Markets

Fortunate Gora MASHONALAND WEST - Maize traders who tamper with their scales to dupe farmers risk being arrested and should desist from the unscrupulous act, a Government official has said. Briefing Tourism and Hospitality Industry Minister Priscilla Mupfumira at the Mashonaland West Agricultural Show in Chinhoyi during the weekend, Trade Measures...

Tawanda Musarurwa HARARE - With global trends showing that cigarette consumption is set to increase, largely in medium and low income countries, Zimbabwe’s largest cigarette manufacturer could benefit from this expected outturn according to analysts. The country’s cigarette market is estimated at 1, 845 billion sticks per year, which implies consumption...

Enacy Mapakame HARARE - Agriculture implements group, Zimplow holdings Limited are considering a shareholder approval for a share buy back as it seeks to enhance strong returns for its shareholders. The share buyback scheme should enhance shareholder welfare, help in reduction in cost of capital, enhance earnings per share and the...

Enacy Mapakame HARARE - Revenue for the country’s postal and courier services plunged 28 percent to $9,1 in the first quarter of 2018 compared to $12,7 million achieved in the previous quarter on depressed business. Regulator, Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) attributed the fall in revenue to decline...

Enacy Mapakame ZIMBABWE Stock Exchange listed nickel mining firm, Bindura Nickel Corporation (BNC's) smelter restart project has stagnated at 83 percent completion due to funding constraints. The nickel miner indicated that progress on the project was put on hold during the year due to capital constraints. “The delay in completing the project...

HARARE – The local bourse’s All Share index opened the week lower at 105.05 after losing 0.22 points as Hippo Valley led the losers with a $0, 2300 loss to close at $1, 4000, while cement producer PPC shed $0, 0499 to end at $1, 5500 and Old Mutual...

HARARE – The ZSE’s All Share index opened the week on a higher note after adding 0.63 points to close at 103.87 as Old Mutual traded $0, 1893 higher at $7, 0085, while SeedCo added $0, 1015 to trade at $2, 1499 and Padenga increased by $0, 0400 to...

HARARE – The Zimbabwe Stock Exchange’s All Share Index was marginally up by 0.01 points (or 0, 01 percent) to close at 91.37 as giant insurer Old Mutual shifted up by $0, 0908 to close at $5, 2000, while cement producer PPC rose by $0, 0500 to end at...

Art managed to recover to its January 1 level on Friday (only to lose it again on Wednesday), meaning there was only one counter in the minus on a year-to-date RTG. The prospects don’t look good either following NSSA’s purchase of FML’s stake at the beginning of October. Certainly this...

Golden Sibanda Zimbabwe will proceed with plans to levy 15 percent on raw platinum exports starting next year, if producers fail to comply with Government policy and directive for miners to build beneficiation facilities. Mines and Mining Development Minister Walter Chidhakwa said in an interview Government had no plans to...