Tuesday, October 23, 2018
Kudzanai Sharara The Zimbabwe Stock Exchange seems to be the only African stock market where bears have set in, with the bulk of the other equity markets currently trading in the positive territory. Last year most African stock markets recorded strong gains with the ZSE leading after closing the year 2017...
Johannesburg. — The rand slipped slightly yesterday morning, a day after the budget, which may have bought SA enough time to dodge another credit-rating downgrade bullet. Markets cheered in the in immediate aftermath of the budget, which Finance Minister Malusi Gigaba tabled in Parliament on Wednesday. As predicted, Gigaba announced deep...
Jeffrey Gogo Much has been said about the mining of crypto currencies and how the process guzzles electricity. Could crypto-mining pose a threat to the electricity dynamics in Zimbabwe in the future? Mining is a process that creates new digital coins by solving complex mathematical problems using very powerful computers, day...
Mamvura’s Market Minute Are there any early conclusions to draw from the results that we have seen to date? Afdis kept up with tradition publishing first, second up was ZB — certainly a surprise and probably reporting at the earliest point ever in its recent history — while Zimplow, which...
HARARE – The ZSE’s All Share index rebounded 0.28 points to settle at 88.72 as four counters gained ground. SeedCo led the risers, adding $0, 0486 to close at $1, 9486, while conglomerate Innscor put on $0, 0130 to $0, 9130 while telecoms giant was $0, 0100 stronger at...
Tawanda Musarurwa The move by the Securities and Exchange Commission (SECZ) to broaden the capital markets by introducing a mobile share trading platform should come into fruition in the second quarter. SECZ chief executive officer Tafadzwa Chinamo told Business Weekly that the mobile, online trading platform project is in its final...
Jeffrey Gogo Investors know that there is a latent degree of risk with every investment. But nowhere else could such risk arguably be more concentrated than in the cryptocurrency markets. That’s in part because digital currencies are an innovation and largely because cryptocurrencies are highly volatile. Prices can change several times...
Mamvura’s Market Minute The announcement that Rwandair is to use its fifth freedom rights to introduce a direct flight to Cape Town will be welcomed by anyone who regularly flies this route. At its peak when flyafrica were also on the Johannesburg route, there were 11 flights a day to ORT,...
HARARE - The local bourse’s All Share index shed 0.77 points (or 0, 86 percent) to end at 88.76 as five counters lost ground. NatFoods went down by a significant $0, 5998 to trade at $5, 4002, while BAT went down by $0, 1500 to close at $24, 2000 as...
HARARE – The Zimbabwe Stock Exchange’s All Share index was marginally up by 0.03 points to settle at 89.53 as Innscor put on $0, 0226 to close at $0, 8767, while giant retailer OK Zimbabwe was up by $0, 0050 to $0, 1650 while telecoms giant Econet rose by...