THE Zimbabwe Stock Exchange’s (ZSE) market capitalisation grew by $810 billion to $2,26 trillion in February as demand for stocks persisted. Over the past few years, the local bourse has rallied on high inflation, which rose to 66,1 percent in February from 60,61 percent in January. The ZSE benchmark All Share Index was up by…
ZIMBABWE’s telecommunications regulator says it is ready to unveil new spectrum for fifth generation (5G) services in the country to allow consumers to enjoy the benefits of high-speed internet. This was after Econet Wireless Zimbabwe (Econet) last week became the first company in the country to offer 5G services in partnership with global technology infrastructure…
CBZ Asset Management’s (CBZ) Exchange Traded Fund (ETF), which is expected to be launched today, will simplify local investors’ access to defensive stocks, analysts say. It comes as the retail investor community, which has limited ability to build sophisticated stock portfolios, has been growing on the back of the success of mobile trading platforms ZSE…
CALEDONIA Mining Corporation (Caledonia) says it has entered into a zero cost contract to hedge approximately 25 percent of this year’s target gold production at Blanket Mine to support its capital expenditure during H1. In a statement, the gold miner said this would be done via a cap and collar hedging contract for 20 000…
THE Securities and Exchange Commission of Zimbabwe (SecZim) has made changes to Zimbabwe Stock Exchange (ZSE) listing rules that would pave way for the introduction of real estate investment trusts (REITs). This comes as the local bourse has been striving to bring REITs on board to diversify its product portfolio and provide liquidity to the…
GOVERNMENT has raised board fees and sitting allowances for non-executive directors of public entities to align the payments with rising inflation figures. In a post-Cabinet briefing this week, Information minister Monica Mutsvangwa said the meeting approved a review, which was presented by Vice President and Health minister Constantino Chiwenga, who is also the chairman of…
THE Zimbabwe Anti-Corruption Commission (Zacc) says it has begun a process to establish integrity committees in state entities to prevent fraud and to help rebuild public confidence. This comes after the commission recently rapped the public sector’s continued low compliance with the Auditor General (AG)’s recommendations. Integrity committees are tasked with taking steps to prevent…
FORMER Confederation of Zimbabwe Industries (CZI) president, Busisa Moyo says the high cost of doing business in the country remains a threat to the business operating environment, amid concerns over the sustainability of consumer demand due to income erosion. Presenting the manufacturing sector’s 2022 outlook last week, Moyo said in the past year, 82…
OK ZIMBABWE (OK) says it expects consumer spending in the country to go up in 2022 following recent civil service remuneration adjustments. After giving civil servants bonuses in US$ at the end of 2021, the government recently adjusted salaries by 20 percent on top of another US$100 per month and other benefits. While some sections…
ZIMBABWEANS from a wide cross-section of society have welcomed the launch of history-making, independent television station 3Ktv, which goes live at 6am tomorrow.
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