adminGOVERNMENT is working on setting up the mining cadastre system. This will see the computerisation of the country’s register of mining rights and titles to improve administration and avoid double title allocations. The current system is going to be changed mainly to minimise the disputes that the country has been facing, which emanate from lack of surveyed information.
INDUSTRIALS
The Industrial Index closed the week higher at 525.63 points after gaining 1.12 points (0,21percent). Cement maker Lafarge led the movers with a $0,1000 gain to close at $1,0000, Edgars went further up by $0,0104 to close at $0,0800 whilst FBC was $0,0100 higher at $0,2500. OK Zimbabwe also increased by $0,0090 to end at $0,2700 and Seedco increased by $0,0051 to close at $3,1700.
Gains were offset by losses in Old Mutual which lost $0,0120 to close at $14,3000, ZB Financial Holdings was $0,0070 weaker at $0,3800 and Padenga shed $0,0043 to close at $0,8174.
Week on week the industrials gained 11.33 points (2,20percent)
MININGS
The Mining index shed 0.12 points (0,09 percent) to close at 140.50 points after Riozim lost $0,0025 to close at $1,1600. Bindura increased by a marginal $0,0001 to close at $0,0570. Falgold and Hwange remained unchanged at $0,0201 and $0,0374 respectively.
The mining index gained 3.25 points (2,37 percent) compared to week ending 27 October 2017.
Bongani Ndlovu