Share buyback wave hits Zimbabwean equities

Investment analyst Kudakwashe Taimo

ZIMBABWEAN listed companies are increas­ingly pursuing share buybacks, reflecting confi­dence in underlying business fundamentals and an undervalued market. This month alone, gold producer Padenga Holdings, property developer Mashonaland Holdings and diver­sified group TSL are all set to table proposals at their respective annual general meetings for authorisation of share buybacks of up to 10 percent…

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