Losers dominate trading on Thursday
Insurance24
HARARE, The market traded in the red with trading dominated by losers. The All Share Index was down, 0.37 points on the back of a 7.60 points loss in the Mining Index and a 0.19 points loss in the Top Ten stocks.
The Industrial Index closed 0.83 points weaker with losses in CBZH, DZLH, Econet and PPC. Turnover was stable at USD 1,042,653 with good trade
Masawara Plc seek to raise private equity capital, as Mutasa spells out future
Insurance24 Reporter
Harare, Masawara Plc, post de-listing from the AIM will seek to raise private equity capital to grow its various businesses.
The group is an investment company focussed on Zimbabwe and neighbouring countries, other than South Africa.
“I am confident of the Group’s ability to attract development
Market retreats in mid week session as Fidelity Life Assurance finally moves
Insurance24
HARARE, The market traded on the back foot with losses in most counters. The All Share Index and the Top 10 Index both lost 0.62 points. The Industrial Index retreated 2.13 points with losses in CBZ, Econet, Hippo and Innscor. Turnover was decent at USD 1,168,440 with good trade values in Old Mutual and PPC. The
Block trades in Delta, Old Mutual and Seedco drives activity as ZSE turnover spikes to $3 mln
Insurance24
HARARE, Activity on the Zimbabwe Stock Exchange (ZSE) on Tuesday improved strongly on the back of block trades in Delta, Old Mutual and SeedCo.
Turnover spiked to close at USD 3,924,929 with other notable trades being recorded in Econet and Hippo. The All Share Index recovered marginally, closing
Insurance companies stutter in Monday’s ZSE trading session
Insurance24
HARARE, The week opened with improved activity as turnover edged up to close at USD 1,082,998 compared to USD 400,000 in the previous session.
Trades in Delta, Hippo and Old Mutual carried the day as the rest of the bourse was dominated by very thin trades.
The All Share Index retreated 0.18 points on the back of weaknesses in
Masawara Plc to de-list from AIM
Insurance24 Reporter
HARARE, Masawara PLc is set to de-list from the AIM (London Stock Exchange) following a transaction in which principal shareholder Shingai Mutasa and others now control 90.4% of the Company’s issued share capital.
The transaction is that on 27 December 2017, Oxford Holdings Limited (“OHL“) acquired 50,760,456 ordinary
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Old Mutual offers Free Funeral Cover this Festive Season
Insurance24
HARARE, Old Mutual Zimbabwe is offering free Funeral cover this Festive Season in a promotion running until 31 January 2018 for which the Funeral Plan has immediate cover for accidental death and three month waiting period for natural deaths.
Terms of the plan are that individuals or Groups that take up the Old Mutual Funeral Plan
Sanlam posts solid performance in ten months to October 2017
The Sanlam Group announced a solid operational performance for the 10 months to 31 October2016, with total new business volumes of R195 billion, up 11 per cent on the first 10 months of the 2015 financial year.
Sanlam Personal Finance achieved 3 per cent growth in new business sales, with pressure on discretionary single premium savings
Old Mutual Zimbabwe invests in solar power projects
HARARE, Old Mutual intends to construct solar power projects with capacity to generate at least 50 megawatts. The projects will entail the construction of two solar power plants in Gwanda and Chipinge,
Old Mutual chief investment officer (Alternative investments) Benjamin Sithole said yesterday.
He said some solar panels will be laid on the rooftops