The establishment of the much awaited Victoria Falls Stock Exchange (VFEX) is taking shape following developments by the holding company, Zimbabwe Stock Exchange (ZSE) to invite essential stakeholders with interest in the new bourse to express in written applications, 263Chat Business reports. The VFEX to be
The Zimbabwe Stock Exchange (ZSE) is fast losing its allure despite being one of the top performers in the region in recent years as the deteriorating economic environment in the country coupled with political interference is increasingly triggering investor apathy, 263Chat Business has established. Several investors
The decision by the ruling Zanu pf party to push for the compulsory delisting of Old Mutual Limited shares from trading on the Zimbabwe Stock Exchange (ZSE) is misguided and could spell out negative ramifications to the country’s investment attractiveness, economic and financial analysts have
Government’s decision to unilaterally suspend the Zimbabwe Stock Exchange (ZSE) from trading has once again exposed the country’s propensity to violating property rights with the latest move expected to frustrate investor interest in the market, analysts have warned. On Friday, Government suspended the ZSE from trading
Opposition MDC Alliance has expressed dismay over the suspension of mobile money transfers by the Government saying the decision violates the rule of law. In a statement the Alliance demanded a reversal of the decision saying it does not protect property rights and dues process should
The Zimbabwe Stock Exchange (ZSE) capitalization has touched unprecedented levels closing at ZWL$ 204.498 billion on Friday as investors jostled to dispose local currency balances as the Zimbabwean dollar continues on a downward trajectory. In the five day trading period last week, the bourse gained ZWL$
The Reserve Bank of Zimbabwe (RBZ) has issued new $ 10 and $ 20 notes which are set to start circulation next week Tuesday and first week of June, respectively, as authorities step up efforts to ease cash challenges in the economy. In a statement released
The Zimbabwe Stock Exchange (ZSE) gained ZWL$ 11 billion in just six trading days to breach the ZWL$ 75 billion mark as investors disposed their local currency into equities amid speculation of a cash injection into the economy in the region of ZWL$ 600 million,
Clothing manufacturer and retailer, Edgars Stores Limited is issuing share capital by way of a rights offer to raise funds for its expansion initiatives, 263Chat Business can report. A rights offer is when a company issues new shares with priority to existing shareholders. The company has already
Zimbabwe Stock Exchange (ZSE) has suspended listed gold mining and exploration company, Falcon Gold Zimbabwe Limited from trading of its shares pending publication of audited financial results as the company seeks delisting from the local bourse. The suspension came at the behest of the company. “The Zimbabwe
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