MINING & RETAIL

Glencore shares rebound on $1bn buybacks

Glencore will buy back as much as $1bn of its shares, a move that may soothe investors' concerns after the world's top commodity trader was hit by a US Department of Justice probe earlier this week.Th...

By Bloomberg | Published: 05 July 2018
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FINANCIAL SERVICES

ZHL shareholders approve share-buyback

Zimbabwe Stock Exchange-listed composite financial house Zimre Holdings (ZHL)'s shareholders have approved a repurchase of its stock.In terms of the share buyback the maximum number of shares will not...

By Staff reporter | Published: 30 June 2014
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FINANCIAL SERVICES

Old Mutual approves share buy-back

Old Mutual Zimbabwe Limited shareholders this week approved a share buyback meant to facilitate the eventual disposal of shares to indigenous Zimbabweans in line with the company's compliance to the i...

By Staff reporter | Published: 25 April 2014
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FINANCIAL SERVICES

CBZ Holdings to buy back 7,7m shares

CBZ Holdings intends to buy back over 7,7 million shares from close to 10 000 of the group's minority shareholders through a facility in which the stockholders sell the stock at no cost.Under the Nil...

By Staff reporter | Published: 28 October 2013
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TELECOMS & TECHNOLOGY

Econet approve share buyback

ECONET Wireless Zimbabwe shareholders on Tuesday approved directors' proposal to buy back a maximum 10 percent of the firm's shares.Shareholders endorsed the proposal and two other main resolutions at...

By Staff reporter | Published: 18 September 2013
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BUSINESS NEWS

SecZim condemns share buybacks

The Securities Commission of Zimbabwe has condemned companies' share buybacks arguing the schemes were exacerbating the liquidity crisis and "keeping the ZSE obscure". Tafadzwa Chinamo, SecZim chief e...

By Staff reporter | Published: 27 August 2013
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