Markets

World

Biden's Economic Report Criticizes Cryptocurrencies For Lacking a Fundamental Value

The report made no recommendations for immediate action. Regulators, though, don't require a starting pistol. Some agencies, including the Securities and Exchange Commission, have already begun taking

Mar 24, 2023
Zimbabwe
South Africa Beats the Odds: Inflation Surges Higher Than Expected In February

South Africa's headline consumer inflation has risen slightly higher than expected in February, according to data released by Statistics South Africa. Year on year, inflation grew by 7.0% from 6.9% in

 Mar 23, 2023
World
Volatility Yields: ZSE Investors Take Home Almost 50% US$ Gains

The highly volatile financial market, Zimbabwe Stock Exchange (ZSE), has once again emerged the best performing bourse in Africa on a year-to-date basis, in US$ terms. As at the 21st of March, 2023, t

 Mar 22, 2023
World
TSL Revenue Soars as Expansion Initiatives Pay Off

TSL Limited, a tobacco merchant, and agro-industrial focused group increased its revenue by 106% in inflation-adjusted terms during the first quarter ended 31 January 2023 against the prior period. Th

 Mar 21, 2023
World
African Markets Update: Unlocking the Mystery of Third World Economies' Record Stock Exchange Results

The Zimbabwe Stock Exchange is currently the best performing stock market in Africa, with a year-to-date return of 34.67% in USD terms, and 83.41% in inflation-adjusted ZWL. Typically, the stock mark

 Mar 21, 2023
Zimbabwe
First Capital Bank ducks ZSE, eyes VFEX

Harare - FIRST Capital Bank Limited has announced plans to delist from the Zimbabwe Stock Exchange with the intention to list at the Victoria Falls Stock Exchange (VFEX). The recent removal of the 100

 Mar 20, 2023
World
CORPORATE ACTION SUMMARY

CFI withdrew the Annual General Meeting (AGM) notice issued on the 9th of March, 2023, and pushed the event to a further date at the same venue. The company’s 27th AGM will now be held on Friday, the

 Mar 20, 2023
Oil Price Surge Crushed After US and Swiss Banking Crisis

Harare-Oil prices are set to experience their steepest weekly decline of the year, with West Texas Intermediate (WTI) futures climbing only slightly above US$69 a barrel on Friday. The market disrupti

Mar 17, 2023
Weekly Cabinet Review: Breaking Down the Progress of NDS1

In the fifth post-cabinet press briefing an update on the country‘s Response to the COVID-19 Pandemic was received which reported that 1 death was recorded during the week under review, compared to th

Mar 16, 2023
Conflict Brewing: CZI and ZETDC Face-off as Power Charges Surge

The Confederation of Zimbabwe Industries (CZI) has suggested that US dollar electricity billing should be adjusted according to the ratio of foreign currency sales, as businesses have different mixes

Mar 16, 2023
The White Gold Rush: China and the lust for Zim’s Lithium

Africa is home to 30% of the world’s mineral reserves and holds 40% of the world’s gold and at least 90% of its chromium and platinum. It also has the largest reserves of cobalt, platinum, uranium and

Mar 15, 2023

Banking Sector: ZSE vs Global Shares

The banking sector has come under scrutiny globally, with the listed biggest banks in the world recording a bloodbath from the prior week to date. However, the banking stocks on the Zimbabwe Stock Exc

Mar 15, 2023

African Markets Update-NGX's Roar Through SVB's Dark Night

The market has been relatively flat (0.33% gain) during the past week; however, the Energy sector has seen a significant drop of 5.4%. in the 4-week period there has been gain of 2.62%, and an overall

Mar 14, 2023

TIMB Preying on Farmers' Harvest to Settle Their Previous Debts

The Tobacco Industry and Marketing Board (TIMB) has issued an order to merchants to deduct any money owed by farmers from two years ago, following the opening of the floor with an estimated 8.5% incre

Mar 10, 2023

CTC Applauds Government's 'Game-Changing' Mergers for 2022

The Competition and Tariff Commission (CTC) reported an impressive 24 merger deals worth a total of US$1 billion in 2022, directly attributing the figure to the government's policies that encouraged a

Mar 09, 2023

AXIA Debuts on VFEX, Buttresses Market Capitalization

Axia Corporation Limited debugged on the Victoria Falls Stock Exchange (VFEX) on Monday, the 6th of March, 2023. This follows the delisting of the counter from the Zimbabwe Stock Exchange (ZSE) on the

Mar 08, 2023

Platinum Giant Impala Prays for Shareholder Uplifting in Horizontal Merger

-Impala Platinum is awaiting the decision of its major shareholder, South Africa's Public Investment Corporation (PIC), which is faced with two choices regarding the acquisition of platinum group meta

Mar 03, 2023

Commodities Perspective Corner: Juicy Profits Trimmed! Dive into the World of Citrus Exports

According to Zimtrade, the new requirements that have been put in place by EU are meant to protect consumers and prevent the spread of the False Codling Moth (FCM) into the Union. The EU enacted a reg

Mar 02, 2023

Rand Gains 1% against US Dollar on Boost from Chinese Data Release

The South African Rand regained value against the US dollar on Wednesday, March 1st, as data from China bolstered the value of the Rand. The unit traded at 18.1575 against the dollar, about 1% stronge

Mar 02, 2023