VFEX, ZSE reduce settlement periods
THE Victoria Falls Stock Exchange (VFex) has announced the reduction of its trade settlement cycle from three days to two (T+2), effective April 14, 2025, to improve efficiency, deepen the … Read More
Category: Markets
Listed companies bullish about growth prospects
SEVERAL listed companies are confident about prospects for growth, profitability, and consolidation of operations this year, taking advantage of the solid economic growth forecast. Zimbabwe’s listed companies trade on the … Read More
Axia profit down 12% on ZiG devaluation
RETAIL and distribution company, Axia Corporation Limited, reported a 12% decline in profit after tax to US$5,29 million for its half-year financial period ended December 31, 2024, owing to losses … Read More
OK Zim reserves Byo branch closure decision
RETAIL giant OK Zimbabwe, plans to reopen its Entumbane branch, which it closed early this year, and convert the outlet into a wholesale business with lower operating costs. The branch … Read More
Delta Corporation reaffirms commitment to investing in young talent through bursary programme
DELTA Corporation Limited has reiterated its commitment to investing in young, talented individuals, which it believes will contribute to the growth and development of various communities. The corporate affairs general … Read More
Cafca to focus on margin protection after 29% revenue increase in Dec Q1
HARARE – CAFCA says it is increasing product availability in formal markets, adjusting margins for competitive pricing, and recruiting informal distributors to preserve brand integrity, in order to counter the … Read More
ART sees 13% drop in turnover as flagship batteries underperform
HARARE – Art Holdings says that low sales volumes across its operations have resulted in a 13% decline in turnover in the year to January 2025, to US$11 million from … Read More
Mixed equity markets on Tuesday as gold remains firm
Zimbabwe’s stock markets showed mixed performances on March 4, 2025, with gains in key indices, while economic headwinds weighed on select counters. The Zimbabwe Stock Exchange (ZSE) All Share Index … Read More
Best investment rewards as Econet shareholders receive robust final dividend
Econet Wireless Zimbabwe Limited has announced a substantial final interim dividend of US$ 0.73 cents per share for the year ending February 28, 2025, capping a year of consistent shareholder … Read More
Padenga goes all-in on gold mining
MINER and crocodile farmer, Padenga Holdings Limited (Padenga) has announced that it will list slightly over 253 million new ordinary shares to acquire the remaining 49,9% stake in mining concern, … Read More
