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    ZSE ends the week on a losing cause as AG raises flag on ministry governance

    Staff Writer

    The Auditor-General Mildred Chiri’s latest report shows that a number of ministries did not have an updated risk register and no formal risk assessments were done to cover key processes in 2019 and come up with mitigation measures for the identified risks as required by the law.

    “In addition, some Ministries did not have documented and approved risk management policies and tools to identify and mitigate possible risks in their operations,” reads the report.

    “This goes against the tenets of good corporate governance which requires a documented and approved risk management policy.”

    At close, the mainstream ZSE All Share index continued pointing southwards losing 0.52% to 5,941.21 points. The Top 10 Index retreated 0.89% to 3,172.69 points on OK Zimbabwe and Cassava which lost 6.43% and 2.06% to 1,515.20c and 1,543.47c.

    The Small Cap Index gained 0.89% to 116,880.97points. GB Holdings topped the gainers table with 20% to 186.00c. Truworths went up 8.02% to 131.66c.

    The Medium Cap Index lost 0.12% to 15,626.42 points. NatFoods, Fidelity Life and Zimplow were down 12.61%, 11.79% and 5.69% to 33,206.86c, 661.53c and 808.35c.

    In the green was RTG, Starafrica and ZHL which gained 17.02%, 12.41% and 11.61% to 340.00c, 127.82c and 326.45c respectively.

    Top traded counters were Delta, Econet and OK Zimbabwe at ZWL$28.03 million, ZWL$19.29 million and ZWL$9.85 million in that order – Harare

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