Capital & Money Markets

ECONET Wireless Zimbabwe Limited (EWZL) will reduce its shareholders’ equity by diluting their shares from its conversion offer to debenture holders to convert every 100 debentures to 93,3 new ordinary shares. Yesterday, EWZL made an […]

LONDON (Reuters) – British blue chips outperformed their European peers on Monday morning as fears over Britain’s European Union exit terms sank the pound, giving an accounting boost to stocks with foreign revenues in dollars. […]

ECONET Wireless Zimbabwe Limited (EWZL) has announced a $600 million half-year revenue to August 31, 2018, up from $353 million in the same period last year, buoyed by a strong performance by its ‘SmarTech’ business […]

The Zimbabwe Stock Exchange (ZSE) has suspended coal miner, Hwange Colliery Company Limited from the local bourse following its placement under administration. The suspension is with effect from November 2, 2018. ZSE acting chief executive […]

The Zimbabwe Stock Exchange’s market value soared US$6 billion in October after shares hit new highs on the back of rising foreign exchange rates and inflation volatility. All of the ZSE market indicators closed the […]

LONDON (Reuters) – UK shares jumped to a three-week high on Wednesday as upbeat results from Standard Chartered (STAN.L) and Smurfit Kappa (SKG.I) provided some respite from a ghoulish October that put the market on […]

NEW YORK (Reuters) – U.S. stocks gained on Monday, helped by relief over Italy maintaining its debt rating, as equities clawed back from a sharp sell off last week. Financials .SPNY led broad gains among […]

ZIMBABWE risks plunging into rampaging price inflation if it liberalises foreign exchange controls, according to the proponents of a managed exchange rate system. But critics of the system argue that fixing the exchange rate is […]

The lifting of restrictions on imports will ease shortages of key foodstuffs and other commodities, but some local manufacturers might take a hit. Publicly traded makers of consumer goods such as National Foods, Hippo Valley, […]