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  • ZSE market cap crosses $50 trillion as anxiety over MPS continues

ZSE market cap crosses $50 trillion as anxiety over MPS continues

By ETimes HARARE – Trading in the Zimbabwe Stock Exchange market kicked off the week on a bullish note as analysts see positive momentum continuing due to anxiety over the…

Tobacco sales hit US$12.92 mln in 3 days

By Stephen Chandisareva HARARE – At least 4.14 million kilograms of tobacco worth US$12.92 million have been sold so far at auction and contract floors in the country since the…

ZIMPLATS announces voluntary retrenchment program amidst challenging market conditions

By ETimes In an internal memo circulated yesterday, Alex Mhembere, the Chief Executive Officer of ZIMPLATS, addressed the company’s workforce regarding the ongoing challenges faced in the operating environment. “We…

Bezbets fined $US500 for defrauding punter

  Staff Writer HARARE – Magistrate Simon Kandiyero has fined betting company Bezbets after he found them guilty of defrauding a punter who placed a bet and won $5400. However…

Equites end higher as ZWL tumbles

By ETimes HARARE – The Zimbabwe Stock Exchange (ZSE) extended gains on Thursday as the Zimbabwe dollar continued to depreciate against the greenback. The mainstream ZSE All Share Index was…

Liquid fibre network hits over 26 000 km in Zimbabwe

By Stephen Chandisareva HARARE – Liquid Intelligent Technologies says it has laid over 110,000 kilometres of fibre in Africa, despite the cost of capital being a challenge in some other…

Econet shares gain 14.82% after declaring US$15 million interim dividend

By ETimes HARARE – Shares of Econet rose 14.82% on Wednesday after the telecommunications giant declared an interim dividend of 0.55 US cents per share for the year ended 29…

Simbisa Brands: Steady Growth, Strong Margins

By Stephen Chandisareva HARARE – The major currency devaluation in key markets, particularly the Zimbabwean Dollar and Kenyan Shilling, had a significant impact on Simbisa Brands Limited’s USD income contribution.…

Zimbabwe sells first tobacco bale for $4.92 per Kilo

By Stephen Chandisareva HARARE – Zimbabwe’s tobacco industry has started off the 2024 marketing season on a positive note, with the first bale fetching an impressive US$4.92 per kilogram. This…

Market cap gains $1.48tn as price gains in big caps drive stocks up

By ETimes HARARE – The strong uptrend on the Zimbabwe Stock Exchange continued on Tuesday as investors continued to take a risk-off stance in equities, helping to build a positive…