OK ZIMBABWE (OK) says it plans to acquire a complementary business as part of its mooted reorganisation. The retail giant also recently announced plans to wean off some of its business units into separate entities. “The company is engaged in negotiations for a potential transaction involving the acquisition of a complementary business which , if…
THE Victoria Falls Stock Exchange (VFEX) says it is aiming to increase retail investor participation with its recently launched online trading platform. Retail investors are non-professional market participants, who generally invest smaller amounts than larger institutional investors, who have historically dominated the local capital market. Since the launch of the US dollar-denominated market in 2020,…
https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-284425.mp3?cb=1732294713.mp3The introduction of gold coins attracted the attention of consumers, business people, and investors. Featuring high in the discussion is whether these can curb inflation that seems to be spiralling out of control or are a form of investment but still some people are not sure what they represent and have no confidence in them.…
THE five Exchange Traded Funds (ETFs) on the Zimbabwe Stock Exchange (ZSE) have all maintained positive returns despite the bourse recording losses for four consecutive months. ETFs follow the performance of a certain security or group of securities, providing the advantages of diversified investment portfolios with lower barriers of entry. The ZSE’s losing streak extended…
BUSINESS has reaffirmed its support for the ongoing efforts by the government to address the country’s economic challenges, while urging authorities to continue doing so without denting investor confidence. Speaking to The Financial Gazette this week, captains of industry and commerce said while some key economic metrics were already pointing “in the right direction”, many…
THE recently launched US$30 million horticulture revolving fund has seen renewed optimism in a sector that holds a lot of promise, but has been battling inclusivity issues and is in need of new markets. The government has identified horticulture as a key agriculture sub-sector, with substantial potential for successful production across all agro-ecological regions. The…
WITH the African Continental Free Trade Area (AfCFTA) going into full swing, Zimbabwe is taking initial steps towards accessing new markets on the continent. According to ZimTrade, Zimbabwe had set its sights on Senegal, having recently conducted a market scan in the west African country. The AfCFTA, launched in January last year, is the largest…
THE insurance and pensions industry has of late had a number of compliance issues, ranging from fair treatment to failure to comply with statutory investment thresholds. Our Deputy News Editor, Omega Ukama (OU) had a chat with the Zimbabwe Insurance and Pensions Apex Council chairman, David Nyabadza (DN), recently who said the industry does not…
FBC Holdings Limited (FBC) says it achieved a profit before tax of $12,2 billion and an after-tax profit of $8,1 billion on the back of its adaptation, resilience and tenacity in what it termed a volatile operating environment for the six months ended June 30, 2022. The diversified financial services group mentioned the hyperinflationary environment,…
TURNALL Holdings Limited (Turnall) will maintain cost containment and business right-sizing as the company’s top priorities going forward to enhance profitability. This follows after the construction-materials manufacturer recorded an inflation adjusted profit of $526,5 million for the half year to June 30, 2022 from $76,9 million prior year. The group’s chairman, Bothwell Nyajeka said Turnall…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More