonable.’ PPC had...
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