BUSINESS NEWS

Zimbabwe's broken railways threaten lithium, tobacco exports

Zimbabwe's crumbling railway system, once the backbone of the economy, has become a major obstacle to growth, inflating transport costs, stifling exports, and threatening emerging sectors such as lit...

BUSINESS NEWS

Powertel, Dandemutande 7-year deadlock broken

The High Court of Zimbabwe has brought an end to a protracted legal impasse between Powertel Communications (Pvt) Ltd and Dandemutande Investments (Pvt) Ltd, ordering the appointment of a sole arbitra...

BUSINESS NEWS

Zimbabweans caught between two broken health systems

When Matilda Sibanda left Bulawayo for South Africa ten years ago, her decision was driven by Zimbabwe's collapsing healthcare system. Now 34, she finds herself in a devastating limbo—unable to acc...

POLITICS

Gata died a bitter, angry, broken man

Sydney Gata, the long-serving and controversial executive chairman of the Zimbabwe Electricity Supply Authority (ZESA), has died at the age of 79 - just days after his tenure was terminated by Energy ...

POLITICS

Zimbabwe ministers, top officials loot broke parastatals

Senior government officials, including cabinet ministers, permanent secretaries, and directors, are siphoning millions of dollars from state-owned enterprises to finance extravagant lifestyles, in a g...

BUSINESS NEWS

SECZ suspends stockbroker over possible abuse of client securities

The Securities and Exchange Commission of Zimbabwe has suspended stockbroker Benson Gasura to pave way for investigations into possible non-compliance with the regulator's directive on nominee account...

BUSINESS NEWS

UK stockbroker to woo FDI to Zimbabwe

The Securities and Exchanges Commission of Zimbabwe (SECZ) has licensed a new strockbrocking firm, Morgan & Co, owned by British investors and two indigenous partners, which has pledged to influen...

POLITICS

MDC Alliance too broke to pay for ads

The MDC Alliance led by Mr Nelson Chamisa yesterday admitted it was struggling to raise money to pay for advertising slots availed by the Zimbabwe Broadcasting Corporation on both radio and television...

ZIMBABWE

Brokers optimistic on C-Trade

THE new mobile and online trading platform, C-Trade, will reduce profits for stockbrokers as trading fees for shares listed on the main bourse made through it will be negotiable.The platform, which wi...

FINANCIAL SERVICES

Mswaka named Stockbrokers Association chair

VETERAN stockbroker, Bartholomew 'Bart' Mswaka, has been announced as the Stockbrokers Association of Zimbabwe's new chairperson.Mswaka takes over from FBC Stockbroking managing director Ben Gasura.Ba...

POLITICS

Khupe ally's office broken into by armed robbers

ARMED robbers allegedly broke into the Dr Thokozani Khupe-led MDC-T deputy president Mr Obert Gutu's law chambers in Harare on Wednesday night, attacking a security guard and leaving him for dead.Mr G...

Broke Zim commits to debt clearance programme

President Emmerson Mnangagwa's government says it is committed to repay its debts with the international community.Central bank governor John Mangudya said in line with the new economic order, governm...

JOBS

Derivative Broker

Derivative Broker   A vacancy exists in the Garden Route, Western Cape for a:  Junior Derivative BrokerKey Responsibilities:    Creating and capturing of orders from mand...

BUSINESS NEWS

Mugabe's challenger to broke for 2018 elections?

The Morgan Tsvangirai-led MDC - which has not been spared by the economic meltdown - has hit hard times, casting doubts over its capacity to withstand the well-oiled Zanu-PF machinery in the 2018 elec...

'Accumulate Zimplow,' says Imara Stockbrokers

Zimplow Holdings Limited released an improved set of numbers showing revenue growth of 77% to $14.7 million for an operating profit of $0.2 million compared to a loss of $1.3 million in the first half...

BUSINESS NEWS

Zambia guarantees $250m Kariba loan, as broke Zim can't

Zambia has guaranteed a total $250 million loans jointly accessed with Zimbabwe - through the Zambezi River Authority (ZRA) - from international financiers, targeted at funding refurbishment of Kariba...

MINING & RETAIL

Imara Stockbrokers downgrades Bindura

Bindura Nickel Corporation released a subdued set of numbers for their Q3 trading update, as nickel concentrate production declined by 30% from 1,989 tonnes in Q2 to 1,383 tonnes. This was on the bac...

POLITICS

'Zim broke to implement economic plan'

Zimbabwe has no funds to implement its five-year economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), Industry minister Mike Bimha has said.He said the pri...

ZIMBABWE

Govt, brokers agree on demutualisation

Government and stockbrokers have agreed in principle, subject to cabinet approval, on the equity structure to be followed when the Zimbabwe Stock Exchange is demutualised. According to the agreement, ...

FINANCIAL SERVICES

Remo ruling presents dilemma

A High Court ruling that Interfin Securities (Private) Limited (Interfin) must return Remo Investment Brokers (Private) Limited (Remo)'s shares worth $3,3 million has presented market regulators and Z...

POLITICS

Zim govt admits it's technically broke

THE government has admitted it is technically broke and will not be able to sustain the $540 minimum wage proposed by civil servants unions owing to the declining government revenue as the economy con...

FINANCIAL SERVICES

Stockbrokers lose $1 million to fraud

BROKERAGE firms have lost nearly $1 million since dollarisation due to fraud resulting from weak manual systems and lack of sound internal controls on the Zimbabwe Stock Exchange (ZSE), the country'...

INDUSTRIALS & ENERGY

Beer price increase a reaction to pricing 'abuse'

IMARA Edwards Securities speculates that the review of beer prices by Delta Beverages is a reaction to the 'abuse' by retailers on pricing due to shortage of coinage.Delta reviewed the wholesale and...

ZIMBABWE

'Politics drive big spurt in Zimbabwe equity trading'

Zimbabwean politics are driving a huge spurt in trading volumes on the Harare stock exchange.The recent election victory of incumbent president Robert Mugabe may have led to a sell-off by some, but si...

BUSINESS NEWS

SECZ announces new directive on brokerage firms

THE Securities Commission of Zimbabwe (SECZ) has ordered brokerage firms intending to sell shares held by defunct, suspended or struggling stockbroking firms to seek approval from the capital markets...