adminTHE announcement by power company Zesa that it was increasing its load shedding times because of limited generation capacity at Kariba Hydro Power Station can be good for investors. This, experts say, shows that Zimbabwe is ready to accept investors in any form of power generation to boost availability of energy. Investors must line up to exploit the
opportunity especially in alternative forms of energy such as gas and solar.
Meanwhile, on the Zimbabwe Stock Exchange, the Industrial Index recouped recent losses as it gained 0.93 points (0,71percent) to close the week on Friday at 132.43 points.
BAT recovered $0,0500 to close at $11,6000 and Colcom added $0,0400 to trade at $0,2400.
Other gains were in beverage giant Delta which improved by $0,0097 to $0,8349, Innscor rose by $0,0050 to settle at $0,5900 and Zimre was up $0,0010 to trade at $0,0110
On the down side, one counter lost ground as Old Mutual shed $0,0075 to settle at $2,4900.
Despite the gain, the industrial index lost 1.40 points (1,05 percent) compared to week ending 18 September 2015.
The Mining index was flat at 25.15 points. Bindura, Falgold, Hwange and Rio Zim maintained previous price levels at $0,0150, $0,0050, $0,0340 and $0,1200 in that order.
Week on week the mining index lost 0.79 points (3,05 percent).
derick.khumalo