ART records volume decline as economy hots up
Amalgamated Regional Trading (ART) registered volume declines for the half year to March 31, 2023 compared to the same period last year due to a challenging environment that eroded disposable … Read More
Category: Markets
VFEX to launch new products
The Victoria Falls Stock Exchange (VFEX) has a solid pipeline of new products expected to be availed during the second half of the year, including a commodities exchange. This is … Read More
ZSE suspends 3 securities dealers for misconduct
THE Zimbabwe Stock Exchange (ZSE) has with immediate effect provisionally suspended the membership rights of three securities dealers and one firm pending a hearing over alleged conduct. In a notice … Read More
Truworths seeks to raise ZWL$2,2bn in rights offer
LISTED clothing retailer, Truworths seeks to raise an estimated ZWL$2,2 billion additional working capital from a proposed a Renounceable Rights Offer of 384 067 512 shares saying if the plan … Read More
Seed Co eyes DRC market
ZIMBABWE’S largest seed producer Seed Co Limited is in talks with the Democratic Republic of the Congo (DRC) to supply agricultural inputs to the central African country. A delegation from … Read More
Econet to get some relief as debentures mature
Listed telecoms giant Econet Wireless will now enjoy some relief on the profitability front as foreign exchange losses are expected to taper off following maturity of the US$30 million debenture … Read More
Padenga gold output projected to jump 16pc
Diversified crocodile breeder Padenga Holdings Limited’s expansion of its mining operations future prospects look bright for financial year 2023 and beyond on account of growing gold output. The Victoria Falls … Read More
Pickstone Mine’s Phase 1 underground mining refurbishment completion by August
VICTORIA Falls Stock Exchange-listed diversified group, Padenga Holdings Limited says refurbishment of underground mining at its Pickstone Peerless Mine in Chegutu under Phase 1 will be completed in August this … Read More
Padenga’s revenue to grow by 30%
RESEARCHERS at Inter Horizon Securities have projected that revenue at the Victoria Falls Stock Exchange-listed crocodile breeder Padenga Holdings Limited (Padenga) will increase by 30,4% to US$166,81 million during the … Read More
Padenga Q1 gold output jumps 19pc to 541kg
Annual gold sales volumes for the year to December 31, 2022, becoming one of the top three gold producers in the country. The unit subsequently overturned a loss position into … Read More
