Govt gazettes VFEX exchange control regulations

Govt gazettes VFEX exchange control regulations

Staff Writer

HARARE – Government has gazetted regulations that will guide the setting up of the Victoria Falls Stock Exchange (VFEX) under Exchange Control Regulations.

This comes as the Finance Minister has set an end of August deadline for the operationalisation of the exchange, according to Treasury sources.

The VFEX, which is being spearheaded

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Three insurers trade on Tuesday as turnover close at $2.02 mln. UK investors to meet private sector

Three insurers trade on Tuesday as turnover close at $2.02 mln. UK investors to meet private sector

By Insurance24

HARARE, Three Insurers, saw their shares trading on Tuesday with the market closing firm with the All Share Index closing 0.67% stronger at 112.88. Nicoz Diamond was flat at 0.03c while Zimre Holdings lost 0.433% to close at 230c while Old Mutual was also lower, closing at 69628c. For

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ZSE opened week lower, insurers Old Mutual and FMHL among today’s losers

ZSE opened week lower, insurers Old Mutual and FMHL among today’s losers

By Insurance24

HARARE, The All Share Index retreated a marginal 0.21% to close at 1.5.05 on the back of losses in FMHL, Hippo and PPC. The week however opened with turnover decent at $1.5 mln with notable trades in Barclays, Econet, FMHL and OKZim.

Insurer, First Mutual Holdings closed 0.05 c lower at 14.95 while Old Mutual

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ZSE turnover reach $3.5 mln on Econet block deal…Old Mutual resurgence continues

ZSE turnover reach $3.5 mln  on Econet block deal…Old Mutual resurgence continues

By Insurance24

HARARE,  The All Share index’s bullish trend continued on Tuesday closing 0.37% higher at 104.25 on the back of heavyweight gains.  A block trade in Econet saw the day’s turnover rising to $3.4 million from $ 1.5 million in the previous session.

Seed producer Seedco added $0.0846, PPC

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Insurers share activity remain low…Ipec commissioner reportedly suspended

Insurers share activity remain low…Ipec commissioner reportedly suspended

By Insurance24

HARARE, Insures listed on the Zimbabwe Stock Exchange (ZSE) continue to witness none or minimal activity on their shares except for Old Mutual which registers activity almost every trading day.

On Thursday, of all the insurance stocks, OM was the only one in activity. Others, ZHL, Fidelity, who released their

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Insurance Bill still awaits promulgation into law….Insurer Old Mutual led risers on Thursday’s session

Insurance Bill still awaits promulgation into law….Insurer Old Mutual led risers on Thursday’s session

By Insurance24

HARARE, Insurance and Pensions Commission says the proposed Insurance Bill is still awaiting promulgation into law upon which the Commission will commence enforcing some of the new regulations.

The proposed Insurance Bill is set to harmonize the Insurance and Pensions Commission

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ZSE closes week positive ahead of workers day holiday

ZSE closes week positive ahead of workers day holiday

By Insurance24

HARARE, The last trading day for April closed on the front foot with the All Share Index adding 1.45 points on the back of widespread gains across the bourse. Ahead of the Workers Day holiday tomorrow, Old Mutual was the only insurer to trade. The group picked up $0.0147 to settle at $5.7341. Other insurers were inactive.

The Industrial

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Old Mutual completes feasibility for power projects….Market ends week on front foot

Old Mutual completes feasibility for power projects….Market ends week on front foot

By Insurance24

HARARE, Old Mutual says is close to completing feasibility studies of its $12 million solar and mini-hydro power projects upon which construction works would commence.

Old Mutual Investment Group Managing Director Marjorie Mayida in an interview said the projects include two 50 megawatt solar projects

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Not a good outing for insurers on Thursday….. Zimnat unveils trade credit insurance unit

Not a good outing for insurers on Thursday

By Insurance24

HARARE, Trading on the Zimbabwe Stock Exchange (ZSE) was characterized by thin volumes as activity remained low. Old Mutual which was the only insurer to trade was flat at 571c ahead of its annual general meeting this afternoon.

Only 300 Old Mutual shares exchanged hands. Other insurers ZHL, FMHL, Fidelity and Nicozdiamond shares witnessed

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ZSE All Share Index firm after a day’s break

ZSE All Share Index firm after a day’s break

By Insurance24

HARARE, Trading on the Zimbabwe Stock Exchange (ZSE) resumed on Thursday after a day’s break yesterday owing to an Independence day holiday. The All Share Index gained 1.48% to close at 94.61 on the back of gains in Delta, Econet and Padenga. The industrial index surged 1.49% to close at 316.85.

Market turnover was reasonable at $1.78

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