Commodities Exchange launch rescheduled
The much-anticipated launch of the commodities exchange – the Zimbabwe Mercantile Exchange (ZMX) – been extended by a month to April 30 to give allowance for the requisite approvals and … Read More
Category: Markets
MPC lauds forex auction system
The Reserve Bank of Zimbabwe (RBZ) has made major milestones in the implementation of a monetary targeting framework that has successfully contained reserve money growth and the introduction of foreign … Read More
800 companies benefit from Foreign Currency Auction
Close to 800 companies have benefited from the weekly Foreign Currency Auction Trading System where a total of US$639,5 million has been allotted since the introduction of the platform in … Read More
Exchange rate slightly moves
The official auction rate moved to $84,1197 to the US dollar yesterday, drifting 0,16 percent or around 13 Zimbabwe cents since last week with US$35,56 million allocated in total on … Read More
Muzarabani investor halts trading after ASX bull run
SOUTHERN Africa focussed oil and gas exploration outfit Invictus Energy halted trading on the Australia Stock Exchange (ASX) yesterday, a week after the bourse queried a sudden surge in demand … Read More
No maize at commodities exchange
The much awaited commodities exchange — Zimbabwe Mercantile Exchange (ZMX), will comply with Statutory Instrument 145 of 2019 (SI 145) on trading of strategic grain such as maize, which will … Read More
Invictus to give capital raise update
Australia Stock Exchange (ASX) listed and Zimbabwe focused oil and gas exploration junior, Invictus Energy, has requested a suspension of trading in its shares ahead of an update this week … Read More
ZSE grants 30-day results publication reprieve
THE Zimbabwe Stock Exchange (ZSE) has granted listed companies with financial results due out at the end of this month, a 30-day reprieve within which to publish them. The extension, … Read More
Over US$639.5 m traded at auction since inception
The Reserve Bank of Zimbabwe (RBZ) said on Wednesday US$639.5 million has been allocated to over 100 companies at the foreign currency auction since its inception at the end of … Read More
Stock Market Weekly Review
A bearish sentiment prevailed on the Zimbabwe Stock Exchange resulting in investors losing a$47 billion in a week. During the week to Wednesday total market value retreated by 8 percent … Read More
