TSL in mixed third quarter performance
Listed industrial firm, TSL Holdings’, performance across its various categories was generally depressed in the third quarter to July 31, 2020 dragged down by the impact of the Covid-19 pandemic. … Read More
Category: Markets
Zeco’s going concern status hangs in balance
LISTED engineering firm, Zeco Holdings Limited’s going concern status hangs in the balance as the company’s current liabilities have exceeded current assets by $4,484 million. According to a recently issued … Read More
Govt clamps down on forex rate violators
GOVERNMENT has deployed a team to probe shops for malpractices such as failure to stick to the official exchange rate when transacting, a Cabinet Minister has said. The deployment comes … Read More
Govt in talks with banks to support Victoria Falls Stock Exchange
ZIMBABWEAN authorities are in discussions with several international investment banks to support the new Victoria Falls Stock Exchange (VFEX) that will trade exclusively in foreign currency, Finance and Economic Development … Read More
. . . funds set for offshore investments
Government is working on a Bill that will allow local pension funds to invest in offshore markets including on the Victoria Falls Stock Exchange which will trade in hard currency … Read More
Fidelity Life terminates restructuring plans
Zimbabwe Stock Exchange-listed insurance concern, Fidelity Life Assurance Zimbabwe has cancelled plans to raise new capital. The development comes on the heels of last week’s announcement by Zimre Holdings Limited … Read More
VFEX will deal with exchange rate risk
The launch of the Victoria Falls Stock Exchange (VFEX) is meant to deal with exchange rate risk from portfolio investment into the country, Finance and Economic Development Minister Mthuli Ncube … Read More
Fidelity Life shelves plans to raise capital
Zimbabwe Stock Exchange-listed insurance concern Fidelity Life Assurance Zimbabwe has cancelled plans to raise fresh capital. The development comes on the heels of last week’s announcement by Zimre Holdings Limited … Read More
Forex Auction, Zim dollar sees another week on the up. Rate at 81.7076
The Forex Auction results for 15/09/20 are in and the Zimbabwe dollar has yet again seen an upturn. This week the weighted median average is ZWL$81.7076 which is a ZWL$0.9917 … Read More
The unsettling stability of the FX market
The foreign currency auction market has held up so far. At its best, the Zimbabwe dollar has strengthened against the US$ on more than one occasion in the last two … Read More
