Friday, December 14, 2018
Jeffrey Gogo Cryptocurrencies fell sharply during the first three months of this year, as regulators in major world economies clamped down on virtual money. In 2017, prices surged phenomenally, as much as 30 000 percent in some instances, amid a worldwide explosion of interest and investment in digital coins. The total market...
Tsl has disposed of its 16 percent stake in Nampak to Old Mutual Asset Management in a transaction worth close to $15 million. The disposal of 124,9 million shares went through at 12 cents on the Zimbabwe Stock Exchange today. The stake was valued at $10 million in 2017, up...
HARARE - The Zimbabwe Stock Exchange’s All Share index went up by 0.17 points to settle at 87.17 There was a large transaction on Nampak Zimbabwe while beverages giant Delta gained $0, 0125 to close at $1, 6000 and Old Mutual was up by $0, 0096 to close at $5,...
Zimbabwe’s total trade for the month of February 2018, stood at $922 million, 29 percent higher than the $715 million recorded in February 2017. At $347 million, exports receipts recorded in February 2018 were 16 percent more than the $290 million achieved in the same month in 2017. Major export products...
Jeffrey Gogo Zimbabwe’s biggest crypto-currency exchange Golix.com will now process cash withdrawals to EcoCash accounts within an hour, in changes that in the short term should see more efficiency when transacting. Golix, which accounts for over 70 percent of Bitcoin trading in the country, has often faced criticism over delays in...
Mamvura’s Market Minute What would an earnings season be without five companies holding briefings on the same day? Fortunately, for the first time in a while, those corporates reporting on Wednesday tried as best as possible to space out their results. Two banks were due to post year end results, one of...
The rand was in a sweet spot on Monday morning, after SA successfully defended its investment grade status. Not only did Moody’s Investors Service preserve the country’s investment grade status, the ratings agency also upgraded the outlook on SA from negative to stable. "The challenge to SA now is to wisely...
HARARE – The local equities market’s All-Share index gained 0.28 points to settle at 86.50 as CAFCA added $0, 0800 to trade at $0, 4800, while beverages giant Delta put on $0, 0200 to $1, 5800 while Old Mutual went up by $0, 0158 to end at $5, 4658. Cement...
HARARE – On a week-on-week basis the Zimbabwe Stock Exchange’s All Share Index declined by 0.05 points (or 0, 06 percent), while the Industrial Index shed 0.29 points. After today’s trades, the All Share index closed the week on a high note gaining 0.04 points to close at 86.20 as...
HARARE – The Zimbabwe Stock Exchange’s All Share index was slightly higher at 86.22 after gaining 0.02 points. Three counters gained ground as PPC added $0, 0100 to close at $0, 9500, while telecoms giant Econet gained $0, 0010 to settle at 0, 6780 and CBZ inched up by $0,...