Industrials goes beyond 500 point mark

HARARE – The Zimbabwe Stock Exchange’s mainstream Industrial Index closed the week on a high, surpassing the 500 points mark after adding 10.68 points to close at 505.32 on the back of widespread gains.
Posted On 13 Oct 2017

Companies in ‘obligatory’ 2017 bonus payments?

HARARE – At least half of local firms anticipate to pay annual bonuses this year, although this is mostly not in response to improved productivity, a recent survey shows.
Posted On 13 Oct 2017

FMB takeover of Barclays finalised

HARARE – Barclays Bank on Friday said acquisition of its Zimbabwe subsidiary to Malawian listed FMB Capital has been completed as all statutory and regulatory requirements have been fulfilled.
Posted On 13 Oct 2017

Bonds slightly firmer ahead the release of US inflation data

South African bonds were slightly firmer on Friday morning, tracking the rand, ahead of the release of US inflation data later in the day.Market sentiment is cautious ahead of the US release as it will give more clarity about Federal Reserve policy makers’ path regarding...
Posted On 13 Oct 2017

ECB to consider cutting QE purchases in half next year

European Central Bank officials are considering cutting their monthly bond buying by at least half starting in January and keeping their program active for at least nine months, according to officials familiar with the debate.
Posted On 13 Oct 2017

Solar power projects stall

HARARE – Funding challenges have stalled three major solar power projects that the Zimbabwe government intended to embark on to boost electricity supply, the Senate heard on Thursday.The three are Insukamini in Bulawayo, Munyati and the Gwanda project which alone was intended to...
Posted On 13 Oct 2017