RichPro gets free run on ASA assets

Tawanda Musarurwa HARARE – RichPro Investments Ltd appears to now have a free run on the acquisition of Zimbabwe-focused ASA Resource Group after South African mining group Pan African Resources…

All Share Index slides

HARARE – The Zimbabwe Stock Exchange’s All Share index came off 0.13 points to settle at 89.50 as activity increased across the board.

Share buybacks could add fuel to Wall Street rebound

SAN FRANCISCO – Companies snapping up their own shares might provide additional fuel for the U.S. stock market to rebound in coming weeks following a wave of strong quarterly earnings…

Zim govt yet to conclude Telecel deal

HARARE – The Zimbabwe government has not  yet received its 60 percent shareholding in Telecel International which  it acquired from Dutch company Vimpelcom, as it has not made full  payment,…

All Share week closes week on a low

HARARE  – On a week-on-week basis, the Zimbabwe Stock Exchange’s All Share Index was down 1, 01 percent.

FAO calls for urgency on fall armyworm

Elita Chikwati HARARE – The Food and Agriculture Organisation (FAO) has called on countries affected the fall armyworm to urgently determine the possible impact of the prolonged dry spell that…

Govt bid to complete Telecel takeover hits another brick wall

HARARE – The bid by the Zimbabwe  government to become the sole shareholder of Telecel Zimbabwe has hit  another hurdle as shareholders within the Empowerment Corporation (EC),  which owns 40…

Gold price: Value of ETF bullion tops $100 billion for first time in 5 years

By Frik Els On Thursday gold lifted from the 2018 low the metal struck yesterday, exchanging hands for $1,320.40 near the close of trading.

Qualcomm rejects Broadcom’s revised buyout offer, proposes meeting

U.S. semiconductor company Qualcomm Inc on Thursday rejected Broadcom Ltd’s revised $121 billion buyout offer, but proposed meeting its peer to see whether they can address what it called the bid’s “serious…

Rand holds up despite deepening global market sell-off

The rand held up on Friday morning, out of sync with other emerging-market currencies, which sagged amid global risk aversion.

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