Short-term deposits continue to affect lenders

THE country’s broad money supply continues to be dominated by short-term deposits, a factor that constrains the local financial services sector’s capacity to lend to critical sectors of the economy on long-term basis.
Posted On 16 Aug 2017

Equities open holidays-shortened week on a high

HARARE – The local equities market’s mainstream Industrial Index opened the week firmer at 211.19 after putting on 0.58 points.
Posted On 16 Aug 2017

Industrials gain 1, 7pc week-on-week

HARARE – On a week-on-week basis, the ZSE’s mainstream Industrial Index improved by 1, 70 percent.
Posted On 11 Aug 2017

Equities continue in the black

HARARE – The local equities market’s mainstream Industrial Index advanced by 0.35 points to settle at 210.28 as CFI led the gainers with a $0, 0374 bump to close at $0, 5807.
Posted On 10 Aug 2017

Industrials, minings gain

HARARE – The ZSE’s mainstream Industrial Index gained a further 1.03 points to close at 209.93 as heavyweight counters gained ground.
Posted On 09 Aug 2017

Equities in continued bull-run

HARARE – The Zimbabwe Stock Exchange’s mainstream Industrial Index continued in the positive trend gaining 1.08 points to settle at 208.90 as meat processor Colcom led the gainers with a hefty $0, 0821 rise to close at $0, 4945.
Posted On 08 Aug 2017

Turnall slides into the red in FY16

HARARE – Listed building materials manufacturer Turnall Holdings has reported a $1, 6 million loss for the full year ended December 31, 2016 on the back of reduced demand and low exports.
Posted On 07 Aug 2017

ZSE open week on a high

HARARE – The ZSE’s mainstream Industrial Index opened the week in the positive following a 0.73 points increase.
Posted On 07 Aug 2017

CBZ Holdings to launch SME Pension Fund

HARARE – CBZ Holdings is set to launch a new insurance product, the CBZ SME Pension Fund in the second half of the year targeting the growing small to medium enterprise market. Group chief executive Mr Never Nyemudzo told an analyst briefing that this was part of t...
Posted On 07 Aug 2017

MBCA profit up 125 pc

MBCA Bank Limited reported a 125 percent jump in profit after tax to $2,71 million for the half year to June 30, 2017 despite a challenging operating environment.
Posted On 04 Aug 2017